Skip to main content

JD Power Says Jeep Wagoneer Will Hold its Value the Best Among Large SUVS

JD Power is out with its Best Residual Value Awards and the Jeep Wagoneer tops the field of big luxury SUVs. The new rating is a big deal in the highly competitive big SUV market.


J.D. Power says the recently re-introduced Jeep Wagoneer is the best Large SUV when it comes to holding its value. The Residual Value Award is huge in an industry where large vehicles are close to $100,000 and above. Buyers who are looking for value want a vehicle that will be worth something when it comes time to sell or trade-in.

“Wagoneer is a breakthrough vehicle if ever there was one,” said Jim Morrison, senior vice president and head of Jeep® brand North America. “The market was waiting for a product with its unique blend of prestige, capability and comfort. Like the original, Wagoneer has filled a significant void, and it’s done so with genuine flair, demonstrating our commitment to redefining American premium and a unique customer experience.”

Award-Winning 2022 Jeep Wagoneer

When Jeep introduced the all-new Jeep Wagoneer, it loaded the premium vehicle with all sorts of technology and luxury appointments. The Wagoneer interior features up to 50 inches of total screen surface, available Amazon Fire TV Built-In and McIntosh audio system.

Jeep brought back the Wagoneer and Grand Wagoneer as three-row eight-passenger vehicles, giving the traditional Jeep lovers a vehicle that they and their families could grow into. Especially during Covid, families sought larger and more premium SUVs for family vacations. Many seem more like rolling living rooms, than mere transportation. Jeep wasn’t even a player in that segment until it brought back the re-imagined Wagoneer. Plus, the Wagoneer has Jeep’s legendary off-road capability.

J.D. Power 2023 U.S. ALG Residual Value Awards

“Cutting-edge technology and refinement paired with Jeep heritage and capability places the Wagoneer atop the highly competitive large SUV segment for the 2023 Residual Value Awards,” said Eric Lyman, Vice President ALG.

The U.S. ALG Residual Value Awards are the automotive industry standard in recognizing vehicle models projected to hold the highest percentage of their manufacturer’s suggested retail price following a three-year period of ownership. This value retention is a key variable in the lease cost of a vehicle, underscoring an automaker’s success in the areas of long-term quality and design, as well as the overall desirability of automotive brands and their models. A variety of factors go into figuring a vehicle’s residual value. Wear and tear and mileage are just two of the major factors.

2023 Jeep Wagoneer

New for 2023, the Wagoneer debuts a dynamic new engine. The 420-horsepower Hurricane Twin Turbo I-6 will be standard equipment in the Wagoneer Series II and Wagoneer Series III. The Hurricane Twin Turbo kicks out 468 lb.-ft. of torque. The new engine means that the Wagoneer will retain its best-in-class towing of up to 10,000 pounds.

The Jeep Wagoneer has already received a number of awards including Best Interior and Best New Features (for the Hurricane Twin Turbo) at the Texas Truck Rodeo. Newsweek has given top honors to the Jeep brand for having the ‘Best SUV Lineup’ in 2021. Newsweek gives the all-new 2022 Jeep Wagoneer the title of Best Full-Size SUV. The three-row Wagoneer and its Grand Wagoneer sibling have best-in-class overall passenger volume, total volume, third-row headroom, and second- and third-row legroom.

Jeep Photo

Mary Conway is a professional automotive journalist and has decades of experience specializing in automotive news analysis. She covered the Detroit Three for more than twenty years for the ABC affiliate, in Detroit. Her affection for the Motor City comes naturally. Her father ran a gas station while Mary was growing up, in Wisconsin.

Follow Mary Conway at @maryconwaymedia and send her car news tips for future stories.