Kelley Blue book today awarded the Jeep Wrangler Unlimited and Dodge Grand Caravan winners of its 5-Year Cost to Own Awards in each of the vehicles’ respective segments. The 5-Year Cost to Own Awards are intended to honour vehicles and brands with the lowest projected ownership costs and are based on KBB’s data for new cars.
The Wrangler Unlimited was named the winner of the 5-Year Cost to Own award in the Mid-size SUV/Crossover category for the second consecutive year, while the Dodge Grand Caravan took the award in the van segment for the second time in three years. KBB takes into consideration depreciation, expected fuel costs, finance and insurance fees, maintenance and repair costs, and state fees when deciding on the awards.
“The Jeep Wrangler remains one of the most iconic American vehicles, and its legendary status is reflected in, among other things, its stellar 5-Year Cost to Own results,” said Jack Nerad, executive editorial director and executive market analyst. “Americans love Wranglers, and that love affair is aided and abetted by its ‘smart buy’ status with low depreciation and maintenance costs.”
“The original minivan, the Dodge Grand Caravan, remains the champ in 5-Year Cost to Own by essentially running the table on the key ownership cost attributes,” Nerad added. “It costs less to buy; it is less costly to maintain, and it depreciates less rapidly than its minivan competitors. Plus, it offers a variety of creature comforts unmatched by others in its segment.”
Click here to view all the winners fro the 2016 Kelley Blue Book 5-Year Cost to Own Awards.