Jeep Grand Cherokee Vehicles have experienced a considerable decrease in their selling price recently. This model has gone through a strong reduction in its selling price.
The selling price for Jeep Grand Cherokee cars has had a strong depreciation during the last 6 months we have studied. The average price in March was of $72,376. This price hardly went through any changes and remained at $73,619 during April. The following two months the selling price went through a strong reduction of -23 % compared to the previous two months studied. In the last two, the price has gone through a -8 % devaluation compared to the previous average values going down from $64,753 to $59,458 during July and August.
The average price for Jeep Grand Cherokee has had a strong rise in recent years. Between 2005 and 2017, the average price is $36,137.7. There was a significant inflation of the average price in 2005 ($15,986) moving up till ($73,641)in 2017. During the next two years (2018, 2019) the price for the aforementioned model has gone up strongly a 116 %. During the last two years, prices in the car industry have gone up 11 % 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 ($88,050.5) and the the last two years that were studied (2020, 2021) with a price of $98,085.
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 80 % more affordable than the average price ($61,733). Next with a price of $30,443 and a mileage range of "100,000 - 200,000" we would see the following vehicles. The mileage range for the most expensive cars is "less than 10,000". It is 48% more costly than the average market value followed by those vehicles with a mileage of "25,000 - 50,000" and a price of $78,661.
The graph showing the average price for the fuel type for Jeep Grand Cherokee cars points out to "Gasoline" as being the cheapest fuel type. It is 24 % less expensive than the average market price ($61,733) followed by "Diesel" priced at $69,575. On average the most expensive type of fuel is "Diesel". It´s price is 13 % higher than the average market price followed by "Gasoline" which costs $46,625.