The 2010 Mercedes-Benz E-Class sedans will cost substantially less than their 2009 counterparts according to a report in Automotive News. In order to bring the new sedans closer to its traditional transaction prices, Mercedes-Benz reduced the base price of the E350 sedan by $4,600 to $49,475. The base E550 sedan gets a $5,400 price cut to $57,175.
The new 2010 E-Class Coupes, which replace the current CLK Coupes, get only minor reductions in price. The base E350 coupe will start at $48,925 while the E550 coupe will start at $55,525.
A diesel-powered E350 sedan is slated to arrive next March followed by a wagon in June and a convertible around the same time.
estreka says:
04:17 PM, 05/ 1/09
Those are very hefty cuts, but they're still very overpriced.
KBB rates a 2008 E350 sedan at $37K. Compare with an initial price of $54K and you're talking $17K in depreciation right off the lot. The depreciation levels off after that, which tells me $37K is the intrinsic value.
I know most new cars instantly lose ~15-20% of their value as soon as they are driven off the lot, but that's a ghastly 31%. You could buy a 1 year old E-class and a brand new Civic. Push the Civic off a cliff and you'd still come out ahead of someone that bought brand new.
The one thing I'm hoping with this recession is that consumer prices finally come down to their intrinsic values.
roar02ram says:
05:09 PM, 05/ 1/09
+1 estreka, and that doesn't even take options into account. M-B charges a lot for what should be standard.
wjjeep4life says:
02:46 PM, 05/ 2/09
Estreka, nearly all European luxury vehicles lose well over 25% of their value within the first year. They do, however, keep their value in the long run. Always buy a year used if you can find it and save yourself A LOT of money!
desmolicious says:
02:37 PM, 05/ 4/09
"Push the Civic off a cliff and you'd still come out ahead "
Correct. Now, what are we talking about?