Jeep Grand Cherokee price slashed again, this time by over $22,000

Jeep has taken another big axe to the price of its Grand Cherokee to help clear stock of the slow-selling large SUV, which the ailing American off-road brand announced it would discontinue in Australia two months ago.

The five-seat Jeep Grand Cherokee Limited is now available for $62,000 drive-away, including premium paint (usually a $1490 option).

This end of financial year offer marks a $22,000-plus saving on its normal price of $72,950 before on-road costs, or $82,730 drive-away in Sydney.

That makes it cheaper than the entry-level Grand Cherokee Night Eagle, and it’s in addition to price cuts of between $11,000 and $28,000 that were applied across the MY23 Grand Cherokee lineup in May 2024.

Reduced prices offered on the Jeep Grand Cherokee are available now. Contact a dealer via CarExpert for the best deal or call our Concierge team on 1300 587 992.

At the time, the price of the flagship seven-seat Summit Reserve was reduced to $91,450 plus on-roads, and the price of the base Night Eagle was trimmed by more than $10,000 to $65,450 before on-roads before on-roads.

After announcing it would axe the long-running large SUV in March, Jeep Australia says it has about three to four months’ worth of Grand Cherokee stock currently remaining in its dealer network.

All Grand Cherokees are powered by a 3.6-litre petrol V6 delivering 209kW of power and 347Nm of torque, matched exclusively to an eight-speed automatic transmission and full-time four-wheel drive.

The exception is the flagship shelf Summit Reserve 4xe, which produces 280kW/637Nm from its turbocharged 2.0-litre plug-in hybrid four-cylinder powertrain and tops the range at $110,850 before on-roads.

Although its WK2 predecessor was briefly Australia’s best-selling large SUV, the new WL generation – which first arrived here in 2022 – has proved much less popular despite the wider model range, including the PHEV and a long-wheelbase version with seven seats.

That said, the Grand Cherokee has been Jeep’s top-seller this year, with 103 examples sold in April (up 87 per cent on the same month last year) and 346 registrations logged so far in 2025 – up 36 per cent year-to-date.

However, overall Jeep sales were down by more than 24 per cent in the first four months of this year, following a near-49 per cent slide in 2024, when just 2377 sales were reported and when the Grand Cherokee found 645 new homes – down more than 48 per cent on the prior year and fewer than the Wrangler.

The departure of the Grand Cherokee in coming months will leave Jeep with just four models: the Avenger light electric SUV, Compass small SUV, Wrangler large off-roader and Gladiator ute.

That is at least until two new electric SUVs join the range – the Recon and Wagoneer S, which were promised for this market way back in September 2022.

While an updated Grand Cherokee has been teased in the US, it’s unlikely to come here – though Jeep Australia appeared to leave the door open earlier this year by saying it wasn’t discontinuing the Grand Cherokee but “pausing availability”.

MORE: Everything Jeep Grand Cherokee