Why Are There Unsold Jeep Grand Cherokees?

Unsold vehicles accumulate for several reasons, often providing savvy buyers a chance to purchase a high-quality SUV at a reduced price:

• Overstock: Dealerships may have ordered more vehicles than they could sell due to inaccurate sales projections.
• Newer Model Releases: With the introduction of new model years, previous versions can become less appealing to buyers, leading to unsold inventory.
• Color and Trim Preferences: Some trims or colors may not be as popular in certain areas, leaving them sitting on the lot longer.
• Economic Conditions: Fluctuations in consumer buying power can also leave more cars unsold as buyers delay or cancel purchases.

Factors Affecting the Price of Unsold Jeep Grand Cherokees

When it comes to buying an unsold Jeep Grand Cherokee, several factors influence the price:

• Model Year: Newer models, especially the 2024 version, will carry a higher price than older unsold units.
• Trim Level: The Grand Cherokee comes in a variety of trims, from the more affordable Laredo to the high-end Summit and Trackhawk. Higher trims with more features typically cost more.
• Condition: While technically unsold, the vehicle's condition matters. Cars that have been sitting on a lot for extended periods may have been used as test vehicles or experienced wear from exposure to the elements.
• Location: Prices for unsold Grand Cherokees can vary depending on the dealership's location and regional demand.
• Incentives and Discounts: Unsold vehicles often come with dealer incentives, rebates, or special financing offers, reducing the overall price.

Pricing Guide for Unsold Jeep Grand Cherokees by Year

2024 Jeep Grand Cherokee

The 2024 Jeep Grand Cherokee, fresh off the production line, offers the latest in technology, luxury, and performance. However, due to overstock or specific trims sitting unsold, there can be opportunities to purchase these at a slight discount.

• Price Range: $45,000–$70,000, depending on trim.
• Discount Potential: You might find discounts between 5% and 10%, bringing the price down to $42,000–$63,000.
• Popular Trims: Laredo, Limited, Overland, and Summit.

2023 Jeep Grand Cherokee

The 2023 Grand Cherokee remains a popular option, but as dealerships make room for the 2024 models, you can expect to see unsold 2023 units on the lot.

• Price Range: $42,000–$68,000.
• Discount Potential: Discounts on these models can reach 8%–12%, bringing the price to $38,500–$60,000.
• Popular Trims: Altitude, Trailhawk, Limited, and Overland.
• Mileage: Usually under 10,000 miles, as these are mostly brand-new vehicles.

2022 Jeep Grand Cherokee

With the 2022 model, Jeep made significant updates to the Grand Cherokee’s design, making it an attractive option for buyers looking for a recent model. These models may still sit on dealer lots as unsold inventory due to a surge in demand for newer models.

• Price Range: $38,000–$65,000.
• Discount Potential: Expect to save 10%–15%, making final prices range between $34,000–$58,000.
• Popular Trims: Limited, Summit, Trailhawk, and Overland.
• Mileage: Usually under 20,000 miles.

2021 Jeep Grand Cherokee

The 2021 model marked the final year of the previous generation before the Grand Cherokee underwent a significant redesign. Because of this, dealerships may still have a few unsold 2021 models that are available at attractive prices.

• Price Range: $35,000–$58,000.
• Discount Potential: Discounts range from 12% to 18%, bringing prices down to $30,000–$50,000.
• Popular Trims: Laredo, Altitude, Limited, and Summit.
• Mileage: Typically under 30,000 miles.

2020 Jeep Grand Cherokee

The 2020 Jeep Grand Cherokee continues to be a popular choice for those looking for a rugged SUV with luxury features. Unsold 2020 models can still be found, though they are rarer as most of the older stock gets cleared out.

• Price Range: $32,000–$55,000.
• Discount Potential: You can expect 15% to 20% discounts, bringing the price to $27,000–$47,000.
• Popular Trims: Laredo, Trailhawk, and Summit.
• Mileage: Typically under 40,000 miles.

Price by Trim Level

1. Laredo (Base Model)

The Laredo trim is the most affordable, offering a good mix of features at an entry-level price point.

New Price Range: $38,000–$45,000.

Unsold Price: $32,000–$42,000.

2. Altitude

The Altitude adds more style and comfort features, making it a popular choice for families.

New Price Range: $42,000–$50,000.

Unsold Price: $36,000–$47,000.

3. Limited

The Limited trim provides a nice balance between luxury and off-road capability.

New Price Range: $48,000–$58,000.

Unsold Price: $41,000–$54,000.

4. Overland

The Overland trim is a luxury-oriented option with more off-road prowess and premium features.

New Price Range: $55,000–$65,000.

Unsold Price: $46,000–$60,000.

5. Summit

At the top of the luxury ladder, the Summit trim offers every bell and whistle.

New Price Range: $60,000–$70,000.

Unsold Price: $52,000–$65,000.

6. Trackhawk (High-Performance)

For those seeking high performance, the Trackhawk delivers with its supercharged V8 engine.

New Price Range: $85,000–$90,000.

Unsold Price: $75,000–$85,000.

Tips for Buying an Unsold Jeep Grand Cherokee

1. Research Pricing: Know the MSRP of the specific trim you’re looking for. This helps you gauge whether the discount offered by the dealer is fair.
2. Look for Dealer Incentives: Dealerships may offer cash rebates, financing deals, or trade-in bonuses to help move unsold stock. These incentives can further reduce the price.
3. Negotiate: Even if the car is discounted, there’s often room to negotiate. Aim for a discount of 10%–20% depending on the model year.
4. Consider End-of-Year Sales: The end of the year, particularly around the holiday season, is an excellent time to find additional markdowns on unsold cars.
5. Inspect the Vehicle: While the vehicle may be unsold, make sure to check for any signs of wear and tear or excessive test drives, especially if it’s been sitting on the lot for an extended period.