Jaguar is gearing up to roll out a new generation of vehicles on the heels of its drop-dead-gorgeous F-Type. While the company overall hopes to increases its market share and competitiveness moving forward, Auto Express reports that the Jaguar XK won’t be along for the ride. Jaguar will reportedly cancel the XK coupe and convertible after eight years, with production to shut down this summer.
Jaguar spokesman Wayne Kung confirmed that 2015 will be the last model year for the Jaguar XK, although he hinted that the segment won’t be abandoned for long. “There isn’t an immediate successor to the XK,” said Kung. European bureau chief Georg Kacher already speculated that a larger, upmarket replacement (possibly named the XR Gran Turismo) would likely arrive by 2017. The XR Gran Turismo would be built on a stretched Jaguar F-Type platform and could include an available V-6 powertrain.
Considering the out-of-the-gate success of the F-Type, it makes sense that Jaguar is looking to create some breathing room between it and the XK’s replacement. As Kacher noted “[the two] are uncomfortably close in terms of pricing and performance.” The sales figures show how things have played out over this last year, with the F-Type selling 2250 units in only eight months of 2013. By comparison, Jaguar sold 1346 units of the XK in the U.S. in all of 2013.
The current Jaguar XK coupe starts at $84,500, while the convertible costs $90,500, including destination. While those numbers will in all likelihood crest beyond the $100,000 mark when the car’s successor arrives, the XR Gran Turismo will still likely be more affordable than other luxury GT cars like the Aston Martin DB9 and Bentley Continental GT.
Before the XR Gran Turismo arrives, there is plenty to come from Jaguar. This year’s debut of the F-Type coupe will be followed by the highly-anticipated Jaguar XE compact sport sedan, which will face off against the BMW 3-Series. The XE, due in Europe in 2015 and the U.S. in 2016, will be the first to get Jaguar’s new Ingenium engines, which include a 2.0-liter turbo-four and diesel inline-four. An SUV based on the C-X17 crossover concept will share an aluminum chassis with the XE, and is expected in the U.S. sometime after a replacement for the mid-size XF launches in 2016.