Like a unique piece of china, rare coin, or one-of-a-kind ornament, well-preserved collectible cars can be worth a small fortune if you wrap them in cotton wool and barely drive them.

However,  a Jaguar being sold at auction next month has proved that sticking a potential future classic in storage for 28 years can backfire.

The model in question is a 1990 XJS V12 HE that’s covered just 840 miles from new and remains almost in the same condition it was when it left the factory almost three decade ago.

So you might assume it is worth a fair whack by today’s standards? However, it’s only valued at half the price the first owner would have paid for it.

It highlights that if you do the sums and adjust for inflation, stashing a car away is not always a sure fire investment.

Delivered by the Bristol Motor Company to the first owner on the 19th May 1990, Silverstone Auctions has described the timewarp Jaguar XJS HE Automatic as a ‘rare find indeed’.

It is offering the coupe at a UK auction next month with an estimate in the region of £35,000 to £40,000.

Hagerty Classic Insurance values a concours-condition XJS V12 HE at £13,500 today, while a shabbier example will only set you back around £3,900. That means the estimate for this almost unused one is a significant premium.

But while that might sound like lot of money, it’s almost exactly the same price it was when it originally rolled off the production line almost three decades ago.

That’s because the list price of this car in 1990, according to Jaguar Classics, was £34,200.

Even allowing for it selling at the top end of the estimate, with the hammer going down at £40,000, with the impact of inflation taken into account this untouched gem has halved in value.

Despite having barely been used in a conscious effort to safeguard it, the higher estimate is less than half the inflation-adjusted original price, which works out at £81,014 – according to This is Money’s inflation calculator.

This will be music to the ears of enthusiasts and traditionalists among the classic car world who might not agree with the idea of shoving unused vehicles into storage to profit from potential future values, instead of driving and enjoying them.

Silverstone Auctions, who is selling the preserved Jaguar XJS, said it still has a hint of that new-car smell despite being 28 years old

As you can see, the engine bay is almost as clean as it was when the car left the production line. Unfortunately – for the seller – the efforts to preserve it haven’t made them a profit.

The mint condition Jaguar is still expected to draw plenty of attention, as not too many opportunities will arise in the future to own one that’s barely turned a wheel in almost three decades.

There’s barely a hint of wear and tear on the burgundy metallic paint and no signs of tugs or splits in the cream leather interior.

Even the mahogany dashboard, centre console panels and door inserts have the fresh glossy coat of lacquer it was first graced with.

Silverstone Auctions even claims it ‘even retains some of that distinctive new car smell’.

Under the bonnet, the 5.3-litre V12 engine is spotless and should retain all 299bhp it left the factory with.

The first owner took delivery in 1990 and kept it in storage for the next 25 years.

The current vendor bought the vehicle in 2015 and has barely put a mile on the classy British coupe since.

All the original books, manuals and service documentation is present along with some previous MOT forms.

The auction takes place at Silverstone race circuit in Northamptonshire on 21 and 22 July.

It will be offered to the highest bidder alongside a 1987 Ford Sierra RS500 Cosworth with 10,840 miles on the clock that’s predicted to sell for a more impressive £105,000.

Some 21 years ago, the fast Ford would have cost £19,950 new.

That works out an inflation-adjusted £55,685, so the Sierra Cosworth at least is almost twice as valuable today as it was when first sold.


Jaguar I-PACE Global Drive, Portugal, 2018

Having purchased 20,000 I-Paces for its US business, Alphabet Inc’s self-driving unit Waymo will need “a large number” of cars to expand its robo-taxi service to Europe, its chief executive told a newspaper, declining to say who could supply the vehicles.

“Everything we have announced so far is just for the United States. We need many more vehicles,” German daily Handelsblatt cited John Krafcik as saying in an interview published on Thursday.

“I cannot give you an exact figure, but it is a large number,” he added.

Waymo is set to launch its ride-hailing service in areas of Phoenix, Arizona, in coming months, with plans to subsequently roll out the program more widely in the United States using vehicles made by Fiat Chrysler (FCA) and Jaguar Land Rover.

Fiat Chrysler will supply up to 62,000 more cars to Waymo.

Krafcik told Handelsblatt he wanted to keep the carmakers he was in talks with about vehicles for Europe confidential for now.

He reiterated that the service would likely not carry the Waymo brand in Europe.

“In Phoenix, we are launching under the Waymo brand. In Europe we would choose a different approach because our brand is not well known in Europe. We would cooperate with a European car brand,” he said.

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Jaguar Land Rover plans to invest $17.8 billion on new products, next-gen tech in three years

JLR told the UK investor fraternity last week that it will invest a minimum of $5.95 billion annually over the next three years.

In the last financial year, Jaguar Land Rover (JLR) had invested $5.5 billion, over half of which was in new vehicles and technologies and the rest in new and upgraded manufacturing and R&D facilities.

In a statement after declaring the results for the year ended March 31, JLR’s CEO Ralf Speth, had said “As we mark the first 10 years of Tata ownership, our focus is on shaping our future and we will continue with over-proportional investment in new vehicles, manufacturing capabilities and next-generation automotive technologies.” But nobody could have guessed that “over-proportional” meant a whopping $17.8 billion over the next three years.

According to The Economic Times, JLR told the UK investor fraternity last week that it will invest a minimum of $5.95 billion annually over the next three years. This is reportedly the biggest investment in its history, a strategy the company hopes will help it to stay ahead of rivals like Mercedes-Benz, BMW and Audi in the electric vehicles (EVs) race. And also help it to catch up on the numbers game in the traditional luxury car market.

The funds, the daily added, will go into an unprecedented, 99-product programme that will include annual updates, new-generation cars, vehicles on the electric power-train, and four new brands that include the I-Pace and the new Defender. Two more EVs could also be on the cards. In fact, 51 per cent of the total capex will be on products. With trade war and Brexit challenges looming large, JLR is increasing its focus on products than on capacity addition.

But it’s not a new strategy for the company. Between FY11 and FY18, JLR has spent $26.47 billion at the current exchange rate, on capex. During that period, sales increased 15 per cent annually.

To fund its ambitious three-year plan, JLR is banking on internal accruals and debt. In its Q4 results the company had said that in the last fiscal it had $6.15 billion of cash and $2.51 billion undrawn RCF. The daily added that JLR’s capital expenditure to sales ratio stood at 16.2 per cent in FY18, which, as per analysts’ estimates of JLR investments in the next three years, will likely move from 16.2 per cent to 14.8 per cent and 13.6 per cent during the period in question.

The lower guidance on capex to sales ratio in the long-term is likely to be viewed positively by the Street as it would help support sustainable free cash flow. JLR’s rivals already fare better on this score. For instance, in 2017, BMW’s capital expenditure to sales ratio stood at 11 per cent and Daimler’s at 12.1 per cent.

In the medium term, JLR expects the share of battery electric vehicles (BEV) and plug-in hybrid electric vehicles (PHEV) in total sales to rise to 20 per cent, while that of diesel and petrol vehicles will drop to 30 per cent and 50 per cent, respectively. So it is reportedly consolidating vehicle architectures from six to three, and transitioning to a modular vehicle platform with electrification as a critical element. This will bring in economies of scale and reduced costs. Also on the cards is a new premium transverse architecture for small SUVs, modular longitudinal architecture for EVs, and even modular engine architecture that will prepare the company for future regulatory challenges.

Worryingly, JLR’s ambitious investment plan comes at a time when it is taking a hit on the sales side from cyclically weaker markets in the UK, exacerbated by Brexit, and in the US. The markets also remain challenging because of diesel uncertainty in the UK and Europe, as the company pointed out in its Q4 results presentation.

The daily, therefore, sees its free cash flow – or the money available for distribution from profit after deducting capital expenditure -remaining negative in the near term with the stated investment plan of $5.95 billion in this year. JLR already had negative cash flow of $1.37 billion in FY18.

The company, however, expects higher sales growth with improved profitability in FY19. JLR reportedly told investors that IHS Markit predicts the global luxury car market to grow from 6.6 million to 7.7 million units in the coming six years. The three-year investment game plan focussing on new products might help it ride ahead of its rivals.

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Female racing driver Aseel Al Hamad celebrated the end of the ban on women drivers with a lap of honour in a Jaguar F-TYPE.

Aseel, the first female board member of the Saudi Arabian Motor Federation, had never driven on a track in her home country before.

Aseel joined Jaguar in a call for June 24th to be known as World Driving Day – a day when finally, the whole world can enjoy the thrill of being behind the wheel of a car. On World Driving Day Jaguar invites people to share a memory of their best driving moment (image or anecdote) using the #WorldDrivingDay.

Aseel said: “Having loved cars since I was a child, today is highly emotional for me. This is the best driving moment of my life. What better way to kick off World Driving Day than a lap of honour in my home country in a Jaguar F-TYPE – the ultimate car to roar around the track. I hope people around the world will share in our joy today by sharing their most memorable driving story using #WorldDrivingDay.”

By creating World Driving Day, Jaguar urges people to remember this historic day and what it means to women, to Saudi Arabia and to world progress in general. As part of its ongoing work with over 40 Universities and Academic institutions globally on future mobility solutions, the company will also be partnering with University in Saudi Arabia to join this global network. The partnership, to be announced later this year, will be a unique exchange to tap into the brightest young minds in Saudi Arabia to shape the company’s future innovations as it moves to ACES (an Autonomous, Connected, Electrified and Shared future).

Jaguar Land Rover spokesperson, Fiona Pargeter, Customer Experience Director comments:

“It’s easy to forget and take for granted the enjoyment of driving and just what a privilege it is to get behind the wheel of a car. World Driving Day is a commitment from Jaguar to celebrate this key moment annually for both men and women. This year, we’re really excited to collaborate with the brilliant students from Saudi Arabia to shape the future of mobility for people around the world.”


Hand-assembly of the new Jaguar XE SV Project 8, the most powerful, agile and extreme performance Jaguar road car ever, begins in June 2018.

The first examples of Project 8, a limited-edition sports sedan with genuine supercar performance, will be delivered to performance driving enthusiasts this summer.

The All-Wheel Drive 441kW (600PS) 5.0-litre Supercharged V8 petrol Project 8, which has a top speed of 200mph and accelerates from 0-100 km/h in just 3.7 seconds*, set a new four-door production car record around the Nürburgring Nordschleife in Germany last year – the ‘gold’ standard for all-round high performance.

Its best lap of 7 min 21.23 sec was quicker than many supercars. It is available either as a four-seater or in lightweight two-seat Track Pack configuration, which also boosts torsional rigidity by 27 percent over the four-seat version (Track Pack is a market-dependent option at extra cost).

John Edwards, Jaguar Land Rover Special Operations Managing Director, says: “The SV team’s aim is to produce halo vehicles that push the boundaries in terms of luxury, performance and all-terrain capability.

Project 8 is a great example of what happens when enthusiastic designers, engineers and manufacturing specialists are given the opportunity to create an extreme performance sports car without compromise.”

Fundamental to the performance of the most track-focused SV vehicle ever produced, Project 8 features a number of modifications to the award-winning XE’s lightweight aluminium bodywork, including: carbon fibre bumper with enhanced cooling ducts, vented carbon fibre bonnet, flared wheelarches covering 20-inch forged aluminium alloy wheels, adjustable front splitter, flat underbody, rear carbon fibre bumper with integrated diffuser, and an adjustable rear aerodynamic wing.

These developments ensure that Project 8 is the lightest and most purposeful V8 sedan in the Jaguar range.

To ensure optimum performance on road or track, Project 8 enhances the XE’s double-wishbone front and Integral Link rear suspension with redesigned front uprights, two-piece upper wishbones, plus motorsport-derived ball joints and twin springs (height-adjustable for a 15mm lower ride on track).

It also debuts a new Carbon Ceramic Braking system, an industry-first use of F1-style silicon nitride ceramic wheel bearings on a road car and incorporates a rear Electronic Active Differential (EAD) with oil cooler – a first for XE.

To maximise traction, Project 8 utilises a re-calibrated version of Jaguar’s eight-speed Quickshift All-Wheel Drive system.

Capable of changing gear in just 200 milliseconds, and shifting non-sequentially, such as from 8 to 2 in extreme situations, it helps deliver outstanding precision and confidence with a strong torque-rich shift quality unique to this car.

Mark Stanton, Special Vehicle Operations Director, says:“With Project 8 we set out to deliver a fast, fun and engaging car that encourages you to explore its performance. The power delivery and gear shifts of Project 8 are the most visceral we have ever delivered on a Jaguar. Rest assured, no stone has been left unturned in our mission to make this the most rewarding Jaguar driver’s car ever.”

Project 8’s all-new Carbon Ceramic Brakes (CCB) system features 400mm two-piece front discs with six-piston aluminium calipers, 396mm two-piece rear discs and uses motorsport-grade Synthetic Racing Fluid (SRF). Incorporating the latest braking technology they deliver consistent pedal feel, fade resistance and longevity under the most demanding conditions.

The Electronic Active Differential (EAD) system works with the Intelligent Driveline Dynamics system to precisely manage torque delivery to each of the rear wheels.

In conjunction with enhanced large diameter front and rear driveshafts, the EAD ensures optimum ability to put power and traction to the road in all situations and contributes to the exceptional lap times achievable by Project 8.

The wheel and tyre package of the Project 8 is the largest ever fitted to a production Jaguar sports sedan. Measuring 9.5 x 20-inch at the front and 11 x 20-inch at the rear, the forged aluminium alloy wheels are engineered for light weight and stiffness and are fitted with track-perfect Michelin Pilot Sport Cup 2 tyres fitted as standard (the only option).

This is also the first Jaguar to feature a dedicated Track Mode as standard. In its most extreme settings, and in ‘Track’ mode, Project 8 delivers 122kg of downforce at 186mph – 25% more than its closest rival.

Track mode tailors the driveline and stability control systems for circuit use by sharpening throttle, gearbox and steering responses and tuning the dampers to their most aggressive setting. 

David Pook, Project 8’s Vehicle Dynamics Manager, says:“We’ve continued to develop and hone the whole car right up to the start of production, to make it even more responsive and to handle even better.

The springs are stiffer and so are the engine mounts. The suspension arm bushes have changed. The brakes have been refined for the exact pedal feel and performance we want.

But the biggest changes are to software. They are all small adjustments – to improve performance, feel, responsiveness, refinement.

We keep challenging ourselves to keep improving the car, and push boundaries. It’s certainly even faster, better handling and more responsive than it was six months ago. All that effort has been worth it.”

For serious circuit use, specifying the optional Track Pack saves 12.2kg by replacing the magnesium-framed front Performance seats with lightweight front Carbon Fibre Racing Seats.

Additional Four-Point Harnesses offer ultimate security, and a fire extinguisher system is fitted. The rear seats and seatbelts are removed for Track Pack specification, replaced by a Project 8-branded carpeted panel and a Harness Retention Hoop.

Project 8 is available in eight body colour choices – three eye-catching standard colours: Fuji White, Narvik Black and Caldera Red, plus five enhanced SV Design options incorporating colours and finishes from the SV Premium Palette: Valencia Orange, Velocity Blue, Meribel White, Verbier Silver and Corris Grey (satin matte).

Track Pack-equipped Project 8s are distinguished by a Gloss Black painted roof and Project 8 twin-stripe exterior decals.

Owners will also be able to personalise their car by specifying further optional colours and finishes from the SV Premium Palette range, which includes 19 colours in tri-coat, tinted clear coat, pearlescent, ChromaFlairTM and satin matte finishes. Race-inspired decal packs, accentuating Project 8’s high-performance attributes, are also available.

The high-performance theme continues inside, with subtle applications of Gloss Carbon Fibre trim as well as Alcantara, on the rim of the Project 8 Sports Steering Wheel, instrument binnacle and door cards.

The eight-speed Quickshift transmission can either be operated by aluminium shifters behind the steering wheel or by a central shift lever – another first on XE.

Project 8 costs from £149,995 in the UK and is the second Collector’s Edition Jaguar from Special Vehicles, after the 2014 F-TYPE Project 7.

Deliveries begin this summer and all Project 8s will be built in left-hand drive configuration only, therefore XE Project 8 will not be sold in Australia.

*All figures are manufacturer’s estimates and subject to final confirmation ahead of production.

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