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1973 MG Midget Mk III
2dr Convertible
4-cyl. 1275cc/54.5hp 2x1bbl
#1 Concours condition#1 Concours
#2 Excellent condition#2 Excellent
#3 Good condition#3 Good
$7,200*
+5.9%
#4 Fair condition#4 Fair
Jan 2025
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1967-1974 MG Midget stats
Highest sale
$806,444
Lowest sale
$150,160
Most recent sale
$240,107
Sales
2583
Photos
1 photoImage may not reflect selected vehicle.
Past sales
$14,962
1973 MG Midget Mk III
33000 M
Standard
North America
Mar 11, 2025Bring a Trailer
View details
$4,366
1971 MG Midget Mk III
Europe
Jan 28, 2025Car and Classic
View details
$13,200
1967 MG Midget Mk III
34042 M
Standard
North America
Jan 12, 2025Mecum Auctions
View details
$3,012
1971 MG Midget Mk III
Europe
Dec 23, 2024Car and Classic
View details
$10,574
1972 MG Midget Mk III
77 K
Standard
Europe
Nov 6, 2024Collecting Cars
View details
$4,850
1973 MG Midget Mk III
87000 M
Standard
North America
Nov 4, 2024Bring a Trailer
View details
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More 1973 MG Midget Mk III values
Model overview
Model description
The Mark III MG Midget was introduced in October 1966 as a 1967 model. Both the Midget and its companion Austin-Healey Sprite received the 65 hp BMC A-series engine, now displacing 1275 cc. It was the same engine as the Mini Cooper S, but detuned, and it could push the boxy little roadster to 60 mph in 14.7 seconds on its way to a top speed of about 94 mph.
The convertible top was finally a folding design instead of something to be dismantled and put in the trunk, and the car sold for $2,174. MG described the Midget as “the smallest real sports car.” The top three gears were synchromesh but first was still a crashbox gear. The car changed little in 1968 and 1969, when knock-off wire wheels became optional. The price crept up to $2,520 in 1972, when black rocker panels carried the name Midget in block letters and Rostyle mags wheels were fitted.
More attractive rounded rear wheel arches were introduced for 1972, but they were dropped when crash testing became more severe in 1974. At this point the car was equipped with big rubber blocks attached to both bumpers. The Mk III was the most popular Midget of this body style, with 100,246 finding owners. Paint colors were bright and cheery and the car handled well, until the front lever shocks wore out. The quarters are cramped for drivers taller than 5-feet 9 inches tall, however, and the road and wind noise make a radio almost unnecessary.
The MG Midget would continue to be revised starting in 1975, with the introduction of the Mk IV model. Model changes at this point were aimed at addressing increased emissions and safety regulations.
Good examples of Mk III Midgets can still be found at the back of garages in better neighborhoods where they were a popular second car for sunny days, but time has not been kind to those living on the streets. As always, look out for rust and check that the front suspension is still stiff, without having tube shocks fitted. The lever shocks are also at the top a-arms and if they’ve failed, the suspension bushings are worn out too. First gear should be quiet, which is uncommon in most cars now. Prices for the MG Midget are remarkably cheap, and represent one of the most economical ways to get into vintage motoring.
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Common Questions
The value of a 1973 MG Midget Mk III can vary greatly depending on its condition, mileage, options, and history. Typically, you can expect to pay around $225,000 for a 1973 MG Midget Mk III in good condition with average spec.
The highest selling price of a 1973 MG Midget Mk III at auction over the last three years was $806,444. 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 1973 MG Midget Mk III at auction over the last three years was $150,160. 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 9 1973 MG Midget Mk IIIs sold at public auction.
The most recent auction sale of a 1973 MG Midget Mk III was $240,107 on December 16, 2024 by Collecting 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.