Lexus LS Depreciation: Experts Disagree Wildly

Lexus vehicles generally demonstrate strong resale value, often outperforming other luxury brands and even many non-luxury SUVs. However, the luxury sedan LS presents a more complex picture regarding its long-term depreciation.

While Lexus SUVs like the UX, RX, and NX are top performers in retaining value, estimates for the LS sedan's depreciation differ substantially. Some analyses suggest it loses value at a rate similar to average sedans, dropping just over 40 percent in five years. Conversely, other reports indicate a steeper decline, with one estimating a 53 percent loss and another a concerning 67 percent loss after the same period.

These wide discrepancies in LS depreciation forecasts stem from challenges in accurately predicting value. The low sales volume of the LS, particularly since its latest generation launched in 2018, means there's a scarcity of nearly-new used models. This limited data pool makes it difficult for researchers to establish a reliable average resale value, as even minor changes in available listings can significantly alter the calculated depreciation rate.

With Lexus set to discontinue the LS after the 2026 model year, potential buyers face a decision with uncertain resale implications. While Lexus cars generally hold value better than many luxury rivals, the declining popularity of sedans compared to SUVs could negatively impact the LS's demand on the used market. Buyers seeking a used LS might find opportunities for negotiation due to low sales, but should carefully assess the car's condition given the wide value variance.