MG - Midget (1961)

Discover the MG Midget price landscape with a deep dive into the classic 1961 model—an icon of British automotive history. Whether you’re a collector, a hobbyist, or simply curious about one of the era’s most beloved little cars, understanding the MG Midget 1961 price and its market behavior is essential. These vintage sports cars retain allure, but their value fluctuates with condition, mileage, and provenance. Below you’ll find a comprehensive snapshot: key specifications, depreciation trends, and comparison points to help you gauge what used MG Midget price you might expect and answer the perennial question—what is a 1961 MG Midget worth today?

• Model & Year: MG Midget Mk I (1961)
• Engine: 1.0L (982 cc) four‑stroke Pinto 4‑cyl
• Power: 30 hp (22 kW) @ 4800 rpm
• Transmission: 4‑speed manual (front‑shifting)
• Fuel Type: Petrol (gasoline)
• Drivetrain: FWD (front‑engine, front‑wheel drive)
• Dimensions: Length ≈ 3.29 m (129 in); Width ≈ 1.34 m (53 in); Height ≈ 1.26 m (50 in)
• Wheelbase: 1.98 m (78 in)
• Weight: 430 kg (947 lb) curb
• Top Speed: ~100 km/h (62 mph)
• Fuel Tank: 12 L (3.2 gal) capacity
• Suspension: Independent front (double wishbones); Solid rear axle with leaf springs
• Brakes: Mechanical drum brakes (front and rear)
• Body Style: 2‑seat roadster (open‑top)
• Notable Features: Classic MG porthole windows, hallmark checkered leather seats (when found), and the iconic silvered rear fin for early 1961s models.

When consulting the used MG Midget price range, buyers quickly learn that the car’s valuation hinges on several key factors: originality of parts, paint quality, mechanical condition, and any restorations performed. More recently, lists for well‑maintained 1961 examples range from approximately £2,500 to £5,500, with alterations or non‑standard paint jobs adding a premium of 10–15 %. It’s worth noting that each car’s specific history greatly influences its market value—auction results, dealer inventories, and anecdotal recitations all play a part.

Depreciation Insight: MG Midget 1961 Values Over Time

MG Midget depreciation behaves differently from contemporary vehicles. In the first few years after production, the Model’s value might have actually increased due to limited supply. However, post‑1970s the classic market started adding maturity and desirability, causing a gradual value rise associated with rarity and nostalgia.

• First Year (New): Typically loses 15‑20 % of its initial market value when freshly produced.
• 5‑Year Mark: Value holds or slightly increases, especially if the car stays in excellent mechanical condition.
• 10‑Year +: Appreciation by 20‑35 % compared to original purchase price, driven by collector demand and historical significance.
• Current Depreciation Trends: Current used MG Midget price is more reflective of rarity; a pristine condition 1961 model may fetch up to 1.5 times its initial retail price.

To evaluate “what is a 1961 MG Midget worth,” consider that a carbon‑fiber bodied or extensively modified example can exceed the more modestly priced stock versions. A typical 1961 MG Midget, with original build and minimal mileage, sits on a scale that supports an appreciation figure of +30 % compared to its retail price, yet any alloy paint or aftermarket enhancements: often adjust the price upward by another 5–10 %.

Comparison Context: How Does the 1961 Midget Stack Up?

---

Last 20 car trackeds