Jeep Named Top Domestic Brand in Kelley Blue Book's kbb.com 2010 Residual Value Study
Jeep brand boasts highest resale value among all domestic brands
Jeep brand resale value improves for 2010 as industry average declines
Jeep vehicles projected to retain nearly 36 percent of original retail price after five years of ownership-- more than 3 percent above industry average
Jeep one of only two brands in top 10 with improved resale value for 2010
"This achievement is a testament to the strength and heritage of the Jeep brand," said James Bell, Executive Market Analyst - Kelley Blue Book. "The word 'Jeep' has long stood for strength, portraying the vision of what a Jeep is, and what it can do. The Wrangler has, and continues to be the backbone of this marque, drawing a strong and loyal following, helping to maintain its value."
While eight of the brands in the study's top 10 declined versus their 2009 values-- with the industry average declining 1.6 percent-- the Jeep brand's resale value improved 2.8 percent for 2010.
"We are pleased that the Jeep brand has been recognized by Kelley Blue Book for earning the highest resale value among domestic brands, and that Jeep has improved significantly in a difficult year that has seen the industry decline," said Mike Manley, President and CEO-- Jeep Brand, Chrysler Group LLC. "The Jeep brand's high resale value is a testament to a legendary, iconic brand that provides consumers an array of SUVs that deliver a unique blend of freedom and adventure, capability, best-in-class claims and value."
To see the full article please visit:
http://www.chryslergroupllc.com/news/archive/2009/12/4/top_domestic_brand_kbb
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Labels: b, Boulder Jeep, Chrysler, Jeep Vehicles, Pollard Friendly Motor Company
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