1974 Triumph Spitfire 1500

2dr Convertible

4-cyl. 1493cc/57hp 2x1bbl

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

$7,300*

+7.4%
#4 Fair condition#4 Fair

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Value Graph04/2407/2410/24$2k$4k$6kJan 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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**Figure based on a stock 1974 Triumph Spitfire valued at $7,300 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

Faced with increasing U.S. emissions requirements and reduced compression ratios to deal with the upcoming lead-free gasoline, Triumph redesigned the Spitfire engine and increased the size to 1493 cc at the start of 1973. The diminutive roadster sold as the Triumph Spitfire 1500 from 1974 through the end of production.

The price rose to $2995 but the new motor bought 100 mph back in reach. Even with a 7.5:1 compression ratio it developed 57 bhp at 5000 rpm and Road & Track noted it was “a marked improvement over the past model,” recording 0-60 mph in 15.4 seconds and a top speed of 94 mph. “Of all the cars in the class, the Spitfire is probably the best,” it said.

The interior was redesigned with new seats and separate headrests, new instruments and walnut paneling on the dash. A smaller 3-spoke steering wheel improved knee room for the driver and inertia reel seatbelts were installed. A handsome steel hardtop was optional, but even bolt-on wire wheels were history. Radial tires were optional, as was overdrive on the all-synchro 4-speed.

Big rubber blocks came to the bumpers for 1974 along with a front spoiler. A new singe-rail transmission was added with better chosen gear ratios, intended to eliminate the need to change to close-ratio gears for competition. The Spitfire received its own version of the MGB “rubber bumper” in 1975 to handle 5-mph impact regulations. Though it was hefty, it was cleaner than the rubber bumpers stuck onto the MGB and Midget. Radial tires were now a no-cost option and California cars had catalytic converters.

Outside California, the 1976 Spitfire was still available with a 9:1 compression ratio which meant 71 bhp, up to 37 mpg, and considerably more performance. Further efforts were made by Triumph in 1977 with a new carburetor, redesigned cylinder head and intake and exhaust manifolds. The dashboard switches were changed to column stalks the same year and the seats were redesigned with houndstooth inserts. The steering wheel shrank still more, to 13.5 inches and the ignition switch moved to the steering column. The price was now $4500 and it would jump a further $600 in 1978, to $5150.

The last two years of production saw 5-inch wheels and a padded steering wheel, while the bumpers were moved away from the body and horsepower slipped again, to 52.5 bhp. By the time Triumph Spitfire production ended in August of 1980, 95,829 Spitfire 1500s had been built since 1973, with 62,471 of them sold in the U.S. The last Triumph Spitfire sold for an eye-watering $7365.

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Common Questions

The value of a 1974 Triumph Spitfire 1500 can vary greatly depending on its condition, mileage, options, and history. Typically, you can expect to pay around $7,300 for a 1974 Triumph Spitfire 1500 in good condition with average spec.

The highest selling price of a 1974 Triumph Spitfire 1500 at auction over the last three years was $12,075. 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 1974 Triumph Spitfire 1500 at auction over the last three years was $12,075. 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 1974 Triumph Spitfire 1500s sold at public auction.

The most recent auction sale of a 1974 Triumph Spitfire 1500 was $12,075 on April 05, 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, ©2025 The Hagerty Group, LLC. All Rights Reserved. The Hagerty Group, LLC is a wholly owned subsidiary of Hagerty, Inc.

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