New autos are dearer than ever. There’s one exception, although: The Jeep Grand Cherokee. In a shocking transfer, Jeep has taken a huge purple pen to the underside line of most Grand Cherokee trim ranges for 2024. You’ll be able to count on a $2,000 year-over-year value drop on low and midrange trims, a $3,500 low cost for Restricted, and a $4,000 minimize for the Summit trim. Step as much as the range-topping Summit Reserve and the value drop is even bigger: $4,595.
Meaning the most costly Grand Cherokee trim now has a beginning value beneath $70,000, even after the $1,795 vacation spot cost. It is price mentioning the identical value minimize applies to the three-row Summit Reserve, although it clocks in a couple of dollars over $70,000. The worth cuts apply to three-row fashions all through the lineup, in addition to these with a selection of two-wheel or four-wheel drive. The one Grand Cherokee trims not packing a value drop are the entry-level Laredo A, and the hybrid 4xe variations.
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This is a value breakdown of 2024 Grand Cherokee fashions (excluding 4xe) and the year-over-year value modifications. All costs embody Jeep’s $1,795 vacation spot cost and denote a 2WD, two-row mannequin except in any other case famous. Overland and Summit trims are solely supplied with 4WD for 2024, so we use 2023 4WD pricing to have an apples-to-apples comparability. Past that, Add $2,000 for 4WD and one other $2,000 for a three-row Grand Cherokee L. Go for the Laredo trim and you may solely need to pay $1,750 to get an additional row.
We contacted Jeep to ask in regards to the important value minimize, a stark distinction to typical year-over-year value modifications, which often improve relatively than lower. An organization spokesperson supplied this assertion from Jeep CEO William Peffer:
“We all know customers are grappling with the rising prices of inflation. In response, the Jeep model is taking the chance so as to add content material and worth to its award-winning lineup, whereas on the identical time rolling again beginning US MSRPs on a few of our hottest fashions, just like the 2024 Jeep Grand Cherokee. On the Jeep model, we’ll proceed to attempt to ship the most effective, most succesful SUVs and pickups to our prospects.”