? recent Manheim numbers on '16 GTS

Old May 4, 2019 | 08:33 PM
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2016 AMG GTS
? recent Manheim numbers on '16 GTS

As the title states, wondering if anyone has access to recent Manheim sales prices on '16 GTS? Thanks
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Old May 6, 2019 | 11:04 AM
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Old May 6, 2019 | 12:48 PM
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2016 AMG GTS
Thanks!!!
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Old May 6, 2019 | 09:46 PM
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AMG's are subject to steep depreciation but this seems to average at 60% residual or so after 4 years, better than I expected.
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Old May 9, 2019 | 08:39 PM
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These are numbers for non-CPO cars, correct? I can't even imagine buying one of these preowned without the CPO. Seeing some CPO cars at dealers, 2016s, as low as $93K.
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Old May 10, 2019 | 05:29 AM
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Bought my 16 GTS last month for $79,295 w/ 35K miles. MSRP was $159,900. Car was in mint shape for a 3-yr old car, and was a MB Lease turn in--sold at MB auction. Still has 10 months factory warranty left as well. Good deals can be had but you have to look nationally.

I can't imagine that it will be much longer before the 2016s fall another $5-7K---as the 2017s will be coming available for $90K+ soon.
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Old May 10, 2019 | 02:57 PM
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Really can’t believe all these leases. Terms were just sh it
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Old May 10, 2019 | 11:54 PM
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Originally Posted by miami1lt
Bought my 16 GTS last month for $79,295 w/ 35K miles. MSRP was $159,900. Car was in mint shape for a 3-yr old car, and was a MB Lease turn in--sold at MB auction. Still has 10 months factory warranty left as well. Good deals can be had but you have to look nationally.

I can't imagine that it will be much longer before the 2016s fall another $5-7K---as the 2017s will be coming available for $90K+ soon.
What I don't understand about these auctions are - for a "plum" car, a rare car like a GT, why wouldn't the dealer CPO the car and resell it themselves? Why send it to auction? I can understand for the mass market volume C/E cars, that they can't CPO them all and turn them around and sell them, but why would any AMG GT car make it to auction?
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Old May 11, 2019 | 01:00 AM
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Originally Posted by nyca
What I don't understand about these auctions are - for a "plum" car, a rare car like a GT, why wouldn't the dealer CPO the car and resell it themselves? Why send it to auction? I can understand for the mass market volume C/E cars, that they can't CPO them all and turn them around and sell them, but why would any AMG GT car make it to auction?
I don't know, but I don't think MB's business model includes reselling leased vehicles at 1/2 new car price. Honestly, this car must have sold at auction for about $75K....That means they have a nice looking 3-yr old GTS on their floor for $85-90K, vs a new one for $160K. People walk in and see that and think two things: MBs race car is only $85K to get in really nice shape, and Oh no, if I buy a new car it's going to drop like a rock in depreciation. That's all I can think for the reason they offload their leased vehicles. Most of the CPOs I have seen were on trades, where a person is taking a bath on the depreciation for a trade in, but MB is able to resell at a higher price. I could be wrong, but are there laws about reselling a leased vehicle, based on what you determined was depreciation (ie. Like depreciating a rental home, and MB would have to pay a higher tax on anything above the depreciated value in the lease terms?
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Old May 11, 2019 | 07:57 AM
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A lot of auction cars have hidden problems. Non reported body damage, buy backs, severe mechanical replacements, which tends to drive prices down. Don’t believe most of these are cherry cars.
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Old May 11, 2019 | 08:10 AM
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Originally Posted by AMG 17GT
A lot of auction cars have hidden problems. Non reported body damage, buy backs, severe mechanical replacements, which tends to drive prices down. Don’t believe most of these are cherry cars.
Maybe. But...anything that is hidden is hidden. Even on another resale. You won't find a 3 yr old daily drive without rock or window chips, brake wear, etc. I would argue way more auction cars had minor and normal wear than having something severe wrong. These cars (AMGs) have always taken huge hits. They are largely overpriced to begin with compared to the competition. But when you are buying a 6-figure luxury brand that is sold in large numbers, there just isn't room to hold value. Who would pay 6-figures for a 3 year old Benz??
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Old May 11, 2019 | 09:02 AM
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The reason I mentioned the hidden problems Is that Benz dealers do not want them on their lots for these very reasons as they can’t CPO.
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Old May 11, 2019 | 09:26 AM
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Originally Posted by AMG 17GT
The reason I mentioned the hidden problems Is that Benz dealers do not want them on their lots for these very reasons as they can’t CPO.
So you are telling me that MB wouldn't disclose major issues or warranty work, or damage, and then would off load it at auction? Hmmmm, that's not a great business model. If the car is leased it is serviced at MB. I would find it really hard to believe they would gloss over a vehicle issue, especially a major one. That's a major lawsuit waiting to happen. Look at what VW and Toyota have gone through. Too much risk for MB to hide issues with their leased...That's illegal.
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Old May 11, 2019 | 11:39 AM
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They sell AMG Academy Cars through auctions as well. It’s not a business model it’s just business. How else would they sell them?
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Old May 11, 2019 | 12:03 PM
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Originally Posted by AMG 17GT
They sell AMG Academy Cars through auctions as well. It’s not a business model it’s just business. How else would they sell them?
Ok, we are talking apples and oranges. AMG Acadmey vs MBUSA leased vehicle. You can't touch leased vehicle or modify it or do anything without it going back through MB. If you are claiming MB will doctor the books on their leased fleet, I'll have to respectfully disagree. Your notion that leased MB vehicles sold at auction have major defects or undocumented body work is pretty outlandish. MB, like every other company, has to document their work. I am more worried about a pre owned than a leased vehicle. Leases have far higher scrutiny when they come back and are required for service. Can't skip it. Besides, all of it is documented by MB and then on a CarFax.
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Old May 11, 2019 | 12:09 PM
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Agreed with the lease part. Having and bought and sold hundreds of cars at auction back in the day I can tell you that there are some freaky things that go on there. Especially the really low mileage cars because they’ve obviously sat and some are waiting for parts.

Vic I know you’re going to chime in here so what do you think?

Last edited by AMG 17GT; May 11, 2019 at 12:51 PM.
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Old May 11, 2019 | 12:23 PM
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Originally Posted by AMG 17GT
Especially the really low mileage cars because they’ve obviously sat and some are waiting for parts.
Yeah, I'll buy this. There is a GTS for sale in Illinois that had 14,500 miles and 7 owners. Dealer told me that was normal, I said, "For criminals maybe". They were a Porsche dealer that took a trade obviously. But most leases through MB will be returned back to right before heading out to auction. Especially if the factory warranty still exists. I still argue they may not want to put a car on their lot that shows how badly they depreciate, but, I've never worked in the car business--so I'm only speculating.
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Old May 11, 2019 | 09:38 PM
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Interesting back and forth commentary, but it still doesn't give me any comfort to buy a used car like this at an auction - because of the inability to research the "hidden problems" issue. The other "safer" option might be through the MB owners club magazine ads. As far as the "selling side by side" issue, a dealer can actually make alot more profit selling one of these cars as a CPO than they do selling a new one.
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Old May 11, 2019 | 10:13 PM
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Anyone have auction prices on the GTR? It looks like they're starting to soften and I'm thinking about jumping into one if it falls into a range I'm comfortable with in the next few months. I imagine these are going to be hit just as hard as the GTS given the PRO and possibly Black Series are on the horizon.
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Old May 12, 2019 | 11:28 PM
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Originally Posted by nrgy
Anyone have auction prices on the GTR? It looks like they're starting to soften and I'm thinking about jumping into one if it falls into a range I'm comfortable with in the next few months. I imagine these are going to be hit just as hard as the GTS given the PRO and possibly Black Series are on the horizon.
I have my eye on a GT R as well.. But unfortunately I bought my '16 GTS Edition 1 while it's still depreciating (Feb 2019). If I take too much of a loss, it may knock me out of (comfortable / reasonable) GT R ownership.

Last edited by Southpaw07; May 12, 2019 at 11:30 PM.
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Old May 13, 2019 | 02:02 AM
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Originally Posted by P Rock
I have my eye on a GT R as well.. But unfortunately I bought my '16 GTS Edition 1 while it's still depreciating (Feb 2019). If I take too much of a loss, it may knock me out of (comfortable / reasonable) GT R ownership.
I was strongly considering a GTS back in October when I did my test drive. At that point it looked like GTRs were still selling for over $180k so I never considered it, whereas the GTS could be had in the $9x,xxx range. I did find some info posted back in March and it looks like a couple GTRs were sold at auction for around $146k with low miles. That's starting to get within striking distance. Now the other dilemma is the .1 GT3 RS is starting to come down to reality and quite a number of them to choose from.
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Old May 13, 2019 | 03:51 PM
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Originally Posted by AMG 17GT
They sell AMG Academy Cars through auctions as well. It’s not a business model it’s just business. How else would they sell them?
I asked specifically about what happens to Academy cars when they are retired from service. I was told that the car’s history and anything that had been done to it in the way of refurbishment is fully disclosed, and I wouldn’t expect anything else from MB corporate tbh.

Bish
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Old May 13, 2019 | 10:23 PM
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Surprised to see 35 GTS as CPO cars across all MB dealers in the US. Does anyone have total unit sales #s for the US for the 2016/2017 model years?
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Old May 14, 2019 | 12:05 AM
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Originally Posted by nyca
Surprised to see 35 GTS as CPO cars across all MB dealers in the US. Does anyone have total unit sales #s for the US for the 2016/2017 model years?
Why the fascination? If you want one, get it. Otherwise pass. Who cares if they made 5 or 5000.
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Old May 14, 2019 | 08:23 AM
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