Land Rover Range Rover (P38)

The P38 Range Rover median sits at $11,000 in the US market, down 25 percent over the past year—a sharp correction that reflects weakening demand for these aging platform vehicles. With only three sales tracked in the last 12 months against five total in our database, the sample is too thin to call the trajectory with high confidence, though the directional signal is clearly negative.

Desirability remains low despite the P38's collectible classification, a function of its aging complexity and rising ownership costs relative to its utilitarian appeal. These vehicles typically carry around 92,000 miles when they trade, suggesting owners are still using them rather than preserving them as investments.

Liquidity is constrained—there are currently no active listings in our monitoring network, and the three sales recorded in the past year underscore how few transaction opportunities exist. For sellers, this sparse market means pricing discipline will be important; buyers should expect negotiation leverage given the lack of competing inventory.

The base projection holds $11,000 flat through both the three- and five-year horizon, reflecting a stabilization assumption rather than any recovery signal. Without renewed collector interest or a sharp pullback in supply, the P38 is likely to remain a utilitarian purchase rather than an asset-appreciation candidate.