Market Watch: Jensen Interceptors losing power

Price bulletin, 1 December 2021

Classic Cars magazine

by Phil Bell |
Published on

The first-generation Jensen Interceptors built between 1966 and 1969 have lost value since our last update. Initially bodied by Vignale in Italy, these early cars are distinguished by desirable features including the two-cowl dashboard – a la Lamborghini Miura/Alfa 105 – and subtle differences to the lights, bumpers and grille that were lost with the MkII revisions in 1969. Differences, that add up to 20% premium over the later evolutions.

Oddly, the latest slip of 4.2% has singled out these early, more coveted cars, pulling rough examples down to £9k, good, usable cars to £18.5k and mint ones typically £37.5k. Concours Interceptor MkIs are worth £20k more.

While these earlier cars have been enjoying a premium, it’s nothing like that commanded by the technically innovative FF with its Ferguson four-wheel drive transmission and Dunlop Maxaret anti-lock braking. For collectors wanting an ultimate, this car trumps a regular Interceptor by 100% if you consider the numbers. Prices for those range from £40-120k, depending on condition.

FF and convertible prices have held steady, but the MkII and MkIII versions of the regular car have been playing a little catchup recently, as has the most powerful SP with its 7.2-litre Chrysler V8 topped with three twin-choke carburettors – SP stands for six-pack.

Of the 19 cars that have lost value in this month’s roundup, the Interceptor MkI has fared better than most which are 6% down on average. Those fallers average £533k for examples in mint condition, underlining which end of the market is weakest. The average price for this month’s 54 biggest climbers is £51k, which have grown by 12%.

The list of climbers may be dominated by cars at the more affordable end of the market, but there’s a good smattering of £100k+ models in there too, including the Ferrari 250GTE, Lancia Stratos, Porsche 959 and more.

Time to scoop up an Interceptor MkI, ideally after someone else’s expensive restoration.There’s also the rise and rise of the Japanese performance car market. Its icons like the Nissan Skyline GTR and Subaru Impreza P1 have long since escaped the stigma of the associated performance tuning scene at its most youthfully exuberant. And we shouldn’t neglect the impact of the latest generation NSX, the publicity around which has helped raise the awareness and appreciation for the original. The current trend for NSX prices looks set to continue because fresh appreciation of a neglected classic has a habit of gathering momentum.

Price Guide Movers On The Up is part of 16 regular pages of market tips, analysis and buying advice in the latest issue ofClassic Cars.

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