Looking at ebay XKR listings, this morning, the lowest listed XKR was at a $13,950.00 starting bid, with several in the $18-20K range and several in the $20-25K range. This seems to represent a significant increase from prices just a year ago. Now it may be that this is just a quirk in the listings, but I doubt it. I believe there is an increase in the desirability of these cars and the corresponding increase in pricing. I have seen many 2007's selling for less than 2005-2006's.

 

I have observed these prices as well and agree that they seem to be increasing.


Mark

 

The only problem here is the asking price and the selling price are normally very different.

However I do also feel a well maintained XK8 will remain above 10K and if we wait long enough will see a rise in value. The only problem is with older car, before all the electronics and plastic, are always repairable while our generation of cars will eventually die off due to non replaceable plastic and electronic parts.

 

Ted,

I don't think the desirability ever dropped - just the downturn in the World economy made them less attainable with the squeeze on incomes.

I hope you're right and things are on the way up again.

Graham

 

I suspect this is a mid-term problem.

Most electronic components can actually be repaired and as 3D printing gets cheaper and cheaper, the plastic bits probably won't be much an issue either.

Anything made in the last 30 years is full of plastic bits, and there won't be restoration of any make of car at all without some kind of reasonable cost method of reproducing those pieces. Companies like Eckler won't have a business unless they figure this out.

 

According to the paper trail on my 04 XKR that has 20" BBS, Brembo upgrade package, Black Recarro's, and all of the other toys, we have already seen a big upturn. My car was purchased new by a Jag dealer and personally registered to him. It was sold for $25,900 in 2007 to the second owner by the Dealer. That was one big hit for a 3 year old car with 7,000 miles of fun. Remember 07 was the crash and most non necessities went down then. The second owner sold it to me with 14,400 on the clock early last spring and she aged 7 more years without depreciating. In my book the depreciation stopped 8 years ago. I would venture a guess that I wouldn't be looking at a hit if I sold it today. Carnac says "slow rising long term up market on 04 - 06 prime examples".

 

rperformance,
I agree with you, but a year or two ago there were many sub-$10,000 cars appearing on a weekly basis. Now, it may be a combination of rising desirability and appreciation and this week's particular batch of cars may be in exceptionally good condition that explains these higher prices.

I bought my car 5 years ago for a little over $15000, i've put an additional 90,000+ miles on it, still looks essentially new and with all that I've done to the car (tensioners, gaskets, etc., supercharger rebuild, tranny solenoids, new hydraulic hoses and ram for the convertible, refinished wheels, repainted front clip,........I could probably still get nearly that amount were I to sell. I wouldn't, of course, but it's a satisfying feeling knowing that it's holding its value.

Interestingly, with regard to my Pantera, a couple of years ago you could purchase a "nuts and bolts" restored car for under $50K. Now those prices have doubled as well. I'm a lucky guy.

 

Scroll down the left side of the ebay page and click on "sold listings" to get the actual prices.

Jaguar XKR | eBay

 

There are still plenty of sub standard cheap XK8's around so it's hard to compare what you see as advertised with 20 foot pictures with what it really is. A dealer up the street from me has a 97 Conv. for $3,500. I wouldn't touch it with a 10 foot pole. Mint AZ body with faded red paint, but the Dash, Seats, and Top are sun destroyed. Slapping timing chain, needs top hoses, Rams, and top fabric, all new rubber, Shocks, upper mounts, bushings, tires, exhaust work and who knows what else? It looks nice in a 20 foot photo.

 

Just don't allow yourself to be fooled into thinking that these vehicles should be considered "investments". They are depreciating assets like 99.8% of the rest of the vehicles on the roads today....

 

I bought my 2003 4.2 Convertible in November 2014 from a Dealer in Autotrader which was advertised as the cheapest XK8 4.2 Convertible in the country !
Well, after noticing the oil leak from the diff and the rust in the nearside floor pan I still managed to knock £500 from this price as long as I agreed to get this fixed myself(the 3 month warranty probably would'nt be worth the paper it's written on). In conclusion, I don't really care how much it's worth as long as it stays reliable and I don't have to spend to much money on her.

 

You mean my retirement plan may not be foolproof?

 

I have to say that I've owned a number of cars (see my signature below) that have appreciated significantly, almost always after I've sold each at the bottom of their value!
I agree most cars do not appreciate in value, but if you can pick the right one, some do.

 

Selling a car is not magic. If you want a set price and you don't stick to your guns, it won't be long before others follow suit.
Unless you just need the money, and you have a good car (no hidden flaws) stick to your asking price and once folks shop around and see the conditions of some cars offered (as mentioned above) they will come to your terms. Just don't try to get top dollar for a car that will require hundreds or thousands of dollars to get road ready.
If we all do this, the market prices will climb. Two many of us give our cars away on a trade to a dealer, because we just have to have that one that's two years younger. So the dealer can sell our old car for pennies to the dollar and still make a profit.

 

The XKR prices may be rising, but it has been my observation that, even over the past few years, older XK8s, with a full service history, in beautiful condition, and very low mileage, are selling at very low prices. Great for buyers though and I am one of them.