This vehicle is being liquidated at a wholesale value., , The Jeep Cherokee, introduced in the 1984 model year when Jeep was part of American Motors Corporation, was the first compact 4-door sport utility. Over the years it has developed a loyal following, not only among the public but among business and government agencies. AMC's original plans called for the model now known as the Grand Cherokee to replace this vehicle, but after Chrysler and AMC merged, Chrysler continued the Cherokee line as a value-priced sport-utility alternative. The Cherokee had its first-ever redesign in 1997, though the new styling didn't stray far from the successful Cherokee look.