Formula Ford was a specification racing series created around the idea that the best drivers would win if all 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 their 1600-cc Cortina GT engine, as well as their backing and name. Lotus Components built a car based on the Lotus 31 Formula 3 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 3 car of the day cost over £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 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 the greatest single factor in determining the value of a Formula Ford is the quality and cost of its preparation.
| Make | Model | Level III | Level II | Level I |
| Alexis | 15 | $10,000 | $14,000 | $18,000 |
| 18, 22 | $10,000 | $14,000 | $18,000 | |
| Bobsy | $8,000 | $12,000 | $18,000 | |
| Caldwell | D9, D9B | $10,000 | $14,000 | $18,000 |
| Crossle | 16F | $8,000 | $14,000 | $18,000 |
| 20F | $8,000 | $15,000 | $20,000 | |
| Dulon | LD4, 4B, 4C | $7,000 | $10,000 | $16,000 |
| LD9 | $8,000 | $12,000 | $18,000 | |
| Elden | PH8 | $10,000 | $14,000 | $18,000 |
| PH10 | $10,000 | $16,000 | $20,000 | |
| Ginetta | G-18 | $8,000 | $12,000 | $18,000 |
| Hawke | DL2, 2A, 2B | $10,000 | $14,000 | $20,000 |
| DL9, 9A | $12,000 | $16,000 | $22,000 | |
| LeGrand | Mk 10 | $8,000 | $12,000 | $17,000 |
| Lola | T200 | $10,000 | $16,000 | $20,000 |
| T202 | $10,000 | $18,000 | $22,000 | |
| T204 | $12,000 | $18,000 | $24,000 | |
| Lotus | 51 A,B,C | $16,000 | $22,000 | $26,000 |
| 61M, MX | $12,000 | $16,000 | $22,000 | |
| 69 | $26,000 | $32,000 | $38,000 | |
| Macon | MR 7B | $8,000 | $12,000 | $17,000 |
| MR8, 8B | $8,000 | $12,000 | $17,000 | |
| March | 709, 719, 729 | $14,000 | $18,000 | $22,000 |
| Merlyn | MK11, 11A | $18,000 | $22,000 | $26,000 |
| MK17, 17A | $14,000 | $17,000 | $22,000 | |
| MK20, 20A | $14,000 | $18,000 | $24,000 | |
| Royale | RP2 | $8,000 | $14,000 | $18,000 |
| RP3, 3A | $10,000 | $16,000 | $21,000 | |
| Tecno | FF | $10,000 | $15,000 | $20,000 |
| Titan | MK 6,6A,6B,6C | $16,000 | $22,000 | $26,000 |
| Winkelman | WDF1,2,3,4 | $10,000 | $15,000 | $20,000 |
1969 Crossle 16F
The Crossle Race Car Company was started in Ireland in 1957 by John and Rosemary Crossle. Crossle was well-respected for its good design, production quality, and attention to detail for a fair value. Crossle produced Formula Juniors, Formula 2, Formula 5000, and Sports Racing Cars. The 16F was the company’s first venture into Formula Ford in 1969. About 40 examples were built in 1969 and 1970. They were very successful, with Gerry Birrel winning the 1969 European Formula Ford Championship in a 16F. The 16F was followed by the 20F, of which 26 were built in 1971 and 1972. Eddie Jordan started in a 20F. These cars were known for their sturdiness and reliability and, as a result, were used by many driving schools. Over the years, famous drivers such as Nigel Mansel, Johnny Dumfries, and John Watson drove Crossle racing cars.
1970 Elden PH8
The Elden Racing Car Company was formed by two brothers, Brian and Peter Hampshier, in England in the mid-1960s. The name was suggested by a friend and it stuck. The Elden, like all Formula Fords, used the 1600-cc 4-cylinder Ford Cortina engine and the Hewland 4-speed gearbox, but it had a shorter wheelbase than most cars and had distinctive angular bodywork. Some cars raced with Falconer bodywork. Many a rising star drove an Elden to success. Danny Sullivan finished 5th in the first Formula Ford Festival at Brands Hatch in 1972, and Tony Brise won numerous races. About 48 Mark 8s were built between 1970 and 1972, followed by the Mark 10 of which 121 were built between 1972 and 1974.
Criteria Used For Assessing Valuations for this Guide:
- Degree of Originality
- Overall Condition, Restoration
- Technology, Design, Coachbuilder
- Production Numbers/Rarity
- Competition History
- Ownership History, Documentation
- Modern Event Eligibility
Regional Variances
The prices stated in this guide are based on U.S. values. The values of historic racing cars can vary as much as 25%-35% in other countries, depending on local market appeal, currency rates, import duties, and VAT. Most of the time, we are able to document known sales or closed escrows, as they say in real estate. When this is not possible, a logical estimate of the car’s value is given, based on its sales history and relationship to cars of its type.
The prices stated in this guide are based on U.S. values. The values of historic racing cars can vary as much as 25%-35% in other countries, depending on local market appeal, currency rates, import duties, and VAT.
LEVEL | VALUATION CATEGORIES |
|---|---|
I | The best combination of all criteria. |
II | Satisfies mid-range of criteria. |
III | In need of restoration. Meets only a few points of criteria |
