Car Collector International
Classic · 1959–1969

Jaguar Mk2 (incl. 240/340)

Lyons' 'grace, pace and space' sports saloon — in 3.8 form, the fastest production saloon in the world in its day.

Car Collector International Editorial
Maroon Jaguar Mk2 saloon photographed in a studio, front three-quarter view showing the chrome vertical-bar grille, twin round headlamps with driving lamps, curved bonnet, wire wheels, chrome bumpers and Lyons-era sports-saloon proportions.
Overview

Why this car matters

Launched in October 1959, the Jaguar Mk2 is Sir William Lyons' 'grace, pace and space' sports saloon — the four-wheel-disc-braked development of the 1955–59 2.4/3.4 saloon, and in 3.8 form the fastest production saloon in the world in its day.

The Daimler 2.5-V8 and V8-250 were the badge-engineered siblings within the same body.

One of the defining British sports saloons and a Lyons-era Jaguar signature. Provenance, engine identity and documented originality are the defining factors.

Variants

Range and production

VariantYearsProductionNotes
Mk2 2.41959–196725,173120 bhp; Per Conceptcarz.
Mk2 3.41959–196728,666210 bhp; Per Conceptcarz.
Mk2 3.81959–196730,141220 bhp; E-Type-derived block; Per Conceptcarz.
240 & 340 run-outs1967–1969Not separately recordedSlimmer bumpers; 240 gained the straight-port head and passed 100 mph. 4,446 (240) and 2,788 (340) built plus 12 non-standard '340 3.8s'. Mk2 total 83,976 (1959–67); 240/340 total 7,246 — one source cites 7,234. Per Conceptcarz.
Buyer's Guide

What to look for

Body, chassis and structural condition

Inspect body, chassis and structural condition carefully. Confirm the extent of any body restoration and originality of panels and trim against a Jaguar marque specialist. For the Mk2 specifically, verify the exact variant (2.4 / 3.4 / 3.8 / 240 / 340) and confirm engine identity against build records.

Engine, gearbox and driveline identity

Confirm engine, gearbox and driveline identity against build records where available; verify service and rebuild history against a marque specialist.

Provenance and ownership history

Restoration standard, originality of body and driveline, and any documented ownership record are the main value drivers.

Variant identification

Verify the exact variant against build records and period documentation.

Ownership

Living with it

Typical mileage
1,000–3,000 miles typical
Service interval
Annual by time, plus specialist inspection
Annual running cost
Specialist-dependent; contact a Jaguar marque specialist for a per-car budget
Fuel economy
Not published
Insurance
Agreed-value classic policy with limited mileage and secure storage. Originality, matching numbers and documented history are material to underwriting.

Body, chassis and originality

Confirm body condition, structural integrity and originality of panels and trim against a Jaguar marque specialist. Restoration standard and documented ownership record are material.

Engine and drivetrain identity

Confirm engine, gearbox and driveline identity against build records where available; verify service and rebuild history against a marque specialist.
Auctions

Recent results

DateAuctionCarMileageResult
2026-05-04
Aguttes
Tour Auto 2026
1961 Mk II 3.8 Tour de France Factory Edition (Lot 31)
€298,000
Sold
2026-04-19
Bonhams
Goodwood Members' Meeting
1968 340 (Lot 139)
£19,550
Sold
2025-08-15
Gooding Christie's
Pebble Beach Auctions
1966 Mk II 3.8 (Lot 159)
$53,760
Sold
2025-07-11
Bonhams
Goodwood Festival of Speed
1965 Mk II 3.8 'Coombs' Sports Saloon (Lot 136)
£50,600
Sold
2025-05-21
H&H Classics
Classic Motorcars
1961 Mk II 3.8 (Lot 66)
£76,500
Sold
2023-02-24
Iconic Auctioneers
Race Retro Classic & Competition Car Sale
1962 Mk II 3.8 (Lot 478)
£67,500
Sold
Investment

Long-term outlook

StableHorizon: 10+ years

Defining Lyons-era Jaguar sports saloon. Provenance, engine identity and documented originality separate the strongest examples.

Our view, not advice. This section is Car Collector International's editorial judgement on where this model sits in the collector market, based on the production, specification and market data set out in this guide. It is not a recommendation to buy or sell and it is not investment advice. Values can fall as well as rise.

Recommended

The trusted network

Specialists

  • Jaguar Classic Works
    View →
    Coventry, UK
    Factory-heritage service, restoration and parts for classic Jaguars.
  • Marque specialist (Jaguar)
    View →
    UK / International
    Body, trim, mechanical and electrical restoration competence across the classic Jaguar range.
  • Concours preparation studio
    View →
    International
    Concours-level detail and event preparation.

Storage

  • Windrush Car Storage
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    London & Cotswolds, UK
    Climate-controlled storage for high-value collector cars.
  • AutoVault
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    Essex, UK
    Dehumidified storage at 55% RH in purpose-built sealed buildings, with maintenance programmes and individual motor-trade insurance cover.
  • Hagerty Garage + Social
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    Miami, Van Nuys & Toronto
    Climate-controlled storage in key US collector markets.

Transport

  • CARS UK
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    UK & Europe
    Enclosed event and concours transport across Europe.
  • Reliable Carriers
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    USA (national)
    Enclosed coast-to-coast transport for collector cars.
  • Intercity Lines
    View →
    USA
    Enclosed transport with dedicated supercar handling.

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The valuation figures in this guide are for research purposes only and do not constitute financial or investment advice. See our full disclaimer.