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Nothing about a first-generation Ford Bronco was ever supposed to be expensive. It was a utility vehicle with leaf springs, drum brakes and an inline-six, built to compete with the International Scout and sold to people who needed to get somewhere a station wagon wouldn't go. Six decades later, RK Motors is asking $219,900 for one — a 1974 wagon reimagined by Velocity Restorations, showing 896 miles since completion. The interesting part isn't that the number exists. It's that the auction results say it's honest.
A Coyote Where the 302 Used to Be
Velocity's formula is well established at this point, and this Deep Metallic Blue example follows it closely. Under the hood sits a Gen III Ford 5.0-liter "Coyote" V8 with electronic fuel injection, backed by a 10R80 10-speed automatic — the same pairing Ford ships in current F-150s and Mustangs. That matters more than the horsepower figure. A carbureted 302 in a 50-year-old truck is a project. A Coyote and a 10-speed is a vehicle you can drive to Colorado in August without thinking about it.
Behind the transmission is a twin-stick Atlas two-speed transfer case feeding a Dana 44 front axle and a Ford 9-inch rear with 3.73 gears. That's a genuinely capable setup rather than a cosmetic one, and it's a meaningful step up from the stock Dana 20 case these trucks left Michigan with. We've covered Coyote-swapped Broncos before, and the drivetrain choice has quietly become the default for anyone building at this level.
The Chassis Is Where the Money Went
The body is original steel, restored and refinished to Velocity's standard, wearing a metallic blue so dark it reads black in anything but direct sun. Chrome bumpers, correct Bronco badging and LED projector headlights keep the profile recognizable. A six-point family-style roll cage sits inside without wrecking the open-air look, and AMP Research power running boards deploy when you open the door — a small concession to daily usability that classic-purists tend to grumble about and owners tend to appreciate.
Underneath, the original chassis has been rebuilt with modern coil-spring suspension, Bilstein shocks, power steering and Wilwood four-wheel disc brakes. Seventeen-inch "bullet hole" alloys wrapped in BFGoodrich All-Terrain KO2s finish the stance. If you have driven an unmodified early Bronco, you understand why the brake and steering upgrades are the headline here. The stock setup is charming for about fifteen minutes.
An Interior Built for People Who Actually Use It
Diamond-stitched leather covers the front buckets and rear bench, with custom trim and integrated controls throughout. Velocity-exclusive Dakota Digital gauges keep the visual language of the original cluster while providing modern instrumentation. Vintage Air climate control handles the summer problem, power windows handle the reaching-across-the-cab problem, and a Clarion Bluetooth head unit paired with Focal speakers handles the rest. A wood-rimmed wheel and a lockable Tuffy console with USB charging round it out. Both a full black soft top and a bikini top come with the truck.
What the Hagerty Numbers Actually Say
Here's where the $219,900 ask gets interesting. According to Hagerty's Valuation Tools, a 1974 Bronco two-door wagon with the 200-cid six is worth about $38,900 in #3 good condition — down 12 percent in the most recent guide. Step up to the 302 V8 and the same condition grade lands around $51,100. Those are the numbers for a clean, honest, largely stock truck, and they have been softening.
Now look at the top of the market. Hagerty's data shows 474 examples of the 1974 Bronco alone crossing public auction blocks over the last three years, with a high sale of $650,000 and a low of $4,988. That spread is the whole story: this is not one market, it's two. Recent results back it up — a 940-mile 1977 Bronco brought $221,625 on Bring a Trailer in mid-August 2026, and a 4,500-mile 1973 example hit $172,500 just days later, while a 110,000-mile 1973 sold the same week for $90,300.
In other words, low-mileage professional builds are trading in the $170,000 to $220,000 band right now, and stock drivers are trading at a third of that. This Velocity truck, with 896 miles and a documented builder behind it, is priced squarely inside the first group rather than reaching past it. Whether that band holds is the open question — the softening #3 values suggest the entry-level end is cooling even as the top stays firm.
The Case For It
Restomods live or die on who built them, because the buyer is purchasing decisions they can't easily inspect. Velocity Restorations has spent a decade establishing that its name means something on a Bronco, which is exactly what separates a $220,000 truck from a $90,000 one with a similar spec sheet on paper. The same logic applies across the segment, whether you're looking at ICON 4x4's take on a 1968 Bronco or the broader field of standout restomods listed on Motorious.
What you get is a 1974 Bronco that looks right sitting still and behaves like something built in this decade once it's moving — which is either the best of both worlds or a betrayal of the original, depending on which side of that argument you sit on. For a closer look at how it stacks up against the rest of the field, browse the coolest Broncos currently for sale on Motorious.
Photos courtesy of RK Motors.