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Why is No One Buying This Lotec Mercedes-Benz C1000?

Giancarlo Perlas August 30, 2015
lotec mercedes-benz c1000

The Lotec Mercedes-Benz C1000. (Photo Source: MB World)

It has been displayed in used car dealerships and placed in auctions. It seems no one wants the rare 1995 Lotec Mercedes-Benz C1000 pictured above in their garage permanently. Recently, it was spotted by MB World on sale again in a Lamborghini used car dealership.

It should be noted that we ran a story about this car nearly two years ago. During that time, it was set to be auctioned by RKM Collector Car Auctions. The asking price for it was around $1 million to $1.3 million.

Well, it seems that it failed to sell. It wouldn’t be the first-time though.

In a report by Jalopnik in 2008, the same car that originally belonged to a wealthy individual in UAE, was also auctioned by Barrett-Jackson years prior. It was priced $243,000 back then. After that, it was spotted in eBay with a tag of $350,000. It was being sold by a dealership in Georgia during that period.

For a 1995 sports car that sells more than the Mercedes 300 SL, the offer might not be reasonable for a lot of people. To begin with, it’s price has been aggressively jacked up from its first reselling price of $243,000 to more than a million in just a couple of years.

Looking at its original price tag though, it came out of the plant with a $3.4 million tag.

Despite its sorry state, we are staring at a gem here. This particular Mercedes houses a powerful 5.6-liter biturbo V8 with 1,000 hp and 723 lb-ft of torque. Sources say it could sprint from zero to 100 km/h in only 3.2 seconds, and it is capable of building a speed of up to a mind-blowing 431 km/h. That’s a lot compared to modern sports cars nowadays. That’s also thanks to its carbon fiber body weighing only a total of 2,380 lbs.

About Author

Giancarlo Perlas

Giancarlo Perlas is an economist by profession with a career spanning nearly two decades. His professional journey has seen him assume vital roles in various government and private organizations, particularly in the blockchain and cryptocurrency sectors. Alongside his civic and corporate pursuits is his love for cars, particularly those made by Mercedes-Benz. In 2012, he found himself with like-minded individuals within BenzInsider. From then on, he used the platform as a way to share his passion with the automotive community. Follow his Facebook page at https://www.facebook.com/benzinsider, X (formerly Twitter) @giancarloperlas, and IG @benzinsider. View all posts by Giancarlo Perlas →

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