Mercedes EQS loses half its value in just one year, says study

The Kia EV6 comes in fifth position with a 33.3% depreciation value.

According to a media report, a study claims that Mercedes-Benz's flagship EV, the EQS, offered in sedan, SUV and AMG iterations, lost almost half its value after just one year of ownership.

The report states that after just one year of the luxury EV rolling out of the dealership, prices of the EQS dropped by as much as 48.7% of its average new price. This translates to around $65,143 - about the same price as a brand-new E-Class.

Following the Mercedes EQS is the Nissan Leaf, which also experiences a 45% depreciation after a year of ownership. Prices of the Nissan Leaf fall by $15,786 on average. Third and fourth on the list are ICE-powered cars in the form of the Jaguar F-Pace and the Alfa Romeo Giulia, depreciating by 35.4% and 33.4%, respectively. Completing the top 5 is the Kia EV6 with a 33.3% depreciation value, amounting to $18,081 on average.

On the opposite scale is the Land Rover Range Rover, which reportedly sells 2.8% higher than its retail price after a year of ownership. Second, is the Kia Rio and the Mercedes-Benz G-Class in third with 0.1% and 2.3% depreciation after the first year, respectively.

As per reports, the study evaluated 1.6 million vehicles (new and used combined) between January and March 2024. The used vehicles considered in the study had a mileage within 20% of 13,476 miles - considered as the average mileage for a year.

Source: Motor1