March, April and May have seen a flurry of activity with really strong sales. I have to say that most of my cars are selling very quickly, usually before they are even advertised or listed on here. Its almost worrying: not only are good cars commanding strong money, but there are so few really good cars even available these days. The interest in Mk1s in particular continues to go from strength to strength, helped by various articles appearing in car magazines and online, predicting how collectable they will become/are already becoming. I regularly chat with other MX5 specialists up and down the country and the general consensus is the the UK is one of the cheapest places in the world to buy a Mk1. Certainly the prices are very high in Europe and good cars are making really outrageous money in Japan. Even in the USA where so many Mazdas were sold, prices are much higher than here.
As MK1 prices continue to climb, they are dragging up the price of good MK2s with them and this is also due to the fact so many people are realising how good they are to drive. The immediate problems with the Mk2 market though, are that:
1. Around 85% are rusty as hell, with the severity of rust being anywhere from just a few bubbles right up to cars that are so bad that you wouldn't even want to drive them for fear of impending collapse.
2. There are still thousands out there, probably tens of thousands actually and prices for rough ones are still very low which tends to taint the whole market. The poor ones will be being scrapped at a fairly high rate so eventually the pool of good cars will become smaller but that day is certainly still some way off.
It doesn't leave many that are actually worth buying. In my experience, the earliest cars were better built while the last of the Mk2.5s (may be from 2003-2005) - despite having an excellent specification with lots of toys - were by far and away the worst in terms of corrosion. A good early 1.8 in the original launch colour of Evolution Orange Mica could be a very collectable car in future.
The hillclimb and sprint season has just started and I'm competing in various Scottish rounds in my MK2.5 SVT Sport. The first round was, well, interesting. A report on this will appear in the 'My Hillclimb Exploits' section on here very soon.
As ever, I'm still using Facebook to give regular and quick news updates so please check out my pages on there: there are links on the 'Links' page here.