Going on sale this fall is an updated version of one of Land Rover’s most important models, the 2014 LR4. Fresh from its debut at the recent Frankfurt Auto Show, the 2014 LR4 has now been priced and offers great value for anyone in the market for a rugged, go-just-about-anywhere SUV with a little bit of luxury.

The 2014 Land Rover LR4 will set you back $50,595. The mid-level LR4 HSE is priced at $55,495, while the LR4 HSE LUX is priced at $60,795. All prices are inclusive of an $895 destination charge.

Gone is the naturally aspirated 5.0-liter V-8 of the previous model year; it’s been replaced by a supercharged 3.0-liter V-6 that offers nearly the same performance. The engine delivers 340 horsepower and 332 pound-feet, down slightly on the 375 horsepower and 375 pound-feet of the V-8.

A brilliant ZF eight-speed automatic has also replaced the outgoing model’s six-speeder. The transmission has allowed Land Rover engineers to add an engine stop-start system. EPA fuel economy numbers are yet to be replaced but Land Rover says mileage has been improved compared to last year.

Other features include a lighter, single-speed transfer case 4WD system as standard, with a two-speed transfer case 4WD system now part of an optional Heavy Duty Package. This package also equips the vehicle with an active locking rear differential and a full-size spare tire. Height-adjustable air suspension, a third-generation Terrain Response system and a reverse camera is all standard, however.

Seven seats split over three rows is available, along with a special Windsor Leather Package. One upgrade we’d recommend is the Meridian premium sound system.

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