is the major factor determining V8 prices, particularly of the bodywork,
because major bodywork refurbishment, or a more serious rebuild, is usually very
costly. So if a buyer is able to find an V8 with good bodywork, generally they
are to some extent flexible over body colour.
The V8 body colours
chosen by the British Leyland group in the early to mid-1970s are, by today's
tastes, seen as brash and they attract some strong feelings for and against. The
popular colours with enthusiasts with relatively conservative tastes are seen
as Damask, Teal Blue and Glacier White. Another group of bright colours - typically
Bronze Yellow, Bracken, Flamenco Red, Tahiti Blue, Aconite and Black Tulip - are
seen as giving a V8 a period appearance. A further group of less bold colours
- typically Harvest Gold and Tundra - is seen as near neutral, but there is a
group of colours which many regard as the least popular choice - for example Citron
Yellow (commonly known as "puke green"), Chartreuse and Mirage (which
some feel looks like gloss undercoat). But these comments do not attract universal
agreement! Many members are very fond indeed of Citron, Tundra, Chartreuse and
Chrome bumpered cars attract a slightly higher price as they
tend to be the preferred choice of most buyers. Chrome bumper conversions
of cars originally produced as rubber bumper models are often seen
and also with "Sebring" type conversions. A close inspection
of the quality of the workmanship of the bodywork changes is essential
with those conversions.
Condition - a growing preference for Condition 1 V8s
has resulted in a significant price differential with Condition 2
cars. Consequently sellers of Condition 2 cars will be tempted
to describe their car in terms which might suggest Condition 1 (they
may genuinely believe their car is in the Condition 1 category), so
buyers will need to inspect a car very thoroughly and if required
get a specialist inspection because serious corrosion in areas like
the cills may not be obvious to an untrained eye. The costs of replacing
cills and the consequential restoration work could easily lift the
resulting overall cost of poor Condition 2 car above the value of
a Condition 1 specimen. This is the driver for the price differential.
In addition the cost of major restoration or a rebuild work is very
rarely seen in the resulting value of the car. With Condition 3
cars the high cost of major restorations or rebuilds and the economic
attraction of breaking V8s for spares, mean many Condition 3 cars
are at increasing risk.
Prices depend very much on condition, body colour, specification
Condition is a clear factor in RV8 prices but the fundamental
advantage the RV8 has is the bodyshell and panels were manufactured with a corrosion
resisting phosphoretic coating, so the incidence of rust both cosmetic and structural
is reduced in a major way.
Colour - there is a premium for colours (Other Colours) other
than Woodcote Green, particularly for Nightfire Red and Oxford Blue
but it has been reducing over the last few years. This is because
some 64% of RV8 production was produced in Woodcote Green, very nearly
all of which went to Japan with 11 RV8s in Woodcote Green the UK or
the European export market. So only 402 RV8s were produced in an
"Other Colour", some 21% of the production run.
- the other major factor is whether the car is a UK or Japan specification car.
UK spec cars attract a premium, which is slightly puzzling as the Japan spec cars
include air conditioning fitted as standard. But a possible explanation is that
only 307 cars were supplied to the UK market with the balance, almost 80% of RV8
production, exported to Japan. Over recent years the flow of RV8s leaving Japan
as reimports to the UK and as exports to Australia has had a major effect on prices
in the UK and Australia. For details of the numbers of cars in the various colours
and specifications (UK/Japan), see our production statistics note. More
- curiously cars exported from Japan tend to have relatively low mileages. Those
reimported to the UK and Mainland Europe markets have tended to condition buyers
to expect RV8s offered for sale will have low mileages. The checks we understand
have been seem to show these low mileages appear reasonable and we have seen no
proof of any general mischief in engineering false mileage readings.
cars have achieved high prices. An RV8 in Le Mans Green with a low mileage
sold at around £30,000 through the V8 website, well over our Condition 1
price guide figure. Other exceptional RV8s have been offered in recent months
at prices well over £25,000. See our PriceWatch reports.