J.D. Power Honors Best Resale Value for Mass Market and Luxury Automotive Brands
Lexus Earns the Most Awards for Best Resale Value
COSTA MESA, Calif., Aug. 22, 2018 /PRNewswire/ -- J.D. Power continues to turn robust insights into easily digestible information for consumers. The 2018 J.D. Power Resale Value Awards were presented to automotive manufacturers today, recognizing the best resale value across 24 model-level vehicle segments.
"This marks the first time J.D. Power is utilizing our transaction database of customer insights to recognize brands and models with the best resale value," said Jonathan Banks, Vice President of Vehicle Valuations & Analytics at J.D. Power. "We conducted this analysis to provide consumers with a resource that informs them of the depreciation cost they incur when purchasing a new vehicle, thus providing insight on the value of their purchase."
Model-Level Resale Value Awards
The brand receiving the most model-level awards is Lexus (five model-level awards), followed by Honda and Toyota with four model-level awards each. The RAM 3500 also has the best resale value in the industry.
- Lexus: Lexus IS; Lexus NX; Lexus LS; Lexus GS; and Lexus GX
- Honda: Honda Civic; Honda Accord; Honda Odyssey; and Honda Fit
- Toyota: Toyota Tundra; Toyota Tacoma; Toyota 4Runner; and Toyota Sienna
- Porsche: Porsche Cayman; Porsche Boxster; and Porsche 911
- Subaru: Subaru WRX and Subaru Crosstrek
- Dodge: Dodge Charger and Dodge Challenger
Other models that rank highest in their respective segments are Acura ILX, Audi Q3, Cadillac Escalade, Chevrolet Tahoe, Jeep Wrangler, Land Rover LR4, and RAM 3500.
For the 2018 award process, 244 vehicle models were evaluated using a sample of over 650,000 transactions with an average of 3,500 data points assessed on each vehicle. The award selection process utilizes used vehicle wholesale prices, which represent how much a dealer buys a used vehicle for. These prices are then divided by the vehicle's original purchase price. These calculations are based on wholesale records from January through June 2018 for vehicles that are three years old. For the 2018 calculation, 2015 is the applicable model year.
J.D. Power is a global leader in consumer insights, advisory services and data and analytics. These capabilities enable J.D. Power to help its clients drive customer satisfaction, growth and profitability. Established in 1968, J.D. Power is headquartered in Costa Mesa, Calif., and has offices serving North/South America, Asia Pacific and Europe. J.D. Power is a portfolio company of XIO Group, a global alternative investments and private equity firm headquartered in London, and is led by its four founders: Athene Li, Joseph Pacini, Murphy Qiao and Carsten Geyer.
Media Relations Contact
Geno Effler; Costa Mesa, Calif.; 714-621-6224; [email protected]
About J.D. Power and Advertising/Promotional Rules:
www.jdpower.com/business/about-us/press-release-info
SOURCE J.D. Power
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