Land Rover Defender (L663)

The US market for the Land Rover Defender L663 shows a median transaction price of $54,320, down 25 percent over the past twelve months—a sharp depreciation signal that warrants caution from current owners. The severe year-over-year decline reflects broader weakness in modern SUV values and suggests the model has yet to establish a price floor in secondary markets.

Liquidity remains severely constrained, with only a single tracked sale in the past year and zero active listings at present. This scarcity of transaction data limits confidence in the median figure and makes pricing forecasts inherently uncertain; buyers and sellers should expect friction in finding matching counterparties.

The L663 ranks in the "depreciating modern" category with very low desirability and modest demand fundamentals. Production volume data is unavailable, but the combination of weak collectibility scores and minimal secondary-market activity suggests the model appeals primarily to functional buyers rather than collectors or enthusiasts seeking appreciation potential.

Average mileage on recorded transactions stands at approximately 38,300 miles, indicating relatively light use among the limited sample. These figures reflect typical owner profiles rather than a reliable baseline for market expectations.

Projections through the five-year horizon show continued mild depreciation, with the base case suggesting prices near $51,600 by year five—a cumulative decline of roughly 5 percent from current levels. The shallow slope of near-term depreciation implies the model may be approaching residual equilibrium, though the extremely thin transaction data leaves substantial room for revision as more sales accumulate.

The combination of illiquidity, very low desirability, and persistent depreciation pressure argues against holding these vehicles as alternative assets. Prospective buyers should focus on condition and functionality rather than value retention.