The 2007
Jeep Compass is all new, a term usually meaning that a vehicle has been completely redesigned. But in the case of the Compass, it's a completely new vehicle: first generation.
One way to measure the value of the Compass might be to compare it to the trusty Jeep Cherokee that was enormously popular for 18 years and finally ended its run in 2001. The Compass is slightly bigger and light years better than the Cherokee was 10 years ago. The new Compass costs about $1000 less, in today's dollars. When you consider inflation (28 percent by the Consumer Price Index), that number blows up to more than $6000 cheaper.
The Compass is built on a front-wheel-drive, car-based platform (called the GS, a modified version of a platform that supports the Mitsubishi Lancer). The Compass comes with a choice of front-wheel drive or all-wheel drive.