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 for June is $66,029. During July there was a slight reduction in the selling prices dropping till $56,628. The following two months the selling price went through a strong reduction of -26 % compared to the previous two months studied. In the last two months, the price has gone through a strong devaluation of -20 % compared to the 4 previous average values going down from $53,423.25 to $42,814.5.
The average price for Jeep Grand Cherokee has had a strong rise in recent years. Between 2011 and 2016, the average price is $31,112.33. There was a significant inflation of the average price in 2011 ($18,326) moving up till ($45,542)in 2016. During the next two years (2017, 2018) the price for the aforementioned model has gone up strongly a 82 %. During the last two years, prices in the car industry have gone up 13 % 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 ($64,692.25) and the the last two years that were studied (2019, 2020) with a price of $72,831.
The graph that displays the price for Jeep Grand Cherokee cars according to their mileage shows that those cars within a mileage range of "100,000 - 200,000" are the ones with the lowest price. They are 41 % more affordable than the average price ($44,017). Next with a price of $41,873 and a mileage range of "50,000 - 100,000" we would see the following vehicles. The mileage range for the most expensive cars is "10,000 - 25,000". 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 $55,014.
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 18 % less expensive than the average market price ($44,017) followed by "Petrol" priced at $36,577. On average the most expensive type of fuel is "Diesel". It´s price is 7 % higher than the average market price followed by "Petrol" which costs $36,577.