Discover why the 2021 Mercedes G-Class lost over $2 million in value after just 5,000 km. Learn the resale realities of this iconic luxury SUV – read more now!
The Mercedes‑Benz G‑Class has long been celebrated as a benchmark luxury SUV that holds its value, especially during the post‑pandemic shortage of high‑end vehicles. However, a recent auction of a 2021 G‑550 tells a different story: even with barely 5,600 km (3,500 mi) on the odometer, the vehicle’s market price fell by more than half.
From a $142,770 New Car to a $66,000 Auction Bid
Purchased new in October 2021, the G‑550 originally rolled off the showroom floor with a total cost of about $142,770 (≈ VND 3.75 billion). The price reflected the model’s premium positioning and the brand’s legendary build quality.
After just over four years of ownership and a remarkably low mileage of 5,600 km, the SUV was listed on a major U.S. used‑car auction. The highest bid recorded was roughly $66,000 (≈ VND 1.73 billion), and even that did not meet the seller’s reserve price, leaving the car unsold.
This rapid decline represents a depreciation of more than 50 % despite the vehicle’s near‑original condition.
Why the Value Drop Occurs
- Market Normalisation: After a period of soaring demand and limited supply, the luxury‑SUV market is stabilising, pulling prices back toward realistic resale levels.
- High Ownership Costs: Maintenance, insurance, and registration fees for large, high‑performance SUVs remain steep, discouraging long‑term resale.
- Depreciation Curve: Even “iconic” models follow a steep front‑loaded depreciation curve, losing the bulk of their value in the first few years.
- Supply of Used Units: As more G‑Class vehicles enter the secondary market, competition drives prices down.
What This Means for Buyers
The G‑Class still offers unmatched off‑road capability and a strong brand image, but prospective owners should view it as a lifestyle purchase rather than an investment that will retain value. Those seeking long‑term financial returns might consider other segments where depreciation is less aggressive.
For anyone interested in the G‑Class, it’s wise to factor in the realistic resale trajectory, budget for higher running costs, and focus on the vehicle’s experiential benefits.
Bottom Line
The recent auction of a low‑mileage 2021 G‑550 illustrates that even the most revered luxury SUVs are not exempt from the fundamental laws of depreciation. While the G‑Class remains a symbol of status and rugged luxury, its price‑retention potential is limited. Buyers should prioritize personal enjoyment and brand appeal over expectations of long‑term profit.