Caterham is to launch a replacement for the Classic Seven in September.
The new car, which will use a new engine and a different suspension setup to previous cars, will cost £15,000 and is aimed at attracting new buyers to the market. Caterham told us its target is to make the car affordable, and to do that a price tag below £21,000 was necessary.
A new focus on fuel efficiency will help to enhance appeal, but that doesn't mean the car will lose its sporting prowess. "This will be a car built for the driver who wants to drive," said Caterham Cars CEO Graham Macdonald "but also for one who doesn't need extreme power."
"Our lowest price car now is the Classic, and we struggle to source the Rover engines for it. We've built only a couple of those in the past year. Up until now that has been our low-cost car but it's going now."