Jeep Grand Cherokee depreciation: value by age
Value kept after 3 years
56%
- Loses 44% in 3 years.
- 2023 Altitude 4x2. New: $48,435. Now: $27,000.
- 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 | $46,435 | $27,700 | KBB fair price | 60% | $18,735 | $9,368 |
| 2023 | 3 | Altitude 4x2 | $48,435 | $27,000 | KBB fair price | 56% | $21,435 | $7,145 |
| 2022 | 4 | Laredo E 2WD | $37,460 | $23,300 | KBB fair price | 62% | $14,160 | $3,540 |
| 2021 | 5 | Freedom 4x2 | $41,550 | $22,000 | KBB fair price | 53% | $19,550 | $3,910 |
| 2020 | 6 | Laredo 4x2 | $35,945 | $18,450 | KBB fair price | 51% | $17,495 | $2,916 |
| 2019 | 7 | Laredo 4x2 | $35,740 | $16,300 | KBB fair price | 46% | $19,440 | $2,777 |
| 2018 | 8 | Laredo 4x2 | $33,990 | $14,050 | KBB fair price | 41% | $19,940 | $2,493 |
| 2017 | 9 | Laredo 4x2 | $33,790 | $11,750 | KBB fair price | 35% | $22,040 | $2,449 |
| 2016 | 10 | RWD 4dr Laredo | $33,290 | $11,050 | KBB fair price | 33% | $22,240 | $2,224 |
| 2015 | 11 | RWD 4dr Laredo | $32,990 | $9,700 | KBB fair price | 29% | $23,290 | $2,117 |
| 2014 | 12 | RWD 4dr Laredo | $32,490 | $9,450 | KBB fair price | 29% | $23,040 | $1,920 |
| 2013 | 13 | RWD 4dr Laredo | $30,690 | $7,775 | KBB fair price | 25% | $22,915 | $1,763 |
| 2012 | 14 | RWD 4dr Laredo | $30,160 | $6,650 | KBB fair price | 22% | $23,510 | $1,679 |
| 2011 | 15 | Laredo 4WD | $34,115 | $6,450 | KBB fair price | 19% | $27,665 | $1,844 |
| 2010 | 16 | RWD 4dr Laredo | $34,055 | $4,425 | KBB fair price | 13% | $29,630 | $1,852 |
| 2009 | 17 | Laredo 4WD | $33,200 | $4,625 | KBB fair price | 14% | $28,575 | $1,681 |
- Biggest drop
- New to age 2: $9,368 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 | $33,151 | $26,849 | $23,200 | $20,164 | $17,838 |
| 2023 | $34,081 | $27,597 | $22,819 | $21,000 | $18,537 | $16,641 |
| 2022 | $28,581 | $25,932 | $23,212 | $20,200 | $17,032 | $14,604 |
| 2021 | $25,501 | $21,115 | $18,390 | $16,000 | $14,005 | $12,380 |
| 2020 | $22,283 | $17,809 | $16,396 | $13,450 | $11,080 | $9,106 |
| 2019 | $20,225 | $16,867 | $14,291 | $13,800 | $11,663 | $9,834 |
| 2018 | $17,274 | $14,387 | $11,688 | $11,900 | N/A | N/A |
| 2017 | $16,410 | $13,304 | $10,006 | $10,600 | N/A | N/A |
| 2016 | $14,246 | $13,187 | $12,221 | $8,200 | N/A | N/A |
| 2015 | $11,527 | $10,910 | $10,248 | $7,975 | N/A | N/A |
| 2014 | $10,041 | $9,571 | $8,979 | $7,225 | N/A | N/A |
| 2013 | $9,050 | $8,981 | $7,037 | $6,175 | N/A | N/A |
| 2012 | $7,651 | $6,010 | $5,365 | $5,875 | N/A | N/A |
| 2011 | $6,701 | $5,766 | $4,762 | $5,700 | N/A | N/A |
| 2010 | $5,041 | $4,166 | $3,407 | $3,825 | N/A | N/A |
| 2009 | $4,571 | $4,005 | $3,355 | $4,025 | N/A | N/A |
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