Current:Home > StocksA new Jeep Cherokee is all but guaranteed and it can't come soon enough -FundWay
A new Jeep Cherokee is all but guaranteed and it can't come soon enough
View
Date:2025-04-15 13:39:10
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! (9225)
Related
- A Mississippi company is sentenced for mislabeling cheap seafood as premium local fish
- Taylor Swift's Net Worth Revealed After Becoming a Billionaire
- Opinion: Trading for Davante Adams is a must for plunging Jets to save season
- Supreme Court rejects appeal from Texas officer convicted in killing of woman through her window
- Travis Hunter, the 2
- Matthew Broderick Says He Turned Down SATC Role as the Premature Ejaculator
- Padres' Jurickson Profar denies Dodgers' Mookie Betts of home run in first inning
- Off the Grid: Sally breaks down USA TODAY's crossword puzzle, Cross My Heart (Freestyle)
- Nearly half of US teens are online ‘constantly,’ Pew report finds
- Opinion: Kalen DeBoer won't soon live down Alabama's humiliating loss to Vanderbilt
Ranking
- Sonya Massey's father decries possible release of former deputy charged with her death
- Billie Eilish setlist: See the songs she's playing on her flashy Hit Me Hard and Soft tour
- Harris talks abortion and more on ‘Call Her Daddy’ podcast as Democratic ticket steps up interviews
- Amari Cooper pushes through frustrations, trade rumors as Browns continue to slide
- 2025 'Doomsday Clock': This is how close we are to self
- Holiday shopping begins: Amazon, Walmart, more retailers have big sales events this week
- Pennsylvania high court declines to decide mail-in ballot issues before election
- Robert Coover, innovative author and teacher, dies at 92
Recommendation
Juan Soto to be introduced by Mets at Citi Field after striking record $765 million, 15
Georgia Supreme Court halts ruling striking down state’s near-ban on abortions as the state appeals
Veterans of Alaska’s Oil Industry Look to Blaze a Renewable Energy Pathway in the State
NASA, SpaceX delay launch to study Jupiter’s moon Europa as Hurricane Milton approaches
Juan Soto praise of Mets' future a tough sight for Yankees, but World Series goal remains
Voters in North Carolina and Georgia have bigger problems than politics. Helene changed everything
Cissy Houston, Whitney Houston’s mother and a Grammy-winning singer, dies at 91
Alabama's stunning loss, Missouri's unmasking top college football Week 6 winners and losers