1958 Lotus Eleven

2dr Roadster

4-cyl. 1172cc/36hp 1bbl

#1 Concours condition#1 Concours
#2 Excellent condition#2 Excellent
#3 Good condition#3 Good

$146,000 CAD*

+4.3%
#4 Fair condition#4 Fair
Value Graph07/2410/2401/25$50k$100kApr 2025
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1956-1958 Lotus Eleven stats
Highest sale
$237,363 CAD
Lowest sale
$47,467 CAD
Most recent sale
$149,072 CAD
Sales
25

Photos

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Lotus Eleven Roadster
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Model overview

Model description

If Colin Chapman had designed only the Lotus Eleven, his place in racing history would have already been assured. A great Lotus Eleven always draws a crowd, at speed or at rest, and numerous copies have been built. Many of these have been since 1985, built by Westfield.

Chapman was an engineer for the British Aluminum Company and built competition cars in his spare time. He started with the bare-bones Lotus VI in 1952, initially with Ford side-valve engines, but the aluminum Coventry Climax SOHC, 1098 cc four-cylinder – originally developed for a marine fire pump – proved to be the magic ingredient, and 100 Mark VIs were sold in three years.

As the wins racked up, Chapman wanted to enter the 1500 cc class and hired De Havilland Aircraft engineer Frank Costin to produce an aerodynamic full-width racer. The Lotus VIII and IX were followed quickly by the XI (Eleven), which had a stunning low-drag body. Its tubular space frame weighed only 70 pounds, and the smooth envelope body was hinged at both ends for unparalleled access. Costin’s aerodynamic skills were demonstrated when a stock Eleven with a bubble canopy recorded a 143 mph lap at Monza, and averaged 137.5 mph for an hour. Road-going cars were fitted with lights, windshields and even a top. They could manage 26 mpg U.S. at 100 mph.

Lotus Eleven frames were made locally by Progress Chassis, while the alloy bodies were hand-formed by Williams & Pritchard. Cars could be bought complete or assembled from kits, which dodged about 20 percent sales tax. The Lotus Eleven was also sold as the Sports, which was a street car with a 36-hp four-cylinder side-valve Ford 100E engine and drum brakes; the Club (same car with 75-hp, 1.1-liter Coventry Climax engine); and the Le Mans, a single-seater with a 1,462 cc Coventry Climax engine, disc brakes, and De Dion rear axle. The Le Mans was capable of 165 mph.

Colin Chapman entered a Lotus Eleven in the disastrous 1955 Le Mans 24 Hours race, in which Mercedes driver Pierre Levegh and 82 spectators were killed. He and co-driver Ron Flockhart were disqualified on the 12th hour, after Chapman broke the rules by reversing on to the track after going off course.

Both would make up for it in 1956. Flockhart and Ninian Sanderson won the Le Mans 24 Hours in the Ecurie Ecosse privateer Jaguar D-Type, while the fastest of the three Lotus Eleven factory cars, driven by Reg Bicknell and Peter Jopp finished an amazing seventh overall. It won its class, and its average speed would have won the 1949 event outright.

By the Spring of 1957, 150 Lotus Elevens had been built and a Mark 2 was introduced with Chapman’s own wishbone independent front suspension, replacing the primitive swing-axle arrangement that made for unpredictable handling.

Lotus Elevens were unbeatable in their class when they were new, and remain fiercely competitive in historic racing. By mid-1958 about 270 Lotus Elevens and been sold, but the rear-engine Formula One revolution was under way and Chapman shifted his focus to that. Eminently successful and uniquely styled, Lotus Elevens are both exclusive and expensive. Cars with significant race of course command a significant premium, but also come with a solid chance of entry into almost any historic racing event in the world.

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Common Questions

The value of a 1958 Lotus Eleven can vary greatly depending on its condition, mileage, options, and history. Typically, you can expect to pay around $102,000 USD for a 1958 Lotus Eleven in good condition with average spec.

Many factors can increase a car's value including excellent condition, exceptional originality, a recent restoration, low mileage, unique provenance, desirable options, popular or unique color choices, and excellent maintenance records. Upgrades and modifications that enhance performance or aesthetics can also add value.

Factors that can decrease a car's value include unusually high mileage, poor maintenance history, visible wear and tear, accidents or damage, title issues, and gaps in ownership history. Additionally, less popular color choices and extensive modifications that don't appeal to a broad audience can reduce value.

Mileage plays a significant role in a classic car’s value. Lower mileage usually increases value because it indicates a higher degree of originality, is rarer, and suggests less wear and tear. However, cars with exceptionally low mileage may also have maintenance needs due to lack of use. Whether someone should pay more for a vehicle with lower miles will depend on how they plan on using it, and the vehicle's specific condition.

The value of modified cars differs widely based on the type and quality of modifications. While some modifications can significantly increase value, especially performance enhancements and high-quality custom work, others may not add much or could even detract from the car’s value if they appeal to only a limited audience.

All prices shown here are representative of stock condition vehicles only and based on various data sources, as detailed in About Our Prices. Value adjustments for optional equipment are in U.S. dollars. More information on how forecast models are calculated can be found on Forecasted Values page. For additional information and a complete description of benefits, visit hagerty.CA/legal. Purchase of insurance not required for membership in HDC. Hagerty, Hagerty Valuation Tools & Hagerty Drivers Club are registered trademarks of the Hagerty Group LLC, ©2025 The Hagerty Group, LLC. All Rights Reserved.