EurotaxGlass's backs XJ
The research carried out by EurotaxGlass’s suggests that the new 3.0-litre diesel XJ will keep 40% of its value after three years/60,000 miles.
Jason King, head of market intelligence for EurotaxGlass’s, said: ‘The exterior design of the new XJ is certainly stunning, bringing a bold, fresh approach to the luxury car segment. This bold design is sure to appeal to a wider and much younger audience, building on the fine work of the XF in helping the Jaguar brand redefine itself and appeal to a younger buyer.
‘We’re not surprised to see the Jaguar going head-to-head with the Mercedes S-Class, traditionally the industry-leader for these retained values.
‘The XJ offers interiors, levels of equipment and overall quality more familiar to buyers of models offered by the other great British luxury car brands, like Bentley and Aston Martin, so we are expecting that the appeal of the new XJ will be very strong. This will translate into strong demand from the used car buyer of the future, and our analysis suggests that this strong residual value position will remain for some time.’
Richard Crosthwaite, prestige car editor at EurotaxGlass’s, added: ‘It’s not just the new XJ that has impressed us. The XF has been an amazing success for Jaguar and has been rewarded with cast-iron residuals, outperforming the sector.
‘Its used car values are incredibly impressive with a one-year value on a diesel XF standing at 80% – the next best comparable in the sector at 72% and the worst is 55%. Let’s hope the next decade sees more of the same for Jaguar – great designs, controlled volume and a truly prestigious and exclusive brand going from strength to strength.’For more of the latest industry news, click here.