Jeep Grand Cherokee Pricing Analysis

Pricing Analysis by Model Year

Key Insights

• Significant New-Car Premium: The 2026 Jeep Grand Cherokee is priced at $49,816, which is approximately 28.3% above its MSRP, indicating strong demand for the latest model.
• Steep Depreciation for Older Models: The 2020 model shows a decline of ~31.7% from its original MSRP, reflecting a typical depreciation trend as vehicles age.
• Best Value in Recent Years: The 2022 model is priced at $28,264, representing a ~23.1% depreciation, making it a potentially attractive option for buyers seeking value.

Model Year Pricing

Pricing by Popular US Cities

Market Area: Nationwide

Key Insights

• Highest Prices in Philadelphia: The average price in Philadelphia, PA ($24,827) is the highest among the listed cities, likely due to higher demand and lower inventory.
• Lowest Prices in Los Angeles: Los Angeles, CA ($19,962) offers the lowest average price, suggesting a more competitive market with higher inventory levels.
• Inventory Variation: Cities like New York (1,471 listings) and Chicago (1,188 listings) have substantial inventory, which correlates with higher average prices compared to cities with fewer listings.

City-Level Pricing

Pricing by Trim Packages

Key Insights

• Limited 4WD is the Most Common Trim: With 8,716 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, priced at $60,600, represents the highest MSRP, reflecting its luxury features and positioning in the market.
• Competitive Pricing Across Trims: The Laredo 4WD trim at $40,920 offers a more budget-friendly option while still providing essential features, appealing to a wider audience.

Trim-Level Details

These recommendations are based on CarGurus' proprietary market data from July 30, 2026, CarGurus experts' opinions, and generative AI.