Current:Home > ContactA new Jeep Cherokee is all but guaranteed and it can't come soon enough -FutureFinance
A new Jeep Cherokee is all but guaranteed and it can't come soon enough
View
Date:2025-04-19 23:42:08
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! (4765)
Related
- Costco membership growth 'robust,' even amid fee increase: What to know about earnings release
- Allegations left US fencers pitted against each other weeks before the Olympics
- Divers Sarah Bacon and Kassidy Cook win Team USA's first medal in Paris
- Who plays Deadpool, Wolverine and Ladypool in 'Deadpool and Wolverine'? See full cast
- DeepSeek: Did a little known Chinese startup cause a 'Sputnik moment' for AI?
- Vigils planned across the nation for Sonya Massey, Black woman shot in face by police
- Body found in Phoenix warehouse 3 days after a storm partially collapsed the roof
- Tom Cruise, John Legend among celebrities on hand to watch Simone Biles
- 2025 'Doomsday Clock': This is how close we are to self
- Even on quiet summer weekends, huge news stories spread to millions more swiftly than ever before
Ranking
- Realtor group picks top 10 housing hot spots for 2025: Did your city make the list?
- Meet the trio of top Boston Red Sox prospects slugging their way to Fenway
- Olympic opening ceremony outfits ranked: USA gave 'dress-down day at a boarding school'
- After years of fighting Iowa’s strict abortion law, clinics also prepared to follow it
- Newly elected West Virginia lawmaker arrested and accused of making terroristic threats
- The 30 Most-Shopped Celeb Recommendations This Month: Paris Hilton, Sydney Sweeney, Paige DeSorbo & More
- For USA climber Zach Hammer, opening ceremony cruise down Seine was 15 years in the making
- Rafael Nadal will compete in singles at the Paris Olympics, his manager tells the AP
Recommendation
Trump issues order to ban transgender troops from serving openly in the military
Real Housewives of New Jersey Star Melissa Gorga’s Hacks for Stress-Free Summer Hosting Start at $6.49
How 2024 Olympics Heptathlete Chari Hawkins Turned “Green Goblin” of Anxiety Into a Superpower
American Morelle McCane endured death of her brother during long road to Olympics
Trump invites nearly all federal workers to quit now, get paid through September
Why Olympian Jordan Chiles Almost Quit Gymnastics
Oldest zoo in the US finds new ways to flourish. See how it is making its mark.
Horoscopes Today, July 27, 2024