Race Retro Classic Car Sale 2019

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1970 March 703 1-litre F3

Lot No.: 375

Registration: n/a
Chassis Number: 703/7
Engine Number: frame AM70 -11`
Number of cylinders: 4
CC: 1000
Year of Manufacture: 1970
Estimate (£): 42,000 - 47,000
(+buyer's premium of 15% including VAT @ 20%)

 

  • The '703' was the first Formula 3 car built by March Engineering
  • March 703-7 (AM70-11) was originally supplied to Leif Hallgren fitted with a Holbay R70-760
  • Finished in Orange, it raced 3 times in the UK before competing in the Swedish Championship
  • Fitted with a reliable Jeremy Bennett engine. Spare nosecone. Spare set of wheels with 'wets'
  • Unused since Goodwood MM 2018 but correctly 'Winterised' and stored
  • Complete with HSCC papers. A potential HF3 Championship winner in the right hands

 

March sprang into life in 1969 with four men from various racing backgrounds coming together to start a company whose ideas were nothing if not grand. Max Mosely, lawyer and average racing driver, Alan Rees, quite an accomplished racing driver, Graham Coaker, former Hawker Siddeley employee and Robin Herd, F1 designer, the initials of their surnames being the source of the company name. From the beginning, March announced they would be building cars for just about all formulae, F1, F2, F3, FB, F Ford and Sports Cars. The four founders announced they had a "mystery" sponsor that gave them a sound financial basis for the company, however, a few years down the line it emerged the mysterious backer was actually an invention to hide just how short of money the company actually was. The first March was the 693 F3 car produced at the end of 1969 and driven by the late Ronnie Peterson

The 703 was a production ready development of the previous years 693. March now had the time (and a little more cash) to replace all the Brabham/Lotus parts with units of their own design and manufacture and Specialised Mouldings made a new body for the cars.
A lot of cars were sold but it was generally a disappointment, there were no race wins just a handful of seconds and thirds. The car was bulky and overweight and had trouble in putting its power down. Its handling was improved after bibs were fixed to the nose to give it a bit of downforce. It did, however, have a good reputation for its performance under braking.

Chassis number 703/7; Frame AM70-11 is a well-respected car within UK Historic racing In 1970 it was originally supplied to Leif Hallgren on Orange with black stripes and was raced three times in the UK before going to Sweden to compete in the Swedish F3 Championship. It subsequently passed through various hands including, more recently, Jeremy Bouckley and Tony Keel. Restored by Jon Waggitt and fitted with a highly reliable Jeremy Bennett engine. Spare nosecone. Straight-through pipe. Spare set of wheels with 'Wets' fitted. This car has been invited to all the modern-day Goodwood Members Meetings and has taken three 2nd-places in the hands of Peter Needham. Unused since Goodwood MM2018 but correctly winterised and stored. With current HSCC papers, this is a potential HF3 Championship in the right hands.