1962 Triumph Spitfire Mk I

2dr Roadster

4-cyl. 1147cc/63hp 2x1bbl

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

$7,700*

+5.5%
#4 Fair condition#4 Fair
Value Graph07/2410/2401/25$2k$4k$6kApr 2025

Forecasted valuesBeta

We have forecasted how much values for the 1962-1980 Triumph Spitfire will change over the next year.
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1962-1980 Triumph Spitfire stats
Highest sale
$84,700
Lowest sale
$1,454
Most recent sale
$8,662
Sales
335
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Model overview

Model description

When the Triumph Spitfire roadster appeared at the 1962 Earls Court Motor show in London, it carried a heavy burden in its home country. The Supermarine Spitfire fighter plane captured the imagination of the free world during the Battle of Britain in 1940, and the name was something of a national treasure. Could a tiny sports car do it justice?

In the long run, the answer was yes. The Spitfire endured until 1980 with five variations, and easily outsold in its British Leyland rivals the Austin-Healey Sprite and MG Midget with 314,332 produced in all. Only the MGB roadster topped it, with 386,961 sold over the same time period.

The Spitfire’s styling derived from the able pen of Italian designer Giovanni Michelotti, who styled most Triumph products in the 1960s and was known for his ability to produce a running prototype while his colleagues were still discussing the idea down at the pub.

The design evolved from the Triumph Herald sedan of 1956-57, with a shortened separate backbone chassis. Despite the success of the Herald, Standard-Triumph was broke in 1959, in part due to a nationwide credit crunch, and it was only the company’s purchase by Leyland in November 1960 that saved the Spitfire – codenamed “bomb” during development.

It was an ingenious design. The Spitfire’s tilt nose resembled the Jaguar E-Type and made for exceptional engine access, while the 25-foot turning circle could match a London taxi. The gauges were centrally mounted, which simplified LHD construction for the important American market, and parcel shelves were located underneath the dash board, on each side.

Unlike the Herald, the Spitfire body was welded instead of bolted together and therefore quite rigid. It featured cut-down doors, wind-up windows (unlike the MGA, MG Midget/Austin-Healey Sprite and Triumph TR3), rack-and-pinion steering and front disc brakes. It was longer than the Midget and Sprite, larger and more comfortable inside, and with a bigger trunk. However, the rear swing-axle rear suspension led to wicked handling under hard cornering, and that would plague both the Spitfire and Herald until it was redesigned in 1970.

The first Spitfires debuted as 1963 models and were low, even by British sports car standards. Drivers who parked carelessly found that even casual contact could twist the entire nose of the car, so it wouldn’t latch. The Spitfire was powered by a modified Herald engine with twin S.U. carburetors. It produced 63 bhp at 5,750 rpm, top speed was 92-93 mph, and 0-60 mph came up in 15.5 seconds. The roadster was introduced to the U.S. at the 1962 Chicago Auto Show, priced at $2199 and American Triumph sales climbed 25 per cent in the first year.

In September 1963 a good-looking hardtop was offered with a curved back window and both roadster and hardtop cost $2349. Centerlock wire wheels and an overdrive were offered in 1964. In all, 45,753 Spitfire Mk I’s would be sold before the Mk II appeared in 1965.

Competition success bolstered Spitfire sales figures too. David Hobbs and Rob Slotemaker took a third in Class and 21st overall at Le Mans in 1964 with a fiberglass fastback coupe and Slotemaker teamed with Terry Hunter for a class win in the 1964 Tour De France behind a raft of Ferraris and Porsches. Spitfires also won three SCCA Divisional titles.

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Common Questions

The value of a 1962 Triumph Spitfire Mk I can vary greatly depending on its condition, mileage, options, and history. Typically, you can expect to pay around $7,700 for a 1962 Triumph Spitfire Mk I in good condition with average spec.

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, ©2025 The Hagerty Group, LLC. All Rights Reserved. The Hagerty Group, LLC is a wholly owned subsidiary of Hagerty, Inc.

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