2024 Jeep Grand Cherokee costs went up — now they’ve dropped by as a lot as $4,000

Once we posted on pricing for the 2024 Grand Cherokee simply a few weeks in the past, we puzzled but once more at lavish MSRP will increase that Stellantis is making use of to a few of its 4 U.S. manufacturers. Relative to launch pricing firstly of the 2023 mannequin yr, the decrease Laredo and Altitude trims have been just a few hundred dearer in 2024, however the Restricted, Overland, and Summit have been wherever from $3,190 to $6,490 dearer.

It is an ideal factor for Grand Cherokee customers that Jeep has since been in a position to admit, “Hey, possibly we obtained a bit exuberant with costs, let’s have a look at what we are able to do about that.” And what the automaker has accomplished is decrease MSRPs by both $2,000, $3,500, or $4,000 on the 2024 Grand Cherokee and Grand Cherokee L.

A TikTok consumer referred to as “zachshefska” first highlighted a bulletin Stellantis despatched to Jeep sellers on January 29 — the identical day our value submit ran — referred to as “2024MY Jeep Pricing Motion.” The reductions outlined within the bulletin took impact with 2024 Grand Cherokee manufacturing starting January 31, 2024. Jeep loaded the brand new figures on its configurator, so the newest opening bids for a Grand Cherokee, and their comparisons to the unique 2024MY MSRPs are:

• Laredo A: $38,390 (No change)
• Laredo: $39,830 ($2,000 much less)
• Laredo X: $40,580 ($2000 much less)
• Altitude: $44,435 ($2,000 much less)
• Altitude X: $44,935 ($2,000 much less)
• Restricted: $47,700 ($3,500 much less)
• Overland: $62,790 ($4,000 much less)
• Summit: $64,445 ($4,000 much less)
• Summit Reserve: $68,835 ($4,000 much less) 

Sellers with correctly accomplished bought orders submitted by January 30 are eligible for value safety with just a few {qualifications}, that means some consumers will not have to miss out on the financial savings assuming their sellers crammed in all of the blanks.

Since our unique comparator was launch pricing for the start of the 2023 mannequin yr, it is solely truthful to benchmark these newest costs once more. We’re leaving out the Laredo A, Laredo X, and Altitude X since these fashions are new this yr. The brand new pricing on the 2024 Grand Cherokee Laredo is $1,360 inexpensive than the identical trim was about 18 months in the past, the Altitude $1,435 inexpensive, the Restricted $310 much less, the Overland $4,690 extra, the Summit $2,485 extra, the Summit Reserve $500 extra. The large hikes within the Overland and Summit are partly resulting from these being accessible in 4×2 configuration till the 2024 mannequin yr, once they went 4×4 solely; for the reason that 4×4 choice provides $2,000 to the worth, the actual variations from yore are $2,690 and $485. 

A Jeep spokesperson informed CarsDirect, “We all know shoppers are grappling with the rising prices of inflation. In response, the Jeep model is taking the chance so as to add content material and worth to its award-winning lineup, whereas on the similar time rolling again beginning U.S. MSRPs on a few of our hottest fashions, just like the 2024 Jeep Grand Cherokee.”

A couple of last issues to know. These costs all purchase the three.6-liter V6, the one engine accessible; when the Hurricane inline-six makes its option to the Grand Cherokee, these costs are all however assured to rise. 2024 Grand Cherokee 4xe pricing is unaffected. And CarsDirect additionally famous, “Final month… some Grand Cherokees had a promotion involving 10% off MSRP. Now, they do not. Such a change may negate the influence of the worth cuts on shoppers.”