Mazda MX-5 Miata (NA) Market Analysis — June 2026
Executive Summary
The Mazda MX-5 Miata (NA) market is currently stable, with a year-over-year price change of 1.5%. The data indicates a consistent demand for this classic vehicle, particularly from the early 1990s models. An actionable insight is to focus on listings from 1990 and 1991, as these years have the highest sales volume and median prices.
Market Snapshot
- Current inventory: 168 active listings
- Median asking price: $11,250 (historical median: $11,000)
- Price trend: Stable (1.5% YoY)
- Market velocity: 49 days average time on market
PRICE TRENDS & APPRECIATION
The quarterly trends indicate a stable market with slight fluctuations in prices. For instance, in 2025-Q4, the median price dropped to $9,000, while in 2026-Q1, it rebounded to $12,000. The average price in 2026-Q2 was $12,807, suggesting a recovery from the previous quarter. Overall, the market appears to be appreciating slightly, with recent sales prices aligning closely with current asking prices.
Auction Market Dynamics
The sell-through rate stands at 92.5%, indicating a healthy auction environment. The median price for sold vehicles is $10,800, while the median high bid is $11,250, revealing a reserve gap where sellers may have unrealistic expectations. The ratio of sold to unsold vehicles suggests that buyers are willing to pay close to the asking prices, but sellers may need to adjust their expectations to facilitate sales.
Configuration Value Guide
The body style breakdown shows that the Convertible configuration is the most common, with 24 listings averaging $7,639. In contrast, the Roadster configuration commands a higher average price of $15,259, indicating a premium for this style. The price by year analysis reveals that the 1996 model has the highest average price at $20,681, followed by the 1991 model at $13,129, suggesting that specific years and configurations are more desirable.
Mileage Impact
Mileage significantly impacts pricing. Vehicles with under 50,000 miles average $18,705, while those with over 100,000 miles average only $9,358. This indicates that buyers are willing to pay a premium of approximately $9,347 for low-mileage vehicles, highlighting the importance of mileage in valuation.
Regional Pricing
Geographic distribution shows that the West region has the highest average price at $13,443, while the Northeast has the lowest at $8,856. This suggests potential arbitrage opportunities for buyers in the Northeast looking to acquire vehicles from the West, where prices are comparatively higher.
Market Health Indicators
The average days on market is 49, with 26 new listings this week and 33 listings with price reductions. This indicates a relatively stable supply, but the presence of price reductions suggests that some sellers may be struggling to meet market expectations. The high sell-through rate further supports a healthy market environment.
Investment Outlook
Given the stable trend direction and slight appreciation observed in recent quarters, the Mazda MX-5 Miata (NA) remains a viable investment. The consistent demand for early models suggests that this asset class may continue to appreciate, making it a hold recommendation for current owners.
Buying Recommendations
Potential buyers should focus on 1990 and 1991 models, which have shown strong sales and median prices. Target price ranges between $10,000 and $15,000 appear to offer good value, particularly for well-maintained vehicles with lower mileage. Buyers should be cautious of listings with high asking prices that exceed recent sales data, as these may indicate sellers with unrealistic expectations.
This analysis is generated from CarSearch.Pro's market database (686 historical sales, 168 active listings across 14 marketplaces) and refreshed automatically. It is market commentary, not financial advice.