iCarData: The Best Time To Buy/Sell A (XV60) 2015 Lexus ES250 Premium

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iCarData: The Best Time To Buy/Sell A (XV60) 2015 Lexus ES250 Premium

We take a look at the resale value of the seminal Lexus ES premium sedan in Malaysia.


It’s hard to believe but just thirty years ago – in 1990 – East and West Germany reunified, the Hubble Space Telescope was deployed, and Madonna’s song Vogue spent multiple weeks at the top spot, and just a year earlier, Lexus started selling their first two models, the LS and ES models.

Fast forward 30 years, which will make most Xennials and Millennials feel quite a bit older. Germany is the economic powerhouse of Europe, we have an International Space Station, Madonna is 62, and Lexus, at first thought to be a fluke stab at the luxury segment (competing with the likes of BMW and Mercedes-Benz), now sells their brand of premium luxury in over 70 countries.

1989 Lexus LS, BMW 7 Series and Mercedes S-Class

In all their models, Lexus has a forged a heritage of luxurious design and exceptional build quality. These traits, in turn, keep Lexus cars in high regard and high demand on the used car market. The ES is no different, being the second model to be introduced by the brand; it goes up against the likes of the Mercedes-Benz E-Class and BMW 5 Series in the premium executive category.

Overview

Lexus ES Generations

The ES started out as a more upmarket version of the Toyota Camry, and in its first five iterations, it was based on the same platform as its sibling from Toyota. This gave rise to certain circles calling the ES nothing more than a glorified Camry with a substantially higher sticker price. However, that might be only telling half the story – the ES in many cases, offered engines that are more powerful, better safety features, high-end equipment, and better materials for the interior.

The sixth-generation XV60, launched here in 2013, still shared some parts of the Camry platform, but major components of the engine and chassis were farther apart – creating a distinct character and driving experience for the ES. The new snazzy-looking, fully imported model was offered here in three variants, the ES250, ES250 Luxury, and ES300h.

2013 Lexus ES250

The former two were powered by a (181hp/235Nm) 2AR-FE 2.5-litre naturally aspirated four-cylinder, mated to a six-speed automatic. The 300h was powered by the (158hp/213Nm) 2AR-FXE 1.5-litre Atkinson Cycle four-cylinder engine combined with a 105kW electric motor for a combined output of 202hp, paired with an eCVT automatic.

An impressive safety suite for the ES250 models included 10-airbags, stability control, traction control and Tyre Pressure Monitoring System (TPMS).

2015 Lexus ES Launch

The facelifted version of the (XV60) ES model was introduced to the Malaysian market in 2015. The same three variants (albeit with new trim packages) were offered at the following prices:

  • ES250 Premium – RM259,200
  • ES250 Luxury – RM278,600
  • ES300h – RM355,100

Styling updates of the facelifted ES included the bolder looking rendition of Lexus' signature ‘spindle grille.’ The signature LED daytime running lights were now arranged in an ‘arrow-head’ pattern. At the back, the tail lamps featured an L-shaped light pattern. 

2015 Lexus ES Launch

The list of safety features was expanded to include Hill-start Assist (standard for all variants), Blind Spot Monitor and Rear Cross Traffic Alert. The latter two are only available in the ES250 Luxury and ES300h.

On the Inside, the ES received a new genuine leather and woodgrain steering wheel and revised steering wheel-mounted buttons layout. The trademark Lexus Remote Touch Interface control for the 8-inch infotainment display has also been improved for better user-friendliness.

2015 Lexus ES Engine

Powertrains were as before.

iCarData

For this report, we will be analysing the average resale value of the Lexus ES model using iCarData. Our in-house algorithm-based tracking program is able to track and analyse ad listings of a particular model throughout a measured timeframe. By tracking the period ad listings for a particular model, as they were advertised, we are uniquely able to draw a graph representing the depreciation rates of the model over time.

2015 Lexus ES Interior

We have taken into account the following to keep our numbers accurate and representative. 

  • Vehicle variant: (XV60) 2015 Lexus ES250 Premium, delivered between August and December 2015.
  • Depreciation is calculated using the original list price of RM259,200.
  • Depreciation percentage does not take into account special/seasonal offers or rebates on the original selling price.
  • Notwithstanding that, depreciation for other variants may differ, in particular, the hybrid ES300h range-topping variant.

2015 Lexus ES Interior

Specifications of the 2015 (XV60) Lexus ES250 Premium

  • Engine: 2.5-litre (2AR-FE) inline-four naturally-aspirated, petrol
  • Power: 181 hp @ 6,00 rpm
  • Torque: 235 Nm @ 4,100 rpm
  • Transmission: Six-speed automatic, FWD
  • Safety: Ten airbags, ABS with EBD, Stability Control, Traction Control, Hill-Start assist
  • Origin: Fully imported from Japan.
  • Price: RM259,200 – Aug 2015 launch (OTR without insurance)

2015 Lexus ES Instrument Cluster

Based on iCarData, here is the summarized data for depreciation:

And the graphical analysis below:

  • Blue line: Average selling price (RM) by year
  • Grey line: Cumulative depreciation (RM) by year
  • Orange line: Retained value percentage by year

2015 Lexus ES Infotainment

Conclusion

The Lexus ES has some of the lowest first- and second-year depreciation rates we have ever seen for a premium vehicle. At just 8 and 17 percent respectively, in those two years, the value retention of the ES is comparable to much cheaper cars such as the Honda City and Perodua Myvi. 

This speaks volumes of its overall brand desirability and uniqueness in the market.

Though the depreciation rates tend to go up in the third and fourth years, the third year being the more substantial of the two, a 17 percent drop in value in 2018. This could be down to competitor model launches (we know the G30 5 Series was launched in 2017) and other factors such as financing approvals. 

2015 Lexus ES Wheels

Another slight disadvantage of the Lexus is the three-year warranty package. This directly correlates to an additional selling price for the owner if he/she wishes to sell their car within the warranty period which guarantees additional peace of mind for the second-hand buyer. 

We see this take effect with the dip in prices between 4th and 5th years of service - a sizeable drop of 12 percent in the last year. We must take into account, that given the model is relatively new, and given the ES doesn't sell in great numbers, there can be a margin of error from the relative lack of data points.

2015 Lexus ES Infotainment

With that said, we can assume, the ES will stabilise its prices in the following years, as most premium sedans do, once their asking prices dip below the RM100k range, and with overall desirability still high.

From the data, the threshold between retained value and cumulative depreciation intersect just before the fifth year of ownership, meaning the ES250 drops to half the price of what it was new. This is an excellent time for used car buyers, who are getting a half-priced deal, albeit with no manufacturer warranty on the vehicle. 

2015 Lexus ES  Sunroof

However, the fact that they are buying a Lexus, a brand known for its sublime build quality, should calm some anxious nerves. 

Inversely, current owners looking to sell their ES can do so just as their vehicle crosses the five-year mark. Simply because prices visibly start to stabilise in this period, and gives the seller a larger window to sell their cars for the best prices. 

2015 Lexus ES Interior

For some great deals on the Lexus ES, click here.

If you're looking to sell your Lexus ES, we have two solutions for you too. List in on carlist.my or better still use Carlist Bid where we remove all the hassle of selling your car for you as you get searching for your next upgrade.  

2015 Lexus ES Launch

Which make/ model would you like us to research next? Let us know in the comments.



Arvind

Arvind

Writer

Arvind describes a car in the same way he would describe a woman; this is not very healthy. Unlike the eternal sunshine of a spotless mind, soulful naturally-aspirated soundtracks and trigger quick (self-applied) gearshifts are all that fill the darkest recesses of his mind. Arvind is still trying to understand women...


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