The big story

Jaguar Mk2 val­ues ris­ing

Classic Car Weekly (UK) - - This Week -

‘They are out of favour but they will come back’

There are a few cars that have re­mained at the heart of the British clas­sic move­ment – Mor­ris Mi­nors, MGBs, Mi­nis and com­pact Jaguar sa­loons in MkI and Mk2 forms.

Ev­ery­one seemed to want one dur­ing the last boom, and Mk2s in par­tic­u­lar were in and out of clas­sic deal­ers in the blink of an eye, es­pe­cially if they were red with chrome wires, and in big­ger-en­gined 3.4 and 3.8 forms. In­ter­est in the 2.4 and MkI was, by com­par­i­son, min­i­mal. To­day’s mar­ket is dif­fer­ent from that of the late 1980s, but some might be sur­prised to learn that de­mand is slack­en­ing-off. The mar­ket, it seems, isn’t cold­shoul­der­ing the small Jaguar four-door, but it is re-valu­ing cars in favour of buy­ers.

None sold at auc­tion in Jan­uary, but ACA did shift a pair of Daim­ler V8 250s, a 1968 car mak­ing £8610 and a 1969 ex­am­ple, £3675. Sil­ver­stone sold a 1963 3.8 in Fe­bru­ary for £24,750, but things im­proved in March, H&H sell­ing three at its Dux­ford sale, in­clud­ing a 1968 340 re-en­gined with a 4.2litre en­gine that sold for £33,750.

Nev­er­the­less, the com­pact Jaguar isn’t the halo motor it once was, as CCA sales man­ager, Gary Dunne, ex­plains. ‘ We would even go as far as to say that val­ues of these cars are ac­tu­ally soft­en­ing. The main rea­son we think this is hap­pen­ing is sim­ply that the cars aren’t as top­i­cal or fash­ion­able with as many buy­ers as they used to be,’ he says.

‘For ex­am­ple they used to fea­ture heav­ily on many hit British TV se­ries, but less so now. Many are hold­ing their own but they are not mov­ing up in the way of, say, Jaguar E-types. On the pos­i­tive side this makes them great, af­ford­able cars and at the right con­di­tion and level, ex­am­ples will al­ways find a buyer.’

Gary is not a lone voice, and Barons’ di­rec­tor Peter Gas­coigne high­lights the pit­falls of own­er­ship. ‘It’s that un­usual blend of a beau­ti­ful

car that is prac­ti­cal,’ he says. ‘So why are prices stick­ing at the moment? The cheaper 2.4 is slow and thirsty, while the big­ger mod­els are just thirsty, and if you have a Moss gear­box and no power steer­ing they are very heavy to drive.

‘Restora­tion of a Mk2 is al­ways go­ing to be ex­pen­sive, cost­ing at least £1000 per side to do the door sills prop­erly. To­day’s new buy­ers don’t nec­es­sar­ily know about Mk2s, as dad prob­a­bly didn’t have one. They are out of favour right now but they will come back, they are just too beau­ti­ful not to.”

Thanks to TV shows like In­spec­tor Morse Jaguar Mk2s were very hot prop­erty. Things have cooled down, now.

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