AUBURN HILLS, Mich., Nov. 26, 2018 /PRNewswire/ --
For the fifth year in a row, the 2019 Dodge Charger, and for the second year in a row, the 2019 Jeep® Wrangler, each earned a Residual Value Award from ALG, the industry benchmark for residual values and depreciation data.
Continuing its run as the sales leader in the large car segment for the fifth year in a row, the Dodge Charger also continues its streak as the Full-size Car segment winner in ALG Residual Value awards. "As a niche player in the segment, the Dodge Charger offers the best of both worlds with the comfort of a full-size sedan and the power of a muscle car," said Eric Lyman, senior vice president of ALG. "High performance offered at an affordable price-point leads Charger to sweep the full-size segment and take home its fifth consecutive Residual Value Award." The next-generation Jeep Wrangler, revealed a year ago at the Los Angeles Auto Show, takes home its second ALG Residual Value award in the Off-Road Utility segment. "Jeep has a long and successful history in off-road utilities and the Wrangler combines function and comfort, adding new technology and powertrain offerings. This strong value proposition makes it no surprise to see the Wrangler win the Residual Value Award in the Off-Road Utility segment for the second year in a row," Lyman said.
ALG recognizes 26 vehicles with segment awards, along with two brands representing the mainstream and premium sectors of the industry. This year's awards are based on 2018 model-year vehicles. Award winners are determined through careful study of the competition in each segment, historical vehicle performance and industry trends. Vehicle quality, production levels relative to demand and pricing and marketing strategies represent key factors that impact ALG's residual value forecasts.
Dodge Charger
From the quickest, fastest and most powerful sedan in the world to V-6 efficiency and all-wheel-drive (AWD) capability, the Dodge Charger lineup is designed and engineered to provide the ultimate in high-performance comfort and road-ready confidence as America's only four-door muscle car. Dodge Charger's rear-wheel-drive (RWD) architecture enables a model lineup highlighted by extensive performance-driven powertrains with the latest technology under the hood and behind the wheel – further building on the Dodge brand's promise to deliver American performance machines with world-class power, efficiency, technology, authentic materials and standout styling.
Standard on every Dodge Charger model is the innovative TorqueFlite eight-speed automatic transmission. Charger offers a full range of powerful engine options on six distinct models, including the award-winning 3.6-liter Pentastar V-6 on Charger SXT, SXT AWD and GT, the legendary 5.7-liter HEMI® V-8 on R/T models, the naturally aspirated 392 HEMI V-8 on R/T Scat Pack models and the 707-horsepower 6.2-liter supercharged HEMI SRT Hellcat V-8.
For 2019, Dodge repositions the lineup to include a new Charger SXT AWD model and a new Charger GT RWD performance V-6 model. Charger GT and R/T models get the performance look and features standard and receive a full complement of race-bred chassis upgrades. Charger SRT Hellcat and R/T Scat Pack feature standard performance upgrades, including Launch Assist and Line Lock; a new performance grille with dual air inlets; new Launch Control switch on R/T Scat Pack; and Torque Reserve, After-Run Chiller on SRT Hellcat.
Jeep Wrangler
Jeep Wrangler continues to deliver class-leading capability, and has been completely refined to offer consumers a vehicle truly built for work, play, and for driving every day ... on the road, on the trail, and in any weather condition. The all-new Jeep Wrangler is loaded with advanced technology and connectivity, and boasts a remarkably comfortable interior, improved on-road driving dynamics, unique and authentic styling, new levels of safety and security features, and powertrain options that include the dependable 3.6-liter V-6 engine and an all-new 2.0-liter turbocharged inline four-cylinder engine that provides even more performance and fuel efficiency. Jeep Wrangler remains the most capable and recognized vehicle in the world.
About ALG
Founded in 1964 and headquartered in Santa Monica, California, ALG is an industry authority on automotive residual value projections in both the United States and Canada. By analyzing nearly 2,500 vehicle trims each year to assess residual value, ALG provides auto industry and financial services clients with market industry insights, residual value forecasts, consulting and vehicle portfolio management and risk services. ALG is a wholly-owned subsidiary of TrueCar, Inc., a digital automotive marketplace that provides comprehensive pricing transparency about what other people paid for their cars. ALG has been publishing residual values for all cars, trucks and SUVs in the U.S. for over 50 years and in Canada since 1981.
About TrueCar
TrueCar, Inc. (NASDAQ: TRUE), the modern car-buying service, gives consumers transparent insight into what others paid and access to guaranteed savings off MSRP from TrueCar Certified Dealers. TrueCar's network of more than 10,000 trusted Certified Dealers is committed to providing upfront pricing information and a hassle-free buying experience, accessible through www.truecar.com and via the mobile app, for iOS and Android devices. TrueCar also powers car-buying programs for some of the largest U.S. membership and service organizations, including AARP, American Express, AAA, Sam's Club and USAA. Not all program features are available in all states. TrueCar is headquartered in Santa Monica, California, with offices in San Francisco and Austin, Texas. For more information, go to www.truecar.com.
About FCA US LLC
FCA US LLC is a North American automaker based in Auburn Hills, Michigan. It designs, manufactures, and sells or distributes vehicles under the Chrysler, Dodge, Jeep®, Ram, FIAT and Alfa Romeo brands, as well as the SRT performance designation. The Company also distributes Mopar and Alfa Romeo parts and accessories. FCA US is building upon the historic foundations of Chrysler Corp., established in 1925 by industry visionary Walter P. Chrysler and Fabbrica Italiana Automobili Torino (F.I.A.T.), founded in Italy in 1899 by pioneering entrepreneurs, including Giovanni Agnelli. FCA US is a member of the Fiat Chrysler Automobiles N.V. (FCA) family of companies. (NYSE: FCAU/ MTA: FCA).
FCA is an international automotive group listed on the New York Stock Exchange under the symbol "FCAU" and on the Mercato Telematico Azionario under the symbol "FCA."
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