The AC Ace was designed by John Tojeiro around a slim ladder chassis with all-round independent suspension by transverse leaf springs, bodied in hand-formed aluminium in a Ferrari 166 barchetta idiom, and put into production by AC Cars of Thames Ditton after its debut at the 1953 Earls Court Motor Show. It ran until 1963 in three distinct engine families: the original AC-engined Ace with the pre-war 'long-stroke' 2.0-litre single-overhead-cam six, the Ace-Bristol using the ex-BMW 328-derived 2.0-litre Bristol BS1 straight-six, and the final Ace 2.6 with Ken Rudd's 'Ruddspeed'-tuned Ford Zephyr 2.6-litre pushrod six.
Production totals are consistently recorded across independent references: approximately 220 AC-engined cars, 466 Ace-Bristols and 36–37 Ford 2.6 cars — the rarest of the three engine families by a wide margin. Sources differ by one car on the 2.6 total.
The Ace is a genuinely important historic road car in its own right — the AC Owners Club records period competition success including class wins at Le Mans, and it was the car Carroll Shelby ordered from AC and re-engined with Ford's 260 V8 in 1962 to create the CSX2000-series Cobra. Ace values today sit well below Cobra values but are firmly established in the collector market, with the Ace-Bristol as the most tradable variant, the Ace 2.6 as the standalone rarity tier, and the original AC-engined cars as the founding, most-difficult-to-source examples.
The Ace is the AC design that Shelby chose to base the Cobra on. Originality, correct engine family, matching numbers and continuous ownership history matter more than mileage; the market clearly separates AC-engined, Bristol-engined and Ford 2.6-litre cars into three distinct tiers.