Mazda MX-5 Miata (ND) Market Analysis — June 2026
Executive Summary
The Mazda MX-5 Miata (ND) market is currently stable, with a year-over-year price increase of 2.4%. The data indicates a consistent demand for this model, particularly in the 2019 and 2016 model years. An actionable insight is to focus on acquiring models from these years, as they are likely to yield better resale values.
Market Snapshot
- Current inventory: 563 active listings
- Median asking price: $24,771 (historical median: $25,500)
- Price trend: Stable (2.4% YoY)
- Market velocity: 43 days average time on market
PRICE TRENDS & APPRECIATION
Analyzing the quarterly trends, the market for the Mazda MX-5 Miata has shown stability with slight fluctuations in median prices. For instance, in 2025-Q2, the median price was $24,485, while it increased to $26,500 in 2026-Q2. This represents an appreciation of approximately 8.2% over the last year. The average price in recent quarters has remained around the mid-$24,000 range, indicating a stable market without significant depreciation.
Auction Market Dynamics
The sell-through rate stands at 81.6%, indicating a healthy market where a majority of vehicles sold at auction. The median price for sold vehicles is $26,000, compared to a median high bid of $22,000. This gap suggests that while buyers are willing to pay up to $22,000, sellers may have higher expectations, leading to a reserve gap. The ratio of sold to unsold/high_bid (231 sold vs. 76 last asking and 52 high bids) indicates that sellers are generally achieving sales, but some listings may be overpriced.
Configuration Value Guide
The body style breakdown shows that the Convertible configuration is the most common, with 77 listings averaging $20,887 and a median price of $20,500. The Coupe configuration, though rare with only one listing, has a higher average price of $25,088. This suggests that while Convertibles dominate the market, the Coupe may command a premium due to its rarity.
Mileage Impact
Mileage significantly impacts pricing. Vehicles with under 50,000 miles average $25,895, while those with 50,000 to 100,000 miles average $19,329, and vehicles over 100,000 miles average $14,856. Buyers are willing to pay a premium of approximately $6,566 for low-mileage vehicles compared to those with over 100,000 miles.
Regional Pricing
Geographic distribution indicates that the West has the highest number of listings (271) with an average price of $23,626. The Midwest has the highest average price at $26,925, suggesting potential arbitrage opportunities for buyers in the West or South, where prices are lower.
Market Health Indicators
The average days on market is 43, with a median of 31 days, indicating that listings are selling relatively quickly. However, the presence of 212 listings with price reductions suggests that some sellers may be adjusting their expectations to meet market demand. The introduction of 88 new listings this week indicates a steady supply of vehicles.
Investment Outlook
Given the stable trend direction and slight appreciation in prices, the Mazda MX-5 Miata (ND) appears to be a stable asset class. The consistent demand, particularly for specific model years, suggests that this vehicle may hold its value well over time.
Buying Recommendations
For potential buyers, targeting the 2019 and 2016 model years is advisable, as these have shown the highest sales volumes and likely better resale values. Aim for vehicles with under 50,000 miles to maximize investment potential. Be cautious of listings with high asking prices, particularly those that exceed the median sold price of $26,000, as these may indicate unrealistic seller expectations.
This analysis is generated from CarSearch.Pro's market database (360 historical sales, 563 active listings across 14 marketplaces) and refreshed automatically. It is market commentary, not financial advice.