LOTUS 340R (1999-01) 2DR CONVERTIBLE 1.8 340
The LOTUS 340R (1999-01) 2DR CONVERTIBLE 1.8 340 is a rare and highly exclusive sports car, known for its striking design and exceptional driving experience. As a lightweight, two-seater convertible, the 340R stands out in the UK market for its focus on performance and agility, making it a dream car for car enthusiasts and thrill-seekers. Its distinctive appearance and low-slung profile appeal to those who appreciate unique, head-turning vehicles, while its powerful 1.8-litre engine delivers an exhilarating ride that’s perfect for spirited weekend drives or for collectors seeking a standout model.
In the used car market, the LOTUS 340R is recognised for its limited production, which adds to its desirability and exclusivity. Typically suitable for enthusiasts who value a dynamic driving experience over practicality, this model is ideal for experienced drivers or collectors rather than family use. It’s often compared favorably to other niche sports cars, celebrated for its iconic design and active engagement behind the wheel. With an average private sale value of around £13,600 and a relatively low average mileage of just over 12,000 miles, the LOTUS 340R remains a sought-after collector’s item that combines rarity with a legendary performance pedigree.
average use
The latest mileage data for the Lotus 340R (1999-01) 2-door convertible indicates that half of these vehicles have recorded mileage up to 10,000 miles, suggesting they are relatively low-mileage examples. Approximately 40% fall within the 10,000 to 20,000-mile range, while only a small minority, 10%, have driven between 20,000 and 30,000 miles. This distribution highlights that most Lotus 340Rs are low-mileage vehicles, which could be appealing to collectors or enthusiasts seeking well-preserved examples.
vehicle values
The data on private sale prices for the Lotus 340R (1999-01) convertible reveals that the majority of sales fall within the £13,000 to £16,000 range, accounting for 85% of transactions: 35% are between £13,000 and £14,000, and 20% between £15,000 and £16,000. A smaller portion, 30%, are in the higher bracket of £14,000 to £15,000. Conversely, lower price segments, such as £12,000 to £13,000 and £7,000 to £8,000, represent only 5% and 10% respectively. This distribution indicates strong demand at higher values, likely reflecting the vehicle's rarity and desirability among enthusiasts, with a significant concentration around the £14,000 to £16,000 range.
production years
Based on the available data for the Lotus 340R (1999-01) 2DR Convertible 1.8 340, the majority of these vehicles—about 85%—were manufactured in the year 2000, with the remaining 15% built in 2001. This indicates that most of these models were produced during the year 2000, suggesting that the bulk of the available vehicles on the market are from that year, potentially affecting their age and value.
colour popularity
The data indicates that the majority of Lotus 340R (1999-01) vehicles, about 90%, are finished in Silver, making it the predominant colour for this model. Blue and Black are significantly less common, each accounting for only 5% of the vehicles. This suggests that Silver is the most popular or conventional choice for owners of this model, likely reflecting its appeal as a classic, understated colour.
ownership cycle
The data on registered keepers for the Lotus 340R (1999-01) indicates a notable distribution pattern. The most common number of previous keepers is one and four, each accounting for 20% of the vehicles. Vehicles with 12, 7, and 8 keepers are less common, representing 5% each. Interestingly, there's a significant portion (10%) of vehicles with six previous keepers, suggesting some vehicles have experienced moderate levels of ownership changes. Overall, the data suggests that while many of these vehicles have had a limited number of owners, there is variability, with a small but notable fraction having undergone many ownership transfers, which could be relevant for assessing their history and potential condition.
engine choices
The data indicates that all Lotus 340R (1999-01) 2DR Convertible models with the specified name and engine size are equipped with a 1.8-liter engine and run exclusively on petrol. This consistency in engine capacity and fuel type suggests a uniform engine specification across the sample, reflecting a standard configuration for this particular vehicle model during its production period.
