most Mercedes owners/drivers in Malaysia tend to look down their noses at the older MBs, like mine that are almost always dirty and look scruffy, but when their's are being towed away, my cars are still rolling down the road at a fair pace
I do get the occasional noveau rich guy/gal in a reimported Japanese market W210 E240 approach me at gas stations with "Would you be interested in selling your old car?" and my answer is always "You can probably buy a cheaper one somwhere else"
I do not wave, complement or ask questions about cars anymore, it is a waste of time.
And the answer to your question is, YES, they are SNOBS