Mazdaspeed MX-5 Miata Values
In order to establish some sense of what MSMs sell for these days a survey was performed among owners within the Registry in 2016 and I had approximately 50 responses received at the time which although sounds like a small sample size it easily represented a far amount of transactions completed in the last few years. The database has grown and figures fluctuate as more data is accumulated so this page is updated periodically to reflect any changes.
The chart below is comprised of total average national sales of MSMs during the year indicated. These averages were tabulated using actual sales figures provided by Buyers/Sellers of vehicles sold in Canada during the year indicated. They do not in any way represent ALL sales of MSMs during a particular year. Sales Values naturally are affected by many factors such as condition, mileage and geographical location.
One thing noticeable is the values have fluctuated very little over the previous four years and there are still some good deals to be made. There was one car in Calgary that sold for $4 K and another in Ontario at $5 K in 2019.
Great stuff but both transactions had unique stories.
However, in 2020, the prices of the MSMs have exploded upward and are creeping closer to the $20K mark for those altra low miles cars. We had our first $20K sale in 2020 for just such a car.
Of the cars in the registry it appears most owners, being enthusiasts have taken excellent care of their MSM which should help stabilize values for the future even though the cars are getting older. Surprisingly, there are still quite a few cars out there with very low mileage (under 50,000 Km) AND a number of Original Owners still enjoying their MSM.
Average mileage in Kilometres on the sold vehicles for the past few years is as follows:
2014 - 65,000 Km
2015 - 76,000 Km
2016 - 82,000 Km
2017 - 88,000 Km
2018 - 59,000 Km
2019 - 86,000 Km (That's only less than 54 K miles in 15 years!)
2020 - 59,000 Km (Three very mileage cars have driven up prices)
Values in the USA are more difficult to track so I also took the past sales on Bring A Trailer for MSMs to compare the US and Canadian markets. Based on the BaT data only, it appears the values of the clean low mileage examples of the US MSM average is on par with their Canadian counterparts (including exchange).
However, when exchange rate is closer to par it is easy enough to say they are lower than in Canada providing the option for Canadians to import. Although the process is involved it isn't particularly difficult and nearly 23% of known MSM owners in Canada have gone that route.
Here is a snapshot of MSM Sales on Bring A Trailer, an on-line auction house based in the USA, provided without prejudice.
Remember these are in U.S. dollars.