"Dealers eager to make room for new arrivals may be more willing to negotiate on these new models that have been waiting on lots for up to two years."
"But if dealers are struggling to move an older, leftover 2024 or 2025 model, it can be an opportunity for buyers who want new car peace of mind and warranty coverage at a reduced price."
"Jeep has been in a rut this decade, despite the brand's well-known off-road capabilities that have carried it for most of the past century. It has experienced six consecutive years of U.S. sales declines,"
An analysis of 2.6 million new-car listings finds substantial percentages of 2024 and 2025 models remain on dealer lots when 2026 models arrive. High leftover percentages increase buyer leverage and motivate dealers to negotiate to clear space. The industry average leftover for all 2024 models is 0.4 percent, but certain models show far higher rates. The Jeep Grand Cherokee has 70.8 percent of its 2024 inventory offered, while the Grand Wagoneer L and Wrangler PHEV also rank among the top ten. Jeep models are expensive relative to the $49,000 average new-car price, and prolonged Jeep sales declines at parent Stellantis amplify inventory and pricing pressures.
Read at 24/7 Wall St.
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