TOYOTA MR2 (THIRD GENERATION): BUYER'S GUIDE
Median Price: £10,924 • Highest Price: £22,998 • Lowest Price: £505 • Sell-Through Rate: 75%
Source: Classic Car Auctions
How much is a MR2 (Third Generation) worth?
In our experience, we've seen plenty of MR2 (Third Generation)'s go under the hammer and based on analysing every sale you can expect to pay £10,924 for one in average condition - that places it amongst the cheapest 20 - 30% of collector cars across our database.
As Toyota's go, a MR2 (Third Generation) is on the lower end relative to other Toyota models. In fact this model is £8,517 below the median Toyota price of £19,440.
What is the maximum to pay for a MR2 (Third Generation)?
Across the 86 MR2 (Third Generation)'s we've seen sell, the highest price ever recorded for this model is £22,998. It was sold by Bring A Trailer in the US on 21 Oct 2021.
What is the lowest to pay for a MR2 (Third Generation)?
The lowest sale of all time for this vehicle is £505, SWVA sold this car in the UK on 27 Oct 2023.
What is the background of the make / model?
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How common is a MR2 (Third Generation)?
According to data from the DVLA, the UK licensing authority, in 2022 there were 5,630 licensed vehicles alive and kicking on UK roads. There were also 4,468 vehicles that are SORNd - in other words not currently registered for the road. Note: that data is for this model and all of its sub-models.
Building on that, we've also seen plenty of these go under the hammer at auctions around the world, 115 to be precise. It's among the 8% most common collector cars to sell at auction.
Of those 115 times the model has gone to auction 86 have sold. In other words, this model sells on 75% of times it goes to auction - that's below the average sell-through rate we traditionally see.
How does the MR2 (Third Generation) compare to other cars?
We know from reviews of this model by our 42,000+ strong community how this car performs across multiple variables. Those variables stack up to give a TCVScore which is a relative score of how good a car is across 5 variables in comparison to all other cars.
For the MR2 (Third Generation), it scores a 60 out of 100 - that places it in the top 60% of all cars in our database.
How the car scores across all variables is below:
Styling: 6/10
Cool Factor: 5/10
Practicality: 6/10
Handling: 7/10
Speed: 6/10
To understand more or add your own review, click the link below.
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Why this article was created
Well, we've got one of the largest databases of sold classic car prices in the world so we thought we ought to help and put that data to good use. To be clear though, this article is not intended to be a full tour of every nook and sill of the MR2 (Third Generation), rather it's meant to act as an introductory guide and overview of the market for this model.
It is here to provide you guidance on how much you should and shouldn't be paying for one based on the 115 we've seen previously.
If you're after more detail, we've got you covered. Click the button below to be taken to a the price guide for this model so you can see every single sale, price trend over time and lots more.
How this article was created
This article was created by looking back at sales of MR2 (Third Generation) since the beginning of our database in 1992. We've scanned over 30 auction houses and results from over £15 billion of sold cars around the world to understand the where the market is at for this car.
The Classic Valuer takes that data and analytics which enables it to generate these articles at scale, for further information regarding the MR2 (Third Generation) please visit the price guide linked below.
About The Author
Giles Gunning
Giles is CEO of The Classic Valuer - one of the world's largest databases of sold classic cars in the world going back over 30 years covering over 11,000 models. Giles and The Classic Valuer are regularly referenced in key classic car publications including Classic & Sports Car.
Giles grew up around the iconic historic motorsport venue at Goodwood and enjoys his 1972 Alfa Romeo 1600 GT Junior around the Sussex roads. His primary car goal is to purchase back a selection of his grandfather's car's including his 1931 Riley Brooklands.
