MARKET ANALYSIS
W124 (1984 to 1997)

The Mercedes-Benz E-Class (W124), manufactured globally from 1984 to 1997, is widely considered the ultimate high-water mark for the brand’s engineering prowess, famously embodying the "built like a tank" philosophy. This versatile series was the first to officially adopt the "E-Class" nomenclature during the 1993 facelift and encompassed a diverse range of body styles, including the W124 saloon, the S124 estate, the pillarless C124 coupé, and the A124 cabriolet. The lineup featured a vast array of engines, from the reliable four-cylinder E220 and smooth E320 straight-six to the legendary, Porsche-assembled 500 E V8 and the ultra-rare E36 AMG. In the 2026 Australian market, the W124 has cemented its status as a "blue-chip" classic, with desirability exceptionally high for Australian-delivered 320CE coupés and the increasingly rare 300TE estates, while the E500 remains a global holy grail for collectors. The buyer pool in Australia consists of purist collectors who value the car's unrivaled mechanical longevity and aesthetic-minded enthusiasts drawn to its timeless, Bruno Sacco-penned lines. Locally, market value has continued a steady climb for well-documented examples, as 2026 buyers are prioritising cars with a verifiable history from specialists like Stuttgart Shop, MB Spares, or AustStar Motors to ensure critical maintenance—such as wiring harness replacements on M104 engines and biodegradable vacuum line refreshes—has been completed. For the Australian aficionado, the W124 is more than just a car; it is the enduring benchmark of automotive integrity, frequently serving as the guest of honour at Mercedes-Benz Club of Australia national concours d'elegance events, including the upcoming 2026 National Rally at Mount Panorama.
The Mercedes-Benz E-Class (W124), manufactured globally from 1984 to 1997, is widely considered the ultimate high-water mark for the brand’s engineering prowess, famously embodying the "built like a tank" philosophy. This versatile series was the first to officially adopt the "E-Class" nomenclature during the 1993 facelift and encompassed a diverse range of body styles, including the W124 saloon, the S124 estate, the pillarless C124 coupé, and the A124 cabriolet. The lineup featured a vast array…
Model years for Mercedes-Benz E-Class (1984 to 1997)

1995 Mercedes-Benz (W124) E220 Cabriolet
167,378 km • Automatic • RHD
🇦🇺Putney, NSW
$10,750
Auction
Mar 11, 2026
1989 Mercedes-Benz (W124) 300E
284,091 km
🇦🇺Armidale, NSW
$3,000
Auction
Feb 15, 2022
1994 Mercedes-Benz (W124) E320 Cabriolet
140,223 km
🇦🇺Helenvale, QLD
$35,500
Auction
Mar 22, 2022
1993 Mercedes-Benz (W124) 320CE Convertible
184,585 km
🇦🇺Melbourne, VIC
$30,500
Auction
Jun 05, 2024
1994 MERCEDES-BENZ (W124) E320
194,307 km • Automatic • RHD
🇦🇺Blue Mountains
$15,750
Auction
Apr 25, 2021
1993 MERCEDES-BENZ (W124) 300CE-24
144,038 km • Automatic • RHD
🇦🇺Point Piper, New South Wales
$33,000
Auction
Jun 03, 2022
1994 MERCEDES-BENZ (W124) E220 CABRIOLET
237,852 km • Automatic • RHD
🇦🇺Melbourne, VIC
$16,300
Auction
Oct 13, 2022
1994 MERCEDES-BENZ (W124) E220 COUPE
250,850 km • Automatic • RHD
🇦🇺Clayton South, VIC
$14,000
Auction
Mar 14, 2023
Sell Your Car
List your vehicle in minutes
Target the right audience
