2024 Jeep Grand Cherokee Drops Prices By Up To $4,000

Pricing / Comments

The new pricing is good news for those looking to upgrade in 2024.

Jeep is aiming to help fight inflation by cutting the MSRP of the Grand Cherokee - which had minor updates for the 2024 model year - for both the two-row and three-row L variants.

The Grand Cherokee Laredo received a $2,000 price reduction, while the Limited trim had a $3,500 price cut. The pricier and more premium Overland and Summit trims have seen pricing reduced by $4,000.

As a result, the 2024 Jeep Grand Cherokee Laredo starts at $38,035 (from a previous MSRP of $40,035), with the three-row version priced at $40,035 (from $42,035). The new base price undercuts the 2024 Ford Explorer XLT and Toyota Highlander LE priced at $38,670 and $39,270, respectively.

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The top-of-the-line Grand Cherokee Summit 4x4 two-row and three-row start at $62,560 and $64,560, respectively. Meanwhile, there are no price movements seen for the Grand Cherokee 4xe plug-in hybrid.

With the price update, we can expect more consumers will be enticed to consider a Jeep Grand Cherokee, the company's best-seller in the US. Last year, the nameplate sold 61,723 units, which is 22% more compared to the previous year. In contrast, the Jeep Renegade is being dropped after the 2023 model year due to underwhelming sales.

Elsewhere, the Gladiator recently saw a price reduction, too, dropping below $40,000 for the new model year.

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It's worth noting that nobody does anything for free, and while there have been notable price cuts across several models, these have come with the loss of last month's 10% off promotions, reports CarsDirect, which means that pricing may be similar to what it already was in some areas. Still, we're not ones to look a gift horse in the mouth, and any news about lower pricing is to be celebrated.

With the electric Wagoneer S arriving in the fall, we wouldn't be surprised to see more discounts across the Jeep range in the coming months, helping make room for new EV inventory.

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