✦ Shifty Estimate
$13,100
▲ 13.8% · 12 mo- 12 months median
- $11K
- Sales, 12 months
- 51
- Original MSRP
- $20,995 · ▼ 38% since
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1998 Mazda MX-5
1998 to 2005 · Convertible
Price history
Recent sales
51 sales on file
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Specifications
- Engine
- Inline-4, 1.8L
- Power
- 140 hp
- Torque
- 119 lb-ft
- 0 to 60
- 8.6s
- Top speed
- 118 mph
- Transmission
- Manual
- Drivetrain
- RWD
- Original MSRP
- $20,995
Common questions
How much does a Mazda MX-5 cost?
A 1998 Mazda MX-5 cost $20,995 new. Over the past 12 months, 51 have sold publicly at a median of $11,250. The Shifty Estimate for a well-kept example is $13,100. Cars have changed hands anywhere from $6,300 to $19,205, depending on mileage, color, and history.
What is a 1998 Mazda MX-5 worth today?
The Shifty Estimate is $13,100, up 13.8% over the past 12 months. That sits above the $11,250 median of actual sales because the median counts every car that sold, including high-mileage examples, while the estimate describes a clean, low-mileage one bought today. Confidence is high: 51 public sales in a year gives a firm read.
Is a Mazda MX-5 a good investment?
It has depreciated 38% against its $20,995 list price. Values are up 13.8% over the past 12 months. The caution is spread, not direction: across the sales we have on file, prices ran from $5,750 to $21,500, and mileage explains most of that.
What has a Mazda MX-5 sold for at auction?
The 3 most recent public sales we have on file:
- $21,500Jul 31, 2026Titanium Gray Metallic · 21,200 mi
- $18,750Jul 27, 2026Sunlight Silver Metallic · 16,000 mi
- $9,305Jul 22, 2026Mahogany Mica · 79,600 mi
The second-generation MX-5 (NB) represents Mazda's refinement of the lightweight roadster formula that revived the sports car segment. Building on the original NA's success, the NB added structural rigidity and more sophisticated suspension while maintaining the pure driving experience that made its predecessor legendary. The 1.8-liter twin-cam four produces 140-155 hp depending on year, paired with either a crisp 5-speed manual or optional 4-speed automatic. Key improvements include a limited-slip differential, larger brakes, and better NVH control. The NB's cleaner styling aged gracefully, and today these cars are increasingly appreciated by collectors who missed out on earlier examples. Clean, unmodified NBs with maintenance records are becoming harder to find as drift culture and track day enthusiasm have claimed many. The sweet spot for collectors remains the 2001-2005 models with the stronger VVT engine and six-speed transmission option.