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classic car news

Invest in a Jaguar XJS, a modern classic with prices on the rise

Why invest?

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.

What to look for?

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.

Why an XJS?

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-Screen Shot 2016-07-29 at 15.07.30type, 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.

Why now?

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.

 

Contact the experts

If you need help sourcing a classic car or Jaguar XJS, or would like to discuss a Jaguar restoration project, then contact us at info@kwecars.com to find out how KWE can assist you.

Classic car news round up (December-January)

Happy New Year from all at KWE Cars! To celebrate, we’ve compiled a list of the top classic car news stories from the last couple of months… Still good news for classic car owners!

How to invest in classic cars and dodge the pitfalls: From buying at auction to putting money in a fund (This is Money)

Classic cars have been one of the best performing alternative assets in the past year and going back further than that. Investors and enthusiasts have seen returns of up to 487% on classic motors such as Ferraris and Jaguars over the past decade.

The returns can be miles ahead of shares and property, but what are the best ways to invest and how can you make sure your investment doesn’t breakdown?

Classic can vintage cars more desirable than ever (Live Trading News)

Classic and Vintage cars are proving to be excellent investments. Classic cars were the top-performing asset class in property consultancy Knight Frank’s Luxury Investment Index in Y2015, and they rose by 16% in Y2014.

The index rose overall by 10% last year, growing by a very healthy 205% over the past 10 years. Classic and Vintage cars have been the strongest performer over both the long and short term.

The Historic Automobile Group (HAGI) known for its classic car indexes, has shown that the market for the very rarest of classic cars has risen by 487% over the past 10 years, and grew 16% last year, following the index’s 47% rise the year before.

Looking for a classic car? How about a Jaguar XJS?

Looking for a classic car? How about a Jaguar XJS?

10 classic car events not to be missed in 2016 (Classic Driver)

As we enter a new year, our thoughts turn to the 2016 events season. So grab that calendar, and prepare to note down the ‘must-attend’ meetings this year…

‘Passion investing’ in classic cars is gaining speed (CNBC)

So-called passion investing — allocating wealth toward high-value collectibles — has been around for about 10 years and is now expanding into the classic car arena.

Classic cars are gaining attention due to their nearly 500% returns over the past decade, outpacing art and wine by more than 100%, as reported by the Knight Frank Luxury Investment Index.

Auction highlights 2015 – this is what $161.8m worth of classic cars looks like (Classic Driver)

It’s been a year seemingly crammed with auctions and, while some trends are in line with those from last year, overall it’s a fairly different picture. Have a look at the top 10 most expensive cars sold at auction in 2015…

This ex-Juan Manuel Fangio 1956 Ferrari 290 MM sold for $28,050,000

This ex-Juan Manuel Fangio 1956 Ferrari 290 MM sold for $28,050,000

New year, new classic car?

If you’re looking to get your 2016 off to a flyer, get in touch with the classic car engineering experts at KWE Cars. We’re experts in restoring Jaguar XJ-based models back to ‘better than new’ quality. Call us on 01635 30030, ‘like’ us on Facebook or follow us on Twitter.

KWE’s classic car news round up (July-August)

Here are a few news highlights from the classic car industry from the last couple of months…

70% of classic cars are underinsured (Classic Cars For Sale)

Classic insurers say owners have unwittingly kept their cars’ agreed values at the same levels for years, despite recent price surges, particularly for 1970s and ’80s models.

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KWE’s classic car news round-up (June-July)

Here are a few news highlights from the classic car industry from the last couple of months…

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KWE’s classic car news round-up (April-May)

Here are a few news highlights from the classic car industry from the last couple of months…

Classic and vintage cars now seen as a stand alone investment (Live Trading News)

The Knight Frank Luxury Investment Index notes that classic cars have beaten everything from art, watches and coins over the past 1 year, 5 years and 10 years. This is telling people that classic and vintage cars are a viable investment asset class.

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KWE’s classic car news round up (Jan-Feb)

Here are a few highlights from the classic car industry from the last few months….

EU proposes ban on chrome plating

Classic car experts have warned that chrome plating will disappear as a decorative feature from 2019 if new EU regulations come into force. The EU seeks to prevent the use of hexavalent chromium, which it views as a carcinogen and is on its list of banned substances.

The proposed substitute, trivalent chromium, has caused concern for plating companies as it’s not viewed as tough enough to withstand the rigours of everyday driving. Unlike hexavalent, trivalent does not self-repair – if the surface is scratched the part is likely to corrode.

As classic car parts are often no longer in manufacture, the ability to re-chrome existing parts is important for restorers. Unless an exclusion to the ban is sought and granted, this option will no longer be available to us in Europe.

Chrome plating

Classic car industry cautiously welcomes proposed shift in historic vehicle status

Reaction to a proposal from the Federation of British Historic Vehicle Clubs (FBHVC) to shift the cut-off for historic vehicle status to 30 years is revealed in an article by www.classiccarsforsale.co.uk.

The proposed shift will see 30-year old cars become eligible for vehicle exercise duty (VED) exemption. Currently only cars over 40 years old qualify for this status. The article reports mixed opinions on how this will affect the industry.

Jaguar Land Rover’s manufacturing success continues

The UK motoring industry is in a buoyant mood after news that Jaguar Land Rover is to create a further 1300 jobs at its manufacturing site in Solihull. The company recently announced it was adding a new model to its Jaguar portfolio, which will follow the Jaguar XE into production at new facilities within the world-renowned plant.

Collectively the size of 22 football pitches, the new state-of-the-art facilities bring the Jaguar brand to Solihull for the first time. The investment in the facility is the largest in its 70-year history and testament to the company’s aim of accelerating its industry-leading expertise in aluminium and lightweight technologies.

The Jaguar XJS approaches its 40th birthday

At a London press launch in September 1975, Jaguar unveiled its new sports tourer model – the XJS. Later this year, as we approach its 40th birthday, we’ll mark the occasion with a fitting celebration. Watch this space!

For more information on the history of this model, visit our website.

 

 

KWE’s classic car news round up (Oct-Nov)

Here are a few news highlights from the classic car industry from the last couple of months…

Classics as investments: still a safe bet? (Car and Classic Magazine)

Today’s classic car market is attracting increasing numbers of investors and speculators. The last few years have certainly seen major increases in classic car values, with vehicles selling for the kind of money that would have seemed unthinkable even just a decade ago.

Ultra-low bank rates are encouraging enthusiasts and investors alike to spend their own money on cars, giving them an enjoyable asset that may continue to rise in value, rather than them simply relying on 1-2% from their bank.

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