• New Cherokee to start from $23,990
  • Four trim levels: Sport, Latitude, Limited, Trailhawk
  • Offers many safety and tech upgrades over outgoing Liberty

The all-new 2014 Jeep Cherokee will be priced from $23,990 including destination when it goes on sale this fall. That's the latest from Jeep, which recently announced the Cherokee's pricing after unveiling it earlier this year at the New York Auto Show.

With a base price of $22,995 before shipping, the Cherokee is around $400 less expensive than the Liberty it replaces. That's big news, since the Cherokee offers revamped styling, improved fuel economy and a long list of new technology and safety features.

Base-level Cherokee models are called the Sport. Like the Liberty, the Cherokee comes standard with rear-wheel drive, while 4-wheel drive is a $2,000 option. Standard features include a 5-inch touchscreen with Chrysler's Uconnect infotainment system, anti-lock brakes, cruise control, keyless entry and a full-color LED display in the gauge cluster.

For $1,500 above the Sport's base price -- or $25,490 with shipping -- buyers can step up to the Cherokee Latitude. The Latitude mainly adds appearance features, such as 17-in alloy wheels, fog lights, a leather-wrapped steering wheel and body-colored mirrors and door handles.

The next step up is the luxury-oriented Cherokee Limited. The Limited starts at $28,990 with shipping -- a hefty figure, but one that boasts nearly all options. For example, standard features include a remote starter, a 7-in touchscreen, heated seats, a reversing camera, dual-zone automatic climate control and dual power front seats.

Topping the Cherokee lineup is the off-road-oriented Trailhawk model. Starting at $30,485 with shipping, the Trailhawk includes standard 4-wheel drive. It also offers off-road items such as skid plates, hill ascent and descent control, tow hooks, wheel flares and an increased ride height.

All Cherokee models come standard with a 9-speed automatic transmission. According to Jeep, the new transmission, which replaces the Liberty's aging 4-speed, returns improved fuel economy and acceleration.

Also standard on all Cherokee models is a 2.4-liter MultiAir 4-cylinder, which makes 184 horsepower and 171 lb-ft of torque. Chrysler's 3.2-liter Pentastar V6, which makes 271 hp, is optional. Other options include a panoramic sunroof, a navigation system, a wireless charging pad and an upscale Alpine audio system.

The Cherokee replaces the Liberty in Jeep's lineup, slotting above the compact Compass and below the midsize Grand Cherokee. When it reaches dealers this fall, the Cherokee's rivals will include the Ford Escape, the Hyundai Santa Fe Sport and the Toyota RAV4.

What it means to you: If you're considering a compact SUV, the 2014 Jeep Cherokee looks like it may field a strong challenge to today's best-sellers.

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Doug DeMuro has a wide range of automotive industry experience, from work at a Ferrari dealership to a manager for Porsche North America. A lifelong car enthusiast, Doug's eclectic vehicle purchases include a Porsche 911 Turbo, an E63 AMG wagon, an old Range Rover and a Mercedes Benz G-wagen.

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