Jeep still has stock of the Grand Cherokee left to sell, five months after axing it from showrooms – and has now cut a staggering $33,690 off the price of the plug-in hybrid.
Jeep has slashed the price of the Grand Cherokee plug-in hybrid (PHEV) by close to $34,000 to clear stock equivalent of between two and a half, and nearly four years' worth of sales, five months after it was cut from local showrooms.
The latest price cut of $33,690 – now $77,760 plus on-road costs, down from $111,450 – follows an $18,500 reduction in the Grand Cherokee PHEV's RRP in May 2024 (from $129,950).
It means the final stock of the Grand Cherokee PHEV is $52,190 cheaper than the same vehicles 18 months ago.
Jeep has only 90 examples of the PHEV left in stock nationally, yet it still represents 3.75 times the 24 sales recorded by the plug-in Grand Cherokee Summit Reserve 4xe last year.
Based on the 18 vehicles sold from January to June 2025, the 90 vehicles equate to two and a half years of demand.
Grand Cherokee deliveries last year slumped by 96 per cent compared to a decade earlier – at just 645 sales, against 16,582 in 2014 – only 24 of which were plug-in hybrids.
The US car giant sits 34th on the sales charts so far this year, its deliveries down 18.2 per cent in a new-car market down 0.9 per cent.
The new $77,760 price for the final batch of Grand Cherokee PHEVs is lower than the base-model petrol Night Eagle grade at the start of 2024, as well as the final RRP for the mid-grade Overland five-seater, both $77,950 plus on-road costs.
It is now cheaper than a Kia Sorento plug-in hybrid ($84,660 plus on-road costs), and in line with a mid-grade Mazda CX-60 P50e Touring plug-in hybrid ($72,285 plus on-road costs), both of which are smaller, and similarly or not as well equipped.
Jeep claims the price cut "reflects Jeep’s commitment to delivering greater value and accessibility in the premium electrified SUV space, without compromising on luxury, technology, or capability."
Powering the Grand Cherokee plug-in hybrid is a 2.0-litre turbo-petrol four-cylinder engine mated with an electric motor and 17.3kWh battery pack, for system outputs of 280kW and 637Nm.
It claims 52km of electric driving range in NEDC lab testing, and fuel consumption of 3.2 litres per 100 kilometres, relying heavily on a fully-charged battery.
The plug-in hybrid Grand Cherokee price cut is the latest in a line of hefty discounts on Jeep vehicles, as the company attempts to reverse a sales slide.
It cut the price of the Avenger city electric SUV by $16,000 to $40,000 drive-away in a special offer earlier this year, rolled out an offer of nearly $25,000 off the Gladiator ute last year, and dropped Grand Cherokee RRPs by $11,000 to $28,000 in May 2024.
Alex Misoyannis has been writing about cars since 2017, when he started his own website, Redline. He contributed for Drive in 2018, before joining CarAdvice in 2019, becoming a regular contributing journalist within the news team in 2020. Cars have played a central role throughout Alex’s life, from flicking through car magazines at a young age, to growing up around performance vehicles in a car-loving family. Highly Commended - Young Writer of the Year 2024 (Under 30) Rising Star Journalist, 2024 Winner Scoop of The Year - 2024 Winner
