Thursday, February 29, 2024

2024 Jeep Grand Cherokee Is Up To $4,595 Cheaper Than Before

New vehicles are more expensive than ever. There is, however, one exception: the Jeep Grand Cherokee. In a surprising move, Jeep added a gigantic red pen to the bottom of the line on most Grand Cherokee trim levels for 2024. You can expect a $2,000 one-year price drop on the other on the low and mid-range trims, at a $3,500 discount for the Limited and $4,000 off for the Summit trim. Step up to the top-of-the-line Summit Reserve and the price drop is even greater: $4,595.

That means the most expensive Grand Cherokee trim now has a starting price below $70,000, even after the $1,795 destination charge. It’s worth mentioning that the same price reduction applies to the three-row Summit Reserve, although it costs a few dollars over $70,000. The price reductions apply to three-row models across the range, as well as those with a choice of two- or four-wheel drive. The only versions of the Grand Cherokee that don’t see a price drop are the entry-level Laredo A and the 4xe hybrid versions.

Here’s a price breakdown for 2024 Grand Cherokee models (excluding 4xe) and year-over-year price changes. All prices include Jeep’s $1,795 destination charge and refer to a two-row 2WD model unless otherwise noted. The Overland and Summit trims are only offered with 4WD for 2024, so we’re using 2023 4WD prices to have an apples-to-apples comparison. Beyond that, add $2,000 for a 4WD and another $2,000 for a three-row Grand Cherokee L. Opt for the Laredo version and you’ll only have to pay $1,750 to get an extra row.

Model/Trim 2023 prices Price 2024 Difference
Laredo A (2WD, 2 row only) $38,290 $38,290 $0
Laredo $42,425 $40,425 -$2,000
LaredoX $43,175 $41,175 -$2,000
Altitude $46,435 $44,435 -$2,000
Altitude $47,530 $45,530 -$2,000
Limit $51,795 $48,295 -$3,500
By land (4×4) $67,385 $63,385 -$4,000
Summit (4WD) $68,950 $64,950 -$4,000
Summit Reserve (4×4) $73,430 $68,835 -$4,595

We reached out to Jeep to ask about the significant price drop, a stark contrast to typical year-over-year price changes, which usually go up rather than down. We have not received a response yet, but Direct cars quotes Jeep CEO Bill Peffer as saying the discounts are a response to consumers “struggling with the rising costs of inflation.” Looking through Jeep’s online configurator, there don’t appear to be any notable changes in equipment between the 2023 and 2024 models. We’ll post an update as soon as we hear back from Jeep.

Note: The content and images used in this article is rewritten and sourced from



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