ddatin

The last couple of weeks have been tough for G Wagon sales. Seems like the market has turned.

All this in just the last eight days:

https://bringatrailer.com/listing/20...cedes-g63-amg/

https://bringatrailer.com/listing/20...es-amg-g63-20/

https://bringatrailer.com/listing/20...-4x4%c2%b2-17/

https://bringatrailer.com/listing/20...es-amg-g63-16/

https://bringatrailer.com/listing/20...nz-g63-amg-25/

https://bringatrailer.com/listing/20...s-benz-g550-8/

https://bringatrailer.com/listing/20...s-benz-g550-6/

https://bringatrailer.com/listing/19...enz-g36-amg-4/

https://bringatrailer.com/listing/19...enz-280ge-3-2/

Hodog16

First one was bid to $231,000 on a $218,000 car and reserve not met. Insane seller.

Second one south sea blue is not a popular color and platinum white interior? No surprise.

All the other ones are last generation and do not apply.

300SE1993

Most of the auctions you posted are for the pre-2019 version which this forum does not apply to. That being said, the first one went over MSRP, but I was very surprised about the blue 2024. Quite a change in the market from 2021 LOL

Bob Z.

iTrader: (1)

And with the 2025s coming the values of the past ones will certainly not go up!

desertg63

Looking at that first one, it was bid to $231k. Plus 5% for BAT means the selling price is $240k+. Strong.

What I think is happening is someone is setting the reserve way high, usually dealers do this so that when they offer you one at $220 it seems cheap.

Would not say the market has turned. 0-25k over has been the way for a while now.

Hodog16

Dealer sold my 2023 with $207k sticker and almost 7,000 miles after about 2-3 weeks on the lot. The listed CPO price was $226k. Not sure what it sold for but certainly above sticker.

desertg63

not sure about that. all things considered, I think the G550's will stay quite strong over the new 6's... and dont even ask me about the EQG.

AMG isn't going anywhere, but not many changes to the '25 aside from MBUX AFAIK.

keep in mind, most G buyers are not looking for the latest thing.

ddatin

I would say that the principle of "Regression Economics" somewhat applies.

A good analogy is when $1M homes (W463) decrease in price to $800K for economic reasons (supply / demand, higher interest rates, poor economy etc.), it causes $2M homes (W463A) to decrease in price.

The newly priced $800K home becomes a better value vis-à-vis the $2M home causing the $2M home to adjust its price downward to provide equal or better value in the market place.

The W463 is somewhat different than the W463A, like the $1M home is somewhat different than the $2M home, but they are both in the same marketplace.

I suppose we'll see if this plays out over time.

haa

A 5 year old G63 (2019) depreciating like an average car should be selling for 50% of MSRP ($85,000). The fact that 2019s are selling for close to original MSRP is a testament to the offer/demand imbalance for this car. Fortunately the factory in Graz cannot crank out more than 25,000 units per year thus guaranteeing the ultra low depreciation curve for these cars (new and used) for the foreseeable future.

Hodog16

I see your analogy but a home is a home. Cars from different generations are different. Somebody shopping for a new Range Rover won't want a 2021 model.

W463 and W463A are similar but not the same--somebody shopping for a W463A does not want a W463 and somebody shopping for a W463 either wants the old school feel (and thus does not want a W463A) or can't afford the new generation (just stating facts -- there's cars I want but can't afford either so not putting anybody down).

ddatin

Good / interesting data point that I didn't know.

If so, then free market forces may be distorted, keeping the price elevated based on a restricted supply.

Reminds me of when I walked into a Patek Philippe corporate boutique store in Paris to purchase a Nautilus.

They politely held back their laughter while informing me there was a twelve year waiting list.

Of course any rational entity would want to maximize profits by increasing sales so maybe Mercedes will expand the factory's capacity.

Bob Z.

iTrader: (1)

I thought they made way more than 25k Gs in a year but I guess not: https://www.goodcarbadcar.net/mercedes-benz-g-class-sales-figures/

https://www.motor1.com/news/559262/mercedes-g-class-sales-record-2021/

Crito

Used luxury vehicles and SUVs in particular have dropped in value almost as much as EVs, according to Carfax anyways. Makes me think maybe now's not the best time to buy that new EQG or G EV or G with EQ technology or whatever they're calling it. But hey, I'm sure those MB executives know what they're doing.. that's why they get paid the big bucks.

haa

Not really, a bunch of clueless arrogant nincompoops! Just look at the EQS and SL class and 4 cyl C63 disasters! And now doing their best to screw up the uniquenss of,the G with the EQG and the “baby G”

Truble911

The market is certainly shifting. New data out today.
Max drawdown now -23%, is the largest on record.
Reversion to the long-term trendline seems likely from here.

ddatin

A friend of mine in Arizona was at the Penske Automall, which is a bunch of brands at one location, essentially a single mega-dealership.

He let me know that there were two new, unsold, G Wagons on the MB showroom floor and five more preowned on their lot.

Upon walking the store lots of the other brands, he saw "a bunch more" G Wagons for sale.

I checked online and found a total of sixteen available at this one mega-dealership.

Mercedes Store - Four new: https://www.mbofnorthscottsdale.com/...icles/g-class/

Five pre-owned: https://www.mbofnorthscottsdale.com/...%2520Pre-Owned

Lamborghini Store - Four pre-owned: https://www.lamborghininorthscottsda...s&_bodystyle=5

Land Rover store - One pre-owned: https://www.landrovernorthscottsdale...c6bj2nx454518/

Porsche store - Two pre-owned: https://www.porschenorthscottsdale.c...ndTrim=G-Class

Maybe people are waiting for the 2025s or the market has turned.

abhatti55

Not all true. The 2019 is holding it's value bc the 463A was underpriced in theory upon release. The MSRP hikes is why it holds it value and is essentially the same truck as a '24.

300SE1993

It's no wonder they have so many with their prices. $205K for a used G550? I don't think so!

https://www.mbofnorthscottsdale.com/...c6bj2rx500452/

Truble911

These are my local dealers and have been watching the two Arabian Gray at Porsche and Land Rover and the G63 at Lambo...the prices are steadily dropping. This seems more like stagflation where people are not buying believing prices will be lower in the future. The market is definitely shifting.

Crito

Interest rates won't be coming down anytime soon that's for sure! Saw a video where Carmax was getting 18% for "fair" credit and absolutely robbing poor people of 24% if their credit was "challenged". I think I'd probably keep driving the old clunker at those rates (but luckily I don't have to).

ddatin

2024 AMG G63 - 410 Miles - $201K MSRP - Bid to $184K - No Sale

https://bringatrailer.com/listing/20...s-amg-g63-2-2/

The W463s are still selling though.

abhatti55

A very desirable color.

Hodog16

That’s not a good spec. Piano black trim and no quilted seats.

Love the color though but not brave enough for resale.

AmyC

I just picked up my G63 this past week. The dealer told me that they always anticipate April/May annually to be slow, but they still won't budge on the markup. They attribute it to April being tax season and folks are barely coming out of it now before committing to large purchases. I checked with my accountant and he told me exactly the same thing - folks typically do not make large purchases during or right after tax season until all the dust has settled on the micro front.

Times Two

Mercedes-Benz of Beaverton (OR) has five G63s that have been sitting on their lot for quite some time now, could it just be a dealer hard on markups? Or is it really a market shift on modern G-Klasses in the US?