MARKET ANALYSIS
Series 2 P38 (1995 to 2002)

The Range Rover P38A (Series 2), manufactured globally from 1995 to 2002, represented a massive technological leap for the brand, introducing the "Pegasus" design language and an advanced electronic air suspension (EAS) system that established it as a premier executive SUV. In the 2026 Australian market, the P38A is undergoing a significant transition from a "problematic used car" into a respected "modern classic," with desirability surging for the final 1999–2001 HSE and Vogue variants featuring the more reliable Bosch "Thor" engine management system. The buyer pool in Australia consists of dedicated Land Rover purists, nostalgic 90s collectors, and DIY-capable enthusiasts who value the P38's superior ride quality and authentic Rover V8 soul. Locally, market value is exceptionally sensitive to mechanical history, with pristine Autobiography or Holland & Holland editions commanding high interest, as 2026 buyers prioritise cars that have had their air suspension professionally overhauled or converted to coils and their cooling systems "bulletproofed" to survive the Australian heat.
The Range Rover P38A (Series 2), manufactured globally from 1995 to 2002, represented a massive technological leap for the brand, introducing the "Pegasus" design language and an advanced electronic air suspension (EAS) system that established it as a premier executive SUV. In the 2026 Australian market, the P38A is undergoing a significant transition from a "problematic used car" into a respected "modern classic," with desirability surging for the final 1999–2001 HSE and Vogue variants featurin…
Model years for Land Rover Range Rover (1995 to 2002)

2001 RANGE ROVER P38 LSE
171,700 km • Automatic • RHD
🇦🇺Cherrybrook, New South Wales
$12,000
Auction
Jul 02, 2021
1997 RANGE ROVER (P38) 4.6 AUTOBIOGRAPHY
192,097 km • Automatic • RHD
🇦🇺Mont Albert, Victoria
$16,250
Auction
Nov 30, 2021
2000 Range Rover (P38) 4.0 HSE
203,422 km • Automatic • RHD
🇦🇺Artarmon, NSW
$5,200
Auction
May 09, 2024