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1957 Mercury Monterey
4dr Sedan
8-cyl. 312cid/255hp 4bbl
#1 Concours condition#1 Concours
#2 Excellent condition#2 Excellent
#3 Good condition#3 Good
$7,100*
+1.4%
#4 Fair condition#4 Fair
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Apr 2025
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1957-1958 Mercury Monterey stats
Highest sale
$77,000
Lowest sale
$5,974
Most recent sale
$17,280
Sales
41
Photos
23 photosImages may not reflect selected vehicle.
Insurance
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**Figure based on a stock 1957 Mercury Monterey valued at $7,100 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.
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Model overview
Model description
Mercury restyled all of its models for 1957, giving its entire lineup a distinctive brand identity in the process. Prior to this year, Mercury bodies had been based on Ford or Lincoln designs, but for 1957 the automaker gave the lineup a sporty and opulent design, including unique V-shaped taillights and sculpted rear fenders. The Monterey was no exception, and Mercury’s full-size offering weighed in at an impressive 3,915 pounds and rode a 122-inch wheelbase. Available body styles in 1957 included a four-door sedan and hardtop, two-door sedan and hardtop, and a convertible. Early 1957 Montereys came with two headlights, but changed to four lights mid-year.
The basic engine package for a Monterey in 1957 was a 312-cid, overhead-valve V-8 with 255 hp, but drivers could purchase an optional 368-cid motor with 290 horsepower or a dual-carburetor M-335 version of the same mill that bump power to 335 hp. Transmissions included the standard three-speed manual with optional overdrive or the optional automatic. More than 95% of Mercury’s 1957 output featured the automatic.
Available options for the Monterey included a continental kit for the spare tire, whitewall tires, air conditioning, power steering and brakes, a heater, and a radio. Interestingly, very few cars were originally ordered with air conditioning, making the option quite desirable today.
Like most of the American market, the 1958 Monterey was impacted by a recession, and production of the model was cut to about 50,000 cars, or one third of 1957’s production total. Minor trim changes were made to the outside of the vehicle, and the 312-cid V-8 was dropped. The 383-cid V-8 became standard with 312 horsepower, and an optional 430-cid V-8 with triple two-barrel carburetors was added, delivering 400 horsepower.
Convertible Mercury Montereys from this generation are particularly rare and desirable today, and the stylish two-door hardtops are also sought-after, especially when equipped with one of the more powerful engines. High production numbers make ownership relatively straightforward, and maintenance is typically a non-issue. Finding the right Monterey is also fairly easy, though the 430 engines are predictably harder to locate.
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Common Questions
The value of a 1957 Mercury Monterey can vary greatly depending on its condition, mileage, options, and history. Typically, you can expect to pay around $15,445 for a 1957 Mercury Monterey in good condition with average spec.
The highest selling price of a 1957 Mercury Monterey at auction over the last three years was $17,280. 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 1957 Mercury Monterey at auction over the last three years was $14,300. 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 2 1957 Mercury Montereys sold at public auction.
The most recent auction sale of a 1957 Mercury Monterey was $17,280 on July 20, 2023 by GAA Classic Cars.
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.