What is the oldest model of the Toyota MR2?

The oldest MR2 is the first-generation AW11, launched by Toyota in 1984 (arriving in some markets as a 1985 model). It established the mid-engine, rear-wheel-drive layout that defined the MR2’s character and set a benchmark for affordable, driver-focused sports cars.

First-generation AW11: origins and design

The AW11 MR2 marked Toyota's bold entry into mid-engine sports cars. Built from 1984 through 1989, the car emphasized lightweight construction, balanced handling, and a cockpit-oriented driving experience. It featured a compact package, pop-up headlights, and a 1.6-liter inline-four engine (4A-GE) that delivered a lively, rev-happy character. The MR2 was typically paired with a five-speed manual transmission, with an automatic option available in some markets.

Here are the defining traits of the AW11 MR2:

• Mid-engine, rear-wheel-drive layout for balanced handling


• 1.6-liter inline-four engine (4A-GE)


• Lightweight, compact chassis with near 50/50 weight distribution


• Distinctive pop-up headlights and wedge-shaped styling


• Manual transmission standard, with an automatic option in some markets

These features helped establish the MR2’s reputation for precise handling and a driver-centric experience, factors that continue to influence Toyota’s sportscar philosophy.

Timeline and market rollout

Understanding when and where the AW11 appeared provides context for the car’s historical place in Toyota’s lineup.

1. 1984: Japan gains the MR2 as the first-generation AW11, kicking off the model line.


2. Mid-1985: The MR2 reaches the United States as a 1985 model year, with additional markets following in the ensuing years.


3. 1986–1989: Availability broadens to Europe and other regions before the generation is succeeded.

The AW11’s production ended in 1989, paving the way for the second-generation SW20 in 1990, but the original model remains celebrated for its purity and driving engagement.

Legacy and relevance today

Today, the AW11 is highly regarded by collectors and driving enthusiasts for its simplicity, mid-engine balance, and timeless design. It established a template that Toyota would refine in later generations and remains a benchmark for affordable, driver-focused sports cars from the 1980s.

Summary

The oldest Toyota MR2 is the first-generation AW11, produced from 1984 to 1989. It introduced mid-engine, rear-wheel-drive dynamics and pivotal design cues that defined the MR2 for decades, making the AW11 a milestone in Toyota’s sports-car history.

How much is a 1985 Toyota MR2 worth today?

A 1985 Toyota MR2's price varies widely based on condition, with typical examples in good shape selling for around $12,000. Prices can range from as low as $6,405 for cars needing significant work to over $28,000 for rare or exceptionally maintained models with desirable features. The original MSRP was about $11,194.
 
Price breakdown

• Average condition: Around $12,000 for a 1985 MR2 in good condition with average specifications. 
• Low end: The lowest sale price was $6,405 for a car needing extensive maintenance or with title problems. 
• High end: The highest price paid was $28,875 for a rare or exceptionally well-preserved example with desirable features. 
• Original MSRP: The original MSRP was approximately $11,194. 

Factors affecting price

• Condition: The car's overall condition is a primary factor. A vehicle in excellent, original condition will command a higher price.
• Mileage: Lower mileage generally increases the value.
• History: A clean history and well-documented maintenance can add value.
• Modifications: Some desirable modifications can increase the price, while others may decrease it.
• Rare features: Features that make the car rarer, such as specific trim levels or engine options, will impact its value. 

How much is a 1987 Toyota MR2 worth?

A 1987 Toyota MR2's price varies, but you can expect to pay an average of around $12,000 for a good condition car, while prices range from $6,000 for a project to over $20,000 for exceptionally well-maintained, rare, or supercharged models. Factors like condition, mileage, and specific trim (like the Supercharged model) significantly affect the final price. 
Price breakdown by condition and model

• Average Condition: Around $12,000 for a model in good condition with average specs. 
• Lower End (Project): As low as $6,000 for vehicles needing significant work. 
• Higher End (Excellent/Rare): Up to $20,737 or more for rare examples, exceptionally well-maintained cars, or supercharged models. 
• Supercharged Model: Prices can reach around $21,157, or more, depending on its condition. 

Factors influencing price

• Condition: The overall state of the car is the biggest factor. A car with a clean title and minimal rust will command a higher price than one with accident history or significant bodywork needs. 
• Mileage: Lower mileage generally results in a higher price. 
• Trim: The Supercharged model is a highly sought-after and more expensive trim.
• Modifications: Some desirable modifications can increase value, while poorly executed ones can lower it. 

What is the best year for a Toyota MR2?

The best Toyota MR2 year is often considered the 1993-1995 Mk2 for its improved handling and performance, particularly the turbo models, and the 1998-1999 Rev 5 for being the final, most refined version of the Mk2 with a more aggressive wing and updated features like the BEAMS engine. For simplicity and a raw driving experience, early models like the 1991 non-turbo are also a great choice.
 
This video provides a detailed review of the 1991-1995 Toyota MR2, highlighting what to look for when buying one: 1mMiguel's GarageYouTube · Mar 9, 2023
Second generation (Mk2)

• Best overall: The 1993-1995 models are often cited as the best because Toyota made crucial suspension and handling improvements to address early snap oversteer. 
• Best performance: The 1993-1995 turbo models are considered the peak of the Mk2 generation, offering significant power in a mid-engine, rear-wheel-drive chassis. 
• Most refined: The 1998-1999 "Rev 5" models are the final and most refined versions of the Mk2, featuring an adjustable rear wing and the high-performance BEAMS engine (only in certain markets). 
• Simplicity: For a more raw and simple driving experience, the 1991 non-turbo models are praised for having fewer electronic systems to go wrong, such as ABS or cruise control, and are often cheaper to maintain, say Reddit users. 

Other generations

• First generation (Mk1): The 1985-1989 Mk1 models are also considered a safe bet, known for their reliable and fun motoring. 
• Third generation (Mk3/Spyder): The 2003-2005 models are considered the best for daily drivability due to reliability improvements over the earlier 1999-2002 versions, which had some oil-burning issues. 

This video discusses the differences between all three generations of the Toyota MR2: 1mCar ThrottleYouTube · Oct 27, 2025

What is the oldest MR2?

First generation (W10; 1984–1989) Toyota introduced the first-generation MR2 in 1984, designating it the model code "W10". When fitted with the 1.5-liter 3A engine, it was known as the "AW10". Likewise, the 1.6-liter 4A version is identified by the "AW11" code.