Landy Defender: Now prices could also go just about anywhere…

Land Rover prices
DID YOU MAKE A SMART INVESTMENT? This three-door Land Rover would usually retail for about R390 000 in the UK but the owner is asking R690 000 since production ended. Image: Google

LONDON, England – Fans of the iconic Land Rover Defender who rushed to buy a piece of history are proving to have made a smart investment as prices soar against anticipated shortages since production stopped in 2016..

Automotive valuation specialists CAP say good examples are demanding a huge premium over new list price. You could, in fact, say that, like the Defender, prices could go anywhere…

John Watts, senior editor at CAP, said: “We’ve already started to see an upward movement in trade values for the Defender in general due to the anticipated demand and potential shortage following the end of production. Over the longer term we expect retail buyers to keep their vehicles longer because they know that finding a replacement will be nigh on impossible.

HUGE PREMIUMS FOR ‘NEARLY-NEW’

“Defender 90 units are expected to be the highlight of the range since this model is closest to the original first production versions and a Defender with a ‘premium’ conversion will do exceptionally well.”

CAP says a three-year-old Defender 90 Hard Top that had covered 50 000km was valued at £11 600 (about R267 000) average trade price in June 2015. The 2016 equivalent can pull £12 300 (about R283 000).

Dealers are demanding huge premiums for nearly new vehicles. A Land Rover Defender 90 2.2d three-door showing 1600km which cost £17 000 +VAT (about R390 000 ) new was listed on Autotrader at £30 000 (about R690 000).

READ OTHER LAND ROVER FEATURES
Landy SVR takes on frozen ‘Silverstone’
Range Rover Convertible: ‘Dawn’ sighting for real’

Land Rover dealer Ross Munro from LR Motors in North Yorkshire, north-eastern England, reported: “Nearly-new or pre-registered Defender units are selling for 20% above list price and we are seeing some owners asking for more. With 75% of Defenders ever built still on the roads they could prove a smart buy for investors or enthusiasts.”

HIGH PRICES HIT AFTERMARKET, TOO

The Defender has attracted a thriving aftermarket with specialist companies such as Twisted producing enhanced vehicles with prices up to £150 000 (about R3.5-million).

Twisted say it has seen enquiries jump by 30% with interest coming from businesspeople and celebrities around the world.

Advertisements

One Comment Add yours

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s