Found this on YouTube regarding the G-Class


Your thoughts?


https://youtu.be/NvouxFdUT6k

 

Misleading to a degree. They have plummeted from their inflated values last year but they aren't selling for 65% MSRP.

Buy it right and it's easy to still trade in yearly and do fine.

 

Values are really strong here in the UK, new ones hard to get and used ones almost list or above. I just bought a 2020 G350d, done 40k miles, with premium pack and the leather package that adds the diamond stitch upgrade leather etc. but not much else in the way of options, and it was £110k GBP. A 2018 G63 with similar mileage here is still £140k. Finance rates are really high too so buying one of these is expensive, but the inability to get a new one is probably keeping the values high in the UK.

 

Oh no! They are plummeting!

I've lost interest in the G63 now.

 

Won mine in a Dubai airport lottery, don't care.
Would never have bought this farmer truck

 

There seems to be quite a high on-lot inventory of G550s right now nationwide. $50K ADMs are likely history, but MSRP deals are still likely exceptions.

 

Had a dealer ask for help finding somebody for a G550 with $13,000 ADM. I told them good luck.

 

Seems like G prices are softening.

https://www.cargurus.com/Cars/price-...nz-G-Class-d78

 

My '19 G550 was stickered at $136.7K. 15 months ago, Carfax estimated its value at $179.8K. The Carfax report I received a week ago says it's now $121.7K. Sounds high to me, but '23s comparably equipped are MSRP'd around $165K. $13K on top of that is a dealer's illusion IMO.

 

nothing more than interest rates and all cars are plummeting... prices will revert back in time.... softening prices with lambos, fcars etc... even the wrangler which is typically fairly sticky is seeing big price drops..: it has nothing to do with the G.

i sold my 720s 10 months ago for 255 and now its worth probably 235

 

It is not normal for used cars to go up in price. A 4 year old car should not be worth more than 60% MSRP unless it is highly collectible. Cars are supposed to depreciate. The post Covid insanity is finally ending and the prices are starting to follow normality again.

 

Agree. Look at the 2011 and 2012 G price trend from 2012 until 2020. That is what normal looks like.

 

My local dealer told me they are still charging 30K over MSPR for G63 orders and 20K over for G550 orders.
However they have one G550 in stock that they are selling for MSRP because it's been sitting and they told me if they have G63s sitting they will be selling at MSRP as well.

 

I think the ADM’s are rapidly disappearing. My dealer has been adamant in the past that they won’t sell a G63 without an ADM even though I have bought many cars from them over the years. They seem to be backing off that now.

 

There is definitely an apparent plummet in values. 1-2 year old G's are not even getting close to MSRP in auctions these days. Here's a couple recent examples where the bids ended about $20K south of MSRP:

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

https://carsandbids.com/auctions/KDG...edes-benz-g550

 

these are g550, which have always been oversaturated and less in demand.
auction vechicles also often have crash history’s.

 

Didn’t buy the G as an investment and have not added my cars as an asset. Even if it goes down I still enjoy the car and I plan to drive it until the wheels fall off. I’m glad dealer markups are coming down.

 

What can be said with certainty is that there is an accumulation of on-lot G-Class inventory right now. My dealer (Denver area) has 5 G550s and 1 G63 on-lot, priced with ADMs that I'm guessing are about +$30K and +$60K. When I ordered my G550 4 years ago, the ADM was only +$5K, and this dealer (and just about every dealer in the SW region) had no on-lot inventory. The model year is already 3/4 gone -- '24s will be available for ordering in 4Q23. I think some of these G550s will soon go out the door at MSRP.

 

Hello, new member here from SE Pennsylvania. I purchased my 2023 G550 on June 30th for MSRP, no ADM. It was on the lot for a week. This dealer also has another unspoken for G550 being delivered at the end of July which they offered me MSRP if I preferred the options on that one. I would not have purchased a G if they were charging ADM. The ADMs are receding, but the market is very stout for these SUVs. I shopped new and used for a while, and supply is relatively limited. Many of the Gs listed online were already sold and the listing was not taken down. The used ones available had negative history, and the new ones available had undesirable color combinations or options. In all cases, the dealers were unwilling to negotiate.

 

Hey R1200gs

mind sharing some contact info
thanks man

 

Mercedes Benz of Fort Washington, Pennsylvania is where I purchased my G.

 

Do you mind msging me your salesperson contact info

here is my burner email lol (since its public forum)

nyzballer69@aol.com

 

just traded my 2020 G550 Stronger than Time edition in 9000 miles - 160K MSRP - $128K Trade-In :\

 

That's harsh, though trade-in values always were significantly lower on "above ADM" cars since the dealers like to benefit from a killer margin on those.

That said, the G63 also always had a bigger margin (along with higher % ADMs) compared to the G550.

 

What's your new ride?