Peugeot introduced the 405 across Europe in July of 1987. Developed to replace both the 305 and the 505, the 405 instantly won accolades from the public and the press alike, going on to win the coveted European Car of the Year award in 1988.
At launch, the 405 was offered with a host of gasoline-burning four-cylinder engines lifted from the Citroën BX parts bin, and diesel-burning mills were added to the lineup in early 1988. The lineup grew again over the course of the late-1980s with new engines, the addition of a station wagon model and an available all-wheel drive system.
Like the 504 and the 505, the 405 was a true global car that was built in numerous countries around the globe including Argentina and Iran. Several variants of it were briefly sold in the United States but the sedan failed to woo buyers and Peugeot pulled out of the market entirely in 1991.
Peugeot gave the 405 a facelift in 1993 that added new lights, a sleeker radiator grille loosely inspired by the larger 605 and redesigned tail lamps. The sedan carried on until it was replaced by the 406 in 1995, but the station wagon stuck around until approximately a year later.
A look in the local classifieds reveals you can buy a running and driving Peugeot 405 for a couple of hundred euros, provided it’s not a performance-focused model like the Mi16. Will 405s go back up in value, or will prices remain low?