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

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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.

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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.

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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.

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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.

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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.

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We knew Jeep’s first American EV was having a tough time, but this is something else. A nearly new Wagoneer S Limited 4xe just sold on Bring a Trailer for $38,500 after covering only 91 miles (147 km). That’s roughly $30,000 below its original sticker, and a sharp reminder that EV depreciation can be brutal.

On paper, the deal looks fantastic. The Wagoneer S packs dual motors, all-wheel drive, and a factory-rated output of 500 hp (507 PS) and 524 lb-ft (710 Nm) of torque. The quoted 294-mile (473 km) range from the 100 kWh battery isn’t amazing, but it’s tolerable, and the tailpipe-free Wagoneer is roomy enough for family duty and loaded with kit, making the auction result look like bargain-hunter gold.

Related: Wagoneer S Lost 93% Of Its Buyers, And Gas Charger Outsold Its Electric Twin 7 To 1

This example was a Limited trim finished in white with Jeep’s Dark Appearance package. The Limited stickered at $67,195 including destination and before options, and this one came with a panoramic roof, heated front seats, heated steering wheel, surround-view cameras, adaptive cruise control, wireless smartphone mirroring, a 12.3-inch touchscreen, and an Alpine nine-speaker audio system.

So it’s not exactly a stripped rental special, even if it is a rung below the 600 hp (608 PS), $72,195 Launch Edition.

So why the huge value crash? Because the Wagoneer S has struggled badly since launch. It arrived when automakers believed premium EV demand in America would keep climbing. Instead, the market cooled, incentives changed, and shoppers became more selective about price, charging access, and brand trust.

No More Tax Credits

The biggest blow came when the $7,500 federal EV tax credit disappeared last September. Before that, Jeep reportedly moved more than 10,000 Wagoneer S models across three quarters with the help of some big discounts. In the two quarters after the credit ended, sales fell to just 613 units.

Jeep’s response has been telling. The brand won’t build a 2026 Wagoneer S at all, instead skipping straight to a 2027 model. Stellantis says the pause will allow upgrades to battery performance, software, capability, and interior quality. It’ll also gain a NACS charging port for easier access to Tesla’s growing Supercharger network.

A better Wagoneer S is coming, but we still think whoever bought this one got an absolute bargain. If he can live with uncertain resale and a model facing reboot status, $38,500 bought him a barely driven 500-hp electric SUV with lots of equipment. That’s hard to ignore, even if the first owner probably wishes they had.

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