What’s Happening: The Jeep Wrangler 4xe has secured the Canadian Black Book’s (CBB) 2023 Residual Value Award in the plug-in hybrid electric vehicle (PHEV) category. This marks the second year of CBB’s Best Residual Value Awards and the first time the organization has ranked PHEV models.
Why It Matters: The awards evaluate a vehicle’s future value, acknowledging those expected to retain the largest percentage of their manufacturer’s suggested retail price (MSRP) 48 months after the original purchase date. The Best Residual Value Awards supplement CBB’s long-running Best Retained Value Awards, in which the Jeep Wrangler has consistently performed well.
Key Points:
- Jason Stoicevich, president – Canada, Stellantis, expressed pride in the latest recognition for the Jeep Wrangler 4xe, highlighting the vehicle’s role in the brand’s Zero Emission Freedom mission.
- The Wrangler 4xe is the first electrified Jeep Wrangler, featuring a 2.0-litre turbocharged inline four-cylinder engine integrated with two electric motors and a 400-volt battery pack.
- The vehicle boasts up to 35 kilometers of all-electric range, average fuel economy of up to 4.8 Le/100 km, instant torque, and near-silent off-roading capabilities.
- The Jeep Wrangler 4xe has secured its position as the number-one selling PHEV in both Canada and the United States, reflecting its popularity and desirability among consumers.
Bottom Line: The Jeep Wrangler 4xe’s win in the Canadian Black Book’s 2023 Residual Value Award in the PHEV category underscores its exceptional value retention and appeal. As the first electrified Jeep Wrangler, this vehicle demonstrates that electrification enhances the capability and desirability of the iconic vehicle, aligning with Jeep’s Zero Emission Freedom mission. The model’s success in Canada and the U.S. as the top-selling PHEV further cements its status as a leading contender in the plug-in hybrid market.
