Mexico MKI prices reach a new high – and will go higher

Value 2012 £12.5k Value Now £32k

It had to happen. With all fast Fords moving strongly, MKI Mexicos have yet again jumped in value. A 1973 Daytona Yellow restored minter made a new £50k world record at Silverstone’s May sale, so don’t be surprised at further rises as the supply of proper examples gets snapped up by investors.

Prices have been climbing hard over the last two years and back in 2016 Charterhouse sold a mint restored ’72 in bronze for £21k, then last year H&H dispatched a ’73 in Sebring Red, again fully restored, for £26k. A few months later Silverstone sold another totally restored ’73 for £32k. These are big jumps in 24 months in a market that’s been largely moving backwards.

Mind you, even for that £50k record-breaking price you couldn’t buy a project and carry out a professional rebuild, so really nice Mexicos still have some financial headroom to climb. Avoid tribute cars, re-shells, colour changes or modified stuff and seek out stock original or perfectly restored cars. Numbers need to match, history needs to be well documented, and check they’re listed on Ford’s AVO (Advanced Vehicle Operations) register. And here’s the thing – £50k probably won’t stay a world record for much longer. KGF Classic Cars in Peterborough has a startlingly fine award-winning ’71 in Olympic Blue with three owners and continuous history for £54,995. We’ll be looking at prices for really exceptional survivors topping out at £90k in a couple of years. So right now a mint Mexico MKI has to be a good place to park some spare loot.