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How much did they sell for?

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marksmithhfx Avatar
marksmithhfx Gold Member Mark Smith
Halifax, Canada   can
1974 MG Midget MkIII "Midge"
I'm curious how much my '74 Midget would have sold for back in 1974. Anyone know? I am particularly interested in CDN prices, but I can probably find the appropriate conversion value if all you know is US/UK/AU or other currency amounts. Thanks

Andy74 Avatar
Andy74 Andy Jamieson
Sherwood Park, Alberta, Canada   can
Looks like they started at £1033.18

http://www.productioncars.com/vintage-ads.php/MG/Midget

marksmithhfx Avatar
marksmithhfx Gold Member Mark Smith
Halifax, Canada   can
1974 MG Midget MkIII "Midge"
In reply to # 2113810 by Andy74 Looks like they started at £1033.18

http://www.productioncars.com/vintage-ads.php/MG/Midget

Thanks Andy... I really had no idea what they were selling for back then.

The exchange rate GPB/US was about 2.4 in 1974 so if my math is correct about $2,500 (US or CDN since the exchange rate between the two dollars was about par in '74). In 2012 dollars (factoring in inflation) that is about $11,500. So in 2012 I paid a little less than 1/2 of what the car originally sold for. That is very impressive value retention. The typical new car is worth 1/2 its original value in just a few years.

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Andy74 Avatar
Andy74 Andy Jamieson
Sherwood Park, Alberta, Canada   can
I wish they still made cars like these, at that price. But more so, I wish they still made ads like these! I've looked at a lot of old MG ads and they have the sexiest women in them. Clearly targeted at young males. thumbs up

200mph Avatar
200mph Platinum Member Mike Joy
Lake Norman, NC, USA   usa
According to Clausager's book:

"In the USA, the Midget cost $2,699 in 1973, comfortably the cheapest sports car available. The Spitfire was $2,895, and the Karmann-Ghia convertible was $2,800."

The only options offered were wire wheels, headrests (std in US) and hardtop.

By the time production ended in 1979, the Midget's US MSRP had risen to over $5,000.

dennisculpt Avatar
dennisculpt Dennis Lynn
Show Low, Arizona, USA   usa
1974 MG Midget MkIII "Urge"
I bought my 1974 MG Midget new from the showroom floor for $3,636.00, in South East Michigan. Monthly payment was $123.00 on a 36 month loan. Nobody did auto loans for longer than that back then. Of course, at the end of the first 12 months I had to come up with car payment, registration, and insurance, all in one hit. My brother took over the loan and the car, then totaled it. He's alright and we are still good friends.

marksmithhfx Avatar
marksmithhfx Gold Member Mark Smith
Halifax, Canada   can
1974 MG Midget MkIII "Midge"
In reply to # 2114240 by dennisculpt Of course, at the end of the first 12 months I had to come up with car payment, registration, and insurance, all in one hit. My brother took over the loan and the car.

Back then I was 20 and there is no way I could have afforded one. I was saving for school not buying cars. Thankfully things have changed a bit since then smiling smiley

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jmac Avatar
jmac Silver Member Jere McSparran
Greenup, IL, USA   usa
1978 MG Midget "(SOLD)"
1978 MG Midget "Therapy"
I bought a 74 new off the showroom in Harrisburg, PA for $3150.00. It had wire wheels. My payment was 102.98 for 36 months. I loved that car. Still carry a picture of it in my wallet.



JMac


Attachments:
Midget 74.jpg    31.7 KB
Midget 74.jpg

oldag98 Avatar
oldag98 Jeff and Brittany Brackenridge
Choctaw, Choctaw, Oklahoma, USA   usa
1969 MG Midget MkIII
1975 MG Midget Conversion
1976 MG Midget 1500 "Yellow One"
1977 MG Midget 1500 "Dunkirk"    & more
Is that the engine already smoking in the first ad??? Just kidding....

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Andy74 Avatar
Andy74 Andy Jamieson
Sherwood Park, Alberta, Canada   can
In reply to # 2114632 by jmac I loved that car

What happened to it?

jmac Avatar
jmac Silver Member Jere McSparran
Greenup, IL, USA   usa
1978 MG Midget "(SOLD)"
1978 MG Midget "Therapy"
Young and dumb. I had it for almost 3 years and traded it for a 75 TR6. Got married and sold that a year later.



JMac

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