New & Used 2027 Jeep Grand Cherokee L for Sale near Melrose, NL

2027 Jeep Grand Cherokee L Pricing Analysis

Pricing by Trim Packages

Key Insights

• Volume Leader: The Limited 4WD trim has the highest inventory with 223 listings, indicating strong demand for this configuration.
• Premium Spread: The Summit 4WD trim, priced at $63,130 CAD, represents the highest MSRP, showcasing a $13,000 CAD premium over the Laredo 4WD trim at $43,730 CAD.
• Drivetrain Effect: All trims feature a 4X4 drivetrain, which may contribute to the overall pricing consistency across the model.

Trim-Level Details

Pricing Analysis by Model Year

Key Insights

• New-Car Premium: The 2026 model year shows an average price of $49,382 CAD, which is 20.7% above its starting MSRP of $40,920 CAD, indicating a strong market for newer models.
• Depreciation Curve: The 2021 model year has experienced the steepest depreciation at -30.3%, reflecting a significant drop in value as it ages.
• Best Value Sweet Spot: The 2024 model year, with an average price of $34,952 CAD, is the most affordable option, presenting a 12.7% depreciation from its starting MSRP, making it a potential value choice for buyers.

Model Year Pricing

These recommendations are based on CarGurus' proprietary market data from September 25, 2026, CarGurus experts' opinions, and generative AI.