Like any other Porsche vehicle, the Macan Turbo Electric is very nice. However, the seller of this one in the US was no doubt shocked when they sold it on Cars & Bids for almost exactly $50,000 less than MSRP, despite only been driven 2,100 miles (3,379 km).

Read: Porsche Ends Gas Macan Production In July With No ICE Successor For Years

It’s no secret that premium EVs often lose an unbelievable amount of money the moment they drive off the lot, but even this result is quite shocking. After 37 bids, the Macan sold for $97,000, which wouldn’t have been a terrible result had this example only cost the seller $112,700, the Turbo Electric’s MSRP.

Cars & Bids

However, it actually cost $146,340 as it is laden with expensive options. These include a $2,150 rear-axle steering, a $2,440 black leather interior, $2,700 22-inch Macan Sport wheels, a $4,960 Burmester high-end surround sound system, $1,140 Drive Assist, $1,710 passenger display, $1,040 Sport Chrono Package, and a $2,660 augmented reality head-up display. The seller drove the EV only 2,100 miles in the span of three months, meaning they lost over $500 on it every single day.

Dropping Like A Stone

Cars & Bids

This isn’t the first time we’ve seen the value of a Macan Turbo Electric plummet on the used market. In April, bids on an example with just 1,500 miles (2,414 km) maxed out at $88,500, despite a sticker price of $121,855. The depreciation comes despite the EV offering plenty of performance, using twin motors to deliver 630 hp and 833 lb-ft (1,130 Nm) of torque, enough to hit 60 mph (96 km/h) in 3.1 seconds.

In the next couple of years, Porsche will introduce a new combustion-powered compact crossover to fill the void left behind by the old ICE Macan, and once that model launches, values of the electric Macan could drop even further. It’s expected to use the VW Group’s Premium Platform Combustion architecture, just like the new Audi Q5, and will slot below the Cayenne.

Cars & Bids

Heading into Monterey Car Week, the first production-spec Ferrari Luce carried an estimate of $1.1 million, with room to climb a little past that if the room got excited. The room got more than excited. Saturday’s hammer landed at $40,000,000, and no, that isn’t a stray digit or a typo that slipped past an editor.

The Man Who Wrote The Check

The buyer turned out to be Dr. Herbert Wertheim, affectionately known as Dr. Herbie, the 87-year-old billionaire optometrist and inventor who Forbes said “built a fortune over five decades of investing in stocks,” hailing him as “the greatest investor you’ve never heard of.”

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Wertheim was born in Philadelphia in 1939 to working-class parents who moved to Florida and lived above a bakery, per Supercarsforsale on Instagram. In 1969 he established that UV light causes cataracts, then invented the UV-absorbing dye for plastic lenses. His company, Brain Power Inc., became the world’s largest maker of optical tints, and he holds more than 100 patents. From 1970 the profits went into the market, into Apple and Microsoft at their IPOs, and eventually into the largest individual stake in Heico. Which is how $40 million for a car becomes a rounding error in your bank account.

Now, you may be wondering why anyone would pay this much money for an EV that has been kicked around as much as the Luce. The answer starts with where the money goes. All of the funds raised by the auction benefit The Ferrari Foundation, a recognized 501(c)(3) public charity.

Read: Ferrari Boss Was Thrilled When Fans Trashed The $640K Luce

What this means is that the winning bidder has effectively written a $40 million check to charity and can claim the gap between the Luce’s fair market value, presumably somewhere near its $640,000 MSRP, and the final price as a tax write-off. Call it $10 million to $15 million in savings on a $40 million outlay, which leaves him around $25 million lighter than he started.

Wertheim Has Done This Before

RM Sotheby’s

None of this is new to him. Wertheim was the buyer when Ferrari ran the same charity formula on a one-off Daytona SP3 at Monterey last year, and he took that one home for $26 million. The difference is what happens next. Standard Daytona SP3 values are climbing hard, with one selling this past weekend for $17.8 million, so give it long enough and the $26 million car might actually be a $26 million car. The Luce is unlikely to ever see its number again.

RM Sotheby’s

Is there actually anything special about this particular Luce? Yes, there is. For starters, it is painted in a bespoke shade of white known as Madreperla Semi-Gloss, which reflects green and violet depending on the viewing angle and light. The EV also sits on matching white wheels.

Ferrari’s Tailor Made department also worked extensively on the EV’s interior, using special Le Mans metallic leather from carefully selected Swiss hides, and also tinted white to match the outside.

Some cars spend their first 110 miles (177 km) gently running errands and getting photographed by their excited new owners. This Rivian R2 took a rather different path. Barely out of the wrapper, the electric SUV has already been crashed and is now waiting for a new home through a salvage auction.

Rivian only opened the R2 configurator on its retail site at the end of May, and strong demand means anyone joining the queue for a new one today won’t receive it until 2027. But somehow this R2 has already been delivered, driven, bent and left in a dusty lot while it waits for a second owner to rescue it.

Related: Bad News Rivian Flippers, A Day One Holder’s R2 Cleared Sticker By Just $2,015

The Launch Green SUV’s passenger-side front fender has taken the obvious hit. It’s crumpled inward, exposing a cracked fender liner, while the outer wheel arch trim has detached and is dangling rather sadly on the ground next to the 21-inch wheel.

IAA

At first glance, it doesn’t look catastrophic. The damage appears concentrated around the fender rather than extending into the passenger door, potentially making this seem like an easy repair and a sneaky way into an R2 without joining the backlog. Unfortunately, there are a couple of reasons not to start celebrating just yet.

First, the IAA auction listing identifies suspension damage as a secondary issue, suggesting there’s more going on underneath than the photos immediately reveal. And the photos show multiple airbags have deployed. Second, experience with the larger R1S has shown that damaged Rivians can generate repair bills rather more intimidating than you might expect from similarly bruised mainstream Ford or Chevy SUVs.

656 HP And AWD

IAA

But it could still be worth the effort. This must be an R2 Performance Launch Package, currently the only version Rivian is delivering. It starts at $57,990, with slower, more affordable variants coming later this year and then in 2027.

That $58k gets you dual-motor all-wheel drive developing 656 hp (489 kW / 665 PS) and 609 lb-ft (825 Nm) of torque. Rivian says it’ll rocket from 0–60 mph (96 km/h) in 3.6 seconds while delivering 330 miles (531 km) of range. We just hope the owner (presuming this wasn’t a demo car) got to experience that punch at least once before they wrecked it. Although you have to consider that maybe trying that 656 hp out is why it now looks like it does.

IAA

Back in late 2024, basketball legend Shaquille O’Neal commissioned West Coast Customs to build him a one-off Lucid Air Coupe roomy enough for his 7’1″ frame. Eighteen months on, Shaq’s bespoke EV has landed in a salvage lot after a crash. If you back your own skills with a wrench, you could buy it, fix it up, and own a unique Lucid.

Just how far the modifications go isn’t fully clear, and nobody’s confirmed whether the wheelbase was stretched. According to Road & Track, West Coast Customs pushed the front seats back for extra legroom. The second-row seats survived the redesign, so the Air still seats five, or maybe four with Shaq at the wheel.

Read: Shaq’s New Ride Is This Stunning Lucid Air Coupe

Copart

Visually, the car also looks a little different, most notably thanks to the fact that it’s a two-door and sits on a set of aftermarket, tightly-spoked black wheels. Sadly, Shaq’s ride is now in desperate need of some repairs.

There’s no word on how the unique Lucid was crashed or whether Shaq was behind the wheel at the time, but with some TLC, the EV might be able to return to the roads. The front bumper has been removed, and one of the radiators is busted and will need to be replaced.

A Big Lucid For A Big Man

Copart

In addition, the headlights are missing, and the hood has been damaged, so it will need to be replaced as well. If there’s a shred of good news, it’s that the rear half of the EV appears unscathed, which should help to minimize repair costs.

As for what specific Lucid Air variant the car is based on, well, that isn’t known. What the Copart listing does confirm is that it’s an all-wheel-drive model. It’s also been driven just 2,898 miles (4,663 km), so it’d be a shame if someone didn’t try to repair it.

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The Lucid Gravity impresses on plenty of fronts, but it shares one weakness with a long list of other premium electric vehicles: it hemorrhages value. For some buyers that’s a dealbreaker, for others it’s the price of admission. Either way, the numbers are brutal.

Earlier this month, a 2026 Lucid Gravity Grand Touring went up for auction on Cars & Bids. Less than a year old, with an original sticker of $103,650, it sold for just $73,000. That’s less than a new entry-level Gravity, and this one happens to be the current range-topper.

Read: 0% For 72 Months Is How You Know Lucid’s Gravity Isn’t Selling

A look at the window sticker reveals this Gravity was optioned with the $2,900 Dynamic Handling Package, which adds titanium-painted brake calipers alongside rear-wheel steering and triple-chamber air suspension. It also rocks the Stealth Appearance Package and the $4,200 Tahoe Nappa Leather with Luxury Seating Package, adding plush upholstery, 18-way adjustable front seats with massage and ventilation functions, and seatback tray tables.

Cars&Bids

Almost new on paper, the Gravity has 12,100 miles (19,473 km) on the odometer. It’s also had a surprising number of parts replaced since delivery, including a new center console tray, hood struts, a left front wheel speed sensor, and a wheel bearing. Not the record you want to see on a nearly new premium SUV.

A Performance Beast

Cars&Bids

The Gravity’s resale value is shaky and probably has further to fall, but the SUV isn’t without its merits, chiefly performance and efficiency. A 123 kWh lithium-ion battery and a pair of electric motors send 828 hp and 828 lb-ft (1,122 Nm) of torque to the wheels. That’s enough to hit 60 mph (96 km/h) in about 3.4 seconds, and it still manages up to 450 miles (724 km) on a single charge.

Part of what’s eating into values on used Gravity models like this one may be the aggressive incentives Lucid recently rolled out on new cars. This month the company said outgoing 2026 models could be financed over 84 months at $681 a month with a $20,000 down payment. Lease deals carrying a $10,000 discount run through July 31, alongside a $3,000 loyalty credit and a $3,000 trade-in allowance from rival vehicles.

Cars&Bids

Rivian launched the highly anticipated R2 on June 9 and it appears the excitement was short-lived. One of the first models recently sold at auction and it only garnered four bids.

The electric crossover ended up selling for $63,500, which was only $2,015 above its sticker price of $61,485. This means the seller likely ended up losing money on the vehicle after factoring in taxes and expenses.

More: Rivian’s Most Affordable Model Arrives First In Its Most Expensive Form

The R2 Performance Launch Edition was listed on Cars&Bids and the auction wrapped up yesterday. The Catalina Cove crossover only had 71 miles (114 km) on the odometer and it was purchased last month.

Cars&Bids

The seller said they were a “day 1 deposit holder,” which suggests they reserved the R2 back in March of 2024. The seller added they’ve owned several Rivians over the years, but ended up buying a Kia EV9 for his wife.

Despite this, they decided to take the first Catalina Cove R2 that arrived at their local center with the expectation of keeping it and selling the EV9. She apparently liked the three-row EV better, so they decided to flip the Rivian.

While that could just be a story, it seems plausible enough as it’s hard to plan out your vehicle needs and timing nearly two and a half years in advance.

Regardless, it’s interesting that the R2 didn’t sell for more money. The model is still in short supply and the company is “inviting reservation holders to order in rolling batches.” If you reserve today, it’ll take roughly a week to get estimated timing for your order invitation.

As a refresher, the R2 Performance starts at $57,990 and features a dual-motor all-wheel drive system developing 656 hp (489 kW / 665 PS) and 609 lb-ft (825 Nm) of torque. It enables the crossover to accelerate from 0–60 mph (0-96 km/h) in 3.6 seconds and travel up to 330 miles (531 km) on a single charge.

It comes nicely equipped with Matrix LED headlights, Compass Yellow accents, and 21-inch wheels. Buyers will also find 12-way power front seats with heating and ventilation as well as heated rear seats and a heated steering wheel. They’re accompanied by birch wood trim, a nine-speaker premium audio system, and a flashlight integrated into the driver’s door.

The Launch Edition adds a handful of notable extras including a special key fob and a lifetime subscription to Autonomy+, which provides Universal Hands-Free driving on over 3.5 million miles (5.6 million km) of roads in the United States and Canada. The special edition also comes with a tow package that enables the model to haul up to 4,400 lbs (1,996 kg).

Cars&Bids

Luxury vehicles have never been immune to depreciation, but the latest sale of a nearly new Cadillac Escalade IQ shows just how punishing the first year of ownership can be for high-end EVs. After covering just 13,000 miles, a 2025 Escalade IQ Sport 2 changed hands for $105,000 despite carrying a window sticker of more than $152,000 when new. That’s roughly $47,000 that just went up in smoke over what amounts to barely a year’s worth of driving.

Sold on Bring a Trailer on July 19, the Flare Metallic example attracted 24 bids before the hammer fell at $105,000. While that’s still a six-figure SUV, it’s approximately 31 percent below its original MSRP of $152,365. Put another way, the original buyer, if they paid MSRP, lost $3.64 for every mile that this SUV was on the road. That doesn’t account for electricity, insurance, or maintenance.

Review: Cadillac’s 2026 Escalade IQ Nails The Entrance, Then Spends A Week Undoing It

Photos BaT

The sale highlights a trend that’s become increasingly common across premium electric vehicles. Buyers willing to shop the used market can often save tens of thousands of dollars while getting a vehicle that’s barely broken in. This particular Escalade IQ wasn’t exactly a stripped-down example either. It featured Cadillac’s dual-motor all-wheel-drive powertrain producing up to 750 hp (559 kW) and 785 lb-ft (1,064 Nm) of torque in Velocity Max mode, fed by a massive 205-kWh battery pack.

It also came loaded with virtually every luxury feature buyers expect from Cadillac’s electric flagship. Highlights included Air Ride Adaptive Suspension, four-wheel steering, Super Cruise, Night Vision, a 36-speaker AKG Studio Reference sound system, heated and ventilated massaging front seats, heated second-row captain’s chairs, a panoramic glass roof, and the massive 55-inch curved dashboard display.

Photos BaT

The seller also fitted custom 24-inch Vivid Racing forged wheels, removed the rear badging, and added gloss-black vinyl accents to the grille surround and C-pillars, though the original appearance could easily be restored. Importantly, the Carfax was clean, showing no reported accidents or damage, although it did note at least one open recall.

Don’t get us wrong. $105,000 is a boatload of money for any vehicle. Nobody needs something this expensive. But having tested one in person, it’s a truly luxurious machine in most of the ways that matter. Letting someone else absorb the depreciation just makes the ownership experience sweeter.

Photos BaT

Ferrari’s first electric car has already divided opinion long before most customers have even seen one in person. Now the Italian automaker is turning that controversy into a fundraising opportunity by auctioning off the very first production example of the Luce.

The car, identified as “Chassis 0,” will cross the block at RM Sotheby’s Monterey Car Week sale in August. Ferrari says the sale represents a unique chance to acquire the first production chassis from the Luce program, and all proceeds will go toward educational initiatives supported by The Ferrari Foundation.

Related: Ferrari Boss Was Thrilled When Fans Trashed The $640K Luce

That charitable angle could help push bidding well beyond the car’s already substantial value. RM Sotheby’s estimates the one-off EV is worth more than $1.1 million, a significant premium over the standard Luce, which costs $640,000.

RM Sotheby’s

What buyers will get in return is a Luce that’s been curated by Ferrari’s Tailor Made personalization division. The entire concept revolves around light and the way it changes the appearance of surfaces, with a color and materials package developed specifically for this example.

The exterior wears a bespoke Madreperla Semi-Gloss finish that Ferrari says incorporates a dedicated Tailor Made pigment. Depending on lighting conditions and viewing angle, the paint is designed to produce shifting reflections that move between green and violet tones. Ferrari also claims that the complexity of the finishing process means every application develops its own character.

Metallic Leather Upholstery

Inside, the cabin continues the theme with Perla Le Mans metallic leather paired with Grigio Corvara secondary trim pieces. Ferrari says the metallic leather was developed exclusively for the Tailor Made program and was selected for both its appearance and its ability to enhance the cabin’s sense of brightness. Whatever you do, don’t eat in there.

This particular Luce also receives color-coded wheels in a conventional five-spoke design, rather than the ugly disc wheels seen in some Luce launch images, and bespoke brake calipers. And there’s a unique plaque identifying it as the first production chassis of the Luce program.

Whether you view the electric Luce as a bold step into the future or an unwelcome departure from tradition, its place in Ferrari history is already secure. And the controversy could mean that for once the biggest auction price shock at Monterey isn’t how much someone paid for a vintage V12-powered 250 GT SWB or California Spider, but how much money changed hands for a modern Ferrari with no engine at all.

RM Sotheby’s

When Fisker launched the Ocean One, it promised exclusive styling, long range, and performance worthy of its premium asking price. Just three years later, one example with only 17,000 miles on its odo has sold for less than the price of a new entry-level economy car. If you needed another reminder of how unforgiving the used market can be for vehicles from failed automakers, this is it.

The 2023 Fisker Ocean One crossed the auction block on July 7 for just $15,800 after attracting 30 bids. Originally priced at $68,999, that represents depreciation of more than 77 percent in around three years. This wasn’t a clapped-out, abused example, either.

Read: Polestar Owners Fear A Fisker-Style Resale Collapse After US Ban

Finished in blue over a black interior, the all-wheel-drive electric SUV features dual permanent-magnet motors producing 564 hp (421 kW) and 543 lb-ft (736 Nm) of torque from a 106 kWh battery pack. When new, Fisker claimed up to 360 miles (579 km) of driving range.

BaT

Equipment includes a SolarSky photovoltaic roof, 22-inch wheels, a rotating 17.1-inch infotainment display, heated seats, wireless phone charging, a 360-degree camera system, and the brand’s signature California Mode that lowers every side window at the touch of a button.

The Ocean auctioned on BaT showed just 17,042 miles on its odometer and came with a clean Carfax report showing no reported accidents or damage. The listing notes that the interior door handles were replaced in May 2026, but otherwise presents the SUV as a well-kept example with two previous owners. Honestly, the general package sounds appealing, especially for $15,800, but owning a Fisker requires a real commitment to the lifestyle.

BaT

Fisker’s bankruptcy left owners facing an uncertain future regarding software support, replacement parts, and long-term service. While owner communities have stepped up with resources and independent support, buyers still have to accept significantly more risk than they would with an EV from an established manufacturer.

Also: Buy A New Polestar For $25,000 Off. Small Catch, It’s Leaving The US

That said, there’s no question that the price paid here bought quite a lot of hardware and relatively low mileage. Whether it proves to be one of the biggest automotive steals, or one of the biggest headaches, will only become clear with time.

Photos BaT