50 Cars That are Plummeting in Value

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#35 – Jaguar XK

Class: Grand Tourer
Production: 1996-2014
Starting Price: $84,500+
Depreciation Rate: 29.2%

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Produced from 1996 to 2014 as Jaguar’s replacement for the XJS, the Jaguar XK is now obsolete despite its brief popularity as a two-door coupe and two-door convertible. First debuted at the Geneva Motor Show in 1996 where it was praised as Jaguar’s first 8-cylinder model since the Daimler 250, the Jaguar XK went through two generations with upgrades including an aluminum monoscoque body shell that reflected a jaw-dropping sticker price of $84,500.

Although many drivers happily forked over $84,500 to drive the new Jaguar XK in the late 1990s, demand declined by the mid-2000s, which led Jaguar to up the ante with the release of its XKR model that promised higher speeds and an additional 40-horsepower under the hood. Jaguar also released the convertible version of the XKR-S in 2012 but not even that generated enough interest with production stopping in 2014. Now, the only Jaguar XKs on the road are pre-owned with owners facing a 29.2% depreciation rate after 12 months. This makes the Jaguar XK a steal in the pre-owned car market with prices ranging between $25,000 and $45,000.