Current:Home > NewsA new Jeep Cherokee is all but guaranteed and it can't come soon enough -Zenith Investment School
A new Jeep Cherokee is all but guaranteed and it can't come soon enough
View
Date:2025-04-13 23:44:10
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! (581)
Related
- Skins Game to make return to Thanksgiving week with a modern look
- Mike Tyson vs. Jake Paul fight odds will shift the longer the heavyweight bout goes
- My Chemical Romance will perform 'The Black Parade' in full during 2025 tour: See dates
- Over 1.4 million Honda, Acura vehicles subject of US probe over potential engine failure
- Federal court filings allege official committed perjury in lawsuit tied to Louisiana grain terminal
- FC Cincinnati player Marco Angulo dies at 22 after injuries from October crash
- Can I take on 2 separate jobs in the same company? Ask HR
- Jennifer Garner Details Navigating Grief 7 Months After Death of Her Dad William Garner
- Toyota to invest $922 million to build a new paint facility at its Kentucky complex
- John Krasinski named People magazine’s 2024 Sexiest Man Alive
Ranking
- Could Bill Belichick, Robert Kraft reunite? Maybe in Pro Football Hall of Fame's 2026 class
- John Krasinski Reveals Wife Emily Blunt's Hilarious Response to His Sexiest Man Alive Title
- Sister Wives’ Meri Brown Shares Hysterical Farmers Only Dating Profile Video After Kody Split
- RHOBH's Kyle Richards Addresses PK Kemsley Cheating Rumors in the Best Way Possible
- This was the average Social Security benefit in 2004, and here's what it is now
- My Chemical Romance returns with ‘The Black Parade’ tour
- Ben Foster Files for Divorce From Laura Prepon After 6 Years of Marriage
- Watch: Military dad's emotional return after a year away
Recommendation
The Louvre will be renovated and the 'Mona Lisa' will have her own room
Roy Haynes, Grammy-winning jazz drummer, dies at 99: Reports
Tom Brady Shares How He's Preparing for Son Jack to Be a Stud
Charles Hanover: A Summary of the UK Stock Market in 2023
The Daily Money: Spending more on holiday travel?
Beyoncé course coming to Yale University to examine her legacy
Voyager 2 is the only craft to visit Uranus. Its findings may have misled us for 40 years.
Judge sets April trial date for Sarah Palin’s libel claim against The New York Times