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Price opinion from advertisements and recorded sales. Not an inspection or a certified valuation.
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Reference photograph of a Mazda MX-5 NA 1.8
Valuation · Mazda · NA8 · 1994-97

Mazda MX-5 NA 1.8

1.8L NA four · 98 kW / 155 Nm · 5sp manual · RWD
BUYRated within the under $30k band · 5 of 46 at this money
Model value
$19,500
Must gain each year to break even
+13.0%
The projection does not clear it, and nor does most of the library.
CarQuant score
52/100
Scored against the under $30k band, not the whole library
Evidence grade
Thin
One to three recorded Australian sales
$19,500
$17,852 lowhigh $30,186
Calibrated to a thin record
$8,000low
$35,000high
One counted Australian auction result. Asking prices for NA8 cars span $8,000 to $35,000 across all conditions
Measured across this library, a value resting on a single Australian result runs high about six times in ten, by a median of five per cent.

Looking at an MX-5 for sale?

Put in the asking price and the odometer reading. You will see what this model should make at that reading.

Should make, typical example
$19,500
At about 160,000 km. Enter an asking price to compare.

Odometer only. Colour, options, history, condition and the photographs move it further, and that is what the report reads.

A person reads the advertisement and its photographs. Usually back within 48 hours. Read a real listing report

Price history

Today $19,500 · modelled median at five years $24,636
Solid line: the value this library has carriedDashed from 2026: modelled · even money $21,068 to $27,555
The green band is the even-money range and the one to plan on: half of outcomes land inside it. The pale band behind it bounds eight in ten ($17,852 to $30,186). The path is this model's own: it starts along the momentum of its recorded history and bends toward its projected median as the horizon lengthens, so no two cars share a future curve.

The verdict

Strong within its price band. Scores 52/100, ranking 5 of 46 in the under $30k band. Liquidity is the strongest input, scarcity the weakest.
Running it costs about $2,870 a year (14.7% of value), which is what the economics score measures. All in, including the projected value change, it is $2,139 a year.
The model's five year median is $24,636, a +26.3% move, with the tenth percentile at $17,852.
Value calibrated to a thin record. Treat the level as provisional.
Evidence
Thin1 recorded sale
Off its peak
at peak
Value band
wide
At least one recorded transaction plus a source. Direction is sound, the exact level less so.
Scored against every recent Australian sale this library holds, half its values land within 11.2 per cent of the price paid and the rest miss by more, in either direction. Projections are therefore damped toward flat in proportion to how little is known, and the plausible band is never narrower than the error the model is known to make.
Short term (1-5 years)$2,139 a year all in, +26.3% median value move
Long term (10-15 years)Scarcity case already formed
Negotiate from$19,500

Recorded sales

Every recorded observation, and when
2 rows on record
$20k$19k$18k
20252026
the value this record published, year by yearnow $20ksoldcontext, excluded1 row sits off this scale. Open the list below to see them.
Every row, with its price and note (2) ↓
Mar 2026Collecting Cars$22,600Context, excluded
SOLD. 25 Mar 2026, Guildford NSW, 43,900km. The source does not state the build year or the engine, so whether this is a 1.6 NA6 or a 1.8 NA8 is not established. Context only until it is
Oct 2024Collecting Cars$18,000Sold
SOLD. 10 Oct 2024, Springwood NSW, 209,274km from new. 1993 build first registered March 1994, Clubman Edition - Bilstein dampers, Torsen differential, chassis bracing, Nardi wheel - third owner from new, ten Supersprint events and a 1:55 at Sydney Motorsport Park. Fully rebuilt, blueprinted and balanced engine at 200,000km, BC coilovers, Bride buckets, roll bar, Buddy Club wheels, original stamped logbooks and a dyno sheet. The only counted result this record has, and not a standard car
1 completed Australian sale of 2 rows. Rows marked asking, no sale, or context are shown for honesty but do not count toward the evidence grade: an ask is not a transaction, a pass-in is a refusal, and a provenance or overseas result does not price the ordinary local car. The badge on every row is computed by the same rule as the grade, so the two cannot drift apart.

Score breakdown

Against the under $30k band median
46 cars in band · ink tick marks the median
Ownership economics30% of total
43/100+8
Scarcity25% of total
37/100-4
Demand durability20% of total
63/100+7
Liquidity15% of total
72/100+13
Risk resilience10% of total
64/100+27
Sub-scores run 0-100 before weighting; the weighted total is 52/100. Medians are computed live from the 46 cars currently in the under $30k band, so this picture moves when the library does.
The working behind each factor: baseline and drivers ↓
Ownership economics30% weight
43/100
Baseline80 pts
− 14.7% of value a year to run-37 pts
Sub-score (baseline plus drivers, clamped 0-100)43 pts
Scarcity25% weight
37/100
Baseline10 pts
+ 640 estimated Australian survivors of 1,923 delivered, rust thinning stock+27 pts
Sub-score (baseline plus drivers, clamped 0-100)37 pts
Demand durability20% weight
63/100
Baseline30 pts
+ Global classic status confirmed+25 pts
+ Entry classic for two generations+8 pts
Sub-score (baseline plus drivers, clamped 0-100)63 pts
Liquidity15% weight
72/100
Baseline10 pts
+ 41 days on market+44 pts
+ 240 sales a year+18 pts
Sub-score (baseline plus drivers, clamped 0-100)72 pts
Risk resilience10% weight
64/100
Baseline90 pts
− Rust in sills and arches-14 pts
− One counted sale behind the value-12 pts
Sub-score (baseline plus drivers, clamped 0-100)64 pts
Model output, not advice or a valuation. Verify independently before acting.

What it costs to own · about 5,246 km a year

Annual cost of access, excl. fuel
$2,870a year
Share of value per year
14.7%
Scheduled servicing$52018%
Tyres, annualised$48017%
Registration and CTP$75026%
Insurance$64022%
Sinking fund (failure table)$48017%
All-in annualised (a different number)
Purchase (model value plus duty)$20,280
Running costs × 5 years$14,350
Median exit, net of selling cost$23,936
All-in annualised over 5 years$2,139/yr
Share of value per year11.0%
Cost of access is what the car costs to run. All-in annualised adds depreciation, duty and selling costs across a five year hold. They answer different questions and are labelled separately for that reason.
Break-even appreciation, 5 year hold
13.0%a year, only to get the money back
This library projects
+4.8%a year
The projection falls 8.2 points a year short of the hurdle. On these assumptions this car is a cost, not an asset, which can be an entirely rational thing to buy but should be bought knowing it.
Purchase$19,500
Stamp duty$780
Running costs x 5 years$14,350
Selling cost at exit, 3.6% of the salescales with price
Sale price needed at +5 years$35,919
Storage
Bought at
No forecast is used to compute the hurdle. It is the purchase, the duty, any premium and 5 years of running cost, grossed up for the cost of selling and spread back over the hold. The projection it is measured against is the weakest number in this product and is drawn that way in the chart above. Transport, finance and any restoration spend sit outside it.

Specification

Engine1.8L NA four
Power / torque98 kW / 155 Nm
0-100 km/h8.7 s
Transmission5sp manual
DriveRWD
Kerb weight990 kg
Built worldwide195,000
Delivered to Australia1,923
Effective AU survivors640
Australian sales / year240
Typical days on market41 days
Launch price$39,950

What moves the price on this model

Colour hierarchy
Classic Red+3%
Merlot+2%
White-1%
Options
Factory hardtop+6%
Torsen LSD+3%
Clubman numbered plaque verified+8%
Australian-delivered rather than a Japanese import+8%
Original paint, never resprayed+5%
Stamped logbooks from new+6%
Unmodified engine, never rebuilt+7%
Odometer sensitivity±1.1% per 10,000 km vs 160,000 km
Applied on top of these

Condition, history, originality, ownership, delivery and modification multipliers apply to every car in the library. They are applied automatically when an advertisement is analysed, and the schedule is set out once, on the analyser page.

Projected value in five years

Projected value at five years
$24,636
+26.3% on today
The model's figure. Today it is $19,500.
Even odds it lands between $21,068 and $27,555.
$17,852 lowhigh $30,186
The shaded range is even money and 31% wide; the outer figures bound eight outcomes in ten. Band width follows the evidence - a model with a tight measured record carries a tight band.
A stronger five year outlook than 92% of the library.
-26.6% weakest projected move in the librarystrongest +73.1%
Five-year cost of ownership
Value change alone: +$5,136 across five years.
Running costs over the same period: $14,350.
Duty and expected selling costs: $1,480.
Net cost of five years of ownership: $10,695, or $2,139 a year.
The projected value rise offsets part of the running cost. It does not make the car free to own.

The case for and against

The case for

The NA done properly: the 1.8 answered the one complaint about the 1.6, and the Clubman added Bilsteins and a Torsen differential. Clean unmodified NA8s appreciated 55 per cent in eight years and attrition continues.

The case against

This record has one counted Australian result and it is a rebuilt track car. Until a standard NA8 sells here the value is an estimate, and only rust-free, stock, hardtop cars carry the premium in any case.

Known faults and risks

Risk 1Structural rust
Risk 2Crash-damaged rebuilds
Risk 3Modified cars worth 25% less
Risk 4The value rests on one sale
Sill rust repair$3,500
Crank nose wear (1.6 issue, check anyway)$1,200

Similar cars, and what they cost to run

Evidence behind this valueThin · 1 recorded sale
Carried value
$19,500
Historical price
2016 · $9,5002026 · $19,500
Thin
At least one recorded transaction plus a source. Direction is sound, the exact level less so.
One counted Australian sale, and this record used to claim six

The lot pages give a build year and an engine size for every result, and read back against this entry four of the six were 1.6-litre NA6 cars from 1989 to 1992. This record describes the NA8, the 1.8-litre car built from 1994. They have been moved to the MX-5 NA 1.6 entry, which now exists because of this.

Read the rest of the evidence notes (5 more)
The row that carried the old conclusion was the worst of them

The evidence note here previously opened by saying the correlation between distance and price was PLUS 0.32 - the wrong sign, not merely weak - on the strength of a $27,250 result at 382,754 kilometres. That car is a 1990 1.6 rebuilt in 2020 with a replacement turbocharged engine, an NB six-speed, Wilwood brakes and a full respray, making 165kW against 86kW standard. It is dear because somebody spent more than the car is worth on it, and it was never evidence about kilometres or about the 1.8.

What is left is one sale

$18,000 at Springwood, New South Wales in October 2024, for a 1993-built Clubman first registered in March 1994, at 209,274 kilometres. The Clubman is the top NA8 trim - Bilstein dampers, a Torsen differential, chassis bracing, a Nardi wheel - and this one has competed in ten Supersprint events, carries a fully rebuilt and blueprinted engine, Bride buckets, a roll bar, BC coilovers and aftermarket wheels. A rebuilt track car in the best trim is not a standard NA8 either, and it is the only counted result this record has.

The value is therefore a research estimate, not a measurement,

And it is stated at a premium to the 1.6 rather than derived from transactions: the 1.8 brought a materially stronger engine, the Torsen differential and later build quality, and the 1.6 record now sits at $15,500 on three results.

The distance term is carried from the 1.6

At 1.1 per cent per 10,000 kilometres, because this record has no pair of its own to measure. It is an assumption and is marked as one.

A second row is held as context

$22,600 at 43,900 kilometres from Guildford, New South Wales in March 2026, where the source does not state the build year or the engine, so which generation it belongs to is not established. SOURCING: the Springwood result is read from the Collecting Cars lot page. Replace the estimate with a published figure the moment a standard NA8 sells.

This page prices the model.
The report prices the car in the advertisement.

Send the link. A person reads the advertisement and its photographs and sends back what that Mazda MX-5 NA 1.8 is worth, what to offer and when to walk away, with five years of costs at the distance you drive.

Read a real listing report

The evidence on this model is thin and the report says so on its cover. Read a complete one on a real car first. Seventeen sections, no account, nothing to pay.

This model, today$19,500
Half of sales are further out than$2,180
The report$249
9×
the price of the report: what half of real sales of this model sit further from this page's number than, on this car
Watch this model
Told when the next one is called.

One line of email when this desk publishes a call on a Mazda MX-5 NA 1.8, or records a new Australian sale of one. Nothing else, no schedule, and on a quiet model you may hear nothing for months, which is itself worth knowing about a car you are chasing.

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MX-5 for sale?Priced by a person, $249