Jeep Grand Cherokee Pricing Analysis

Pricing Analysis by Model Year

Key Insights

• Significant New-Car Premium: The 2026 Jeep Grand Cherokee is priced at $49,736, which is approximately 27.5% above its MSRP, indicating strong demand for the latest model.
• Steep Depreciation for Older Models: The 2020 model shows a decline of ~30.6% from its original MSRP, reflecting a typical depreciation trend as vehicles age.
• Best Value in Recent Years: The 2022 model is priced at $28,799, representing a 22.1% drop from MSRP, making it a compelling option for budget-conscious buyers.

Model Year Pricing

Pricing by Popular US Cities

Market Area: Nationwide

Key Insights

• Highest Prices in Philadelphia: The average price in Philadelphia, PA ($25,564) is the highest among the listed cities, likely due to higher demand and lower inventory.
• Lowest Prices in Los Angeles: Los Angeles, CA ($20,834) offers the lowest average price, suggesting a more competitive market with higher inventory levels.
• Inventory Variation: Cities like New York (1,536 listings) and Chicago (1,195 listings) have substantial inventory, which correlates with relatively stable pricing around the national average.

City-Level Pricing

Pricing by Trim Packages

Key Insights

• Limited 4WD is the Most Common Trim: With 8,886 listings, the Limited 4WD trim is the most prevalent, indicating strong consumer preference for this configuration.
• Premium Pricing for Summit 4WD: The Summit 4WD trim commands the highest MSRP at $60,600, reflecting its luxury features and positioning in the market.
• Competitive Pricing Across Trims: The Laredo 4WD trim offers a more budget-friendly option at $40,920, appealing to cost-conscious buyers while still providing 4WD capability.

Trim-Level Details

These recommendations are based on CarGurus' proprietary market data from July 9, 2026, CarGurus experts' opinions, and generative AI.