1962 Austin Mini

2dr Sedan

4-cyl. 848cc/34hp 1bbl

#1 Concours condition#1 Concours
#2 Excellent condition#2 Excellent
#3 Good condition#3 Good

$13,400*

-6.3%
#4 Fair condition#4 Fair
Value Graph04/2407/2410/24$5k$10kJan 2025
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1959-2001 Mini stats
Highest sale
$181,500
Lowest sale
$1,646
Most recent sale
$78,750
Sales
248

Photos

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1962 Austin Mini Sedan
1962 Austin Mini Sedan
1962 Austin Mini Sedan
1962 Austin Mini Sedan
1962 Austin Mini Sedan
insurance

Protect your 1962 Austin Mini from the unexpected for only $160 per year**

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**Figure based on a stock 1962 Austin Mini valued at $13,400 with OH rates with $100/300K liability/UM/UIM limits. Actual costs vary depending on the coverage selected, vehicle condition, state and other factors. Hagerty determines final risk acceptance.

Model overview

Model description

Alec Issigonis’s tiny Mini sedan can lay claim to being one of the most significant automobile design of the 20th Century. The simple design broke all the rules, what with its transverse-mounted, four-cylinder engine, front-wheel drive, transmission in the sump, a wheel at each corner, and suspension by simple rubber cones.

Costing only $1,340, the 1959 Mini also offered surprising interior space at only 10 feet long, and its 33-hp, 848-cc engine could manage 40 mpg when driven carefully. In one step, Issigonis had replaced every three-wheeled microcar, as well as every motorcycle and sidecar, with a real family sedan. It was a stroke of genius and led to his knighthood.

Minis were originally badged as Austin Se7en and Morris Mini Minor, but soon they were just known as Minis. Their charm was in basic functionality – pull-string door openers, “bucket” door pockets, sliding windows, a shelf instead of a dashboard and a single big speedometer with integrated gas gauge in the center. The rear license plate swung down so the car could be driven with the trunk lid open to handle larger objects. About 945,000 Mk I models were built between 1959-67.

John Cooper reworked Austin Minis into Mini Coopers starting in 1961, and Mini Coopers won four successive Monte Carlo Rallies in the 1960s. The Mk I Mini Coopers remain the most iconic of the breed and are highly sought after today.

The 1967 Mk II gained a squarer grill and squarer taillights, remote gearshift and 998-cc engine. The next year saw an all-synchro gearbox and the 1969 Mk III gained hidden door hinges and wind-down windows. A troublesome “hydrolastic” fluid suspension was used from 1964 to 1969, at which point Minis reverted to the original rubber cones again. The basic Mini changed little between 1969 and 1992, though the original 848-cc engine was dropped in 1980 and 12-inch wheels were adopted in 1984.

From 1962 to 1969, the “woody” Mini Countryman and Traveler were made. The nifty little wagons were 10 inches longer than the sedan, with double back doors. Wood trim was glued to the body at first, but later models were available without it. From 1969 to 1980, the Mini Clubman model grew a square nose and the accompanying wagon had stick-on vinyl “wood” trim. Nearly 475,000 were sold but relatively few survive today. Other rare variations include the 1961 to 1969 Riley Elf and Wolseley Hornet, both of which had tiny vestigial fins, an extended trunk, and luxury interiors. About 30,000 of each were sold, but survivors are fairly rare. There were also a few pickups.

One oddity that has survived quite well is the Mini Moke, best remembered for its role in Patrick McGoohan’s TV series, The Prisoner. There would seem to be little demand for a Jeep with 10-inch wheels, but the Moke became a popular beach car in sunny places, and 51,000 were sold between 1964 and 1994, and they were built in Australia and Portugal as well as the UK.

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Common Questions

The value of a 1962 Austin Mini can vary greatly depending on its condition, mileage, options, and history. Typically, you can expect to pay around $13,400 for a 1962 Austin Mini in good condition with average spec.

The highest selling price of a 1962 Austin Mini at auction over the last three years was $29,925. The highest prices are usually reserved for rare or exceptionally well-maintained examples with desirable features or modifications and excellent history.

The lowest selling price of a 1962 Austin Mini at auction over the last three years was $29,925. The lowest prices are usually paid for examples that have extensive maintenance needs, differ greatly from their original configuration, or have accident histories or title problems.

In the last three years there have been 1 1962 Austin Minis sold at public auction.

The most recent auction sale of a 1962 Austin Mini was $29,925 on August 22, 2024 by Bring a Trailer.

Many factors can increase a car's value including excellent condition, exceptional originality, a recent restoration, low mileage, unique provenance, desirable options, popular or unique color choices, and excellent maintenance records. Upgrades and modifications that enhance performance or aesthetics can also add value.

Factors that can decrease a car's value include unusually high mileage, poor maintenance history, visible wear and tear, accidents or damage, title issues, and gaps in ownership history. Additionally, less popular color choices and extensive modifications that don't appeal to a broad audience can reduce value.

Mileage plays a significant role in a classic car’s value. Lower mileage usually increases value because it indicates a higher degree of originality, is rarer, and suggests less wear and tear. However, cars with exceptionally low mileage may also have maintenance needs due to lack of use. Whether someone should pay more for a vehicle with lower miles will depend on how they plan on using it, and the vehicle's specific condition.

The value of modified cars differs widely based on the type and quality of modifications. While some modifications can significantly increase value, especially performance enhancements and high-quality custom work, others may not add much or could even detract from the car’s value if they appeal to only a limited audience.

All prices shown here are based on various data sources, as detailed in About Our Prices. The Hagerty Price Guide is for informational purposes only and is not intended as financial advice. More information on how forecast models are calculated can be found on Forecasted Values page. For additional information and a complete description of benefits, visit hagerty.com/legal. Purchase of insurance not required for membership in HDC. Hagerty, Hagerty Valuation Tools & Hagerty Drivers Club are registered trademarks of The Hagerty Group LLC, ©2024 The Hagerty Group, LLC. All Rights Reserved. The Hagerty Group, LLC is a wholly owned subsidiary of Hagerty, Inc.