Update 11/20/18: After heading back up to $24,999 and then down to $18,999, this E55 is strangely now listed as a 2000 model year and has dropped in asking price to $17,999.99.
Update 9/18/18: Another drop in the asking price from $22,500 to $20,999.
Update 8/30/18: The asking price has dropped $2,500 from the original $24,999 to $22,500 today.
Earlier this week I dove into how the W210 Mercedes-Benz E55 AMG is becoming the next collector car from Mercedes and as a result, prices have been creeping up on them. The example I looked at was a 1999 up for sale in Canada that had all the makings of a collector example with its pristine condition and full service history. It ultimately ended up not selling as the bidding reached $10,500 and I was a little surprised it didn’t go higher. Today, I happened to run across another 1999 E55 up for sale in California that checks in with just 44,000 miles. At first glance, I thought this one might be another home run, but then I really took a closer look it and then I saw the asking price. Now, I might not be so hot for this one.
The supercar market has always been a bit perplexing to me; get past the glam and the glitz of these showstopping performance machines, and they generally are seldom used toys that depreciate quickly. You don’t hear about someone having saved money their entire life and walking down to a McLaren dealership to buy a P1, for example. That means once they’re no longer grabbing headlines, the well-heeled owners move on to the newest, biggest and best thing to impress their friends. Back up a decade and there was a massive showdown in 2003 between the Porsche Carrera GT and the Mercedes-Benz McLaren. With nearly equal power output, price and performance, one would have presumed that in today’s market they’d share equal value. Both were and are very special cars, and similar production numbers made it to the United States. But today a good Carrera GT will set you back half a million dollars, while you can grab the McLaren for less than $200,000 today: