LOTUS ELAN: BUYER'S GUIDE
Median Price: £21,088 • Highest Price: £101,250 • Lowest Price: £1,688 • Sell-Through Rate: 73%
Source: Manor Park
How much is a Elan worth?
In our experience, we've seen plenty of Elan's go under the hammer and based on analysing every sale you can expect to pay £21,088 for one in average condition - that places it amongst the most expensive 50% of collector cars across our database.
As Lotus's go, a Elan is on the lower end relative to other Lotus models. In fact this model is £8,739 below the median Lotus price of £29,827.
What is the maximum to pay for a Elan?
Across the 72 Elan's we've seen sell, the highest price ever recorded for this model is £101,250. It was sold by H&H Auctioneers in the UK on 24 Apr 2014.
What is the lowest to pay for a Elan?
Well, that depends on where you draw the threshold.
The lowest sale of all time for this vehicle is £1,688. H&H Auctioneers sold the car at auction in the UK on 24 Jul 2013.
When looking at more recent sales the lowest recorded price is, as you would expect, higher. Analysing every sale since 2020 shows that the lowest price between 2020 and today is £5,750, Manor Park sold this car in the UK on 26 Oct 2024.
What is the background of the make / model?
[enterMakeSummary]
[enterMake] produced this model between [minProdYear] and [maxProdYear].
How common is a Elan?
According to data from the DVLA, the UK licensing authority, in 2022 there were 2,559 licensed vehicles alive and kicking on UK roads. There were also 1,957 vehicles that are SORNd - in other words not currently registered for the road. Note: that data is for this model and all of its sub-models.
Building on that, we've also seen plenty of these go under the hammer at auctions around the world, 98 to be precise. It's among the 10% most common collector cars to sell at auction.
Of those 98 times the model has gone to auction 72 have sold. In other words, this model sells on 73% of times it goes to auction - that's below the average sell-through rate we traditionally see.
What is the [enter model]'s like to live with?
We know from reviews of this model by our 42,000+ strong community how this car performs across multiple variables. Those variables stack up to give a TCVScore which is a relative score of how good a car is across the 5 variables in comparison to all other cars.
For the [enter model], it scores a [enter score] out of 100 - that places it in the [enter position] of all cars in our database.
How the car scores across all variables is below:
Styling:
Cool Factor:
Practicality:
Handling:
Speed:
To understand more or add your own review, click the links below.
No matching models. Try another search
Why this article was created
Well, we've got one of the largest databases of sold classic car prices in the world so we thought we ought to help and put that data to good use. To be clear though, this article is not intended to be a full tour of every nook and sill of the Elan, rather it's meant to act as an introductory guide and overview of the market for this model.
It is here to provide you guidance on how much you should and shouldn't be paying for one based on the 98 we've seen previously.
If you're after more detail, we've got you covered. Click the button below to be taken to a the price guide for this model so you can see every single sale, price trend over time and lots more.
How this article was created
This article was created by looking back at sales of Elan since the beginning of our database in 1992. We've scanned over 30 auction houses and results from over £15 billion of sold cars around the world to understand the where the market is at for this car.
The Classic Valuer takes that data and analytics which enables it to generate these articles at scale, for further information regarding the Elan please visit the price guide linked below.
About The Author
Giles Gunning
Giles is CEO of The Classic Valuer - one of the world's largest databases of sold classic cars in the world going back over 30 years covering over 11,000 models. Giles and The Classic Valuer are regularly referenced in key classic car publications including Classic & Sports Car.
Giles grew up around the iconic historic motorsport venue at Goodwood and enjoys his 1972 Alfa Romeo 1600 GT Junior around the Sussex roads. His primary car goal is to purchase back a selection of his grandfather's car's including his 1931 Riley Brooklands.
