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.
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 firstname.lastname@example.org 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 email@example.com
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.
The Jaguar XK8 – an eventual successor to the XJS – is set to become a future modern classic, as its investment challenge starts to build momentum in a similar vein to its predecessor.
The XK8, although considerably different in terms of looks, actually shares a great deal in common with the basic XJS body and suspension. With this similarity comes comparable restoration needs, and KWE’s XJS expertise puts it in pole position for helping XK8 owners get the most out of their car. (more…)
A Jaguar V12 cooling system in good condition is capable of dealing with all conditions, contrary to popular belief, and does not need upgrading or fancy coolants and additives. However, it is relatively complex and more difficult to keep in good condition compared to the I6 engines.
A common problem is that the heater will not blow hot even with the engine up to full temperature. As far as the source of heat is concerned, there are two main likely problems: (more…)
In Doug’s second guest blog, we asked about any memorable journeys he’s taken in his XJS – and we certainly weren’t disappointed! It looks like Doug’s got the right idea when it comes to classic car ownership, as he gets so much more from the car than if it was kept in a garage all the time.
I’m not keen on cars sitting in garages or concourse-style perfection. Don’t get me wrong, I am pedantic about how she looks, is maintained and drives. The key requirement being that the car must be driven. I bought her to enjoy driving and feel connected to the road, not to look at and polish – granted I do a fair bit of this too.
To this end, we recently took her to the Spa Classic Racing meeting at Spa Francorchamps circuit last May. (more…)