![]() Newer keyless technology can prevent this, while drivers are increasingly purchasing special cases for the fobs that prevent the signal from being transmitted. Thieves have used relay attacks, where hand-held radio devices extend the signal from a key inside the house to open the car. The Range Rover Velar was the model most targeted. While other luxury SUVs also are popular targets for criminals, six of the 10 most-stolen car models in the UK in the year to March 2023 were Range Rovers, according to the Driver and Vehicle Licensing Agency. The parts on their own are valuable, too. Newer Range Rover models have become a magnet for criminals, particularly in London, due to their value and their keyless technology. “While there are inevitably quirks in any particular market, higher insurance costs may well be a factor.” JLR argued that Range Rover resale values had fallen less than other luxury SUV models on alternative sites. “Although not all models have seen declines, the price performance of used Range Rovers overall has been softer than the much healthier picture of the wider used market,” said Erin Baker, editorial director at Auto Trader. Some drivers, like Coen, are being quoted astronomical sums. In north London, the average quote this year for a male aged between 36 and 50 driving a newer Range Rover model was £5,186. In the same period, overall car insurance rose 57%. The average cost to insure a Range Rover more than doubled to £3,270 in the year to October, according to comparison site. Last year, it stopped providing insurance cover for customers and subsequently ended a partnership with insurance provider Verex. ![]() Jaguar Land Rover is now considering a bespoke insurance product for UK customers struggling to get an affordable quote on the wider market, the manufacturer said in a statement to Bloomberg News. The declines follow a surge in second-hand car prices during the pandemic, when new-vehicle production slowed due to semiconductor shortages and other supply chain crises. Range Rover prices fell 2.8% in November alone, Auto Trader said, the steepest drop since insurance costs spiked. The average price of a used Range Rover has fallen 9.3% since May to £35,224, versus declines of 5.7% for all luxury SUVs and 2.8% for all cars, data from car site Auto Trader shows. He isn’t the only one to have seen the value of his vehicle go into reverse. “I was trying to be a bit more eco-friendly, but now I’m probably not because I’ve got two cars rather than one,” said Coen, whose previous Range Rover was stolen in London in 2020. Now, it would only fetch about £45,000, according to the same site.Ĭoen, 34, can’t even sell it - he would need to fork out an extra £25,000 to pay off the finance because of the drop in valuation. ![]() He checked its value online three months ago and it was supposedly worth £75,000. The Leeds-based entrepreneur, who runs investment firm North Property Group, paid £103,000 for his Sport SVR two years ago. The eye-watering cost has sent the SUV’s resale value tumbling. He searched online and the cheapest quote he could find was £48,000 ($60,100). While the Porsche was being built, his coverage provider said it wouldn’t re-insure the Range Rover. A string of Range Rover thefts in the UK has caused insurance premiums to skyrocket. He wanted to trade in the gas-guzzling sport utility vehicle for an electric Porsche. Tim Coen, a property investor, loved his Range Rover Sport but decided it was time to go green. Rounding off the updates is a new special edition model.Range Rovers become thief magnets, causing values to plummet Thieves are becoming as sophisticated as the cars they steal Other technology updates include a cabin air filtration system and new driver assists including a rear traffic monitor with automatic emergency braking, rear collision monitor, and a 3D surround camera. In addition, Land Rover's wearable Activity Key has been updated with an LCD screen, allowing owners to unlock any door, lock or start the engine when near the vehicle. A Pivi Pro system is also available with built-in navigation. For the first time, the Spotify music streaming app is integrated within the infotainment menu and two phones can be connected via Bluetooth. US engine options haven't been confirmed yet, however.Īs standard, the 2021 Land Rover Discovery Sport comes equipped with Land Rover's new advanced Pivi infotainment system with support for wireless over-the-air software updates and a redesigned menu system. ![]() Paired with an automatic eight-speed transmission, this setup enables the 197-hp Discovery Sport to accelerate from 0-62 mph in 8.6 seconds.
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