How Much is a Lotus Elan Worth at Auction?

The Lotus Elan represents a highly variable segment of the classic car market, with moderate market activity reflected in 17 auction sales over the past 12 months. The median sale price currently sits at $39,000, with values ranging from $21,000 for entry-level examples to $55,000 for collector-grade vehicles. This 87% price spread indicates significant variation in condition, mileage, and provenance among sold examples.

As a Lotus Elan, this vehicle occupies a accessible classic segment. Since its introduction in 1963, it has become a staple for Lotus enthusiasts.

The availability of 1600cc Twin-Cam Inline-Four and Overbored 1.6-Liter Twin-Cam Inline-Four engines and Manual (4-speed) and Manual (5-speed) transmissions significantly impacts the resale value. Enthusiasts often prioritize specific mechanical configurations, with manual transmissions and high-performance engines typically commanding a premium in the current auction climate.