1991 Mazda MX-5 Miata

2dr Convertible

4-cyl. 1597cc/116hp MPFI

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

$8,800*

+1.1%
#4 Fair condition#4 Fair

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Value Graph04/2407/2410/24$2k$4k$6k$8kJan 2025

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We have forecasted how much values for the 1990-1998 Mazda MX-5 Miata NA will change over the next year.
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1990-1998 Mazda MX-5 Miata stats
Highest sale
$43,313
Lowest sale
$1,651
Most recent sale
$10,867
Sales
804

Photos

47 photosImages may not reflect selected vehicle.

1992 Mazda MX-5 Miata 2dr Convertible Courtesy of Classic Auto Mall
1992 Mazda MX-5 Miata 2dr Convertible Courtesy of Classic Auto Mall
1992 Mazda MX-5 Miata 2dr Convertible Courtesy of Classic Auto Mall
1992 Mazda MX-5 Miata 2dr Convertible Courtesy of Classic Auto Mall
1992 Mazda MX-5 Miata 2dr Convertible Courtesy of Classic Auto Mall
1992 Mazda MX-5 Miata 2dr Convertible Courtesy of Classic Auto Mall
1992 Mazda MX-5 Miata 2dr Convertible Courtesy of Classic Auto Mall
1992 Mazda MX-5 Miata 2dr Convertible Courtesy of Classic Auto Mall
1992 Mazda MX-5 Miata 2dr Convertible Courtesy of Classic Auto Mall
1992 Mazda MX-5 Miata 2dr Convertible Courtesy of Classic Auto Mall
1992 Mazda MX-5 Miata 2dr Convertible Courtesy of Classic Auto Mall
1992 Mazda MX-5 Miata 2dr Convertible Courtesy of Classic Auto Mall
1992 Mazda MX-5 Miata 2dr Convertible Courtesy of Classic Auto Mall
1992 Mazda MX-5 Miata 2dr Convertible Courtesy of Classic Auto Mall
1992 Mazda MX-5 Miata 2dr Convertible Courtesy of Classic Auto Mall
1992 Mazda MX-5 Miata 2dr Convertible Courtesy of Classic Auto Mall
1992 Mazda MX-5 Miata 2dr Convertible Courtesy of Classic Auto Mall
1992 Mazda MX-5 Miata 2dr Convertible Courtesy of Classic Auto Mall
1992 Mazda MX-5 Miata 2dr Convertible Courtesy of Classic Auto Mall
1992 Mazda MX-5 Miata 2dr Convertible Courtesy of Classic Auto Mall
1992 Mazda MX-5 Miata 2dr Convertible Courtesy of Classic Auto Mall
1992 Mazda MX-5 Miata 2dr Convertible Courtesy of Classic Auto Mall
1992 Mazda MX-5 Miata 2dr Convertible Courtesy of Classic Auto Mall
1992 Mazda MX-5 Miata 2dr Convertible Courtesy of Classic Auto Mall
1992 Mazda MX-5 Miata 2dr Convertible Courtesy of Classic Auto Mall
1992 Mazda MX-5 Miata 2dr Convertible Courtesy of Classic Auto Mall
1992 Mazda MX-5 Miata 2dr Convertible Courtesy of Classic Auto Mall
1992 Mazda MX-5 Miata 2dr Convertible Courtesy of Classic Auto Mall
1992 Mazda MX-5 Miata 2dr Convertible Courtesy of Classic Auto Mall
1992 Mazda MX-5 Miata 2dr Convertible Courtesy of Classic Auto Mall
1992 Mazda MX-5 Miata 2dr Convertible Courtesy of Classic Auto Mall
1992 Mazda MX-5 Miata 2dr Convertible Courtesy of Classic Auto Mall
1992 Mazda MX-5 Miata 2dr Convertible Courtesy of Classic Auto Mall
1992 Mazda MX-5 Miata 2dr Convertible Courtesy of Classic Auto Mall
1992 Mazda MX-5 Miata 2dr Convertible Courtesy of Classic Auto Mall
1992 Mazda MX-5 Miata 2dr Convertible Courtesy of Classic Auto Mall
1992 Mazda MX-5 Miata 2dr Convertible Courtesy of Classic Auto Mall
1992 Mazda MX-5 Miata 2dr Convertible Courtesy of Classic Auto Mall
1992 Mazda MX-5 Miata 2dr Convertible Courtesy of Classic Auto Mall
1992 Mazda MX-5 Miata 2dr Convertible Courtesy of Classic Auto Mall
1992 Mazda MX-5 Miata 2dr Convertible Courtesy of Classic Auto Mall
1992 Mazda MX-5 Miata 2dr Convertible Courtesy of Classic Auto Mall
1992 Mazda MX-5 Miata 2dr Convertible Courtesy of Classic Auto Mall
1992 Mazda MX-5 Miata 2dr Convertible Courtesy of Classic Auto Mall
1992 Mazda MX-5 Miata 2dr Convertible Courtesy of Classic Auto Mall
1992 Mazda MX-5 Miata 2dr Convertible Courtesy of Classic Auto Mall
1992 Mazda MX-5 Miata 2dr Convertible Courtesy of Classic Auto Mall
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Model overview

Model description

The Mazda Miata moved much of the enthusiast community near to tears when it was introduced in the fall of 1989 for the 1990 model year. Few thought we would ever see a British roadster re-imagined as a competent and dependable yet utterly charming automobile. Colors were originally limited to red, white and blue and several option packages that included niceties like air conditioning, power windows, and seat-mounted speakers. A nice removable hard top was offered as was an autobox, but this option mercifully proved to be unpopular. Few people were able to buy a 1990 Miata at anywhere near sticker price.

Base cars came with steel wheels, no power windows or power steering, and no air conditioning. The A and B packages added the various niceties missing from the base car. Along the way, various other option packages and new colors were introduced including the R-type with stiffer Bilstein suspension and a British Racing Green and tan leather limited edition. For 1994, the engine was enlarged to 1.8 liters with modest gains in performance.

The original 120 hp 1.6 liter was enough to power the 2,200-pound car to 60 mph in about 9 seconds. Without an abundance of low-end torque, early Miata drivers used the gearbox a lot. Happily, it was a great five-speed with suitably short throws and a nice direct feeling that was a byproduct of its conventional layout. Handling was neutral, brakes more than adequate, and the ratios were well-spaced enough to make the Miata a decent highway car and a 120 mph performer.

The wonderful thing about a Miata is the fact that while it resembles a fragile British or Italian sports car, it has the same DNA as the tremendously reliable Mazda 323. With a modicum of care, Miatas are capable of high mileage and reliable long term service. Things like power window switches and regulators can give trouble, timing belts should be changed every five years or 60,000 miles, and gearbox oil and vehicle coolant should be changed at the manufacturer’s recommended intervals. Other than the usual woes of any 20-year old car, Miatas aren’t particularly troublesome.

Many collector car enthusiasts often cite character as a reason to opt for a Triumph Spitfire or MG Midget for instead of a Miata, but that stance flatly underestimates the Miata. The passage of time has certainly thinned the ranks of early cars as well, which makes them even more intriguing.

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Common Questions

The value of a 1991 Mazda MX-5 Miata can vary greatly depending on its condition, mileage, options, and history. Typically, you can expect to pay around $8,800 for a 1991 Mazda MX-5 Miata in good condition with average spec.

The highest selling price of a 1991 Mazda MX-5 Miata at auction over the last three years was $26,250. 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 1991 Mazda MX-5 Miata at auction over the last three years was $5,873. 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 45 1991 Mazda MX-5 Miatas sold at public auction.

The most recent auction sale of a 1991 Mazda MX-5 Miata was $26,250 on December 27, 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.