The 2024 Jeep Wrangler Boasts a Compelling Resale Value

Photo Source: Jeep

As it turns out, five-year depreciation is close to reaching record figures. To that end, there are models that lose their value drastically over other ones across a five-year period. The experts at iSeeCars carried out an analysis of three and five-year-old vehicles to determine which automobiles depreciate rapidly and which ones hold their value well. According to their reports, a five-year-old vehicle is just 33.3 percent cheaper than its manufacturer’s suggested retail price (MSRP). For example, the 2024 Jeep Wrangler is an immensely popular SUV in the United States. This article delves into the reasons why customers will not regret buying this Jeep in five years. 

Will the 2024 Jeep Wrangler Hold its Value?

Of all the vehicles listed, it is the Jeep Wrangler that holds its value exceedingly well over five years of owning one, losing out on a shade under 7.3 percent of its value. For anyone purchasing a Jeep Wrangler in the 2024 model year, such figures indicate a remarkably encouraging result. 

The Jeep Wrangler Unlimited dips a bit more at 8.7 percent. That said, the Wrangler and Wrangler Unlimited nabbed the top two spots on the list of “vehicles with the lowest five-year depreciation.” The Wrangler undoubtedly stands out, giving customers a stronger reason to buy one at this point (2024). 

The Jeep Wrangler SUV’s timeless and legendary design aesthetic has not aged, despite the vehicle retaining its traditional style. It is favored for being unmatched when it comes to off-roading prowess, and it is also one of the most highly esteemed vehicles to offer shoppers the best resale value. 

The 2024 Jeep Wrangler is a Robust 4×4

Admittedly, there are not too many SUVs that are more talented off-road than a Jeep Wrangler. Be it driving down the beachside or simply tackling a treacherous trail, the Wrangler is not frightened. Some enthusiasts might scoff and claim that the Jeep Wrangler has not changed in terms of how it looks, but in truth, the brawny automobile has evolved in numerous other ways, providing better usability and more creature comforts than ever before. 

Wrangler enthusiasts are spoiled for options when it comes to the number of engines to choose from. Be it power, fuel efficiency, or a combination of both, the Wrangler possesses something for everyone. If fuel economy is a priority, then the Wrangler 4xe is where consumers should be looking. It is motivated by a turbocharged four-cylinder engine and a plug-in hybrid system. 

Moreover, it churns a combined output of 375 horsepower and 22 miles of range on electric power alone after a full battery charge. It is worth noting that recharging as frequently as possible can help save on gasoline, but after the battery is depleted, the 4xe hybrid generates 20 miles per gallon, and the Wrangler automobile’s V-6 engine is capable of more or less the same figure.

If power holds greater significance, then consider the Wrangler Rubicon 392. This year (2024) marks the last for the V-8-powered Rubicon 392, capped by a lineup-topping Final Edition trim. The Wrangler Rubicon 392 will indeed be a future classic. As mentioned, Jeep vehicles, particularly those with the Wrangler nameplate, hold value better than multiple other cars on the market, and the limited nature of the 392 power plant will only add to that. Any Final Edition trims that go up for auction a few years from now will likely only go up in value.

It is Worth the Trip to Cape Coral Chrysler Dodge Jeep Ram for a 2024 Jeep Wrangler!

The 2024 Jeep Wrangler is priced extremely competitively for all it offers compared to rivals such as the costlier and technologically-laden Land Rover Defender. Despite the growing competition, the Wrangler cannot be compared to what it provides. If the overall value of the Wrangler has captured your attention, please come visit Cape Coral Chrysler Dodge Jeep Ram. Are you excited about getting a new car? So are we. We are more than excited to help our customers; we are thrilled. If you are searching for a new option to buy or lease, take a look at our new vehicle inventory.