These have some of the worst depreciation I’ve ever seen. Many other luxury sedans depreciate quickly as well, but it’s typically with mileage along with age. These are dropping massively even with little miles. Reminds me of Maserati depreciation.
I had one as a loaner recently while my car was in for service. It’s seriously nothing special and it feels notably cheaper inside than my Panamera and really any other Porsche I’ve driven. I can understand why they aren’t holding value well.
They have awful reliability and could always be found for a STEEP discount. The lease residuals on some of their sedans were in the low 40% range after 3 years. So that depreciation isn’t exactly unexpected.