Mercedes EQS Value Trends 2025 Update

The automotive landscape is undergoing a monumental shift, spearheaded by the rapid ascension of electric vehicles (EVs). Among the most prominent entrants in the luxury EV segment is the Mercedes-Benz EQS, a flagship electric sedan designed to redefine opulence and innovation. Launched in the United States in late 2021 as a 2022 model, the EQS quickly captivated attention with its futuristic design, cutting-edge technology, and impressive range. However, as with any high-value asset, understanding its depreciation trajectory is paramount for current owners, prospective buyers, and industry observers alike.

This comprehensive report delves into the depreciation patterns of the Mercedes-Benz EQS sedan in the USA from its launch to mid-2025. By meticulously analyzing year-on-year trends, comparing Manufacturer’s Suggested Retail Price (MSRP) against evolving used car selling prices, and examining retention percentages, we aim to provide a transparent and data-driven perspective on the EQS’s value retention. Our analysis focuses on the most commonly sold trim level, the EQS 450+, to ensure a consistent and representative evaluation.

Methodology and Data Sourcing

To provide an accurate and in-depth analysis, our research focused exclusively on the Mercedes-Benz EQS 450+ sedan within the United States market. The EQS 450+ was chosen due to its prominence as the base model and generally higher sales volume within the EQS sedan lineup, making it the most representative variant for depreciation trends. While specific, granular sales data for individual trims is proprietary and not publicly available, automotive review sites and industry reports consistently highlight the 450+ as the most popular starting point for the EQS sedan.

The data for this report was meticulously compiled from several reputable automotive sources. MSRP figures for each model year were sourced from official Mercedes-Benz announcements and corroborated by leading automotive publications such as Edmunds.com and CarandDriver.com.

Obtaining precise historical used car selling prices for specific model years at various past points in time presents a common challenge in depreciation analysis. To overcome this, our methodology incorporated current average used selling prices from large automotive marketplaces like Autotrader.com as of mid-2025. For historical estimations, particularly for the crucial first-year depreciation, we leveraged findings from comprehensive studies by automotive insights firms such as iSeeCars.com, which reported a significant average depreciation for the Mercedes-Benz EQS (combining sedan, SUV, and AMG variants) after just one year of ownership. Subsequent year depreciation figures were estimated based on observed market trends and the current average values, with an assumption of average annual mileage (12,000-15,000 miles) and “Clean” condition for all valuations. It is important to note that while every effort has been made to ensure accuracy, some historical used prices are estimates derived from the best available data and general market trends for luxury EVs.

Mercedes-Benz EQS 450+ Sedan MSRP Trends

The Manufacturer’s Suggested Retail Price (MSRP) for a vehicle sets the baseline from which depreciation is measured. The Mercedes-Benz EQS 450+ sedan saw a relatively stable MSRP since its introduction.

Table 1: Mercedes EQS 450+ Sedan MSRPs (USA)

As evident from Table 1, the base MSRP for the EQS 450+ sedan experienced a slight increase from its inaugural 2022 model year to 2023, after which it has remained consistent through the 2025 model year. This stability in MSRP provides a clear fixed point for calculating subsequent depreciation.

Year-on-Year Depreciation Analysis and Trends

Depreciation is rarely linear, especially for luxury vehicles and particularly for emerging technologies like electric vehicles. The Mercedes EQS, despite its luxury positioning, has experienced a dynamic depreciation curve. Below, we break down the year-on-year trends for each model year.

2022 Mercedes EQS 450+ Depreciation Journey

The 2022 EQS 450+ was the pioneer model, hitting the market in late 2021. Its depreciation provides the longest observable trend.

• From 2022 (New) to Mid-2023 (1 Year Old): The initial year of ownership proved to be the most impactful for the 2022 EQS. According to an iSeeCars study, the Mercedes-Benz EQS (across its combined variants) lost a staggering 48.7% of its average new price after just one year. For the EQS 450+ with an MSRP of $102,310, this translates to an estimated used price of approximately $52,480 by mid-2023. This rapid initial drop is a common characteristic for many new luxury EVs, as early adopters bear the brunt of initial market adjustments and the novelty premium quickly dissipates.
• From Mid-2023 to Mid-2024 (2 Years Old): As the 2022 model aged into its second year, its value continued to decline. Our estimates suggest its value hovered around $43,000 by mid-2024. This represents a cumulative depreciation of approximately 57.97% from its original MSRP. While still significant, the percentage drop from the previous year was less severe than the initial plunge, indicating a slowing, though persistent, depreciation rate.
• From Mid-2024 to Mid-2025 (3 Years Old): As of mid-2025, a 2022 Mercedes EQS 450+ is approximately three years old. Current market data from Autotrader.com indicates an average used selling price of $42,155. This means the vehicle has lost roughly $60,155 from its original MSRP, representing a substantial 58.79% depreciation over three years. The depreciation curve appears to flatten considerably in the third year, suggesting that a significant portion of its value loss occurred in the first two years.

2023 Mercedes EQS 450+ Depreciation Journey

The 2023 model year EQS 450+ entered the market with a slightly higher MSRP of $104,400. Its depreciation trend largely mirrored its predecessor’s initial sharp decline.

• From 2023 (New) to Mid-2024 (1 Year Old): Consistent with the iSeeCars study’s findings for first-year depreciation, the 2023 EQS 450+ is estimated to have experienced a similar 48.7% drop in its first year. This brought its estimated used price down to approximately $53,545 by mid-2024. The luxury EV market, still finding its footing, continued to show strong initial depreciation for even relatively newer models.
• From Mid-2024 to Mid-2025 (2 Years Old): As of mid-2025, a 2023 Mercedes EQS 450+ is two years old. Autotrader.com data reflects an average used selling price of $47,503. This signifies a cumulative depreciation of 54.49% from its original MSRP over two years. The trend here suggests that while the initial drop was steep, the subsequent year’s depreciation, while present, was also less aggressive than the initial year.

2024 Mercedes EQS 450+ Depreciation Journey

The 2024 model year EQS 450+ carried the same MSRP of $104,400. Interestingly, its observed first-year depreciation appears to be notably different from its predecessors, potentially signaling a shift in market dynamics.

• From 2024 (New) to Mid-2025 (1 Year Old): Unlike the substantial initial depreciation observed for the 2022 and 2023 models, the 2024 EQS 450+ appears to be holding its value significantly better in its first year. Autotrader.com’s current average used selling price for a 2024 model as of mid-2025 is approximately $91,410. This represents a depreciation of just $12,990 or a mere 12.44% in its first year. This stark contrast with the 48.7% first-year depreciation of earlier models could indicate several factors: a stabilization of the luxury EV market, greater demand for newer EQS models, or perhaps that the average selling prices on Autotrader for 2024 models are skewed towards well-optioned or very low-mileage examples. It also highlights how rapidly market perceptions and actual depreciation can evolve for new vehicle categories like luxury EVs.

2025 Mercedes EQS 450+ (Current Market Value)

The 2025 model year EQS 450+ retains the MSRP of $104,400. As these are brand-new or nearly new vehicles, their market values are still very close to the MSRP. Autotrader.com shows an average listing price of $98,897 for 2025 models, reflecting a minimal initial depreciation of 5.27% for cars fresh off the lot or with very few miles.

Visualizing Depreciation: Charts and Graphs

To further illustrate the depreciation trends, we present a bar chart comparing the MSRP with the current used prices for each model year, followed by a line graph depicting the retention percentage against the age of the vehicle.

Bar Chart: MSRP vs. Current Used Price by Model Year (Mid-2025)

This chart provides a direct visual comparison of the original price versus what you can expect to pay for a used EQS 450+ of a given model year in mid-2025.

Chart Analysis: The bar chart vividly demonstrates the rapid depreciation of the early EQS models. The gap between MSRP and current used price for 2022 and 2023 models is substantial, showcasing the considerable value loss. In contrast, the 2024 model year shows a much smaller gap, indicating better retention in its first year of existence compared to its predecessors. The 2025 model, being the newest, naturally has the narrowest gap, reflecting its near-new status.

Line Graph: Retention Percentage vs. Age Over Years

This line graph plots the percentage of the original MSRP that the EQS 450+ retains as it ages. This provides a clear overview of the depreciation curve over time.

Comments on Retention Percentage vs. Age: The line graph provides a compelling visual narrative of the Mercedes EQS’s value retention. For the 2022 and 2023 models, the sharpest drop in value occurred within the first year, with retention plummeting to just above 50%. This signifies that nearly half of the vehicle’s original value was lost in its initial 12 months. The subsequent years show a continued decline, albeit at a slower pace, indicating that the bulk of the depreciation is front-loaded.

The notable outlier is the 2024 model year, which, based on current market data, shows a significantly higher retention percentage (87.56%) after one year. This deviation from the earlier models’ aggressive depreciation curve suggests a potential market correction or a shift in demand for newer EQS vehicles. It could also imply that the earliest models absorbed the brunt of the “early adopter penalty” and market uncertainties surrounding luxury EVs. As the market for pre-owned luxury EVs matures, it is possible that future depreciation curves for newer models might be less severe than those observed in the initial launch years. However, continued monitoring is essential to confirm if this trend stabilizes or if it’s a temporary market fluctuation.

General Depreciation Schedule for Mercedes EQS 450+ Sedan (USA)

This table consolidates the estimated historical used prices, depreciation amounts, and percentages for the Mercedes EQS 450+ sedan across its model years, providing a comprehensive depreciation schedule.

Table 2: General Depreciation Schedule for Mercedes EQS 450+ Sedan (USA)

Note: Estimated values are based on general market trends and the overall depreciation curve observed, where specific historical data points were not explicitly available.

Factors Influencing Mercedes EQS Depreciation

The depreciation experienced by the Mercedes-Benz EQS, especially its pronounced initial drop, is influenced by a confluence of factors unique to the luxury EV market:

1. Rapid Technological Advancements: The EV industry is evolving at an unprecedented pace. Battery technology, charging speeds, range, and infotainment systems are constantly improving. New models are launched frequently with superior specifications, making earlier models seem less competitive faster than in the internal combustion engine (ICE) vehicle market. This rapid obsolescence contributes significantly to value erosion.
2. Battery Health and Degradation Concerns: While modern EV batteries are designed for longevity, consumer apprehension regarding long-term battery degradation and the potential cost of replacement remains a significant factor in the used EV market. This perception can impact resale values, even if actual degradation is minimal for many vehicles.
3. Shifting Market Dynamics and Competition: The luxury EV segment has become increasingly crowded. New entrants from established luxury brands and dedicated EV manufacturers offer compelling alternatives, intensifying competition and putting downward pressure on prices for existing models.
4. Early Adopter Premium and Market Correction: The initial models of groundbreaking vehicles often carry an “early adopter premium,” which quickly diminishes as the product matures. For the EQS, the early models may have absorbed a higher degree of market uncertainty and demand volatility, leading to sharper initial depreciation. The seemingly better retention of the 2024 model could indicate a market correction and increased confidence in the EQS’s long-term value.
5. Luxury Car Depreciation: Luxury vehicles, in general, tend to depreciate at a faster rate than mass-market vehicles. This is due to their higher initial price points, the availability of new incentives, and the desire of luxury buyers for the latest models and features. The EQS, being a high-end luxury EV, is subject to both luxury car depreciation patterns and the accelerated depreciation typical of early-stage EVs.
6. Government Incentives: Changes in federal or state EV tax credits and incentives can significantly impact the effective purchase price of new EVs. When these incentives are reduced or expire, it can inadvertently depress the value of pre-owned models that were purchased with the benefit of such subsidies.

Conclusion

The Mercedes-Benz EQS, a pinnacle of luxury electric mobility, has navigated a complex depreciation landscape since its launch in the USA. Our analysis of the EQS 450+ sedan reveals a clear trend of significant initial value depreciation, particularly for the 2022 and 2023 model years, losing nearly half their value within the first year of ownership. This aligns with broader industry observations regarding the rapid depreciation of luxury electric vehicles, driven by swift technological advancements, evolving market preferences, and competition.

However, the data for the 2024 model year suggests a potentially evolving trend, with notably stronger retention in its first year compared to its predecessors. This could signal a maturing market for pre-owned luxury EVs, a stabilization of demand, or simply a shift in the perceived long-term value of newer EQS models. It underscores the dynamic nature of the EV market, where depreciation patterns are still being established and can be influenced by new product cycles, technological breakthroughs, and shifts in consumer confidence.

For prospective buyers, the substantial depreciation of earlier EQS models presents a compelling opportunity to acquire a high-end luxury EV at a significantly reduced price point. For current owners, understanding these trends is crucial for managing expectations regarding resale value. As the electric revolution continues, the depreciation narrative of vehicles like the Mercedes-Benz EQS will remain a fascinating indicator of the industry’s progression and market acceptance.

Key References

• iSeeCars.com: “Cars That Depreciate the Most” https://www.iseecars.com/cars-that-depreciate-the-most-study
• Autotrader.com: “Used Mercedes-Benz EQS 450+ for sale” https://www.autotrader.com/cars/mercedes-benz/eqs-450
• Edmunds.com: “Mercedes-Benz EQS 450+ Review” https://www.edmunds.com/mercedes-benz/eqs-450/
• CarandDriver.com: “2024 Mercedes-Benz EQS Sedan Review” https://www.caranddriver.com/mercedes-benz/eqs450-sedan