Not Ranked
For a legal authority we have to go to the courts, which referred to the current production of genuine Shelby Cobras as 'kits or replicas'. They consider those terms to be one in the same. So either term is suitable when referring to any of the non-original Cobras. But who cares?
Use whatever term makes you happy. Call it a hand-built Cobra if that makes you feel better. Better yet, just outright lie and tell them it is an original Cobra. They won't know. You'll make their day and take a step towards eternal damnation.
I like 'kit car' because when I'm talking to people, they generally don't know what they are looking at and only want to know one thing; is it a 1960's car or is it something else? 'Kit car' or 'replica' give a clear answer to their question. I like to use 'kit car' because it is a term people understand. 'Replica' sounds desperate. Like I'm embarrassed or have a chip on my shoulder about my car and I have to use a special term to make me feel better.
I think this summer, I will use the term 'continuation' to see if people understand the term or get confused.
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