- Nearly new Wagoneer S changed hands for huge discount.
- 500 hp SUV sold for the price of a base, RWD Tesla Model Y.
- Jeep’s maiden EV skips MY26, returns in 2027 with upgrades.
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.
