Current:Home > InvestA new Jeep Cherokee is all but guaranteed and it can't come soon enough -TradeWise
A new Jeep Cherokee is all but guaranteed and it can't come soon enough
View
Date:2025-04-13 15:20:01
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! (72827)
Related
- Nearly 400 USAID contract employees laid off in wake of Trump's 'stop work' order
- Charges won't be filed in fatal shooting of college student who went to wrong house
- Crypto scammers conned a man out of $25,000. Here's how you can avoid investment scams.
- 'The Amazing Race' Season 35 cast: Meet the teams racing around the world
- Man can't find second winning lottery ticket, sues over $394 million jackpot, lawsuit says
- NBA referee Eric Lewis retires amidst league's investigation into social media account
- Waffle House index: 5 locations shuttered as Hurricane Idalia slams Florida
- At 61, Meg Ryan is the lead in a new rom-com. That shouldn’t be such a rare thing.
- Finally, good retirement news! Southwest pilots' plan is a bright spot, experts say
- John McEnroe to miss calling 2023 US Open after testing positive for COVID
Ranking
- Arkansas State Police probe death of woman found after officer
- Michael Jackson's Sons Blanket and Prince Jackson Make Rare Joint Appearance on Dad's 65th Birthday
- Los Angeles Rams downplay notion Matthew Stafford struggling to ‘connect’ with teammates
- Iraq court sentences 5 people to life in prison in killing of US citizen, officials say
- The Grammy nominee you need to hear: Esperanza Spalding
- Cincinnati Bengals quarterback Joe Burrow returns to practice as team prepares for Browns
- 'Bottoms' review: Broken noses and bloodshed mark this refreshingly unhinged teen comedy
- Remains of Vermont World War II soldier to be buried at Arlington National Cemetery
Recommendation
'Malcolm in the Middle’ to return with new episodes featuring Frankie Muniz
6-foot beach umbrella impales woman's leg in Alabama
Ditch the Bug Spray for These $8 Mosquito Repellent Bracelets With 11,200+ 5-Star Amazon Reviews
Jesse Palmer Reveals the Surprising Way The Golden Bachelor Differs From the OG Franchise
Justice Department, Louisville reach deal after probe prompted by Breonna Taylor killing
Mitch McConnell appears to freeze again during exchange with reporters
In ‘Equalizer 3,’ Denzel Washington’s assassin goes to Italy
6-foot beach umbrella impales woman's leg in Alabama