Times Online (Enlarge photo)

05/10/2008 07:03. For the Jeep Grand Cherokee, 2008 has been an annus horribilis. Economic gloom, rising fuel prices and an increasing hostility from environmentalists towards 4x4s have seen second-hand values dropping like bank shares.

Today a Grand Cherokee diesel changes hands at auction for about half its new list price just one year ago. That is serious depreciation, and bad news if you’re an owner, but terrible news if you’re a dealer with a full showroom. It’s great news, though, if you fancy buying a second-hand example of “America’s Range Rover”.

Introduced to the UK in June 2005, the latest Grand is 2in longer and half an inch wider than its predecessor. But the latest model still suffers from reverse Tardis syndrome — big on the outside, small on the inside — and it’s... // Times Online