Depreciation
The depreciation graph and accompanying table on our page detail how the 2021 JEEP GRAND CHEROKEE's price has changed annually.
For instance, while the car initially depreciated slightly in its first year, subsequent years show a significant decrease, reflecting market trends and vehicle condition over time.
Such precise data is crucial for understanding how age and market dynamics impact car values.
The average price for new (MSRP) 2021 JEEP GRAND CHEROKEE in 2021 was $42,375.
The average price for used 2021 JEEP GRAND CHEROKEE nowadays in 2024 is $29,991 which is 71% from the original price.
Estimated mileage driven per year is 10,024 miles.
The graph below is a depreciation curve for 2021 JEEP GRAND CHEROKEE. It shows how much this model looses per year in price. This analytics is calculated using sales records from BADVIN database.
The table below shows average price for used 2021 JEEP GRAND CHEROKEE in each year since the year of manufacturing, current year price and projected price in the future years.
You can scroll the table horizontally to see all columns.
| Year | Average Mileage | Average Price | % Left | % Lost | ||
|---|---|---|---|---|---|---|
| 2021 MSRP | 0 mi | $42,375 | — | — | 100% | 0% |
| 2021 | 10,024 mi | $47,000 | −$4,625 | −10.91% | 110.91% | -10.91% |
| 2022 | 20,048 mi | $40,224 | +$6,776 | +14.42% | 94.92% | 5.08% |
| 2023 | 30,072 mi | $36,995 | +$3,229 | +8.03% | 87.3% | 12.7% |
| 2024 | 40,096 mi | $29,991 | +$7,004 | +18.93% | 70.78% | 29.22% |
| 2025 | 50,120 mi | $27,900 | +$2,091 | +6.97% | 65.84% | 34.16% |
| 2026 | 60,144 mi | $24,898 | +$3,002 | +10.76% | 58.76% | 41.24% |
| 2027 | 70,168 mi | $22,000 | +$2,898 | +11.64% | 51.92% | 48.08% |
| 2028 | 80,192 mi | $19,891 | +$2,109 | +9.59% | 46.94% | 53.06% |
| 2029 | 90,216 mi | $18,491 | +$1,400 | +7.04% | 43.64% | 56.36% |
| 2030 | 100,240 mi | $16,495 | +$1,996 | +10.79% | 38.93% | 61.07% |
| 2031 | 110,264 mi | $14,989 | +$1,506 | +9.13% | 35.37% | 64.63% |
| 2032 | 120,288 mi | $12,973 | +$2,016 | +13.45% | 30.61% | 69.39% |
| 2033 | 130,312 mi | $11,895 | +$1,078 | +8.31% | 28.07% | 71.93% |
| 2034 | 140,336 mi | $10,701 | +$1,194 | +10.04% | 25.25% | 74.75% |
Price vs Mileage
Our comprehensive analysis does not stop at depreciation; it also covers how mileage affects the JEEP GRAND CHEROKEE’s price.
With data showing detailed price points at various mileage milestones, this section helps in identifying trends and making informed decisions.
For instance, price drops at higher mileages compared to lower mileages provides insights into potential maintenance or value thresholds.
This block is particularly useful for buyers and sellers aiming to gauge the best value proposition based on vehicle mileage.
The graph below shows how mileage affects the price for 2021 JEEP GRAND CHEROKEE. This data was calculated using sales records from BADVIN database.
The table below shows average price for used 2021 JEEP GRAND CHEROKEE by mileage and number of sales.
You can scroll the table horizontally to see all columns.
| Mileage | Average Price | Sample Size |
|---|---|---|
| 5,000 mi | $33,495 | 31 sales |
| 10,000 mi | $32,414 | 139 sales |
| 15,000 mi | $31,495 | 301 sales |
| 20,000 mi | $31,099 | 661 sales |
| 25,000 mi | $30,862 | 894 sales |
| 30,000 mi | $30,129 | 1,062 sales |
| 35,000 mi | $29,991 | 931 sales |
| 40,000 mi | $29,185 | 663 sales |
| 45,000 mi | $29,155 | 465 sales |
| 50,000 mi | $28,490 | 245 sales |
| 55,000 mi | $27,990 | 187 sales |
| 60,000 mi | $26,887 | 200 sales |
| 65,000 mi | $26,500 | 132 sales |
| 70,000 mi | $25,952 | 82 sales |
| 75,000 mi | $25,993 | 54 sales |
| 80,000 mi | $25,367 | 29 sales |
| 85,000 mi | $24,500 | 29 sales |
| 90,000 mi | $23,969 | 26 sales |
Frequently asked questions
The depreciation rate can be influenced by factors such as the vehicle's condition, mileage, market demand, and the pace of technological advancements in newer models.
When buying a car, consider models with strong resale histories, opt for popular color and feature options, and evaluate current market trends for the best value retention.
Strategies to reduce the rate of depreciation include regular maintenance, keeping mileage low, avoiding significant modifications, and keeping up with all necessary repairs.
Technology plays a significant role in the depreciation of vehicles, as models with outdated tech depreciate faster due to lower consumer demand for older features.
Car depreciation is the decrease in value of a vehicle over time. It's a crucial factor to consider when calculating the total cost of vehicle ownership.
Understanding depreciation is important for car owners to manage financial expectations and make informed decisions about selling or trading in their vehicles at the right time.
A CPO vehicle offers the reliability of a new car at a lower price, backed by a comprehensive warranty, making it a great option for those seeking value and peace of mind.
The market value of a vehicle is calculated based on its historical depreciation trends, current condition, mileage, and market trends.
High mileage typically accelerates the depreciation of a vehicle, as it may indicate increased wear and tear and potential future repairs.
Aftermarket modifications can affect the depreciation of 2021 JEEP GRAND CHEROKEE either positively, by enhancing appeal to certain buyers, or negatively, by deterring those who prefer stock condition.
Other years of JEEP GRAND CHEROKEE
1998 JEEP GRAND CHEROKEE
$4,898 average used price
2,100+ sales records
2012 JEEP GRAND CHEROKEE
$11,895 average used price
69,000+ sales records
2015 JEEP GRAND CHEROKEE
$16,495 average used price
191,200+ sales records
2016 JEEP GRAND CHEROKEE
$18,491 average used price
113,800+ sales records
2019 JEEP GRAND CHEROKEE
$24,898 average used price
228,100+ sales records
2022 JEEP GRAND CHEROKEE
$36,995 average used price
31,600+ sales records
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