The Dodge Challenger has received a 2016 TrueCar Pre-Owned Value Award in the ‘Sportscar’ category, recognizing it as the sportscar expected to retain the highest percentage of its original value over the next three years.
Only 2014 model year vehicles were eligible for ALG’s TrueCar Pre-Owned Value Awards, which spanned across 27 vehicle segments. The awards are determined “through careful study of used vehicle performance and forecasted future value driven by brand outlook, product competitiveness and other key metrics,” ALG says.
In the case of the Challenger, ALG expected it to retain a high percentage of its value due to its retro muscle car looks, spacious cabin and consistently updated technology.
“By offering an exciting driving experience and more interior space versus its competitors, the Dodge Challenger appeals to a broad base of consumers,” said TrueCar executive vice president Jim Nguyen. “The Challenger’s retro design combined with updated technology has not only been successful in the new car market, it’s allowed the Challenger to maintain a strong presence in the used market, resulting in high resale values.”
The Challenger represented the sole Fiat Chrysler vehicle included in TrueCar’s first-ever residual value awards. Toyota was rated the overall best brand for residual value, while Infiniti was rated the best luxury brand.