Following the UK general election the result of who will be running the country was quite literally hanging in the balance. We look at how this could benefit international classic car buyers looking to get their hands on a beautifully restored Jaguar XJS.
The one thing we can see for sure is the effect that the election has had on the exchange market. Before the election the pound was slowly rising following Brexit and the flash crash in October 2016, which saw a higher demand for British classic cars from international buyers.
Now the pound has dropped further again making British classic cars over 10% more affordable to U.S. and European buyers than this time last year.
The XJS may not initially have been the most popular Jaguar, due to some questionable build quality and the hard-lined style that took some time to be publicly accepted. We can now safely say it has left its mark as one of the greatest luxury grand tourers of its time, with Jaguar selling a remarkable 115,413 examples over a period of 21 years, making it a hugely successful model for the famous British brand and comfortably outselling its more famous predecessor, the E-type, by around 40,000 units.
With that in mind, good condition examples of these cars are ever becoming harder to find, after a check with the DVLA there are less than 900 XJS models left registered on the road in the UK, and around 2200 declared off the road in 2016. Most of these examples are in an unknown condition. However, KWE have proudly carried out extensive restoration work on over 300 various XJS models, covering over 30% of the cars that are still on the road in the UK today. We cannot account for the number of XJS models left around the world, but we would expect there to be a lot of good LHD examples in the U.S, especially in its dry states, and in Japan for RHD, this is being due to their more rigorous testing standards and the fact they do not use road salt, thus keeping rust at bay and bodywork in far better condition.
Next, we looked at the rising value of the XJS, especially in the convertible and cabriolet models. The Jaguar XJS is not yet valued in the hundreds of thousands of pounds like the E-type. But it is steadily rising year on year at an increasing rate. According to web-based Classic Car Auction Results, this is the time to get your hands on the next big thing:
“The XJS does seem to have begun a growth curve in recent years that suggest similar levels of growth to what we have seen in E-Types are to come, Charlie suggests: There are now far more cars selling for more than £10k, and the cars fetching over £20k are no longer just ultra-collectible cars or super low-milers. High spec, exceptional condition cars are now achieving these figures too.”
“With an approximate value increase of 50% in 10 years, Jaguar XJS values don’t need to get much higher before the annual value increase is in the thousands [of pounds].” He adds.
Why choose the UK’s leading Jaguar XJS Specialist? Well, we are probably the most experienced restorers of the XJS to better than new condition, and work hard to make the car exactly as the client desires rather than working to minimise time and cost.
KWE carefully select upgraded parts that are second to none, and their experienced specialist technicians have inside and out knowledge of these glorious cars. They have an excellent track record in keeping their customers happy, one of the ways they achieve this is by regular updates and photos on their exciting restoration journeys. KWE likes to keep you in the loop, whether you are around the corner or across the sea.
In addition to the above, they strive to make the process as hassle free as possible. With their international clientele spanning across the globe, they have gained experience in importing and exporting classic cars to wherever their customers are in the world, including Europe, Australia, Japan and the U.S.
As part of the comprehensive Sea Freight service they can offer, their trusted agent will;
Should you own or purchase a car anywhere in the world, they are able to arrange all of the above formalities in reverse, setting up and monitoring the entire process from start to finish.
So, if you’re based outside the UK, now is a very good time to buy a UK classic car!
Contact KWE today to discuss your requirements – whether that’s sourcing a classic car, shipping, or restoration.
As one of the UK’s leading restorers of luxury classic cars, we come across all sorts of common problems that require the attention of our specialist engineers.
At KWE our aim has always been to ensure our customers receive a ‘better than new’ restoration service for their Jaguar XJS, XJ, XK and Aston Martin DB7 vehicles. So, we believe it’s important to share information that will ensure these vehicles maintain their reliability and roadworthiness.
We’ve noticed an increase in the number of classic cars being delivered to us for restoration with fuel system failures. Here we offer 7 preventative tips that will keep your vehicle in good condition and help avoid expensive remedial repairs.
Rust and sludge
The primary problem is due to the accumulation of rust and sludge in the fuel tank.
Even though high quality fuel filters are used in the fuel system, fuel pump damage and clogging of the injectors can occur.
Rust forms when moisture and air come into contact with unprotected steel. To prevent your fuel system from being attacked by rust it’s important to eliminate at least one of these materials.
3. Help protect the injectors by adding a petrol additive such as Forté Specialist Injector cleaner. For long term use Forté Advanced Gas Treatment (search eBay)
4. Avoid filling up at a petrol station if a forecourt tanker has recently visited to refill the underground storage tanks as this process can stir up the water in them which then ends up in your own vehicle’s tank
5. Have your tank and swirl tank emptied and cleaned out at least every ten years. Ideally have the tank treated internally so that the normally bare steel is coated
6. If your vehicle isn’t driven regularly then run your engine once a week for at least 15 minutes to keep the injectors working properly. Ideally, drive the car for a few miles to keep the brakes working and tyres exercised, while avoiding wet or salty conditions
7. The slow evaporation of the volatile elements of fuel results in a sticky and non-combustible residue. This can clog fuel injectors and prevent the car from starting and running smoothly. It’s therefore important to drain and replenish with fresh fuel if the vehicle is left for any length of time
Additional tips for preventing classic car rust can be found here. Happy motoring!
Over the past 10 years, the value of classic and luxury cars, as measured by the Knight Frank Luxury Investment Index, has increased by 467 per cent. To put this incredible performance in perspective, this compares with a rise of just 111 per cent in the top end of the London residential market. Hedge fund managers saw returns of only 7.73 per cent over the same ten-year period. The index has reported a continued rise of 17 per cent over the course of 2015 alone. Due to this meteoric rise in value, classic cars are beginning to be recognised as an asset class in themselves, rather than just high-value collectibles.
Buying a classic car is clearly a smart investment choice, particularly as the stock market is volatile and interest low post-Brexit. At a time when there is little benefit to keeping cash in the bank, why not invest in an asset that will not only hold its value, but also bring you years of enjoyment? ‘Passion investing’ is increasingly expanding into the classic car arena; in the last 3 to 5 years, the volume of global purchases has exploded, driven by investors rather than casual collectors.
The best investment strategy is purchasing the ‘right’ brand of classic car. Only certain quality brands will hold value, including Ferrari, Lamborghini, Aston Martin, and, of course, Jaguar. Look out for cars with documentation and proof of ownership (we have a selection of classic cars for sale here). The car should be in investment-grade condition, or restored to a high standard – something that our wide range of services can certainly help with. Other strategies include choosing a car that was iconic in its time, or is known from TV and film.
Cars from the 1970s to 1990s are beginning to be seen as ‘young’ or ‘modern’ classics, ideal for long-term investment. According to current market trends, prices are set to rise considerably. The XJS, created in 1976 in the shadow of the E-type, quickly won over enthusiasts and achieved a long production run, appearing in numerous TV shows over the years, including The Saint. The car’s instantly recognisable lines have cemented its iconic status and ensured lasting appeal.
The XJS continues to be cited as one of the top modern classics, with numerous publications extolling its virtues. Classic Driver, The Sunday Times and AutoExpress have all published guides to investing in classic cars that recommend the XJS.
As well as the beauty, driving experience and nostalgia-factor of the XJS, the potential for returns on investment has also been widely documented. Classic Register named the XJS as one of the ‘Top 10 Affordable Future Classics,’ saying that ‘Many are now starting to recognise the significance of the XJS… which can only mean good things for value growth in the long term.’ Petrol Blog included it as one of their ‘Top Ten Modern Classics with Investment Potential,’ noting that ‘prices seem to have really jumped in the past few years and this is a trend that will almost certainly continue.’ Tellingly, Autocar has predicted that the XJS will never be cheaper than it is at the moment, advising: ‘Find a good XJS and you’ll have an appreciating classic. Old Jags are in demand.’
Clearly, there are compelling reasons to purchase an XJS now, as more and more investors catch on to its appeal and prices continue to soar.
If you need help sourcing a classic car or Jaguar XJS, or would like to discuss a Jaguar restoration project, then contact us at email@example.com to find out how KWE can assist you.
Get involved in this XJS Convertible restoration project – what will you choose?
We’ve been busy beginning restoration on this XJS V12 Convertible, offered for sale. Hailing from Liverpool, it has very low mileage, and will be an affordable and cost-efficient classic car once our work is finished.
All we need now is you! Would you like to play a part in the car’s restoration specification – and perhaps become its new owner? We’re inviting our readers to suggest improvements, such as the colour scheme for the body paint and interior. This is a chance to build the classic car you’ve always wanted!
You can find some photos of the work so far here. As we go through the process of dealing properly with typical rust issues, we’re relishing transforming this convertible into a very strong and reliable XJS.
If you’ve got some great ideas for this Jaguar, we want to hear them – contact firstname.lastname@example.org
The roof is down, the wind is in your hair and all that lies in front of you is the open road and the perfectly tuned V12 engine of our latest Jaguar XJS offered for sale.
We’re selling this superb example of a 1992 V12 XJS convertible on behalf of one of our clients. It’s been given the full KWE treatment with our full suspension, brakes and steering renewal and upgrade package, providing that familiar smooth and comfortable ride you’d expect from all of our fully-restored classic Jaguar cars.
With only four previous owners, this low-mileage XJS has just over 40,000 genuine miles on the clock. Its exterior is matched by the quality of workmanship and time spent on its interior. Finished in Jaguar Solent Blue with a cream leather interior and American Walnut wood veneers, this superb convertible sports car is guaranteed to turn heads whenever and wherever it’s driven.
For a full suite of pictures please click here.
For pricing and detailed service information, visit our website here.
You can see the full range of our cars for sale here.
Continuing our series of guest blog posts, we asked loyal customer Tony Bray to tell us why he chose his XJS, and how KWE helped to make it ‘the best car it could be.’ (more…)
Our Jaguar XJS restoration skills were fully utilised during one of our latest projects, which features as our ‘Car of the month’ for March 2016.
The new owner of this stunning example of a fully restored XJS V12 coupé requested that we first find and purchase the donor car. (more…)