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Posts tagged resale value

Should You Check the Accident Report?

Used Car Specials at All Star Dodge Ram near Fenton

When you go to buy a used car at All Star Dodge Ram near Fenton and you are looking through the inventory specials, you might have some questions about some of your favorite models on the lot. One question that we hear on a regular basis is whether or not you should look at the accident history report. This is up to you, of course! However, if you decide you might want to look at it, we wanted to let you know what you would be seeing, where these reports come from, and what they mean.

How do you get it? Using the vehicle identification number (VIN), you can get a detailed report of the car’s history from Carfax or AutoCheck. It’s a quick way to know if you should seriously consider buying this car.

What am I going to find out? Here is some of the important information you’ll learn:

    • Does this car have a clean title? If a car’s been in a serious accident, fire or flood, and was “totaled” by the insurance company (declared a total loss) it still might be driveable. However, the insurance company will issue a “salvage title” to alert future buyers. Steer clear of cars with a salvage title because it kills the resale value, and the car might still have hidden problems.
    • Serious accidents are reported to the insurance company and will probably be on the vehicle history report.
    • It’s nice to think the car you’re interested in was driven to church by a little old lady for its entire life. If you order the report, you’ll know for sure each time it changed hands.
    • Some reports show if required maintenance was done on time and where the work was performed.

We hope that you found this information to be helpful, now head to All Star and check out their selection of used car inventory specials!

Are You Considering Aftermarket Wheels?

Magnesium alloy wheel Purchasing a set of aftermarket wheels can add fun style and flair to new Chrysler cars near St. Louis.  But have you considered any of the draw backs that are associated with such a purchase?  Today, the parts team at All-Star Chrysler Dodge Jeep Ram will help you make the best choice about aftermarket wheels with the following tips.

The first thing you need to think about when considering aftermarket wheels is the size.  Wheel size can affect a vehicle in a number of ways.  For example, putting larger wheels on your vehicle can negatively impact the function of your transmission, engine, and wheel barrings.  Drivers who decide to put larger wheels on their vehicles can also experience a decrease in fuel economy.  On the other hand, if you are getting wheels that are the same size as your originals, these issues will be minor at best.

Next, think ride quality.  The wheels that come on your vehicle from the factory were make to optimize ride quality, so you will loose some of the quality when getting larger wheels.  Why does this happen?  This happens due to the smaller tire that will need to accompany a larger wheel.  If you are getting aftermarkets that aren’t larger, this again won’t be an issue.

Finally, take a look at the wheels you are considering and think resale value.  You may love the look that the larger wheel adds to the vehicle, but a future buyer may hate it. They may also think twice about the function of the car if they realize that the larger wheels may have caused some of the issue mentioned above.

If you are considering a set of aftermarket wheels for your Chrysler cars near St. Louis, be sure to visit the Certified Parts Dealer team at All-Star Chrysler Dodge Jeep Ram for the professional advice you need.

 

2015 Jeep Wrangler Honored With Best Resale Value Award From Kelley Blue Book

Best ValueOn January 23rd, it was announced that two FCA USA LLC vehicles had been honored with 2015 Best Resale Value Awards from Kelley Blue Book.  The two winners included the 2015 Jeep® Wrangler and 2015 Dodge Charger.  This year’s honor is the fourth consecutive time that the Jeep Wrangler has been named a Best Resale Value winner in its class.  It is also the fifth year in a row that the Wrangler had been placed on the Top 10 List that honors the top 10 winners overall.  According to Eric Ibara, director of residual value consulting for Kelley Blue Book, “The entire list of Top 10 Best Resale Value vehicles is dominated this year by trucks, SUVs and crossovers, which is a testament to the strength these categories will carry in the future.”

When Kelley Blue Book sets out to pick the vehicles that will be honored with Best Resale Value awards, it takes a number of factors into consideration.  To do this, the leading automotive pricing resource analyzes projections seen in it’s Kelley Blue Book® Official Residual Value Guide and then has it’s skilled staff make determinations as to what vehicles will hold the greatest portion of their value over the course of fives years.   This then gives buyers a good look at what their vehicle investment will be worth when the decide to sell or trade in the future.

At All-Star Chrysler Dodge Ram and Jeep dealership near St. Peters, the sales team wants to give area buyers the convenient service and low pricing they deserve.  Come by our fully stocked lot to take a look at all of the latest Saint Peters area Jeep dealer SUVs for sale today!  We promise to help you select the Jeep SUV that will not only meet all of your needs, but also performs and portrays the style you love!  Visit our Bridgeton showroom now!

2014 Dodge Ram Promaster Recognized by Edmunds.com

Best ValueOn June 19th, it was announced that the 2014 Ram Promaster, along with two other Chrysler Brand vehicles, was being recognized by Edmunds.com with a Best Retained Value Award.  The 2014 Promaster was the winner in the category of commercial van and was joined by the 2014 Jeep Wrangler in the compact SUV category, along with the 2014 Dodge Challenger in the category of midsize/large coupe.  According to Doug Betts, Senior Vice President – Quality, Chrysler Group LLC, “Chrysler Group is honored to accept these awards from Edmunds.com.  Great resale value reflects the strengthening of our brands and the improvements in the customer satisfaction and quality for these award winning products.”

Vehicles had to to meet three specific eligibility requirements to be considered for the Best Retained Value honor.  These qualification standard included:

  • The vehicle had to be a 2014 model that was launched prior to the end of 2013.
  • Edmunds.com had to have a minimum of three months in True Market Value data.
  • The vehicle had to had February unit sales numbers that totaled at least 20 percent of the average unit sales for the models in its segment.

To make a decision regarding the segment category for each competing vehicle, Edmunds.com took a number of factors into consideration including the vehicle’s body type, the vehicle’s size within it’s body type distinction, and whether the vehicle would be considered in a luxury or non-luxury class.

For the 2014 model year, the 2014 Dodge Ram ProMaster for sale near North County is a great choice for commercial customers.  This full-size van offers buyers the segment-leading features they want with a purpose-driven design and functionality.  Don’t delay the purchase of a 2014 ProMaster any longer.  Contact your North County area new Dodge Ram dealership to get full details now.

2014 Dodge Challenger Wins Edmunds.com Best Retained Value Award

Great Value Thumbs Up On June 19th, it was announced that three Chrysler vehicles had been honored with Best Retained Value Awards from Edmunds.com.  This impressive list included the 2014 Dodge Challenger as winner in the midsize/large coupe catgory, the 2014 Jeep Wrangler in the compact SUV category, and the 2014 Ram ProMaster in the commercial van category. According to Doug Betts, Senior Vice President – Quality, Chrysler Group LLC, “Chrysler Group is honored to accept these awards from Edmunds.com.  Great resale value reflects the strengthening of our brands and the improvements in the customer satisfaction and quality for these award winning products.”

To be eligible for this year’s Best Retained Value Awards, a vehicle had to meet three criteria:

  • It had to have been launched by the end of 2013.
  • Edmunds had to have at lease three month of True Market Value data on the vehicle.
  • And “those that had unit sales in February 2014 that were at least 20 percent of the average unit sales for the models in its segment,” as indicated by Edmunds.com.

Drivers continue to be delighted by the 2014 Dodge Challenger thanks to it’s iconic muscle-car design, powerful engine, fuel efficiency, and abundance of personalization options.  For the 2014 model year, buyers can choose from nine unique models stating at $26,495 MSRP.  True power enthusiasts are especially impressed by models like the 2014 Challenger R/T Shaker that delivers up to 375 horsepower and an abundance of heritage-inspired features.

All-Star Chrysler Dodge Jeep Ram is always excited to offer the best new Chrysler cars inventory near Arnold!  Don’t miss out on your chance to get your very own 2014 Dodge Challenger by visiting our Arnold area new Chrysler cars dealership today.  Our team will connect you with the perfect Chrylser, Dodge, Jeep, or Ram and even offer guaranteed financing.  There’s really not reason to go anywhere else!

 

2014 Dodge Challenger Honored with Best Resale Value Award from Kelly Blue Book!

Oakville Area New Dodge Cars InventoryOn November 18th, Kelly Blue Book announced it’s Best Resale Value Award recipients and the 2014 Dodge Challenger earned a spot on top coming in on the 10 list!  This the Challenger’s first time on the list thanks largely to it’s record setting month-over-month sales numbers.  “New to this year’s list is the Dodge Challenger, which heavily contributes to Dodge’s success for the 2014 model year, along with other strong vehicles from the brand,” according to the director of residual consulting for Kelley Blue Book, Eric Ibara.

Kelly Blue Book’s KBB.com Best Resale Value Awards name vehicles that are expected to maintain the largest amount of their original purchase price over a period of five years. According to KBB.com’s projections, the 2014 Challenger will retain 60.8% of it’s value after 36 months of ownership and 50.0% of it’s value after 60 months of ownership.  These numbers are calculated by Kelly Blue Book’s skilled staff of automotive analysts.  It is also important to note that vehicles names in the top 10 will hold their value better than 95% of all other new vehicles available this year.

Also named to this year’s list is Chrysler Group LLC’s 2014 Jeep Wrangler.  This is the third consecutive year that the Wrangler has made the top 10 list and the fourth year in a row that it has been named with Best Resale Value in it’s class.  According to KBB’s Eric Ibara, “Jeep continues to dominate in its segment and among the top 10 list, increasing its residual value 3.9 percentage points from just last year.”

You can get an up-close look a both of these vehicles by visiting All-Star Dodge, Chrysler, Jeep, and Ram!  At All-Star we have the largest Oakville Area Dodge Cars sales department along with the largest selection of Jeep vehicles in St Louis.  Visit us to take your favorite for a test drive today!

Jeep Wrangler Wins KBB’s Best Resale Value Awards

new Jeep Dealer near JerseyvilleAll Star Dodge new Jeep Dealer near Jerseyville  is pleased to announce that Sergio Marchionne, Chrysler’s CEO, confirmed that the Jeep Wrangler would never be produced in any area outside of Toledo Ohio, stating; “These are things that are unthinkable — to assemble a Wrangler somewhere else.”

The statement was made in response to Jeep CEO Mike Manley who said that Chrysler was considering the production of the Jeep Patriot, Compass or Wrangler in China.

Jeep has won multiple awards this year, including two “Best Resale Value” awards from Kelley Blue Book’s kbb.com. The 2012 Jeep Wrangler is Number 1 in the Top 10 cars with Best Resale Value. This is the 2nd consecutive year that Jeep has been named Best Resale Value in its class with the Wrangler retaining an estimated 68% of its original price in 3 years and 55% after 5 years.

“Jeep had one of the better year-over-year improvements with a 4.1 percentage point gain in its 60-month residual value for 2012,” said Eric Ibara, director of residual value consulting for Kelley Blue Book. “Particularly the Wrangler, among this year’s top-10 list, has been a steady performer, consistently racking up high values. For example, the 2007 model has yet to dip below 60 percent of MSRP as a 5-year-old vehicle. Each succeeding model year has managed to maintain that same high level of performance.”

The KBB Best Resale Value Awards use the Kelley Book official Residual Value Guide to select winners.  The figures are estimated by automotive analysts who are experts in their field.

“In the last 18 months, we have completely updated the entire Jeep vehicle lineup, highlighted by the introduction of an all-new Grand Cherokee, as well as a new, more fuel-efficient and powerful Jeep Wrangler” said Mike Manley, President and CEO – Jeep Brand, Chrysler Group LLC. “The result has been increased showroom traffic, a 44-percent improvement in sales so far this year, and increased residual values for our vehicles. We are delighted that Kelley Blue Book’s kbb.com has recognized the Jeep brand’s improvements and particularly these two awards for the Wrangler.”

Maintain Your Truck’s Resale Value

With the average driver putting around 12,000 to 15,000 miles per year on their automobiles, that means that a new truck  is likely to have anywhere from 36,000 to 90,000 miles on the odometer when the note finally gets paid off. It takes just a bit effort on part of an owner to ensure that the vehicle is in excellent all around condition when it comes time to sell or to trade in the truck. Here are some simple ways to maximize the residual value of your vehicle.

Go out of your way to keep it clean. A clean truck indicates that the owner went the extra mile to maintain it. One could easily assume that it has also been well maintained, and they would most likely be correct in that assumption. For those drivers that live in colder climates, this may mean weekly or even bi-weekly runs though the car wash to spray off the salt and the sand.

If at all possible shelter you vehicle. Keep the vehicle out of the elements as much as possible. Store it in a temperature controlled environment. In doing so, you lessen the exposure to rust initiating weather and paint fading sunrays. Also, keep up with the required and recommended service tasks. Make sure to have all service completed on time, according to your vehicle’s auto service manual, or to coincide with factory recommendations. Be diligent in maintaining service records as proof available to future owners.

Finally, to preserve your truck’s resale value, minimize the amount of miles that you rack up. This may mean renting vehicles for long road trips. If you factor in depreciation savings, you’ll get a good portion of the rental expense back when you part with your own vehicle.

All Star Dodge in Missouri prides itself on providing information that may be useful to automotive enthusiasts. They invite you to come take a look at a new or used Dodge Ram from their wide selection of Ram pickups presently available.