2023 Jeep Grand Cherokee Laredo Used Prices & AI Forecast

The Jeep Grand Cherokee Laredo is the entry trim of Jeep's premium mid-size SUV — sitting below Limited, Trailhawk, Overland, Summit, and the new SRT/Trackhawk performance variants. Laredo is often overlooked by buyers who assume 'base trim' means 'bare bones' — but the Laredo comes well-equipped and represents strong value in the mid-size SUV segment.

The 2022 redesign introduced the WL-generation Grand Cherokee — an all-new platform shared with Alfa Romeo and Maserati. Pre-2022 (WK2-generation, 2011-2021) Grand Cherokees are dramatically cheaper used but also dramatically older architecturally. 2022+ Laredos are where future value sits; pre-2022 Laredos are cheaper entry points but facing accelerating depreciation.

2022+ Laredos come standard with the 3.6L Pentastar V6. The 5.7L HEMI V8 is available at the same trim — seek it out for the stronger sound and towing. Plug-in hybrid (4xe) is offered from 2022 but primarily at higher trims. 8-speed automatic is standard. 4x4 Laredos command $2,500-$3,500 premium over 4x2 and sell significantly faster.

The Laredo X Package adds leatherette seats, 20-inch wheels, and premium audio — worth the $2,000-$3,000 premium because most private buyers want these features. The Altitude Package adds blacked-out trim — depreciates slower and has a strong enthusiast following.

Grand Cherokee pricing is regionally volatile. Rocky Mountain and Pacific Northwest carry 4-6% premiums due to 4x4 demand. Texas and Southeast run close to par. Northeast and salt-belt states run 2-4% below average — but frame and undercarriage rust is a concern on older units.