Jeep Grand Cherokee Depreciation & Resale Value

The 2019 Grand Cherokee is our best all-around pick in the current dataset. Its median asking price is $19,149, about $2,089 more than the 2018, while average mileage is roughly 7,578 miles lower, and it is a late, well-sorted fourth-generation (WK2) build before the all-new 2022 redesign. That does not make every 2019 better than every 2018 or 2020: drivetrain, trim, mileage, condition, service history, and local price should decide between two specific vehicles. Compare at least three configuration-matched examples and negotiate from the cleanest one, not the national median alone.

Start with a 2017 Grand Cherokee Laredo. Its current median ask is $14,719, about $670 more than the 2016, and it gives you the mature fourth-generation (WK2) platform without near-new pricing. The tradeoff is mileage: these listings average 110,806 miles, so buy the best-documented vehicle rather than the cheapest one. Confirm maintenance history, inspect the drivetrain, cooling system, any air suspension, and the electronics, scan for stored fault codes, and pay for an independent pre-purchase inspection. Keep part of the budget for age-related service instead of spending every dollar on the purchase itself.

The fourth generation, known as the WK2, ran from 2011 through 2021, an unusually long production life during which Jeep refreshed the styling, technology, and equipment on a familiar platform. The fifth generation (WL) is an all-new design: the three-row Grand Cherokee L arrived first for 2021, and the two-row Grand Cherokee followed for 2022 with a new architecture, new exterior and interior, and advanced technology, plus the first electrified Grand Cherokee in the 4xe plug-in hybrid. For a used shopper, that means the 2022-and-newer vehicles are a genuinely different product, so compare within a generation and read cross-generation price gaps as reflecting architecture and equipment, not age alone.

It can be, but they answer different questions. The 2022 opens the all-new fifth generation (WL) on a fresh architecture and introduced the 4xe, the first electrified Grand Cherokee: a 2.0-liter turbocharged four-cylinder with two electric motors and a 400-volt battery making 375 horsepower and 470 lb-ft, about 25 miles of all-electric range, and 56 MPGe. A used fourth-generation truck gives you the settled, long-running platform at a lower price. If you want the newest technology, efficiency, and a full warranty, the WL makes sense; if value and simplicity matter most, a clean late WK2 is hard to beat. Compare out-the-door prices, warranty start dates, any remaining 4xe battery coverage, and your real use before deciding.

Resale is one of the most common reasons buyers cross-shop these three, so compare the fitted curves directly rather than trusting reputation. Our data shows the Grand Cherokee losing about 0.6 percentage points less than the Explorer over five years. The Highlander loses about 15.4 points less, consistent with Toyota's strong resale reputation. Whichever way the gap falls, weaker retention often just means a cheaper used entry point, so match configuration, mileage, and condition, then let the price you negotiate drive the decision.

25.5% of Grand Cherokees in our listing sample already have more than 100,000 miles, and about 3.5% have crossed 150,000, with high-mileage examples asking a median around $11,952. That shows an active high-mileage market, not a guarantee that any individual vehicle has remaining life. A high-mileage Grand Cherokee can make sense when the service history is complete, wear items are priced into the deal, the drivetrain and cooling system check out, and an independent inspection is clean. Ask the inspector to separate normal wear from deferred repairs and to price each near-term item, because on a midsize SUV those costs add up quickly and can erase the purchase-price savings.

Our mileage-adjusted fitted curve estimates that a Jeep Grand Cherokee loses about 45.3% of its original value after five years, retaining roughly 54.7%. That is based on 2,324 listings across multiple model years, with asking prices adjusted toward an estimated sale price. It is a nameplate-level trajectory, not a quote for a specific VIN, and in our catalog it runs steeper than the Explorer and Highlander curves. Your purchase price, trim, drivetrain, mileage, condition, options, and the new-vehicle market at resale can move the result materially. For a real purchase, calculate the dollar loss from the price you negotiate on a configuration-matched Grand Cherokee, not from an abstract national MSRP.