Mazda MX-5 Miata (NA) Market Analysis — August 2026
Executive Summary
The Mazda MX-5 Miata (NA) market is currently stable, with a year-over-year price increase of 1.7%. The data indicates a consistent demand for this classic vehicle, particularly from the early 1990s models. An actionable insight is to focus on the 1990 and 1991 models, which have shown the highest sales volumes and reasonable price points.
Market Snapshot
- Current inventory: 171 active listings
- Median asking price: $11,500 (historical median: $11,100)
- Price trend: Stable (1.7% YoY)
- Market velocity: 64 days average time on market
PRICE TRENDS & APPRECIATION
Analyzing the quarterly trends, the market has shown stability with fluctuations in median prices. For instance, in 2026-Q1, the median price was $13,000, while it dropped to $11,100 in 2025-Q3. The most recent quarter, 2026-Q2, saw a median price of $11,914, indicating a slight recovery. Overall, the market appears stable rather than appreciating or depreciating significantly, with recent sales prices aligning closely with current asking prices.
Auction Market Dynamics
The sell-through rate stands at 93.4%, indicating a healthy auction environment. The median price for sold vehicles is $11,000, while the median high bid is $11,200, suggesting a minimal reserve gap. This indicates that sellers are generally realistic in their pricing expectations. The ratio of sold to unsold vehicles shows strong demand, with 640 sold compared to only 2 unsold, reinforcing the market's health.
Configuration Value Guide
From the body style breakdown, the Roadster configuration commands a premium, averaging $18,227 with a median price of $15,448. In contrast, Convertibles average $7,183 with a median of $6,000. The 1996 model year stands out with an average price of $17,572, indicating that specific configurations and years can significantly impact value.
Mileage Impact
Mileage analysis reveals that vehicles with under 50,000 miles command an average price of $18,757, while those with over 100,000 miles average $8,527. This indicates a premium of approximately $10,230 for low-mileage vehicles, highlighting the importance of mileage in pricing.
Regional Pricing
Geographic distribution shows that the West region has the highest average price at $12,660, while the Northeast has the lowest at $9,745. This presents potential arbitrage opportunities for buyers in lower-priced regions seeking to sell in higher-priced areas.
Market Health Indicators
The average days on market is 64, with 20 new listings this week and 34 listings experiencing price reductions. This suggests a balanced supply and demand scenario, although the presence of price reductions indicates some softness in demand. The high sell-through rate further supports a healthy market.
Investment Outlook
Given the stable trend direction and slight appreciation in prices, the Mazda MX-5 Miata (NA) remains a viable investment. The consistent demand for specific model years suggests that this asset class is likely to hold value over time, making it a reasonable hold recommendation for collectors.
Buying Recommendations
Potential buyers should focus on the 1990 and 1991 models, which have shown strong sales and reasonable pricing. Target price ranges for these models should be between $10,000 and $15,000, considering their historical performance. Buyers should be cautious of listings with high asking prices relative to the median, particularly in the Convertible category, where prices can vary significantly.
This analysis is generated from CarSearch.Pro's market database (713 historical sales, 171 active listings across 14 marketplaces) and refreshed automatically. It is market commentary, not financial advice.