Jeep Grand Cherokee Vehicles have gone through a strong increase in their selling price recently. There has been a considerable inflation in the selling prices for this model.
The retail prices for Jeep Grand Cherokee cars have gone through a strong rise during the last 6 months. The average price in January was of $84,491. This price hardly went through any changes and remained at $87,132 during February. During the following two months (March, April) the average selling price rose somewhat going from $85,811.5 to $91,188.5. The average price has had spectacular rise of 184 % with an average price of $88,500 during the previous 4 months and $251,463 during the most recent months in May and June.
The average price for Jeep Grand Cherokee has had a strong rise in recent years. Between "before 2000" and 2017, the average price is $19,010.11. There was a significant inflation of the average price in "before 2000" ($4,247) moving up till ($59,754)in 2017. During the next two years (2018, 2019) the price for the aforementioned model has gone up strongly a 311 %. During the last two years, prices in the car industry have experienced a depreciation of -7 % compared to the average prices for the previous 4 years. This has been obtained from prices from the the previous four years in a previous sample ($73,164.75) and the the last two years analyzed (2020, 2021) with a price of $68,249.5.
The graph that displays the price for Jeep Grand Cherokee cars according to their mileage shows that those cars within a mileage range of "more than 200,000" are the ones with the lowest price. They are 98 % more affordable than the average price ($408,441). Next with a price of $54,320 and a mileage range of "50,000 - 100,000" we would see the following vehicles. The mileage range for the most affordable cars is "100,000 - 200,000". It is 39% less expensive than the average market value followed by those cars with a mileage of "less than 10,000" priced at $90,264.
The graph showing the average price for the fuel type for Jeep Grand Cherokee cars points out to "Flexible Fuel" as being the cheapest fuel type. It is 96 % less expensive than the average market price ($408,441) followed by "Flexible" priced at $22,529. On average the cheapest type of fuel is "Gas". It´s price is 78 % more affordable than the average market value followed by "Gasoline" with a price of $61,522.