The second-generation Toyota MR2, codenamed SW20, debuted for the 1990 model year with styling that earned it the nickname 'baby Ferrari.' It was larger, heavier, and more powerful than its angular predecessor, offering a naturally aspirated 5S-FE engine or the coveted turbocharged 3S-GTE. Toyota revised the suspension for the 1993 model year to tame the car's tendency for snap-oversteer, also fitting larger wheels and brakes.
The SW20 is a cornerstone of the 1990s JDM enthusiast market. Collectors seek out the Turbo models for their impressive performance, reliability, and exotic mid-engine looks that defy their accessible price point. Unmodified, low-mileage examples, especially late-model Turbos with T-tops, are the most sought-after and command the highest prices. With an average sale price near $20,000, the market recognizes these as true modern classics, separating pristine examples from the many heavily used or modified cars that trade for much less.
Buying Tips
- Check for rust in the rear wheel arches, side sills, and floor pans, especially under the T-top seals where water can get trapped.
- On Turbo models, look for blue smoke from the exhaust, which can indicate worn turbo seals or piston rings. The 3S-GTE engine is strong, but many have lived hard lives.
- The long coolant pipes running from the front-mounted radiator to the mid-mounted engine are susceptible to corrosion and damage. Inspect them carefully for leaks.
- Pre-1993 models have a reputation for snap-oversteer; later cars have revised rear suspension geometry and larger tires to be more forgiving.
- Finding an unmodified example is difficult but rewarding, as they command a premium. Scrutinize any modifications for quality and be wary of cars with extensive engine tuning without supporting documentation.
Prices range from as low as $2,275 for project cars to over $71,000 for pristine, low-mileage Turbo models.
1,564 Toyota SW20 MR2 vehicles have been tracked across auctions and listings on Hypercars, with 573 currently live.
Data sourced from Bring a Trailer, Cars & Bids, eBay Motors, PCarMarket, and Collecting Cars. Updated daily.
Run a business in this market?
Get Hypercars OS
