The automotive marketplace can often be an unforgiving world when it comes to financial investments. Predicting the value of a given vehicle over a certain period of time is often difficult, particularly when it comes to bespoke or enhanced vehicles.
Vehicles with aftermarket modifications have traditionally posed a problem for consumers, with a lack of clarity about the effect that aesthetic or performance enhancements have on the residual value.
To increase customer confidence in the added value associated with their vehicle enhancements, The Kahn Group has been working with independent trade specialists CAP for a number of years, commissioning a quarterly report to assess the residual value of its Project Kahn and Chelsea Truck Company vehicles.
According to the latest quarterly figures released by CAP, The Chelsea Truck Company Black Hawk Edition, which was first unveiled to the world at the 2016 Geneva Show, retains a mammoth 35% more value than a standard Sahara model on which it is based.
CAP independently assessed the added value of a number of Chelsea Truck Company and Project Kahn vehicles, inspecting every single facet from external body styling, exhaust systems, wheels and an array of bespoke interior features.
“The results reflect the dedication of the Chelsea Truck Company to improve not just the overall styling of the Jeep Wrangler, but to add value and quality,” said Afzal Kahn, Founder and Chief Designer of the Kahn Group.
“The Chelsea Truck Company Jeep Wrangler Black Hawk Edition stole the show at the Geneva Show, and these latest figures only serve to prove, not only is it a great looking car, it is an incredibly shrewd investment.
“The value of high quality customised vehicles with the Chelsea Truck Company and Project Kahn badge is only increasing.”
CAP Black Book is used as the industry benchmark for used car disposal values and provides comprehensive used car valuation data for the majority of cars on the market.
The following table shows the official figures for Kahn Group vehicles as compared to the CAP Black Book values.
The Chelsea Truck Company CJ300 Jeep Wrangler, Black Hawk Edition, Land Rover Defender 90 and 110 models along with the Project Kahn Evoque Black Label, LE, Range Rover Sport LE, Range Rover LE, Range Rover RS and RS650 Editions show a significant uplift in value when compared to the standard models.
Jeep Wrangler CJ CAP Black Book Value +12%
Jeep Wrangler Black Hawk CAP Black Book Value +35%
Land Rover Defender 90 CAP Black Book Value +17%
Land Rover Defender 110 CAP Black Book Value +20%
Range Rover Evoque Black Label CAP Black Book Value +10%
Range Rover Evoque LE CAP Black Book Value +22%
Range Rover Sport LE CAP Black Book Value +16.5%
Range Rover LE CAP Black Book Value +14%
Range Rover RS CAP Black Book Value +14%
Range Rover RS650 CAP Black Book Value +18%
To maintain as accurate a picture as possible, CAP update their analysis each quarter. Updated figures will be released for each vehicle shortly after the end of Quarter 2 in 2016.