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Formula Ford Market & Values
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Market Guide

Formula Ford Market & Values

 Mark Leonard

Formula Ford was a specification racing series created on the idea that the best drivers would win if they were racing identical cars. The idea for this low-budget Formula was created by an Englishman named Geoffrey Clarke, who had a drivers school called Motor Racing Stables based at the Brands Hatch Circuit. Clarke received support from Ford’s competition manager, Henry Taylor, and Ford’s director of public affairs, Walter Hayes. Ford supplied its 1600-cc Cortina GT engine, as well as financial backing and family name. Lotus Components built a car based on the Lotus 31 Formula Three car, calling it the Lotus 51 Formula Ford. Ironically, this early car had a Renault gearbox. They sold for the affordable price of just under £1,000, making racing in this series very affordable, since a Formula Three car of the day cost more than £3,000. The Royal Automobile Club, Britain’s governing body, established a set of racing regulations. The first official race was held at Brands Hatch on July 2, 1967. From 1967 to the present, the Formula Ford series has produced some very exciting racing in many different makes of racing cars, as well as some great drivers and future champions, including Andretti, Fittipaldi, Schenken, Scheckter and Senna. Today, Historic Formula Ford is an entry-level racing category, and for the purposes of this guide, covers cars from 1967 to 1972. Keep in mind that the greatest single factor in determining the value of a Formula Ford is the quality and cost of its preparation.

Make Model Acceptance Level III Level II Level I Change Notes
Alexis 14 3 $8,000 $12,000 $17,000    
  15 3 $8,000 $12,000 $17,000    
  18, 18B 3 $9,000 $14,000 $18,000   3
  22 3 $9,000 $14,000 $19,000   3
Beach Mk II 3 $7,500 $15,000 $21,000   3
Bobsy   3 $5,000 $10,000 $15,000    
Caldwell D9, D9B 3 $8,000 $16,000 $23,000    
Crossle 16F 3 $9,000 $13,000 $17,000   3
  20F 3 $10,000 $13,000 $20,000   3
Dulon LD4, 4B, 4C 3 $5,000 $10,000 $15,000    
  LD9 3 $6,000 $11,000 $17,000    
Elden PH6 3 $5,000 $11,000 $17,000    
  PH8 3 $5,000 $12,000 $18,000    
  PH10 3 $6,000 $13,000 $20,000    
Elfin 600 3 $5,000 $10,000 $15,000   3
Forsgrini Mk 12 3 $5,000 $10,000 $15,000   3
Ginetta G-18 3 $7,000 $12,000 $17,500   3
Hawke DL2, 2A, 2B 3 $7,500 $11,000 $19,000    
  DL9, 9A 3 $10,000 $12,000 $21,500    
LeGrand Mk 10 3 $5,000 $10,000 $15,000    
Lola T200 3 $6,000 $11,000 $18,000    
  T202 3 $6,500 $12,000 $20,000    
  T204 3 $7,000 $13,000 $21,000    
Lotus 51 A,B,C 3 $12,000 $18,000 $29,500    
  61M, MX 3 $9,000 $15,000 $20,000    
  69 3 $19,000 $26,500 $37,000 ­ 3
Macon MR 7B 3 $4,000 $9,000 $14,000   3
  MR8, 8B 3 $5,000 $10,000 $15,000   3
March 709, 719, 729 3 $10,000 $14,000 $21,000    
McNamara FFA 3 $4,000 $9,000 $15,000   3
Merlyn Mk11, 11A 3 $12,000 $17,000 $25,000    
Merlyn Mk17, 17A 3 $10,000 $15,000 $20,000    
  Mk20, 20A 3 $12,000 $17,000 $22,000    
Mirage Mk5 3 $5,000 $9,000 $15,000   3
Mistrale   3 $5,000 $9,000 $15,000   3
Nike Mk 4, 6, 10 3 $5,000 $9,000 $15,000   3
Royale RP2 3 $5,000 $10,000 $17,000    
  RP3, 3A 3 $7,500 $11,000 $19,000    
Tecno FF 3 $10,000 $15,000 $20,000   3
Titan Mk 4, 5 3 $10,000 $15,000 $20,000   3
  Mk 6,6A,6B,6C 3 $10,000 $15,000 $24,000    
Winkelman WDF1,2,3,4 3 $10,000 $15,000 $20,000    

 1972 Hawke DL9

The British Hawke racing car company was founded in 1968 by David Lazenby, Jim Clark’s mechanic at Indianapolis, and a former principal of Lotus Components during the beginning of the Formula Ford era. Lazenby believed that he could build a better car, and designed the DL1-2 with which Tom Walkinshaw won the 1969 Scottish Formula Ford Championship. In 1972, a DL2B won the SCCA National Championship in the hands of Eddie Miller. Hawke went on to produce the DL9 with which Syd Fox won the 1972 British Sunbeam Electric Formula Ford Championship. Rupert Keegan drove for Hawke and hired a young Adrian Reynard to help design the DL15 with which Stuart Lawson won the 1976 Scottish Formula Ford Championship. However, Hawke over-expanded into other formula and subsequently closed its doors in 1979.

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Mark Leonard
Steve Natale has been playing with cars ever since he was old enough to first hold a matchbox car in his hand. A lifelong enthusiast of anything old with an engine in it or wheels on it, Steve has been active in the hobby for over 35 years. Currently he owns a successful marketing company with his wife Mary, is an automotive photographer, blogger and writer for several automotive magazines and regular contributor to various automotive websites. Steve has attended vintage car events and visited car museums and collections around the world.
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