Unsold Inventory is Leading to Steep Discounts on Jeep SUVs

Jeep Is Struggling to Sell Cherokees

The Jeep Cherokee has experienced a slowdown in sales over the past couple of years. This trend can be attributed to several factors. Firstly, the highly competitive SUV market has witnessed the emergence of numerous alternatives, leading to increased consumer choice and diversion of demand.

Additionally, evolving consumer preferences have shifted towards smaller and more fuel-efficient SUVs, challenging the Cherokee's larger size and relatively lower fuel economy. These factors combined have contributed to the challenging sales environment for the Jeep Cherokee.

Offers Are Changing All the Time

Recognizing the need to stimulate sales, Jeep has been actively adjusting its offers and discounts to attract potential customers. The automaker frequently changes its deals to adapt to market dynamics and consumer demands.

These offers include cashback incentives, low-interest financing options, and lease specials. By leveraging these promotions, Jeep aims to incentivize potential buyers to consider the Cherokee as a viable option, providing them with increased value and financial benefits.

July Deals

Jeep is offering various lease deals on 2023 models, with lease durations ranging from 24 to 42 months. Here are some of the highlights:

• Grand Cherokee 4xe: Lease at $349 per month for 24 months with a $5,399 upfront payment.
• Wrangler 4xe Willys: Lease at $496 per month for 36 months with a $3,995 down payment.
• Cherokee Trailhawk 4x4: Lease at $513 per month for 36 months with $3,799 due upfront.
• Grand Cherokee Laredo (2WD): Lease at $458 per month for 39 months with $3,799 due at signing.
• Grand Cherokee L Laredo (2WD): Lease at $483 per month for 39 months with $3,799 down.
• Gladiator Sport 4x4: Lease at $329 per month for 39 months with $5,499 required upfront.
• Renegade Trailhawk and Limited 4x4: Lease at $382 per month for 42 months with $3,799 down.
• Four-door Wrangler Sport 4x4: Lease at $369 per month for 42 months with $5,299 initial payment.
• Compass Latitude Lux 4x4: Lease at $380 per month for 42 months with $3,799 down.
• Wagoneer (2WD): Lease at $780 per month for 42 months with $3,799 upfront.
• Grand Wagoneer L 4x4: Lease at $1,340 per month for 42 months with $3,799 due upfront.

For financing deals, Jeep is offering attractive rates on select 2023 models:

• Renegade and Compass: 1.9% interest for three years.
• Grand Cherokee and Grand Cherokee 4xe: 2.9% interest for three years.
• Gladiator: 6.9% interest for six years.
• Grand Cherokee L, Wrangler, Wrangler 4xe, Cherokee, Wagoneer, and Grand Wagoneer: 7.61% interest for five years.

Additionally, there are cash-back deals available on certain Jeep models:

• Renegade and Cherokee: Up to $1,000 cash allowance.
• Compass: Up to $1,500 cash allowance.
• Grand Cherokee L and regular Grand Cherokee: Up to $6,000 and $5,000 cash allowance, respectively.

Keep in mind that deals may vary depending on your location, and it's best to contact your local Jeep dealership for the most current incentives and discounts.

Search Online to Find the Best Jeep Cherokee Deals and Discounts

In the digital age, one of the most effective ways to find the best deals on vehicles like the Jeep Cherokee is by searching online. Most car dealerships have an online presence and update their websites with the latest offers.

Potential buyers can also use car shopping websites to compare deals from different sellers. Social media channels, email newsletters, and online auto forums are other valuable resources for spotting the best discounts.

However, it's important to consider factors beyond just the deal, such as the vehicle's features, performance, maintenance costs, and resale value. Doing thorough research and comparing different offers can help consumers make the most informed decision when buying a car.