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Unsold Mercedes EVs hidden behind a hotel in office park
I was on a personal road trip last week and stayed at a budget hotel in an office park in Pleasanton CA.
The hotel is in a good area but with a low occupancy rate since it is probably close to time to tear it down.
When I drove around back looking for the building that contained my room, I noticed a couple dozen new MB EVs with the window stickers and all parked in the back of the lot.
That part of the hotel was not occupied by guests and it seemed that the hotel might be generating some revenue by allowing the EVs to be parked there.
I've seen dozens of unsold Teslas before parked in an apartment building parking lot at a complex that wasn't fully leased yet but that makes sense since Tesla doesn't have dealers.
Do you think the MB dealers don't want potential customers to see substantial unsold inventory on their lots?
After reading that Ford is losing billions on their EV program, I'm not sure the EV demand is really there.
It's probably a overflow lot for MB Pleasanton. Dealers usually rent out unused lots to store their excess inventory. Looking at their website, they got
13 EQB SUVs
44 EQE Sedan+SUVs
67 EQS Sedan+SUVs
Cars with recalls cant be sold until a remedy is applied and a new one just popped up for the BMS, so more reason to store them off site.
2022 Taycan GTS, 2023 EQS580 SUV, 2023 EQS580 sedan
I got an email from them today that "2022" EQS 40k off from MSRP.
I think one of the reason that most MB dealers still hoping someone would walk in and buy a car at MSRP. just like three months ago I went to CalStar check a EQS AMG and sales refuse to check what is the lower price they offer. it has been sits there for 7 months. told me someone might just go in to buy @ MSRP. good luck! (not sold yet as today 7/30/23)
I got an email from them today that "2022" EQS 40k off from MSRP.
I think one of the reason that most MB dealers still hoping someone would walk in and buy a car at MSRP. just like three months ago I went to CalStar check a EQS AMG and sales refuse to check what is the lower price they offer. it has been sits there for 7 months. told me someone might just go in to buy @ MSRP. good luck! (not sold yet as today 7/30/23)
That's the Edition 1. Had it not been for the unappealing two-tone paint, I might have considered getting it.
I got an email from them today that "2022" EQS 40k off from MSRP.
I think one of the reason that most MB dealers still hoping someone would walk in and buy a car at MSRP. just like three months ago I went to CalStar check a EQS AMG and sales refuse to check what is the lower price they offer. it has been sits there for 7 months. told me someone might just go in to buy @ MSRP. good luck! (not sold yet as today 7/30/23)
Even 40k off msrp I would stay away from an EQS. Real value is probably 30k.
It's probably a overflow lot for MB Pleasanton. Dealers usually rent out unused lots to store their excess inventory. Looking at their website, they got
13 EQB SUVs
44 EQE Sedan+SUVs
67 EQS Sedan+SUVs
Cars with recalls cant be sold until a remedy is applied and a new one just popped up for the BMS, so more reason to store them off site.
Toyota of Carlsbad use to store 1000s of toyota at Legoland's park lot. We went to Legoland thinking they are giving way free Toyota.
Last edited by 23-EQS580-SUV; Aug 1, 2023 at 07:26 PM.
Toyota of Carlsbad use to store 1000s of toyota at Legoland's park lot. We went to Legoland thinking they are giving way free Toyota.
I also learned this is a tactic for dealers to justify pricing. They shift most of their inventory so that their actual lot appears emptier or devoid of new cars, making an illusion of high demand and low supply. When in reality they got a boat load of cars out by Best Buy. But online inventory is usually correct.
2022 Taycan GTS, 2023 EQS580 SUV, 2023 EQS580 sedan
as far as I feel of California dealers, they don't use "parking lot" to store their inventory anymore like 10-15 years ago that you just walk in and check out the car.
for now, most the BMW, Mercedes, Porsche, and some Toyota dealers I visited, they have a parking garage/structure on top or back of showroom now.
we can either check the inventory online, or see a similar model in the show room, they will bring out the car/model you want, test drive it, walk around. some of the "old lot" becomes other store, or another brand of car dealers.
so yes EQS maybe overstock but I believe all other inventory are storing the same way now across all luxury brand (less weather/walk-in customer damage)
An internal letter from the Mercedes-Benz dealer association to the company's top managers, obtained by Business Insider, reveals a bad situation of the German Automaker.
The dealers accuse Mercedes-Benz's steering the German market "full throttle into the wall" and demand an immediate adjustment of pricing policy to the changed market conditions.
The dealers criticize the price increases that accompany each model year change and that the high gross list prices can no longer be justified in the current market environment, and that many models would fall out of the fleet policies of important commercial customers due to the high prices. In Germany, two out of three new registrations are in the commercial sector.
Furthermore, dealers are calling for an adjustment of the package logic. They criticize the fact that certain equipment levels are now only available via packages and that this has led to significant price increases, particularly for the A- and B-Class series.
While Mercedes-Benz presented strong Q2 deliveries, dealers deal directly with customers and know best what the demand situation is. Unlike Tesla, which has full visibility every day of orders placed yesterday, all other automakers don't have the means to get this information early enough, but dealers do.
Although the price war in the automotive sector has just started in the volume segment, I expect it to happen in the luxury segment as well.'
2025 Maserati Grecale Folgore and 2024 Jaguar F-PACE SVR
I don't think it's all models. EVs in the $50-75K range seem to still be doing well. It's the ones over $100K that drop in value fast. Was just looking at some Porsche Taycans and same dealio. But this EQE 350 4MATIC just sold USED on Carvana for right around the original MSRP, for example:
2025 Maserati Grecale Folgore and 2024 Jaguar F-PACE SVR
Another example from cars dot com. The EQE 350+ sedan has a MSRP of $74,900 and has depreciated less than $5K. The EQS 450+ SUV has a MSRP of $104,400 and has depreciated over $20K.
Mercedes SLR McLaren 722 S Is Extremely Rare Example Modified by McLaren
Slideshow: A one-of-one U.S.-spec Mercedes-Benz SLR McLaren Roadster became even rarer after a factory-backed transformation at McLaren's headquarters.
