AUBURN HILLS, Mich., Nov. 18, 2015 /PRNewswire/ --
- Two years in a row: Dodge Charger continues to be recognized with ALG's Residual Value Award (2015 and 2016)
- ALG Residual Value Awards recognize the vehicles and brands that stand out from the rest of the market by representing quality, long-term reliability and strong desirability
For the second time in two years, Dodge Charger has earned the Residual Value Award in the "Full-size Car" category from ALG, the industry benchmark for residual values and depreciation data.
For Dodge, it's not enough to design and engineer the 2016 Charger as the quickest, fastest and most powerful sedan in the world; nor is it enough to give it the segment's most innovative all-wheel-drive system for those that need maximum all-weather traction and fuel efficiency. Instead, Dodge continues to build on the brand's promise and deliver a lineup of Charger models with world-class power, efficiency, technology, authentic materials and standout styling - all to make America's only four-door muscle car one of the hottest and most desirable sedans available today.
"Striking a delicate balance between traditional sedan and muscle car, the Dodge Charger represents shifting trends in the full-size segment," says Eric Lyman, Vice President of Industry Insights for ALG. "A wide range of powertrain and comfort features ensures there is a perfect Charger for every personality from cruising in style to tearing up the pavement."
ALG recognizes 26 vehicles with segment awards, along with two brands representing the mainstream and premium sectors of the industry. This year's awards are based on 2016 model year vehicles. Award winners are determined through careful study of the competition in each segment, historical vehicle performance and industry trends. Vehicle quality, production levels relative to demand and pricing and marketing strategies represent key factors that impact ALG's residual value forecasts.
"The back-to-back ALG Residual Value Award is a testament to the entire Dodge team's commitment to designing and engineering America's most exciting performance sedan," said Tim Kuniskis, Head of Passenger Car Brands - Dodge, SRT, Chrysler and FIAT, FCA - North America. "This accolade also reinforces our position that customers want unique vehicles like the Dodge Charger, performance vehicles that break pattern from other sedans on the road."
The 2016 Charger lineup is now available at Dodge dealerships nationwide. As the most well-appointed entry Charger model ever, the 2016 Dodge Charger SE has a U.S. Manufacturer's Suggested Retail Price of $27,995. For customers who demand maximum all-weather traction, the Charger SE AWD model features the segment's most innovative all-wheel-drive system and has a starting MSRP of $30,245 (both prices exclude $995 destination).
About Dodge Charger
For 2016, the Dodge Charger lineup offers extensive performance-driven powertrains - the latest technology under the hood and behind the wheel - which builds on the brand's promise to deliver American performance machines with world-class power, efficiency, technology, authentic materials and standout styling.
The innovative TorqueFlite eight-speed automatic transmission is standard on every Dodge Charger model, everything from the SE, SXT, R/T, R/T Scat Pack and SRT 392 to the SRT Hellcat. The 2016 Charger also offers a full range of fuel-efficient and powerful engine options, including the award-winning 3.6-liter V-6 Pentastar engine, which delivers up to 31 miles per gallon (mpg) on SE and SXT models; the legendary 370-horsepower 5.7-liter HEMI® V-8 on the R/T; the 6.4-liter HEMI V-8, which punches out a best-in-class, naturally aspirated 485 horsepower and 475 lb.-ft. of torque in the SRT 392 and R/T Scat Pack models and the 6.2-liter supercharged HEMI Hellcat V-8 engine. The Charger Hellcat delivers the ultimate performance with 707 horsepower, 650 lb.-ft. of torque, a top speed of 204 miles per hour (mph), National Hot Rod Association (NHRA)-certified, quarter-mile elapsed time of 11.0 seconds on street tires and does 0-60 mph in 3.7 seconds - making it the quickest, fastest and most powerful sedan in the world.
Founded in 1964 and headquartered in Santa Monica, California, with an office in Toronto, Ontario, ALG is an authority on automotive residual value projections in North America. By analyzing nearly 2,500 vehicle trims each year to assess residual value - which is mainly driven by used car inventory, brand strength, macroeconomic conditions, incentive spending and pricing - ALG provides auto industry and financial services clients with resale insights, forecasts and consulting services about the future vehicle marketplace. ALG, owned by TrueCar, Inc., the negotiation-free car buying and selling platform, has been publishing residual values for all cars, trucks and SUVs in the U.S. for over 50 years and in Canada since 1981.
TrueCar, Inc. (NASDAQ: TRUE), the modern car-buying service, gives consumers transparent insight into what others paid and access to guaranteed savings off MSRP from TrueCar Certified Dealers. TrueCar's network of more than 10,000 trusted Certified Dealers is committed to providing upfront pricing information and a hassle-free buying experience, accessible through www.truecar.com and via the mobile app, for iOS and Android devices. TrueCar also powers car-buying programs for some of the largest U.S. membership and service organizations, including AARP, American Express, AAA, Sam's Club and USAA. Not all program features are available in all states. TrueCar is headquartered in Santa Monica, California, with offices in San Francisco and Austin, Texas. For more information, go to www.truecar.com. Follow us on Facebook or Twitter.
About Dodge Brand
The Dodge brand is America's mainstream performance brand. With the purification of the brand and consolidation with SRT, Dodge is getting back to its performance roots with every single model it offers. The Dodge and SRT brands offer a complete lineup of performance vehicles that stand out within their own segments. Dodge is the "mainstream performance" brand and SRT is positioned as the "ultimate performance" halo of the Dodge brand, together creating a complete and balanced performance brand with one vision and one voice.
From muscle cars to compact cars, minivans, crossovers and full-size SUVs, the Dodge brand's full lineup of 2015 models deliver best-in-class horsepower, class-exclusive technology, unmatched capability and a slew of cool features, such as LED headlamps, Dodge signature racetrack tail lamps, dual exhaust, 8.4-inch touchscreen infotainment centers and 7-inch thin-film transistor (TFT) customizable gauge clusters, to name a few. For the 2015 model year, customers will be able to drive the new 2015 Dodge Charger and Challenger, as well as the Dodge Challenger SRT Hellcat and Charger SRT Hellcat. The Dodge brand lineup also includes the 2015 Dodge Dart, Durango, Grand Caravan and Journey, including the new Crossroad model, and its flagship, the Dodge Viper.
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SOURCE FCA US LLC