Land Rover Best for Residual Value in 2023 J.D. Power Awards (2024)
Range Rover Velar, Discovery, and Range Rover Evoque all won Model-Level Residual Value Awards for 2023 from the J.D. Power Awards - meaning they are the most likely vehicles to hold the highest percentage of their MSRP value after three years. But you need to take the good with the bad... In what has become a self-deprecating running joke among passionate Land Rover owners, the brand has once again taken the bottom spot in the JD Power Dependability Study, with 273 issues per 100 vehicles, continuing a decades-long record of being at or near the bottom of the list.
Land Rover fares differently in this year's study from the most dependable brand in America, Lexus, which has a scant 133 issues per 100 vehicles – half as many as Land Rover. That said, they also live amongst august company in the basem*nt of dependability, with iconic luxury brands Lincoln (259 issues), Audi (252), and Mercedes-Benz (240). Joining these icons of luxe is Ford, whose 249 issues are a massive drop from last year – which may be in part due to extensive build quality issues with the new Bronco, including major issues with hard-top roofs delaminating.
If you’re looking for reliability, you can look to the top five brands for it. Lexus, Genesis, Kia, Buick, and Chevrolet top the list. The most reliable vehicles overall were the Lexus RX and Toyota C-HR, both crossovers.
Many of the issues come from issues like infotainment systems and component replacement, which includes things like exterior light bulbs and key fob batteries. Infotainment issues often involve Android Auto and Apple CarPlay connectivity issues (5.5 problems per 100, “PP100”), voice recognition issues (7.2 PP100), Bluetooth issues (4.0 PP100), difficult-to-use touchscreens (4.0 PP100), and outdated and inaccurate navigation maps (3.3 PP100).
Land Rover’s PP100 number has jumped around over the years, even as they have always been at or near the bottom. In 2008, Land Rover scored at 344 PP100, behind second-to-last (and long since out of the American market) Suzuki at 302 and Kia at 278. Land Rovers from this era are now considered some of the most durable modern vehicles, with the LR3, Range Rover Sport, and Range Rover of the era running the 4.4 or 4.2 Supercharged AJ-V8 considered the gold standard of modern longevity and durability.
One can be cynical about what these ratings mean – certainly decades of Land Rover enthusiasm has made me so – but you also have to look at other JD Power rankings like the Residual Value ranking and understand that resale value matters as well. The Rover "Residual Value" award-winning models rank with other luxury marrque vehicles from the bottom of the durability pile, like the Mercedes AMG GT and Audi A6 Allroad.
The moral of it all? If you like your car, you’ll put up with a locked-up touchscreen or Bluetooth misconnect. Land Rover’s sales and backorder list suggest that plenty of people aren’t concerned about what JD Power says, as they remain one of the most desirable automotive marques.
Get the ROVERLOG Newsletter Delivered to your inbox
The Velar name was derived from the Italian "velare" meaning to veil or to cover. Range Rover development engineer Geof Miller used the name as a decoy for registering pre-production Range Rovers.
The Land Rover Range Rover Evoque, also known as the Range Rover Evoque, is a subcompact luxury crossover SUV developed and produced by Jaguar Land Rover under their Land Rover marque.
https://en.wikipedia.org › wiki › Range_Rover_Evoque
all won Model-Level Residual Value Awards for 2023 from the J.D. Power Awards - meaning they are the most likely vehicles to hold the highest percentage of their MSRP value after three years.
What is the rove with the best resale value? The Land Rover Range Rover Evoque Convertible has the best resale value among Land Rover models, which retains 55.9% of its value after the first 5 years. Following the Range Rover Evoque Convertible is the Land Rover Range Rover Evoque with 52.4% resale value.
Land Rover Defender. Combining the timeless style of classic Defenders with modern technology and features, this is one of the best Land Rover models out there. ...
It's big, it's heavy and it's luxury unlike any other vehicle. Unfortunately, when it goes wrong, it goes wrong fast. And when it does go wrong, it's expensive to fix.
LAND ROVER RANGE ROVER. Renowned for its exquisite craftsmanship, unrivalled comfort, and unparalleled performance, the RANGE ROVER stands as the pinnacle of the brand. ...
You can expect Range Rover maintenance costs to increase significantly about five to six years after their production year. Typically, the sport version will cost a little bit more. Expect to pay around $5,000 per year for maintenance costs and nearly $4,500 in repairs.
The 2023 Dependability ratings and awards measure reliability based on the responses from more than 80,000 verified owners of 3-year-old vehicles annually. This rating focuses on the type and number of problems owners experienced during the preceding 12 months with their 3-year-old vehicle.
Toyota doesn't just have the best-selling sedan, it also has the best-selling compact car. And Corolla sales were up 4.6 percent through 2023 despite the current model being several years old and due for an update.
The company's newest and most luxurious models, such as the full-size Range Rover and the mighty Defender, generally retain a reasonable amount of their value.
If you service your Land Rover regularly, chances are you'll have a reliable car for a long while. If you're looking to make bang for your buck and resell for a newer model, Land Rover may not be the best luxury SUV investment. Land Rovers with a good service history will often fetch a higher resale price.
A Land Rover Range Rover will depreciate 56% after 5 years and have a 5 year resale value of $57,623. When you buy a Range Rover, new or used, expect to lose A LOT of money. If you have to have one, and you have a big bank account, well, don't hold back.
The Range Rover is Land Rover's priciest model and also by far the most dependable. Only 14% of owners reported issues with the previous-generation, 2013-2022 Range Rover – all relating to non-engine electrical systems.
When looking for a reliable Range Rover, it is essential to consider the model year. The early models may not be the best choice due to their numerous issues. The mid-2000s models show improvement but still have some problems. The late 2000s and early 2010s models offer better reliability and performance.
The Jeep Wrangler Unlimited ranks #1 for the best resale value midsize SUVs (76.3% 5-yr resale value). The best resale value large SUV is the Toyota Land Cruiser (63.8% 5-yr resale value) and the best resale value crossover SUV is the Subaru Crosstrek (73% 5-yr resale value).
Address: 2865 Kasha Unions, West Corrinne, AK 05708-1071
Phone: +3512198379449
Job: Design Planner
Hobby: Graffiti, Foreign language learning, Gambling, Metalworking, Rowing, Sculling, Sewing
Introduction: My name is Dong Thiel, I am a brainy, happy, tasty, lively, splendid, talented, cooperative person who loves writing and wants to share my knowledge and understanding with you.
We notice you're using an ad blocker
Without advertising income, we can't keep making this site awesome for you.
