The Peugeot 205 GTi is one of those cars that still explains an entire era of performance motoring. Small, light, sharp, and full of character, it became one of the defining hot hatches of the 1980s.

Back in the 1980s, if you were Somebody in the City, you probably drove a Porsche. But if you were an up-and-coming hotshot who’d made some lucky bets on gold futures, you’d splash the cash on a ...