Honda S2000 AP1

The two highest results are the two lowest-distance cars, and beyond about 140,000 kilometres the fitted line falls away faster than any other model in this library.

A 2.4-litre turbo AP1 at exactly 143,000km made $47,750 at Mount Warrigal, New South Wales in March 2026, and a 2.4-litre turbo AP1 at exactly 143,000km made $48,000 at Toowoomba, Queensland three months later. Identical distance, identical description, two states. That is a car bought and flipped, not two data points, and at roughly $17,000 above the stock curve at the same distance it would have distorted every figure here.

Three Australian no-sales sit in the same window: 79,395km at Morley in February 2026, 143,057km at Springvale in March 2026, and - the one that matters - a TURBOCHARGED car at 241,302 kilometres that failed at Carnes Hill in March 2026. That is the nearest comparable in existence to a very high-distance AP1 and it found no buyer at all. SOURCING: aggregator-surfaced results, unconfirmed against the auction house, the weakest evidence grade here.

Everywhere else in the world the AP1 and AP2 are told apart by displacement. In Australia they cannot be: this country only ever received the 2.0-litre F20C, in both bodies. What separates them here is the 2004 revision - reworked rear suspension geometry, larger brakes, seventeen-inch wheels, drive-by-wire, and a fabric roof with a heated glass rear window in place of the plastic one that yellows and cracks. Every one of those favours the later car, with no engine offset to trade back.

In the United States the AP1 is generally the dearer car, because there the F20C is the rarer, higher-revving engine. That argument does not exist here. The best local pair available is two Australian-delivered unmodified cars sold three months apart: a 1999 AP1 at 17,178 kilometres made $62,751 in August 2022, and a 2007 facelift at 38,832 kilometres - more than twice the distance - made $65,000 in November 2022. The later car made more money on worse kilometres. A 2006 at 28,387 kilometres then made $75,000 in February 2025, against a best-ever AP1 result of $62,751.

Between roughly 100,000 and 170,000 kilometres the results cluster tightly: $38,000 at 118,642, $35,600 at 165,562, $33,300 at 130,513, $31,750 at 107,241. The higher-kilometre car sold for more than the lower one in two of those pairs. With something like 1,450 cars ever landed here, supply scarcity flattens the odometer curve to the point where condition, registration status and Australian delivery matter more than the reading.

Two Australian cars above that mark have been offered and neither sold: 277,001 kilometres at Grays in April 2024, withdrawn after 101 bids, and 241,302 kilometres at Collecting Cars in March 2026. Both had other problems - a replaced instrument cluster and no history on one, a turbo conversion and a colour change on the other - so neither is clean evidence, and neither platform published the bid level.

On 2 September 2026 a 255,519-kilometre Australian-delivered AP1 sold at no reserve at Jimboomba, Queensland for $24,000 - the first Australian public sale of an S2000 above 200,000 kilometres on this record, and the row that MEASURES the tail rather than inferring it from overseas.

Matched British and American pairs implied a discount of forty to fifty per cent at a quarter of a million kilometres; this car made sixty-three per cent of the library value, a discount of about thirty-seven. The published call on this lot leaned on those foreign pairs, called $19,800 and was seventeen and a half per cent low - the widest miss in the call log, and it is recorded there rather than quietly corrected here.

277,001 kilometres at Grays in April 2024 and 241,302 at Collecting Cars in March 2026 both carried reserves and other problems. This lot carried neither a reserve nor a documented fault, and it cleared. Above 200,000 kilometres this model now reads as a car that sells at no reserve and stalls behind one.

And it is worth knowing why. A 2000 AP1 at 143,000 kilometres appears twice in the aggregators, at $47,750 in March 2026 and $48,000 in June 2026. It is one car sold twice - a forged 2.4-litre stroker with a BorgWarner turbocharger, a Samsonas gearbox and a Nissan differential conversion - and counting a competition build twice is what produces the double-digit growth figures published for this model. It is listed below so it can be seen and set aside.

Listings for yellow cars repeat a figure of about 4,000 built. That number describes Spa Yellow Pearl, which was an American and European colour that Australia never received; the Australian car is Indy Yellow Pearl, the local name for Rio Yellow Pearl, and the same dataset puts that at roughly 2,700. Both counts come from a source whose total matches United States production alone, so neither is a global figure. And yellow was not rare when new: it was better than a fifth of one model year’s American production. No colour premium is scored here, in either direction, because no Australian sale of a yellow car exists to measure one.

The American AP1 benchmark is about US$29,515 with 2026 results from US$20,250 at 110,000 miles to US$49,800 at 5,000; British asking prices run from GBP11,795 at 106,000 miles to GBP18,995 at 35,650. Converted at mid-kilometre, Australia, America and Britain sit within about ten per cent of each other, which is unusual and is why the overseas high-kilometre discounts are usable here. Australia diverges at the top, where the market is thinner.