Jeep Grand Cherokee L depreciation: value by age
Value kept after 3 years
56%
- Loses 44% in 3 years.
- 2023 Altitude 4x2. New: $52,080. Now: $29,400.
- Median SUV at 3 years: 63% kept.
- Value now: KBB fair price.
| Model year | Age | Trim | Original MSRP | Value now | Source | Kept | Lost | Lost per year |
|---|---|---|---|---|---|---|---|---|
| 2024 | 2 | Altitude 4x2 | $48,435 | $30,300 | KBB fair price | 63% | $18,135 | $9,068 |
| 2023 | 3 | Altitude 4x2 | $52,080 | $29,400 | KBB fair price | 56% | $22,680 | $7,560 |
| 2022 | 4 | Altitude 4x2 | $49,225 | $25,500 | KBB fair price | 52% | $23,725 | $5,931 |
| 2021 | 5 | Limited 4x2 | $47,690 | $25,100 | KBB fair price | 53% | $22,590 | $4,518 |
- Biggest drop
- New to age 2: $9,068 a year.
- Values as of
- October 2026
KBB resale value by year
| Model year | 2023 | 2024 | 2025 | 2026 | 2027 KBB forecast | 2028 KBB forecast |
|---|---|---|---|---|---|---|
| 2024 | N/A | $33,653 | $28,251 | $26,000 | $22,618 | $20,141 |
| 2023 | $36,486 | $29,649 | $25,370 | $23,200 | $20,231 | $17,957 |
| 2022 | $32,669 | $28,016 | $23,387 | $22,700 | $19,805 | $17,601 |
| 2021 | $29,148 | $24,736 | $21,145 | $20,600 | $17,794 | $15,413 |
KBB resale values. 2027 and 2028 are KBB forecasts.
What this cannot tell you
Values as of October 2026. KBB and CarGurus national figures.
Mileage and condition change the value.
- 2 or more sources
- 1 source
- Model-level, rule or estimate