Current:Home > InvestA new Jeep Cherokee is all but guaranteed and it can't come soon enough -WealthMap Solutions
A new Jeep Cherokee is all but guaranteed and it can't come soon enough
View
Date:2025-04-27 15:33:39
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! (21)
Related
- Appeals court scraps Nasdaq boardroom diversity rules in latest DEI setback
- South Portland’s Tar Sands Ban Upheld in a ‘David vs. Goliath’ Pipeline Battle
- Antarctic Ocean Reveals New Signs of Rapid Melt of Ancient Ice, Clues About Future Sea Level Rise
- Pregnant Chanel Iman Engaged to NFL Star Davon Godchaux
- Sam Taylor
- Tom Hanks Expertly Photobombs Kristen Bell and Dax Shepard’s Date Night
- The Best Memorial Day 2023 You Can Still Shop Today: Wayfair, Amazon, Kate Spade, Nordstrom, and More
- Orlando Bloom's Shirtless Style Leaves Katy Perry Walking on Air
- Trump wants to turn the clock on daylight saving time
- Kim Kardashian’s SKIMS Only Has Sales Twice a Year: Don't Miss These Memorial Day Deals
Ranking
- Scoot flight from Singapore to Wuhan turns back after 'technical issue' detected
- Taylor Swift sings surprise song after fan's post honoring late brother goes viral
- Ohio House Passes Bill to Roll Back Renewable Energy Standards, Again
- New malaria vaccine offers a ray of hope to Nigeria. There's just one thing ...
- EU countries double down on a halt to Syrian asylum claims but will not yet send people back
- American Climate Video: The Family Home Had Gone Untouched by Floodwaters for Over 80 Years, Until the Levee Breached
- Ted Lasso's Tearful Season 3 Finale Teases Show's Fate
- Taking the Climate Fight to the Streets
Recommendation
Paris Hilton, Nicole Richie return for an 'Encore,' reminisce about 'The Simple Life'
Unchecked Global Warming Could Collapse Whole Ecosystems, Maybe Within 10 Years
New Study Shows Global Warming Intensifying Extreme Rainstorms Over North America
Trump Admin Responds to Countries’ Climate Questions With Boilerplate Answers
Who are the most valuable sports franchises? Forbes releases new list of top 50 teams
6 Ways Andrew Wheeler Could Reshape Climate Policy as EPA’s New Leader
The Polls Showed Democrats Poised to Reclaim the Senate. Then Came Election Day.
Solar Power Taking Hold in Nigeria, One Mobile Phone at a Time