2024 Mercedes-AMG GLE 63 S Is a Coupe on V8 Steroids

The coming model year brings an updated machine into the Mercedes-Benz AMG garage: a large, powerful coupe launched by a wonderfully inappropriate V8 engine.

The 2024 Mercedes-AMG GLE 63 S is a type of vehicle that didn’t exist for previous destinations. Bigger than some lesser SUV models at 195-inches long and weighing more than 2.5 tons, the AMG GLE 63 S rides higher than most Mercedes-Benz models. It lives under the coupe label despite its four-door frame, preserving the moniker with a hard top roof and sloping rear lines. Still, as the 63 S muscles its way along from its almost 118-inch wheelbase to its broad haunches, its visual impact says “coupe, but on AMG steroids.”

If there’s a challenge to overcome in getting comfortable with the GLE 63 S Coupe, it’s those visuals. With so many modern vehicles on the road taking the form of SUVs or crossovers that are really no more than large hatchbacks, the sight of a vehicle that’s none of the above while also shrugging off the modest lines of a sedan takes some getting used to from the outside. Still, once the driver makes that adjustment, he or she can get on with the enjoyment of driving an AMG-tuned Mercedes barely tamed brute.

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For the uninitiated, AMG is the Mercedes-Benz tuning shop where already great cars become more aggressive. AMG amps the power and handling abilities, adds more than a few more bucks, quid, or euros to the price tag and hands them along to serious driving enthusiasts.

The 2024 Mercedes-AMG GLE 63 S has 603 horsepower and a 0-to-60 time of 3.8 seconds. Mercedes-AMG

For the GLE 63 S, the shop penned in a handcrafted 4-liter V8 Biturbo beast under the hood—but at least nodded to environmental concerns by layering electric hybrid assist. The result of all that uncompromising German engineering is 603 horsepower and a 0-to-60 time of 3.8 seconds. That’s serious, “snap your head back” speed in a large, solidly built vehicle.

A combination of AMG Speedshift TCT 9-speed automatic transmission with sport paddle shifting and all-wheel drive with fully variable torque distribution keep all of that power on the road. The end result driving experience features a grounded, balanced, and stately ride that elevates the owner above the ugliness of common pavement—with truly aggressive, roaring power waiting if you put your toe down in Sport or Sport+ mode.

Michael Knoeller, head of marketing and sales at Mercedes-AMG, says a lot of planning and thought go into how the company maintains two identities: an automaker providing traditional, tuned power and performance for enthusiasts, while also forging technology for electric vehicles.

“Mercedes-AMG is in the transformation phase in the mid- and long-term,” Knoeller says. “While our handcrafted V8 powertrains will continue to be offered in familiar models for some time, we are also working on AMG’s own BEV platform, AMG.EA. This will enable us to meet a wide range of customer needs in markets where the V8 engine continues to play a role, as well as with our all-electric EQ models.”

And regardless of the drivetrain technology, a Mercedes has to be a Mercedes, Knoeller adds. There are high expectations for buyers of make and its models, whether or not they’re AMG-forged vehicles.

“All Mercedes-AMG models must deliver on our brand promise of superior performance and unique technology,” he says. “In doing so, we can adopt certain technologies from the world of combustion engines, while other technologies we develop completely from scratch.”

As for what purpose the 2024 AMG GLE 63 S Coupe plays in this grand scheme of old meets new and power meets preservation, the answer is a mixed grill. The monster-sized coupe is large enough to serve as a luxury people carrier, but powerful enough for the occasional track day before standing in as a grand tourer with ample power.

“We think the GLE 63 S Coupe excels in a variety of areas,” Knoeller explains. “It perfectly meets the demand for luxury and comfort, while also offering ample space.”

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He points to the distinctive, though challenging appearance as a plus that brings interested eyeballs to the vehicle, while the 603-horespower output looks to thrill the human behind the wheel. The Sport + dynamic driving setting is intended for track days and maximum driving entertainment, he says (even if there are more suitable products in the Mercedes-Benz portfolio for track days, such as the SL Roadster).

In terms of the future, Knoeller reassures passionate drivers that high performance models such as the GLE 63 S Coupe and its ilk will have a place in the Mercedes AMG family for a while yet.

“The segment of sporty SUVs and the demand for our models has grown steadily in recent years,” he says. “We also see further potential here in the long term, so there is no need to worry about the future of the GLE 63 S Coupe. We have already set the course for an electric future and recently presented our new Mercedes-AMG EQE SUV.”

The starting MSRP for the rides making up the GLE class start around US$80,000, with the AMG enhancements on the GLE 63 S Coupe nudging the price up to US$125,000 and beyond. If the lover of German meticulousness can get used to the edgy and nontraditional styling cues, he or she will buy into a unique blend of stately performance with deceptive and effective power.

President Donald Trump’s imposition of tariffs on trading partners have moved analysts to reduce forecasts for U.S. companies. Many stocks look vulnerable to declines, while some seem relatively immune.

Since the start of the year, analysts’ expectations for aggregate first-quarter sales of S&P 500 component companies have dropped about 0.4%, according to FactSet. The hundreds of billions of dollars worth of imports from China, Mexico, and Canada the Trump administration is placing tariffs on, including metals and basic materials for retail and food sellers, will raise costs for U.S. companies. That will force them to lift prices, reducing the number of goods and services they’ll sell to consumers and businesses.

This outlook has pressured first-quarter earnings estimates by 3.8%. Companies will cut back on marketing and perhaps labour, but many have substantial fixed expenses that can’t easily be reduced, such as depreciation and interest to lenders. Profit margins will drop in the face of lower revenue, thus weighing on profit estimates. The estimates dropped mildly in January, and then picked up steam in February, just after the initial tariff announcements.

“We are starting to see the first instances of analysts cutting numbers on tariff impacts,” writes Citi strategist Scott Chronert.

The reductions aren’t concentrated in one sector; they’re widespread, a concrete indication that the downward revisions are partly related to tariffs, which affect many sectors. The percentage of all analyst earnings-estimate revisions in March for S&P 500 companies that have been downward this year has been 60.1%, according to Citi, worse than the historical average of 53.5% for March.

The consumer-discretionary sector has seen just over 62% of March revisions to be lower, almost 10 percentage points worse than the historical average. The aggregate first-quarter earnings expectation for all consumer-discretionary companies in the S&P 500 has dropped 11% since the start of the year.

That could hurt the stocks going forward, even though the Consumer Discretionary Select Sector SPDR exchange-traded fund has already dropped 11% for the year. The declines have been led by Tesla and Amazon.com , which account for trillions of dollars of market value and comprise a large portion of the fund. The average name in the fund is down about 4% this year, so there could easily be more downside.

That’s especially true because another slew of downward earnings revisions look likely. Analysts have barely changed their full-year 2025 sales projections for the consumer-discretionary sector, and have lowered full-year earnings by only 2%, even though they’ve more dramatically reduced first-quarter forecasts. The current expectation calls for a sharp increase in quarterly sales and earnings from the first quarter through the rest of the year, but that’s unrealistic, assuming tariffs remain in place for the rest of the year.

“The relative estimate achievability of the consumer discretionary earnings are below average,” Trivariate Research’s Adam Parker wrote in a report.

That makes these stocks look still too expensive—and vulnerable to declines. The consumer-discretionary ETF trades at 21.2 times expected earnings for this year, but if those expectations tumble as much as they have for the first quarter, then the fund’s current price/earnings multiple looks closer to 25 times. That’s too high, given that it’s where the multiple was before markets began reflecting ongoing risk to earnings from tariffs and any continued economic consequences. So, another drop in earnings estimates would drag these consumer stocks down even further.

Industrials are in a similar position. Many of them make equipment and machines that would become more costly to import. The sector has seen about two thirds of March earnings revisions move downward, about 13 percentage points worse that the historical average. Analysts have lowered first-quarter-earnings estimates by 6%, but only 3% for the full year, suggesting that more tariff-related downward revisions are likely for the rest of the year.

That would weigh on the stocks. The Industrial Select Sector SPDR ETF is about flat for the year but would look more expensive than it is today if earnings estimates drop more. The stocks face a high probability of downside from here.

The stocks to own are the “defensive” ones, those that are unlikely to see much tariff-related earnings impact, namely healthcare. Demand for drugs and insurance is much sturdier versus less essential goods and services when consumers have less money to spend. The Health Care Select Sector SPDR ETF has produced a 6% gain this year.

That’s supported by earnings trends that are just fine. First-quarter earnings estimates have even ticked slightly higher this year. These stocks should remain relatively strong as long as analysts continue to forecast stable, albeit mild, sales and earnings growth for the coming few years.

“This leads us to recommend healthcare and disfavour consumer discretionary,” Parker writes.