by The Luxurious Lucid Gravity Electric Crossover Has Already Significantly Dropped in Price on the Used Market
The first resale results of the new Lucid Gravity electric crossover may disappoint those who rushed to purchase it. The flagship Dream Edition with only 3,500 miles (5,632 km) on the odometer was sold for $96,000. This amount is nearly $46,000 lower than its original Manufacturer’s Suggested Retail Price (MSRP), clearly demonstrating how buyers value this SUV on the used car market.
The Gravity model, especially the Dream Edition, has many advantages:
Technical Advantages and Questions of Expediency
The Dream Edition is equipped with a 123 kWh battery, four electric motors, and develops a combined output of 1,070 horsepower. While no one needs an SUV with that much power, the ability to accelerate from 0 to 60 mph (96 km/h) in 3.1 seconds and cover a quarter-mile in 10.6 seconds in a luxury car is still impressive.
This version also has every possible luxury option, including the “Comfort and Convenience” package with soft-close doors and power-operated rear window sunshades, as well as an AR HUD projection display, dynamic ambient lighting, Nappa leather upholstery, and seats with heating, ventilation, and massage functions.
He sold his Lucid for $142,000, suffering huge losses after just 400 miles of real-world use of the electric vehicle.
High Starting Price and Alternatives
Perhaps the biggest drawback of the Dream Edition is its cost. In the USA, its MSRP including destination charge is $141,550, which seems very high, especially considering that the base Gravity Touring model with 560 hp is available for just $79,900. It has roughly half the power, but most of the same features. Furthermore, the Gravity Grand Touring version with 828 hp starts at $94,900, which also looks relatively advantageous compared to the Dream Edition.
Rapid Depreciation as a Market Reality
An auction on the Cars & Bids platform clearly showed significant depreciation. A specific example was listed in early December and had only 3,500 miles on it, yet lost $45,550 in value. That’s approximately $13 in losses for every mile driven.
Such price dynamics on the used market may be related to several factors, including the general trend of electric vehicles losing value after leaving the dealership, as well as intense competition in the premium electric crossover segment. The offering is becoming broader, and technologies are evolving rapidly, which may lead buyers to wait for new releases or prefer new cars under less flexible financial programs. For Lucid Motors, which aims to strengthen its position, such cases of rapid depreciation could complicate the task of maintaining a high perceived value for its products, which is key for luxury brands.
