Dodge Charger Wins Residual Value Award
For the fifth year in a row, the Dodge Charger received the ALG Residual Value Award, indicating that Fiat Chrysler Automobiles (FCA) is an automaker dedicated to manufacturing quality vehicles intended to last. With the 2018 model chosen as a segment leader, the Dodge Charger continues its lengthy winning streak in the full-size segment.
The Dodge Charger is considered to be the only four-door muscle car in the market, and with nine different trims to choose from, it’s not hard to see why it repeatedly earns the Residual Value Award year after year. Its spacious interior, beefy exterior, power, performance, and price were all considered before the car was given the award.
Eric Lyman, senior VP of ALG said: “As a niche player in the segment, the Dodge Charger offers the best of both worlds with the comfort of a full-size sedan and the power of a muscle car. High performance offered at an affordable price-point leads the Charge to sweep the full-size segment and take home its fifth consecutive Residual Value Award.” This isn’t even the first residual value award for the Charger this year as it picked up an award for high projected resale value from Edmunds as well. It was one of the only two American vehicles to pick up said honor.
Even though market demand for sedans has declined in recent years thanks to the ongoing rise of SUVs and crossovers, the Charger is holding strong with over 72,000 units through November (2018). In fact, the Charger also saw a 20 percent jump in sales this past November (2018), and Tim Kuniskis (new Head of Jeep but used to previously oversee all FCA brands in North America) thinks he’s onto the secret as to why the Charger is a success.
In a recent interview at the 2018 LA Auto Show Kuniskis said: “This is my personal opinion, this isn’t the industry opinion, it’s the Tim opinion, but the Tim opinion is that cars that will still survive are the cars that have a very unique positioning. Performance cars and cars that have a lot of personality that aren’t commoditized and selling on price.” Kuniskis is right and the brand continues to make small changes model year after model year to keep the Charger fresh and unique – striving to maintain its personality despite the fact that it hasn’t had a major overhaul since 2011.
The 2018 Charger model comes in nine trims – all powered by a scattering of four different engines and paired with a TorqueFlight eight-speed automatic transmission. SXT, SXT Plus, GT, and GT Plus trims are the lower-tier trims that offer a classic 3.6-liter V6 Pentastar engine under the hood capable of generating 292 horsepower and 260 lb-ft of torque (SXT and SXT Plus) and 300 horsepower and 264 lb-ft of torque on the GT AWD and GT Plus AWD. R/T and Daytona trims are powered by a 5.7-liter HEMI V8 engine capable of 370 horsepower and 395 lb-ft of torque, while the remaining R/T Scat Pack, Daytona 392 are all powered by an even larger 6.4-liter HEMI V8 that cranks 485 horsepower and 475 lb-ft of torque, while the SRT Hellcat trim is in a league of its own: a Supercharged 6.2-liter HEMI SRT Hellcat V8 engine that generates 707 horsepower and 650 lb-ft of torque.
Ready to get behind the wheel of the latest Charger? Check out the newest Charger inventory here at University Dodge. If you’ve already got a Charger check out how Mopar can help you treat your vehicle or a loved one’s vehicle to a few presents this holiday season.