Willys M38 & M38A1
As the Korean War-era successors to the original WWII Jeep, the M38 and M38A1 are valued collector's vehicles. They're distinguished by military-specific upgrades and for providing the evolutionary link, via the M38A1's rounded body and Hurricane engine, to the iconic CJ-5.
Willys M38 & M38A1 sold for a median of $11,000 over the last 12 months, based on 19 auction sales; the middle 50% sold between $9,100 and $21,200. 18 currently for sale.
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Willys M38 & M38A1 prices by year
| Year | Median (3 yrs) | Middle 50% | Sales (3 yrs) | For sale now |
|---|---|---|---|---|
| 1950 | $22k | – | 3 | 0 |
| 1951 | $17k | $16k–$17k | 4 | 3 |
| 1952 | $16k | $13k–$22k | 20 | 5 |
| 1953 | $17k | $11k–$20k | 10 | 6 |
| 1954 | $20k | $13k–$22k | 7 | 3 |
| 1955 | $10k | – | 2 | 1 |
| 1957 | $4.8k | – | 1 | 0 |
Auction sales in the last 3 years; prices leave out salvage and other branded titles.
Listings
The Willys M38 was the U.S. military's post-WWII update to the iconic Jeep, serving as the main light utility vehicle during the Korean War. Produced from 1950 to 1952, it was based on the civilian CJ-3A but featured significant upgrades like a waterproof 24-volt electrical system and a stronger frame. Its successor, the M38A1, arrived in 1952 with a more powerful 'Hurricane' F-head engine and a new rounded-fender body that would later become the CJ-5. The M38A1 had a much longer production run, serving well into the Vietnam era.
Collectors value these Jeeps for their direct military history and rugged, no-frills character. They are tangible links to the Korean and Vietnam wars, and many enthusiasts enjoy restoring them to period-correct specifications, complete with military markings and accessories. Unlike their WWII predecessors, the M38 and M38A1 are often more affordable and feature usability improvements, making them a popular entry point into military vehicle collecting.
The market for these models is steady, with an average sale price around $16,760. Condition and originality drive values. Rough, non-running projects can sell for as little as $1,200, while meticulously restored, numbers-matching examples have sold for over $44,000. Most transactions fall within the $10,000 to $25,000 range for solid, running vehicles.
Buying Tips
- Rust is the biggest enemy. Thoroughly inspect the frame, especially at the rear crossmember and around spring shackles. Check the floor pans and the underlying 'hat channel' supports for corrosion.
- Verify military originality. Many M38s and M38A1s have been modified with civilian CJ parts. Look for the correct 24-volt electrical system, data plates on the dash, military-specific lights, and the under-seat tool box.
- The M38 uses a Go-Devil L-head engine, while the M38A1 has the taller Hurricane F-head. Check for signs of poor maintenance like heavy oil leaks or excessive exhaust smoke. Test the 4-wheel drive system to ensure the transfer case and front axle engage correctly.
- Don't overlook the paperwork. Ensure the vehicle has a clear title and is registered for road use, as titling a former military vehicle can sometimes be difficult.
Prices range from $1,200 for projects to $44,750 for expertly restored examples.
235 Willys M38 & M38A1 vehicles have been tracked across auctions and listings on Hypercars, with 18 currently live.
Data sourced from auction results and dealer and private listings, including Bring a Trailer, Cars & Bids, Mecum, RM Sotheby’s and eBay Motors. Updated daily.
Frequently Asked Questions
How much does a Willys M38 & M38A1 cost?
Over the last 12 months, Willys M38 & M38A1 sold for a median of $11,000 across 19 auction sales tracked on Hypercars; the middle 50% sold between $9,100 and $21,200. There are 18 currently for sale.
How many Willys M38 & M38A1 listings are for sale right now?
There are 18 Willys M38 & M38A1 listings currently live across auctions, dealers, and marketplaces tracked by Hypercars.