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. During the first month analyzed in November the average price was $107,485. December went through a strong inflation with a rise in the price till $227,685. The following two months the selling price went through a strong reduction of -39 % compared to the previous two months studied. In the last two months, the price has gone through a strong devaluation of -26 % compared to the 4 previous average values going down from $135,129.75 to $100,434.5.
The average price for Jeep Grand Cherokee has had a strong rise in recent years. Between "before 2000" and 2018, the average price is $23,457.7. There was a significant inflation of the average price in "before 2000" ($4,564) moving up till ($87,957)in 2018. During the next two years (2019, 2020) the price for the aforementioned model has gone up strongly a 182 %. During the last two years, prices in the car industry have gone up 7 % compared to the average values for the previous 4 years. This conclusion was reached from studying the prices for the the preceding four years in previous sample ($71,567.25) and the the last two years that were studied (2021, 2022) with a price of $76,909.
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 92 % more affordable than the average price ($100,186). Next with a price of $33,788 and a mileage range of "100,000 - 200,000" we would see the following vehicles. The mileage range for the most affordable cars is "less than 10,000". It is 6% less expensive than the average market value followed by those cars with a mileage of "25,000 - 50,000" priced at $82,341.
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 84 % less expensive than the average market price ($100,186) followed by "Flexible" priced at $27,721. On average the cheapest type of fuel is "Gas". It´s price is 11 % more affordable than the average market value followed by "Gasoline" with a price of $63,159.