SW20S

I don’t agree lol.

ILoveNY

wow, there are 2022 EQS580, AMG53 but non 450w4?

fantasy521

Yes, 580 and the 53 AMG is 4matic only.
450 + was RWD only but they added 4matic this year.
I could've gone with the 4 matic but couple thousand extra and the shorter range.
Living in so-cal no thanks. But in NY or any snowy places yes 4 matic is a must.

nath_h

The way prices are dropping, you've got a lot of options for getting the car of your choice, and a great deal. I usually end up searching by condition/features and having it shipped in to me from wherever.

Drone_S213

Agree.

If I lived in the City/Suburbs where daily commute was <100 miles and could write off the Heavyweight EV's Lease as a business expense would get a cheap EQx lease.

Fortune published an article yesterday about Akio Toyoda who stepped down from the top job at Toyota earlier this year because of his skepticism over the EV hype train. "Toyota's chairman says he saw it coming. Toyoda has long advised the industry to hedge its bets on EVs by continuing to invest in hybrids, HYDROGEN-POWERED CARS, and other alternative eco-friendly vehicles."

I have owned 2 hybrid vehicles since 2012, a CRZ and CRV Hybrid that wife drives in Athens GA. Have been an advocate for Hydrogen powered Fuel Cell Vehicles on this Forum and even tried to convince my old neighbor who just retired as Deputy City Manager and is running now for Mayor that he should have pushed for Hydrogen Fuel Cell City Buses and later other Municipal Vehicles like the City of Lancaster California plans to adopt. The City instead chose EV Buses. Longmont Colorado now uses its Wastewater Treatment Plant to power renewable Natural Gas Municipal Trucks that was initially assisted by the DOE.

Think after AMG Wagon I might get an eRay for my last car in retirement or an Electric Motorcycle. Wife will continue driving Hybrids on daily commute to her USDA Gig.

The Country should embrace all types of Renewable type Green Vehicles in the future and not just Electric Vehicles by 2035-2050. Also need to bring more Nuclear Powerplants online until Nuclear Fusion Power becomes more viable. As an engineering student at Rochester worked at the Laboratory For Laser Energetics over 45 years ago and most recently saw the grandiose NIF complex at Livermore as my Laser Test Facilty at White Sands Missile Range attempted to use its Solid State Diode Pumped Slab Laser Technology to take out Drones, Mortars, and Rockets. Using more mature Lasers now to accomplish that Mission since my Retirement...

SW20S

It is getting much better, thankfully!

Wolfman

I used to do buyout deals direct with MBFS in the old days but that practice moved to the dealers. Cuts the size of the deal down typically.

fantasy521

I see.. so you deal with the dealer. I have never done it before. If the price isn't good they can have the EQS back I will just get a S580 W223 as planned.

nath_h

Agree. Instead of people looking for a silver bullet to fix our energy/climate problems, it should be an 'all of the above' approach. One never knows how research/development will mature, and what might emerge as a winner.

On a side note, it seems like everyone has suddenly turned on ev's. My Google feed has a new story every day about poor sales, people going back to ice vehicles, dropping values, etc. I'm surprised by this, as I don't personally know anyone who is not super happy with their ev, and will not be going back to an ice car. Imho these cars (current garage EQS, EQE, and EQB) are so superior to ice cars that the difference is flip phone vs. iPhone, but apparently the market is speaking otherwise. I do wonder how many people talking down ev's have never driven one, though.

MBEQGuy

Well these cars will fall more in value pretty soon as the 2024 EQS SUV starts rolling in (That car is almost a facelift to 2023 EQS SUV ) and then more when NACS port EQS 2025 comes in along with new MMA/MBOS vehicles.

MMA/MBOS vehicles will be first MB EV to own and not just lease.

Mercedes needs to be called out for the fact that they will not be at least putting in the hardware for a future level 3 autonomous system in 2024 model. This will make model not upgradeable when software system for level 3 autonomy matures. Again 2024 EQS SUV despite awesome updates is also not recommended for buying unless someone has more money than common sense.

Serhan

https://finance.yahoo.com/news/merce...194213488.html

Mercedes exec says EV market is a ‘pretty brutal space’ because price wars and high interest rates are making it an unsustainable business

Mercedes-Benz is the latest to feel the pinch of high interest rates on consumers, with its chief financial officer, Harald Wilhelm, describing the EV market as a “pretty brutal space,” Reuters reported.

“I can hardly imagine the current status quo is fully sustainable for everybody,” Wilhelm said, according to Reuters.

He explained the pricing predicament: In order to compete with Tesla’s and Chinese competitors’ stunningly low prices, traditional automakers are selling their EVs for less than regular combustion-engine cars, even though EVs are more expensive to produce.

Mercedes-Benz noted rocky third-quarter earnings on Thursday, with profits and revenues down year over year. Mercedes reported a net profit of 3.7 billion euros ($3.9 billion), down roughly 7% from the same period last year. Revenue dropped 1% from the same period last year, coming in at 37.2 billion euros ($39.2 billion). In a press release, the company pointed to “a subdued market environment marked by intense price competition, particularly in the electric vehicle segment.”

Though EV sales are still growing, the pace of growth has slowed. In the first half of 2023, EV sales rose 49% from the previous year, a slower rate than the 63% increase in 2022, the Wall Street Journal reported.

LasVegas_89135

In 2017 I bought a Tesla Model S and this year an EQS SUV 580. In 2021 I bought my wife a Volvo XC40 Pure Electric. I will never own an ICE vehicle again. I have always had home charging and don't take out of town car trips, so EV's are perfect for me.

But I can understand someone giving up on EV's if they don't have a home charger or take frequent long road trips .

ILoveNY

would you consider en EQB? or other EQs?

nath_h

Yah, your sentiment is what I usually hear. I'd add that the EQS for us has made out of town trips a non issue, with its substantially better range than our old Jaguar I Pace. On our frequent 5.5 hour trip to see family, it is one stop for about 20 or 30 minutes...which we would have done anyway. Also, I think in general people knocking ev's have not yet caught on to how much less work is involved in owning an ev long term, in addition to missing how much better they perform (quiet, fast, handle great, etc). I do my own work on our five family cars, and I'm always having to tinker with something on our ice cars. While the current news cycle is bad with ev's, I think people will catch on eventually.

SW20S

Issue is Tesla and the Chinese companies are running a tech business, legacy automakers like MB are still running a car business. These price wars and race to the bottom are indicitive of the tech business not the car business. MB and others need to dramatically pivot.

Wonder why Tesla never revamps their cars completely? Think of a TV or a smartphone...its never "all new"...

capt_slow

Data point on my 6-month old 2022 EQS 450+ with 3K miles on it. CarMax appraised it for $49K. MSRP was $115K.

SW20S

Only $11,000 a month lol.

stealth.pilot

Yes but if it is a 6 month old 2022 then we all know you paid nowhere near MSRP because no 2022 is 6 months old.

SW20S

He didn't pay $49,000...

MBNUT1

Thank you for sharing this.

Crito

But how much lower could it possibly go? I just looked and CarMax is selling used 2022 Model Ys for that much. I gotta believe a Mercedes is more desirable than that. In a year when the 2025s with NACS connectors are hitting the street you'll probably still be able to get that much.

capt_slow

See my post here on how much I paid. lol

My contracted residual is about $77K and no way am I buying it out. MB is going to have a glut of these in about 2 years time when all the firesale EQS leases come due.

nath_h

This all makes me wonder if I should keep my well purchased EQB only a couple years, and replace it with a massively depreciated EQS 580 SUV. While alarming, I'm still okay w/ purchased our EQS 580 at $30,000 below MSRP, as we plan to keep it a long time. BTW, my dad's five year old $140,000 BMW 7 Series received a trade offer for $26,000 earlier this month--with 24,000 miles. At least some of this drop is just typical of high cost luxury cars.

SW20S

Again, technology vs cars. How much would you pay for an old TV? Not much. $100? $50?

As a data point I was offered $64,000 on trade for my 2020 S560 with 42,000 miles on it. Original MSRP $123,000. 7 Series have terrible depreciation compared to Mercedes in general.

Serhan

My manager has 2 7 series and both are lease return buys. He is spending a lot of money and time to maintain them... I think that is the reason...