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Kind of an odd/off topic but it baffles me at how depreciated our XKR's have become/are becoming compared to similar cars in the GT class. Maybe it was because they set the bar almost too high up where the badge hurts it?
My 2012 with 41k miles has such a presence and is extremely satisfying in almost every way possible, yet it's light years less expensive than a comparable like the Maserati GranTurismo with the same milage? Any GT for that matter.
It's not just Xk's/XKR's/XKR-S's, it's a lot of Jags (2011+ XJ's, X350's).
I'm not sure what I'm missing here, but does anyone know why the prices are like this?
All luxury cars depreciate alot. Jaguar is still haunted by its pre-Ford ownership reputation for unreliability, which is no where near as bad today as it used to be. The high cost of out- of-warranty repairs and maintenance is a factor in the depreciation of any high performance luxury car with many complex computer modules and aluminum construction.
Different country so different rules may apply but here in the UK, Jaguars have always had a rapid rate of depreciation. It's not just an XK/XKR phenomenon.
I generally buy three year old, one owner models with full main dealer service history and pay around 50% of the original cost. This has held true since I was buying XJ6's in the 1970's and I've had a lot of Jaguars since then.
Jaguar is in a 'difficult' market sector. A luxury vehicle but the numbers manufactured prevents them from being exclusive. The old perception of unreliability is no longer true but this still sticks in the minds of buyers with little or no direct experience of recent models. Maintenance costs are reasonable provided nothing goes wrong with the complex electronics but repairs to aluminium bodywork are a frightening prospect for many potential owners. All this adds up to devalue used examples.
I am going to be on the look out at late model XK & XKR's when our XE lease ends in Sept 2019. My better half would like an Evoque convertible which is on the list too.
I think this is the new normal for pretty much any maker. The cost of the cars are so high and technology advances so fast that older stuff just isn't desirable thus the depreciation. Folks treat cars like cell phones and we know what a 4 year old phone is worth. My sons '14 Cherokee lets you decide what the background is on your gauge cluster and what info is shown where. Really customizable. The X-150 is 2 generations behind.
My old '05 LS sold new for $44k, 13 years later it sold for $2k and I don't think they'll ever be worth more. Pretty much any niche market has taken huge hits. 2005 and up Mustangs are a dime a dozen. Minimal value. My blown '93 with SAAC livery and rare parts has very little worth.
Best value when purchasing a XK/XKR alls within the 2 to 4-year-old range with a 3-yr old vehicle the best buy.
Depreciation on any vehicle is steep in years 1-2. In the case of the Jaguar brand, depreciation appears in the 30% to 50% decline in these years. With most owners driving limited mileage, certainly, the used Jaguar XK/XKR 2-4 years old pose a great value. When you can buy a $100,000+ vehicle with 50% depreciation in 3 years seems to be a great value.
You can find some great values on the 2011-2014 models many with close to a 50% off MSRP value, with low mileage.
Want to own a Jaguar XK/XKR? look for the values, they are out there. These are great cars and reliability has improved greatly.
Glad to see you're still hanging around here. I guess you can't get your old XKR out of your mind and are thinking about getting an XKR-S GT when the price is right. It's in your blood!
The primary reason is the pool of potential buyers is shrunk by several factors.
Lack of quality sound system options.(A big hit here for a GT, but not a sportscar)
Poor driver/car interface with a slow loading touch screen.(A big hit for a GT, but not a sports car)
Steering wheel that isn't all it should be.(A big hit here as a sports car)
Inferior Handling.(A big hit here as a sports car)
Lack of Manual transmission(Significantly lowers pool of enthusiasts drivers that want to buy the model.)
In this market segment people expect more, they will gravitate towards a car like the Porsche 911 or a Mercedes Coupe that has it all.
For people looking to buy a fun driver's toy the XKR can be dropped off the list for lack of a manual.
Good condition X100 XKR's are selling for similar prices of the aluminum bodies cars. A lot of it is down to Jaguar getting it wrong on the human/car interface, rather than any fault of the car itself.
Nevertheless, they still have lots of appeal to old folks who have hearing on the decline, don't care much about having the latest whizbang infotainment system, don't drive with as much spirit and speed as they used to, and don't want a manual transmission AND who appreciate the timeless beauty of a piece of rolling automotive art.
How do I know this? If you haven't already figured it out, move over and drive in the slow lane.
I absolutely agree Stuart. The list of "whys" above your post is of little significance to a true enthusiast who can appreciate a great automobile for it's intended purpose. I've owned lots of different cars over the years, with varying configurations of drive trains, and I am very happy to be able to enjoy my XKR and all that comes with it, just as it is.
Thank goodness Jags/XKRs drop like a rock. If not I would not own my own pride nor would over half the people on this forum be seen driving Jags. Bless our lucky stars.
If Jaguar were to pen and release an XKR now, it would be a much finer car. JLR is in a much better position than it was in 2006.
Yea, Tata's acquisition was a godsend for the brand. Nonetheless, I've had multiple conversations with uninformed idiots mocking Jags as Indian-made. I'd be truly excited to see a new version of the XK, although I suspect it will almost certainly be a hybrid if not all electric. https://www.forbes.com/sites/joannmu.../#62e4d0f213c2
Yea, Tata's acquisition was a godsend for the brand. Nonetheless, I've had multiple conversations with uninformed idiots saying Jags are now Indian-made. I'd be truly excited to see a new version of the XK, although I suspect it will almost certainly be a hybrid if not all electric. https://www.forbes.com/sites/joannmu.../#62e4d0f213c2
If it were Indian made, it would be a manual with automatic as an option.
Jaguar is machine made, more like it. The British way of building a car with the most automation used in the auto industry in Europe. Tata has incredible amounts of automation in their own branded factories FWIW.
Most of the public are uninformed about most things, not just automotive brands. I usually get the 'is that a Ford engine in your Jag-Wire?'
Eleven years on and most people still think Jaguar is part of Ford!
I believe that if JLR were to develop another XK/XKR, it would have an electric drivetrain and be more along the lines of the Aston Martin Rapide as far as looks and function go.
A couple of points. Those percentage drops are relative to MSRP, which mostly, nobody pays. So you look at the E-class -35% in one year. Well, you're paying -12% on day one. And would you buy a one year old car down another 20%? I guess that's right around where I'd be interested, otherwise, just get a new one where you don't have to worry about how the car was used, and why they're selling.
Something like 50% in 3 years? That's also my personal target when shopping used. Some cheaper cars sell for much more than that, and I simply do not understand that. A three year old Camry for 65% of new MSRP? That's insane. I really don't quite understand that. and for me, the real sweet spot is when you find a really low-mileage three year-old vehicle that barely trades at a premium to a three year old high-mileage vehicle.
I lucked into this '07 XK. (Luck is decidedly the wrong word, it was basically an estate sale). The price for a ten year old car is basically a random number. But for a car that was babied and garaged for 10 years and 19k miles, $13k seemed like a steal. Aside from true collectibles, very few cars have much value at ten years old.
For premium cars like these, obviously a lot(most, all?) of buyers are not bothered by the asking price, and value the new car experience, etc.
My 2012 with 41k miles has such a presence and is extremely satisfying in almost every way possible, yet it's light years less expensive than a comparable like the Maserati GranTurismo with the same milage? Any GT for that matter.
I was originally shopping for a Gran Turismo when I opted to go for the XKR instead. Used values for both cars roughly correspond with the difference in price when new. Sticker on my 2013 XKR was $113K while the Gran Turismos I looked at were all well over $130k new, so the % drop is about the same, if not worse, for a Maserati. Not to mention getting an extended warranty on the Maserati is considerably harder and more expensive to do. The one car in this general price range that really seems to hold its value well is the 911.
02-25-2018, 01:34 AM
Why do XKR's not hold value?
