Current:Home > ScamsA new Jeep Cherokee is all but guaranteed and it can't come soon enough -MoneySpot
A new Jeep Cherokee is all but guaranteed and it can't come soon enough
View
Date:2025-04-16 10:51:21
Everyone knows what a Jeep is, but Jeep’s problem is not enough people want to buy Jeeps these days. There are a few possible reasons for this, from too many mainstream Jeep models costing luxury-car money (even though Jeep is not a luxury brand) to not enough options to choose from on the lower end of its lineup (but a plethora of larger, pricier three-row options at the top end). A number of Jeep's affordable models have melted away — notice you can't buy a new Renegade or Cherokee anymore, just the compact Compass.
These are snags Jeep's newish CEO Antonio Filosa must untangle. With the current model portfolio, “we’re competing with 45 percent of the market,” Filosa said in an interview withMotorTrend. That’s not good enough, apparently; by 2027, he hopes that figure will grow to 85 percent.
At the heart of the company’s growth plan is a three-model midsize offensive (even though it includes some sub-midsize options), because that’s where the profits live.
The first offering is one we just saw: the $72,000 2024 Jeep Wagoneer S EV. The second will be theJeep Recon, the brand’s more rugged and adventure-focused EV (think aRivian R3, or an electric Wrangler-adjacent thing). And while Filosa refused to confirm what the third yet unnamed model is, we’re betting it’ll be a new Cherokee.
Jeep Wagoneer Series II review:The good and bad in all 3 rows
It would make sense. Jeepkilled off the compact Cherokee in 2023 and didn’t name a replacement, thus locking itself out of the lucrative segment for more than a year, which was costly. We know anext-gen Cherokee is pretty imminent, so if Jeep is looking for another popularly sized SUV to catch sales with, this is likely the one. The Cherokee is a recognized and beloved nameplate, so it’s doubtful something like theJeep Liberty would see reincarnation.
2024 Jeep Wrangler:The 4xe Dispatcher Concept is a retro-inspired off-road hybrid
We’ve reported the probability of the next-gen Cherokee benefiting from electrification thanks to the flexibility of Stellantis’ new STLA platform, but whether that means as a hybrid, PHEV or a pure BEV is still unclear. However, Filosa said the vehicle, whatever it is, won’t be a BEV “at first.”
Seeing as the compact and midsize SUV segments are still the hottest, Jeep is eager to get back in the former and claim a piece of the pie. (Jeep's Grand Cherokee and three-row Grand Cherokee L models cover the midsize spread.) We’re due for a new Cherokee, anyway — the smallish Compass isn't exactly a proper Honda CR-V, Toyota RAV4 or Nissan Rogue competitor, despite costing nearly as much as those roomier offerings. It seems the new Cherokee won't have aless problematic name — after all, there is a lot of equity (to Jeep) in that nameplate — but we hope it'll be priced in a way that’ll draw in more mainstream buyers.
Photos by manufacturer
veryGood! (8)
Related
- FACT FOCUS: Inspector general’s Jan. 6 report misrepresented as proof of FBI setup
- Israel confirms deaths of 4 more hostages, including 3 older men seen in Hamas video
- Congressman's son steals the show making silly faces behind dad during speech on the House floor
- Texas A&M president says traditional bonfire will not return as part of renewed Texas rivalry
- Federal court filings allege official committed perjury in lawsuit tied to Louisiana grain terminal
- Ohio and Pennsylvania Residents Affected by the East Palestine Train Derailment Say Their ‘Basic Needs’ Are Still Not Being Met
- Halsey Lucky to Be Alive Amid Health Battle
- First-in-the-Nation Geothermal Heating and Cooling System Comes to Massachusetts
- Meet the volunteers risking their lives to deliver Christmas gifts to children in Haiti
- Carrie Underwood Shares Glimpse at Best Day With 5-Year-Old Son Jacob
Ranking
- Retirement planning: 3 crucial moves everyone should make before 2025
- Walmart settlement deadline approaches: How to join $45 million weighted-grocery lawsuit
- Animal control officers in Michigan struggle to capture elusive peacock
- Race Into Father’s Day With These 18 Gift Ideas for Dads Who Love Their Cars
- Retirement planning: 3 crucial moves everyone should make before 2025
- Horoscopes Today, June 3, 2024
- In new Hulu show 'Clipped,' Donald Sterling's L.A. Clippers scandal gets a 2024 lens: Review
- The Best All-in-One Record Players for Beginners with Bluetooth, Built-in Speakers & More
Recommendation
Elon Musk's skyrocketing net worth: He's the first person with over $400 billion
Missouri court changes date of vote on Kansas City police funding to August
Downed power line shocks 6-year-old Texas boy and his grandmother, leaving them with significant burns in ICU
Stephen A. Smith fires back at Monica McNutt's blunt 'First Take' comments
Federal hiring is about to get the Trump treatment
Baltimore Sun managing editor to retire months after the paper was sold
Jason Sudeikis asked Travis Kelce about making Taylor Swift 'an honest woman.' We need to talk about it
Erich Anderson, 'Friday the 13th' and 'Felicity' actor, dies after cancer battle