It’s the Cinderella of British sports cars, the one polishing the taps, ironing the smalls and emptying the dishwasher while its sister, the Elise, enjoys the limelight.
It was unfortunate timing. While the Mazda ironically borrowed much from the original Elan, in particular its longitudinal front-engined, rear-drive layout, the new M100 had its engine across the front wheels and was front-wheel drive. Purists were naturally upset, but a test drive usually won them over.
The new car, which at least followed Lotus principles in having a lightweight composite body attached to a rigid steel backbone chassis, was funded by General Motors. The US giant also had a share in Isuzu, the Japanese car maker which supplied the Elan’s impressively reliable engines: a choice of 1.6 naturally aspirated and turbocharged units, both heavily modified by Lotus. The former produced 128bhp and the latter, badged SE and easily the more popular, a useful 163bhp.
For a time sales were strong, helped by rave reviews from no less a magazine than this. It was all in vain. The car’s less than spectacular looks, high production cost and that perverse layout slowly did for it, and GM pulled the plug in 1992.
These first-gen Elans are called Series 1s to distinguish them from the S2s that followed in 1995 after Bugatti bought Lotus and, on discovering a stash of surplus engines, gave the car a second chance. At the same time the handling was sharpened slightly but power knocked back to 156bhp due to the fitment of a catalytic converter. Even so, these rarer S2s now fetch a premium over the more plentiful S1, but ultimately condition is king.
All too soon there were no more engines and S2 production ended, only to be revived briefly when Kia bought the rights to the model and dashed off a few examples for the Korean market.
Forward to today and, thanks to Isuzu’s engines and GM’s cash, the model has weathered the passing years surprisingly well. ‘Buyer beware’ (see below) highlights a few things to watch for, but if you find a cherished example with a good history, it should serve you well. It certainly won’t feel as baggy as early Elises can.
And just look at those prices. They top out at around £12,000, about where the Elise starts. In fact, £7500 to £10,000 is enough to get behind the wheel of a keeper in need of little attention apart from fresh oil and a new filter on the dot.
Will prices rise? Specialist Vincent Haydon reckons that as long as Elise values increase, Elans are sure to, but he warns against restoring a barn find at great expense. The model’s just not there yet. Perhaps one day…