SCM Analysis
Detailing
| Vehicle: | 1961 Jaguar E-type Series I 3.8 flat-floor convertible |
| Years Produced: | 1961-1968 |
| Number Produced: | Series I 3.8, 7,820; Series I 4.2, 9,550 |
| Original List Price: | $5,595 |
| SCM Valuation: | $32,500-$45,000 |
| Tune Up Cost: | $300 |
| Distributor Caps: | $22.50 |
| Chassis Number Location: | ID plate on center of firewall |
| Engine Number Location: | Stamped on engine block above oil filter |
| Club Info: | Jaguar Clubs of North America info: 888-258-2524 |
| Website: | http://www.jcna.com |
| Alternatives: | AC Bristol roadster, Austin-Healey 3000 convertible, Porsche 356 Cabriolet |
The Series I E-Type (referred to as the “XKE” in U.S. marketing literature) is an ideal benchmark for overall prices at classic car auctions because there is at least one in excellent condition for sale at every auction. These cars’ specifications are well-known and parts are generally available, so if the example has been restored, the work has generally been done to a high standard. In the U.S. this year, comparable condition Series I E-Types were selling for around $45,000, so the sale of this E-Type at $40,183 by Brooks in Monaco in May of last year suggests that prices are fairly comparable in the U.S. and Europe, allowing for shipping, and that general market conditions haven’t changed much in the past year.
A solid E-Type that has been carefully restored is an excellent automobile. Even with the less-than-ergonomic seats in the early Series I, the cars are comfortable, and the nearly bulletproof 3.8-liter engine makes it practical for long-distance cruising, though the awkward 4-speed transmission could have been better. E-Types have always been the most sensual of cars – no coincidence that one was Austin Powers’ chariot of choice in that quintessential send-up of Sixties attitudes. The Series I is most stylish of them all, with its smooth, elegant fender lines terminating in clear glass covers over recessed headlamps and cloth soft-top easily dismounted for top-down touring.
The later Series I with the bigger 4.2-liter engine is a good driving option but has less investment potential. Many people prefer the added power and more comfortable seats.
The Series II, introduced in 1968, was mechanically a better car, though additional safety changes to headlamps, a different soft-top mounting and an awkward radiator opening were steps backward in styling.
By 1971 the high-revving six no longer could meet U.S. emission standards, so the Series III was introduced, powered by the torquey V12 from the big sedan. It had the visual styling cues of the earlier E-Types, but huge rubber bumper overiders and a larger grille detracted from the classic curves.
If you decide to satisfy your nostalgia for Sixties auto-sensuality, the Jaguar E-Type proves the rule of paying a reasonable price for a good car rather than looking for a cheap restoration project. A good E-Type is very good, but a bad example can be horrid. If much body-work needs to be done to get that enormous multi-curved bonnet to look and fit properly and if there’s any rust in the monococque tub, your bill just for paint and bodywork alone could exceed the sale price of this Brooks car.-Gary Anderson.