February 5, 2014 , Auburn Hills, Mich. – Kelley Blue Book’s KBB.com has named the 2014 Jeep® Patriot and the 2014 Dodge Grand Caravan winners of its 5-Year Cost to Own Award.
For a second consecutive year, the Jeep Patriot has the lowest 5-Year Cost to Own in the compact SUV/crossover category, while the Dodge Grand Caravan has the lowest 5-Year Cost to Own in the minivan/van segment.
“Chrysler Group is honored that Kelley Blue Book has named the 2014 Jeep Patriot and 2014 Dodge Grand Caravan winners of its 5-Year Cost to Own Awards,” said Reid Bigland, Head of U.S. Sales, Chrysler Group LLC. “These awards recognize our commitment to producing quality and reliable vehicles that customers love, while providing great value throughout the ownership experience.”
The 5-Year Cost to Own Awards honors the vehicles and brands with the lowest projected ownership costs, based on Kelley Blue Book’s 5-Year Cost to Own data for new cars for the initial five-year ownership period. Kelley Blue Book calculates total ownership costs for new vehicles by applying a sophisticated valuation methodology along with critical financial data from third-party providers.