The Jeep Grand Cherokee generally holds its value longer than the Jeep Cherokee, making it a stronger choice for buyers focused on long-term resale value. This is a key consideration for anyone searching for “Jeep dealers near me” and comparing these two popular models.
Jeep Grand Cherokee Depreciation and Resale Value
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The Jeep Grand Cherokee depreciates about 68% after 5 years, with a 5-year resale value of approximately $17,006 for recent models.
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The Grand Cherokee L (the three-row variant) depreciates 46.8% after five years, resulting in a resale value of $20,759.
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Compared to the broader midsize SUV segment, the Grand Cherokee L performs slightly better in terms of holding value over time.
Jeep Cherokee Depreciation and Resale Value
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While recent data is limited, industry trends and historical data indicate that the Jeep Cherokee typically depreciates faster than the Grand Cherokee. The Cherokee’s resale value tends to be lower after five years, primarily due to its smaller size, lower towing capacity, and less powerful engine options.
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The Cherokee’s higher starting price does not translate into better long-term value retention, as it loses value more quickly in the used market.
Key Factors Influencing Value Retention
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Performance and Capability: The Grand Cherokee offers more powerful engine options, higher towing capacity (up to 6,200 lbs vs. Cherokee’s 4,000 lbs), and a broader range of luxury trims, making it more desirable in the used market.
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Fuel Economy: The Cherokee has slightly better fuel efficiency, but this does not significantly impact long-term value retention compared to the Grand Cherokee’s advantages in capability and demand.
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Market Demand: The Grand Cherokee’s reputation for versatility, comfort, and off-road capability helps it maintain higher resale values, especially among buyers searching for “jeep dealers near me” who prioritize both family and adventure needs.
Pricing Overview
Jeep Cherokee
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Starting MSRP: $39,290
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5-Year Depreciation: Higher (est. 70%+)
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5-Year Resale Value: Lower
Jeep Grand Cherokee
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Starting MSRP: $38,290
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5-Year Depreciation: 68%
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5-Year Resale Value: $17,006
Jeep Grand Cherokee L
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Starting MSRP: $41,000+
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5-Year Depreciation: 46.8%
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5-Year Resale Value: $20,759
Note: Actual resale values may vary based on trim, mileage, condition, and local market trends.
Conclusion: Which Jeep Holds Its Value Longer?
For buyers comparing the Jeep Cherokee vs. Grand Cherokee, the Grand Cherokee is the better choice for long-term value retention. Its combination of performance, capability, and market demand ensures it depreciates less and commands a higher resale price—an important consideration when working with trusted Jeep dealers near you, like Gengras CDJR Hartford.
Gengras CDJR Hartford
Your local experts for Jeep sales, service, and trade-in value. If you’re searching for “Jeep dealers near me,” visit us to explore the full lineup and get the best value for your next Jeep.