Right now, things are changing in the automotive industry. With an unpredictable and unprecedented economy, increasingly more people are holding onto their money. That means automakers and auto dealerships are seeing slower sales than usual. High-priced vehicles aren’t selling like they once were. And that’s leaving typically popular models like the Jeep Cherokee sitting unsold. If you search online, you can find potential savings on new Jeep Cherokee models that need to be sold.
Thanks to a combination of different factors, Jeep Cherokee vehicles are sitting on dealership lots. That means you could save if you shop right now. But offers are constantly changing – search online to see the latest offers and incentives available on the Jeep Cherokee.
If you’re shopping for a new Jeep Cherokee, here’s why you might want to buy right now.
Jeep Cherokees Aren’t Selling and Dealerships Are Stuck
While some automakers are still seeing strong sales, the economic changes that have happened in 2020 are causing slow or nonexistent sales for others. And some vehicles in particular have been hit hard – like once-popular SUVs that consumers simply aren’t interested in.
That’s exactly what’s happening to the Jeep Cherokee. A staple in Jeep’s SUV lineup, the Cherokee is usually a strong-selling model. However, throughout 2020, sales have been down. Cherokee models that are both affordable and expensive aren’t selling.
For example, the Jeep Grand Cherokee (which retails for $43,000 new) was Jeep’s best-selling model in the first half of 2020. However, ever since then, the Grand Cherokee isn’t moving at all. Sales plunged by 20 percent, then dropped by another 30 percent. Certain trims, like the Cherokee Overland, that are more expensive have also seen very slow or completely stalled sales. Buyers are turning away from costly Cherokee models altogether.
As a result, Jeep is axing its most expensive models. Instead, the brand is launching more budget-conscious options that retail for $37,000 or less. And Jeep is also offering more incentives and deals.
Incentives have risen significantly due to the sales slowdown. Jeep is authorizing dealerships to offer as much as $3,000 off the cost of a new Jeep Cherokee. From sale events to cash offers, incentives are changing rapidly at dealerships everywhere as Jeep tries to move Cherokee models at a lower price.
Take Advantage of These Offers and Incentives on Slow-Selling Jeep Cherokee Models
Looking for ways to capitalize on the offers and low prices currently available on the Jeep Cherokee? Here’s what you can find right now.
Jeep is offering 15 percent off the price of certain 2020 Jeep Cherokee Limited FWD models. Check with your local Jeep dealership or search online to see which models this discount is available on in your area.
Depending on where you’re located, your Jeep dealership may also offer special incentives for certain models and trim options. For example, some customers can get up to a $4,500 cash allowance when buying a new 2020 Jeep Cherokee Latitude FWD. The same cash allowance is also available on higher-priced trims, like the Trailhawk and High Altitude models.
Some Jeep customers may also qualify for Customer Bonus Cash when buying a new Cherokee. Customer Bonus Cash is available from $500 to $2,500 when you meet certain residency restrictions and purchase a qualifying vehicle. Want to lease a Cherokee? You can also qualify for Lease Bonus Cash, which can total up to $1,750 if you meet the offer requirements. Returning lease customers who are already leasing a Jeep vehicle may be eligible for up to $500 in cash towards a new lease too.
The best way to save money on a new Jeep Cherokee is to constantly be searching online. Incentives can change from week to week and month to month. It’s important to search online to see the latest offers and deals so you know where you can find the best price. Each month, dealerships may be granted different allowances and incentives depending on how slow sales are. With Jeep changing its available offers regularly, you never know when you’re going to come across a new low price. It could be an opportunity to get the Jeep Cherokee you’ve been waiting to buy at a bargain of a price – but only for a limited time.
As pricing and offers change, stay informed by searching for low prices before heading to the dealership. You can even use the information you find to negotiate with different Jeep dealerships or to negotiate with any salespeople who are offering higher incentives. With information on the latest deals, you’ll be able to get a great price on a great Cherokee.