# How fast does a Jeep Grand Cherokee lose value?

> A Jeep Grand Cherokee keeps about **65%** of its new price after three years and **52%** after five years, comparing each trim with the same trim new. That is about the same as the typical car in our study at three years. Bought new for $43,000, the typical Grand Cherokee would be worth about $28,000 after three years if it ages like today's Grand Cherokees.

Jeep Grand Cherokee Depreciation by Year · 8,269 cars · November 9, 2026 · Asking prices by age · published Nov 9, 2026 · [ottoquest.com](https://ottoquest.com/guides/jeep-grand-cherokee-depreciation)

## Jeep Grand Cherokee value by model year

| Model year | Value kept | Typical ask | Typical miles | Cars |
| --- | ---: | ---: | --- | ---: |
| 2026 (new) | 100% | $43,000 | new | 1,163 |
| 2025 (1 yr) | 79% | $34,000 | 12,000 mi | 283 |
| 2024 (2 yr) | 71% | $29,500 | 24,000 mi | 368 |
| 2023 (3 yr) | 65% | $27,500 | 35,000 mi | 1,417 |
| 2022 (4 yr) | 58% | $25,500 | 50,000 mi | 325 |
| 2021 (5 yr) | 52% | $22,500 | 61,000 mi | 943 |
| 2020 (6 yr) | 46% | $20,500 | 74,000 mi | 1,135 |
| 2019 (7 yr) | 41% | $18,000 | 86,000 mi | 1,211 |
| 2018 (8 yr) | 37% | $16,000 | 95,000 mi | 1,424 |

## Where a Grand Cherokee loses its value

The first year takes 21% of the price. After the first year a Grand Cherokee loses about 6 points of its new price a year in this snapshot.

Compare with [how fast the typical car loses value](https://ottoquest.com/guides/car-depreciation-by-year) and with [the cars that hold their value best](https://ottoquest.com/guides/cars-that-hold-their-value-best).

## About the data

We compared asking prices for cars listed for sale in the U.S. on November 9, 2026, one listing per car. "New" is the median asking price of new 2026 models. For each older model year we used cars with about 12,000 miles a year for their age (for example 27,000–45,000 miles for a 2023). We compared every trim with the same trim new and averaged the trims, weighted by the number of cars, so a shift in trim mix does not look like depreciation. Typical asking prices in the tables are the median of all trims at that age.

This is a snapshot of today's prices by age, not one car followed over time. A car you buy now can lose value faster or slower, especially if a new generation arrives. Asking prices are before negotiation, taxes and fees. New cars often sell below sticker, so the real first-year loss can be smaller than shown. We left out modified cars and prices that were clearly not a full asking price.

## Questions

### How much is a 3-year-old Jeep Grand Cherokee worth?

About 65% of the same trim new. On November 9, 2026, 2023 Grand Cherokees with around 35,000 mi had a typical asking price of $27,500 (1,417 cars), against $43,000 for a new 2026.

### Does the Jeep Grand Cherokee hold its value?

At three years it keeps 65%, about the same as the typical car in our study (68%, the median of 79 models).

### How much value does a new Jeep Grand Cherokee lose in the first year?

About 21%: one-year-old 2025 Grand Cherokees ask 79% of the same trim new. New cars often sell below their asking price, so the real loss can be smaller.

## Cite this study

OttoQuest. *Jeep Grand Cherokee Depreciation by Year*. Published Nov 9, 2026. https://ottoquest.com/guides/jeep-grand-cherokee-depreciation

The published table as CSV: https://ottoquest.com/guides/jeep-grand-cherokee-depreciation/data.csv

## Shop these cars

- [Shop 2023–2024 Grand Cherokees](https://ottoquest.com/listings?model=jeep-grand-cherokee&year_min=2023&year_max=2024)
- [Jeep Grand Cherokee prices and market value](https://ottoquest.com/models/jeep-grand-cherokee)

More car depreciation: https://ottoquest.com/guides#depreciation

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OttoQuest · [this page](https://ottoquest.com/guides/jeep-grand-cherokee-depreciation). Prices are asking prices of cars for sale in the U.S. and recorded sold prices; a guide to the price, not to a car's condition.