Mercedes announces pricing for new coupes

Mercedes-Benz has announced the pricing for three of its upcoming models, and as you might have expected, they're not cheap.

The 2012 SLK and CLS coupes are on the way, and they'll be fetching a pretty penny. The SLK350 is the cheapest of the lot at $54,800, while the CLS550 is priced at $71,300. Neither approaches the CLS63 AMG however, which will sell for a whopping $94,000.

All three models have significant upgrades for the 2012 model year. The SLK features a new V6 engine with direct injection and multispark ignition. Both versions of the CLS will be sporting a new V8 engine: a 4.6-liter and 5.5-liter, respectively. The larger version reportedly produces a staggering 518 horsepower and 516 lb-ft of torque for the CLS63 AMG, according to USA Today.

The prices on these cars might be high, but there's no denying that they're great vehicles. Drivers who want to get in a luxury vehicle without breaking the bank may want to wait for the cars to hit the used auto market. New Jersey State Auto Auction has a wide selection of used Mercedes and other vehicles at affordable prices.