Check out issue #10 of Total MX-5 – order your copy (with FREE UK postage) here…
From the Editor…
If you already own an MX-5 then the notion of buying one is a no-brainer: when you’ve got enough money you scour the classifieds and nab yourself your very own example of the world’s best-selling sports car. Simples… Yet there are some folk who are still sitting on the fence, wavering over whether or not to take the plunge. These are the people we have mainly aimed our cover story at: we want it to act as the shove that propels them into MX-5 ownership, gets them to become part of the great MX-5 community.
For each of the four generations of the car we’ve outlined why you might choose that particular model, and what are the main pitfalls you should be aware of when buying one. Our stories, which begin on p28, aren’t intended to be a definitive buying guide to each of the generations – that’s what the internet was invented for – they’re more of an encouragement to go out there and do it, buy an MX-5. And, if you are already an owner, perhaps we might inspire you to swap over into a different generation car – more likely, of course, is that you’ll add another model to your collection.
Now is a good time to buy. Or rather, it’s an expedient time to buy.
According to Hagerty, a company that runs a global database of classic car prices, early MX-5s have been the fastest appreciating classic car in the UK since April 2018, their values rising by 8.5%. That may not seem so spectacular judged against, say, the rocketing prices of air-cooled Porsche 911s a couple of years ago, but this year overall classic car values have grown only by 1.07%: compared with that figure, the MX-5 has been a star performer.
Of course, rising values bring with them the danger of pricing genuine MX-5 enthusiasts out of the market, and that would be a great pity. On the other hand, cars that once would have been broken for spares or crushed, may now be spared, the cost of their restoration potentially being offset by the higher return at sale time.
Talking of restoration costs, just take a read of our story on the Mazda factory’s Roadster Restoration Programme in Japan – it starts on p20 – and marvel at what some people are willing to pay. I won’t reveal the sums involved (I really want you to read the piece) but they’re breathtaking. Yet Mazda claims it’s not making a profit, being content to just keep mk1s rolling and their passionate owners happy.