Cars / Mazda / MX-5 MiataLive

✦ Shifty Estimate

$12,700

▲ 16.0% · 12 mo

High confidence$6K to $18K

12 months median: $11K
Sales, 12 months: 65
Original MSRP: $20,995 · ▼ 40% since

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1998 Mazda MX-5 Miata

1998 to 2005 · Convertible

Price history

Sold Bid, not sold

128 sales · 11 unsoldmedian $11kupdated Sep 2026

Recent sales

229 sales

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 Miata cost?

A 1998 Mazda MX-5 Miata cost $20,995 new. Over the past 12 months, 65 have sold publicly at a median of $11,250. The Shifty Estimate for a well-kept example is $12,700. Cars have changed hands anywhere from $6,325 to $18,250, depending on mileage, color, and history.

What is a 1998 Mazda MX-5 Miata worth today?

The Shifty Estimate is $12,700, up 16.0% over the past 12 months. Confidence is high: 65 public sales in a year gives a firm read.

Is a Mazda MX-5 Miata a good investment?

It has depreciated 40% against its $20,995 list price. Values are up 16.0% over the past 12 months. The caution is spread, not direction: across the sales we have on file, prices ran from $3,600 to $69,777, and mileage explains most of that.

What has a Mazda MX-5 Miata sold for at auction?

The 3 most recent public sales we have on file:

$9,099Sep 3, 2026Emerald Mica · 10,000 mi
$8,700Sep 2, 2026Titanium Gray Metallic · 57,000 mi
$7,766Aug 18, 2026Sunlight Silver Metallic · 34,000 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.

More Mazda in the market

2006 Mazda MX-5 Miata$13K 1989 Mazda MX-5 Miata$12K 1978 Mazda RX-7$12K 1986 Mazda RX-7$11K 2003 Mazda RX-8$10K 1988 Mazda RX-7 Convertible$10K