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RETRO NISSANS: MARKET TRENDS

RETRO NISSANS: MARKET TRENDS

Posted by Matt Bell on 8th September 2020

In 1987, Nissan set up its Pike Factory, specialising in oddball retro specials. They were never officially sold here but the Figaro, Pao and S-Cargo have all been popular imports. We take a look at the prices of these retro Nissans.

Nissan Pao (1989-91)

Nissan’s “Pike Factory” was established in 1987 as a special projects division whose primary role was to create new models that would grab the public’s attention and make them talk about the brand. These retro Nissans helped the marque to become one of the pioneers of ‘Retro-Modern’ styling.

The Pao was a ‘utility hatchback’, with styling features from a number of classic cars – the external door hinges echoed the Mini, the flap-up windows the Citroen 2CV and the split tailgate the Austin A40 Farina, yet under the skin it was a K10 Micra.

While never officially imported here, quite a few Paos have made their way to the UK and there’s a strong following. You’re looking at £4000 for a decent example or around £6000 for one of the best, which is around 10 per cent more than they were worth five years ago. But be wary of tarted up examples as they like to rust.

Retro Nissans

Nissan Figaro (1991)

The Japan-only Figaro was a pioneer not just in its retro convertible looks, which made it look like a genuine Fifties soft-top, but also in the way it was sold. Instead of through dealers, Figaros were sold through pop-up shops called ‘Cherry Stores’ in shopping centres, and as the company only planned to make 20,000 to start with your deposit only bought you an entry into a lottery, which would potentially win you a place on the waiting list.

As a result, the Figaro was instantly collectable, with classic car fans across the globe clamouring to buy them from importers and spread them across the world. It’s believed around 1,000 of them found their way to the UK and most still survive.

Once the initial furore died off, though, with celebrity owners including Sophie Ellis-Bextor, Vanessa Feltz and Jonathan Ross, demand paled.

By 2005, you could get your hands on a Figaro for £2000 but today you’re looking at five times that for a really good one, or around £4000-£5000 for something half decent but nowhere near concours. That’s a lot of money for what’s essentially a glorified Micra convertible, but, well, just look at it… A Fifties classic with modern-ish usability. What’s not to like?

Retro Nissans

Nissan S-Cargo (1989-92)

The most utilitarian of the Pike Factory models was the comical S-Cargo, which took its name from the French word ‘escargot’, meaning snail. It’s no coincidence that the Citroen 2CV has the same nickname, as Nissan unashamedly admitted that the Deux Chevaux Fourgonette was the van’s inspiration.

Of the 8,000 or so S-Cargos made, about 500 came to the UK via various independent importers and went on to become characterful promotional vehicles for businesses who wanted something a little bit different – from coffee baristas to florists, the S-Cargo was a great way of gathering attention.

Today, the S-Cargo is still ideal for that purpose and there are a good number that continue in commercial use, but its popularity as a classic is starting to catch on.

For a basket case, you’ll need £1000 while usable examples start at £2000, making it the cheapest of the Pike Factory models. But show standard models are creeping up – £7000 gets you the very best, and that’s about £3000 more than they were worth five years ago.

If you’ve got £4000 to spend you’ll get a decent one that’s ideal for promoting a quirky or unusual business, especially in the classic car community. That’s £1000 more than two years ago, which proves that the Pike Factory models are gathering interest.

Very soon, as all the rough ones disappear and become parts cars, their collectability will only increase further making all three of these cars ones to watch, or to invest in if you want something quirky, fun and guaranteed to not lose any value. They’re well worth a look.

They’re all based on the K10 Micra though, so while reliability is assured, rust is a genuine concern and one you need to check for very carefully before you spend any cash.

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