A 2022 Jeep Grand Cherokee L still asks 48% of what a 2027 one does — that's how much value it holds after 5 years. Among 17 suvs we price, that ranks #6, above the 45% class median. The steepest single-year drop comes at year 1 (−27.8%), after which losses ease to about 10.5% a year. Mileage costs it 37%: the same car reads 100k–150k instead of Under 40k miles. Calculated from 78 listings.
Jeep Grand Cherokee L value by year
| Year | Trade-in | Median | Dealer | Listings |
|---|---|---|---|---|
| 2027 | $44,722 | $54,575 | 3 | |
| 2026 | $26,884 | $44,124 | 3 | |
| 2025 | $32,490 | $54,900 | 4 | |
| 2024 | $26,851 | $36,499 | 8 | |
| 2023 | $23,995 | $41,900 | 17 | |
| 2022 | $23,700 | $29,988 | 11 | |
| 2021 | $20,251 | $28,495 | 32 |
How the Jeep Grand Cherokee L depreciates
The newest Jeep Grand Cherokee L has a median asking price of $52,235; a 6-year-older one runs about $23,850 — roughly 54% lost over 6 years (compare the typical depreciation curve by age).
Does the Jeep Grand Cherokee L hold value better than its rivals?
Over the same 5 years the Jeep Grand Cherokee keeps 45%, the Ford Explorer 46% and the Ford Expedition 33%, against 48% for the Grand Cherokee L. The Grand Cherokee L holds value better than the Jeep Grand Cherokee, Ford Explorer and Ford Expedition.
The Jeep Grand Cherokee L market right now
Adjust your Jeep Grand Cherokee L value for mileage
Crossing 100k miles costs a Jeep Grand Cherokee L about 37% of its under-40k asking price:
Trade-in, private-party & dealer price
For a 2023 Jeep Grand Cherokee L: a dealer trade-in offer is around $23,995, selling private-party nets about $29,177, and a lot asks near $41,900 — a $17,905 spread on the same car.
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Jeep Grand Cherokee L value FAQ
How much is a Jeep Grand Cherokee L worth?
It depends mostly on the model year: in our listings the median asking price runs from $23,850 to $52,235 across 7 model years. A 2023 is worth about $29,177, the median of 17 listings.
How much does mileage cut a Jeep Grand Cherokee L's value?
Among Grand Cherokee Ls from the last eight model years, those with under 40,000 miles ask a median $34,679, and those with 100,000 to 150,000 miles ask $21,989; crossing 100,000 miles alone costs about 37%.
Does the Grand Cherokee L hold value better than the Jeep Grand Cherokee?
Yes: over 5 years the Grand Cherokee L keeps 48% of its value and the Jeep Grand Cherokee 45%, by the median asking prices of the 2027 and 2022 model years.
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