- For a second consecutive year, Jeep® Wrangler Unlimited earns lowest 5-Year Cost to Own Award in Mid-size SUV/Crossover category
- 2016 Dodge Grand Caravan earns 5-Year Cost to Own Award in minivan/van category for the second time in three years
- Awards honor vehicles with the lowest projected ownership costs for the first five years of ownership
Kelley Blue Book’s KBB.com has named the 2016 Jeep® Wrangler Unlimited and the 2016 Dodge Grand Caravan winners of its 5-Year Cost to Own Awards.
For a second consecutive year, the Jeep Wrangler Unlimited has been named the winner of the lowest 5-Year Cost to Own award in the Mid-size SUV/Crossover category, while the Dodge Grand Caravan has earned the 5-Year Cost to Own award in the minivan/van segment for the second time in three years.
The 2016 5-Year Cost to Own Awards honor the vehicles and brands (luxury and non-luxury) with the lowest projected ownership costs, based on Kelley Blue Book’s 5-Year Cost to Own data for new cars for the initial five-year ownership period.
“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.”
When considering its 5-Year Cost to Own Awards, Kelley Blue Book’s KBB.com takes into consideration depreciation, expected fuel costs, finance and insurance fees, maintenance and repair costs, and state fees for all new models.