New automobiles 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 worth drop on low and midrange trims, a $3,500 low cost for Restricted, and at $4,000 reduce for the Summit trim. Step as much as the range-topping Summit Reserve and the worth drop is even bigger: $4,595.
Which means the most costly Grand Cherokee trim now has a beginning worth underneath $70,000, even after the $1,795 vacation spot cost. It is price mentioning the identical worth reduce applies to the three-row Summit Reserve, although it clocks in a couple of bucks over $70,000. The value cuts apply to three-row fashions all through the lineup, in addition to these with a alternative of two-wheel or four-wheel drive. The one Grand Cherokee trims not packing a worth drop are the entry-level Laredo A, and the hybrid 4xe variations.
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This is a worth breakdown of 2024 Grand Cherokee fashions (excluding 4xe) and the year-over-year worth 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.
| Mannequin/Trim | 2023 Value | 2024 Value | Distinction |
| Laredo A (2wd 2-row solely) | $38,290 | $38,290 | $0 |
| Laredo | $42,425 | $40,425 | -$2,000 |
| Laredo X | $43,175 | $41,175 | -$2,000 |
| Altitude | $46,435 | $44,435 | -$2,000 |
| Altitude X | $47,530 | $45,530 | -$2,000 |
| Restricted | $51,795 | $48,295 | -$3,500 |
| Overland (4WD) | $67,385 | $63,385 | -$4,000 |
| Summit (4WD) | $68,950 | $64,950 | -$4,000 |
| Summit Reserve (4WD) | $73,430 | $68,835 | -$4,595 |
We contacted Jeep to ask in regards to the vital worth reduce, a stark distinction to typical year-over-year worth modifications, which normally enhance fairly than lower. Now we have but to obtain a response, however Vehicles Direct quotes Jeep CEO Invoice Peffer as saying the cuts are a response to customers “grappling with the rising prices of inflation.” Looking via Jeep’s on-line configurator, there does not look like any notable modifications in gear between 2023 and 2024 fashions. We are going to bounce in with an replace as quickly as we hear again from Jeep.
