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United Kingdom market

Land Rover Range Rover (P38)

1994–2002

Land Rover Range Rover

Based on 7 verified auction results

No signal yet

Market value · recent verified sales

Price History

Apr 2024Today

MSRP

Collectibility

5/10

Collectible

3-Year Forecast

£0

+0%

5-Year Forecast

£0

+0%

Market scores

20

Desirability

Illiquid

10

Liquidity

Moderate

50

Resale Outlook

Spec Premium Engine

How spec moves the price
  • Built ≤ 1997

    £84,010,010,027 median (n=4) vs £16,500 (n=3)

    +509151476%

Computed from this model's verified auction sales. Premiums are the % difference between the median price of matching-spec lots vs the rest. Requires at least 3 sales on each side to be shown.

Marque analyst note

The P38 Range Rover remains a marginal presence in the collectible market, with only seven tracked sales across our database and no active listings currently monitored. This thin transaction volume makes reliable price discovery difficult and suggests buyers and sellers face genuine friction in matching offers.

Average mileage on transacted examples sits at 28,120 miles, indicating that surviving P38s in commerce tend to be relatively low-mileage examples, whether original or recommissioned. This skews toward the preserved end of the spectrum rather than drivers.

The P38 occupies a curious middle ground as a stable modern classic with a collectibility score of five—technically classified as collectible but with limited market momentum behind it. Desirability remains low, and liquidity constraints mean that selling one requires patience and realistic pricing relative to the tight buyer pool.

Without sufficient recent transaction data, we cannot calculate meaningful year-on-year trends or project reliable price movement over the next three to five years. The market simply has not generated enough volume to establish the directional signals needed for confident outlook statements.

Prospective buyers or sellers should approach P38 valuations cautiously, relying on specialist dealers and auction house estimates rather than recent comparable sales. The combination of low desirability, illiquid conditions, and sparse trading activity means this model remains a niche interest rather than a mainstream collectible segment.

UK Park (DVLA)

  • Still licensed4,256
  • SORN'd (off-road)11,885
  • Total in DVLA records16,141
  • All Land Rover Range Rovers121,125
DVLA quarterly data, last updated 2025 Q4. Licensed = currently taxed and on the road. SORN = registered as off-road (storage, restoration).

Est. Annual Ownership Costs

  • Insurance (agreed value)£450
  • Maintenance£900
  • Storage£2,400
  • Depreciation£1,800
  • Total annual cost£5,550

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Not enough verified sales for this model yet to score a listing.

Market Liquidity

  • Active Listings0
  • Sales Last 12 Months3
  • Sell-Through43%

Market Snapshot

  • Active Listings0
  • Avg Sale Price£17,552
  • Avg Mileage at Sale28,120 mi
  • Recent Price Range£4,590 – £34,417
  • Total Sales Tracked7

Recent sales

Showing latest 7
  • £16,802

    the-market · 3 Sept 2025

  • £4,590

    the-market · 28 Jul 2025

  • £20,054

    the-market · 24 Jul 2025

  • £16,500

    Collecting Cars · 23 Apr 2025

  • £9,000

    Collecting Cars · 11 Mar 2025

  • £34,417

    the-market · 3 Mar 2025

  • £21,500

    Collecting Cars · 19 Apr 2024

Indicative only — not investment advice. Past performance is not a reliable indicator of future value.