All of the models carried by Benna Chrysler, Dodge, Jeep®, and Ram are designed to provide value at purchase, throughout ownership, and when it is time for resale. Thus, we are happy to announce that the Chrysler, Dodge, Jeep®, and Ram brands all appear in the 12th annual Vincentric Best CPO Value in America Awards. The awards highlight vehicles that retain their value in the used vehicle market.
Vincentric is a data analysis firm for the automotive industry. Each year, they perform a cost of ownership analysis at the model level, from which comes the Vincentric Best CPO Value in America™ awards. Vincentric measures the cost of ownership using eight different cost factors:
- Depreciation
- Fees & taxes
- Financing
- Fuel
- Insurance
- Maintenance
- Opportunity cost
- Repairs
Based on their proprietary statistical model, winners are determined by evaluating which vehicles had lower-than-expected ownership costs, given their market segment and price. Each vehicle was evaluated in all 50 states plus Washington, DC, using a range of annual mileage intervals and insurance profiles.
Best CPO Value awards
The Jeep Wagoneer was awarded for having the Best CPO Value in America in the Luxury Large SUV category. Contributing factors include:
- Outperformed 9 Competitor Models
- 6.1% below expected ownership costs
For the second time, the Chrysler Voyager won the award for the Best CPO Value in America in the minivan category. Its contributing factors include:
- 3.8% below expected ownership costs
- Lowest Total Cost of Ownership in its Class
- Outperformed 4 Competitor Models
“We know consumers consider many factors when purchasing a vehicle, not just the initial cost, but also the overall cost to own, operate, and drive,” said Matt Thompson, Head of U.S. Retail Sales. “These awards are significant because they highlight a range of Stellantis vehicles that offer long-term value retention and peace of mind, from minivans to sedans, to commercial vans and full-size SUVs.”
Lowest Ownership Cost Recognition
With their data on ownership costs, Vincentric also recognizes models that have the lowest in their respective categories. As a result, they recognized these five models for having the lowest total cost of ownership in their class:
Chrysler 300 Sedan
- Ownership costs over $1,856 lower than the nearest competitor
- Outperformed two competitor models
- Chrysler Voyager minivan
- Ownership costs over $1,673 lower than the nearest competitor
- Outperformed four competitor models
Dodge Durango SUV
- Ownership costs over $1,673 lower than the nearest competitor
- Outperformed four competitor models
Ram ProMaster City Passenger Van
- Ownership costs over $1,186 lower than the nearest competitor
- Outperformed seven competitor models
Ram ProMaster City Commercial Van
- Ownership costs over $2,083 lower than the nearest competitor
- Outperformed two competitor models
While it is relatively easy to compare vehicle prices when shopping, comparing the overall cost of ownership is more challenging. Consequently, Vincentric’s work and its awards are valuable tools for anyone looking for a new or used vehicle. We invite you to check out all the Vincentric’s winners, at Benna CDJR.
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