Land Rover Range Rover (P38)

The P38 Range Rover sits at a median of $25,189 AUD in the Australian market, down 25 percent over the past year and carrying a sell signal. With only one recorded transaction in the tracking period, any year-over-year figure must be treated as a snapshot rather than a trend—the sample size is too small to establish direction with confidence.

Liquidity remains the central constraint: zero active listings and minimal transaction volume classify this model as illiquid, which means buyers face limited choice and sellers should expect friction in finding qualified purchasers. The low desirability score reflects soft demand in the secondhand market, despite the P38's collectible classification as a stable modern classic.

The projection model suggests material depreciation ahead, with a base case of $13,191 over three years (down 47.6 percent) and $10,867 over five years (down 56.9 percent). These declines assume continued softness in valuation and no structural shift in buyer interest toward the model.

Prospective buyers should view this segment as a utility or enthusiast purchase rather than an appreciating asset. The combination of illiquidity, low desirability, and downward price momentum argues for patience if entry is the goal—waiting for further consolidation may yield better terms, though there is no guarantee the market will stabilize at a higher floor.