Posted 2/24/2024, 7:46:00 PM
Jeep Lowers Prices Across Lineup in Response to 2022 Sales Drop
- Jeep is lowering prices across multiple models like the Grand Cherokee and Gladiator in response to high interest rates and tougher competition
- The 2024 Jeep Compass starts below $26,000, an average drop of $2,500
- The 2024 Jeep Wrangler includes $3,000 worth of new standard features
- Jeep plans to launch its first fully electric SUVs in the US - the Jeep Recon and Jeep Wagoneer S - in 2024
- Jeep lost significant market share in 2022 due to higher prices; CEO Tavares has expressed dissatisfaction with 2022 performance