The supercar Ford GT is not just a great drive, but also a promising investment
All the excitement surrounding the all-new Ford GT supercar following its unveiling in Detroit a few months back has inevitably also drawn attention to its predecessor from 2004-06. Prices are already on the rise, but these cars surely still have a way to go in terms of value, giving them real potential to be ‘the next big thing’.
Built in a short production run of 4038 cars, the first 21st century Ford GT was a modern-day, road-going homage to the legendary 40-inch-tall GT40 endurance racer of 1964 to 1969, Gulf-liveried versions of which became especially synonymous with the 24 Hours of Le Mans.
With hindsight, the Ford GT might have been something of a bargain. Priced at around $150,000 in the US, or £125,000 in the UK, it featured a 550bhp, 5.4-litre supercharged V8 mated to a six-speed Ricardo gearbox. Top speed was 205mph, with 0-60mph dusted off in just 3.7sec.
Initially the cars commanded a premium of around a third more than the list price – especially in the UK where only 28 were officially allocated – but, as is usually the way, when the next must-have came along (and the Lehman Brothers crash of 2008 gave everyone the jitters), values temporarily dipped well below £100,000.
That seems absurdly little money for such a car nowadays, especially when it has ‘future classic’ written all over it. Indeed, GTs are now appearing in classic auctions, where the best, low-mileage examples are easily outstripping pre-sale estimates. In the last 12 months alone, two mollycoddled, delivery-mileage examples have fetched well over $400,000 (c£265,000) apiece in separate RM Auctions sales.
The good news is, however, that moderately used UK cars – if you can find one – are currently hovering around the £130,000-150,000 mark. We doubt they’ll stay there for long.
Other cars to consider…
The original GT40 has assumed blue-chip classic status. A handful to drive, claustrophobic to be inside and far from ideal for daily use, a good road-going example without race history will cost you north of £1.5m.
Although no longer made, the KVA GT40 replica was a good quality, glassfibre kit. An expertly built example can be had for around £30,000.
Top-quality continuation car from the only company licensed by trademark holder Safir GT40 Spares to use ‘GT40’ on its cars. Prices from £117,600 new.
Words: Simon de Burton/evo Magazine