One of my favorite high-school teachers owned an MR2—she caused somewhat of a stir when she showed up in it the first time.
“Fun is taking the all-new MR2 out to play.”
The MR2 was undoubtedly one of the most interesting cars Toyota brought to market in the 1980s (development had begun in 1976). Visually evolved from the SV-3 concept car shown at the 1983 Tokyo Motor Show, MR2 stood for “midship runabout 2-seater”.
A small sports car (about thirteen inches shorter than a 2025 Toyota GR86 hatchback coupe) with an angular wedge body, the MR2 became available for the 1985 model year, entering a market that already included the Bertone (formally Fiat) X1/9 and the Pontiac Fiero.
The MR2’s engine was the 16-valve 1.6 liter/97 ci 4A-GE fuel-injected double-overhead-cam inline four, with 112 bhp. Paired with the standard five-speed manual transmission (a four-speed automatic transmission was optional) in the 2,400-pound “Mister Two,” this engine was good for 0-60 in under 9 seconds (Car and Driver recorded 8.2 seconds) and a top speed of about 120 mph. Fuel economy was impressive: 27 city/32 highway by the day’s standards (23/29 by modern measures). With a 10.8-gallon fuel tank, an MR2 owner could expect a range of 250 to 285 miles with a 10% fuel reserve.
The 1985 MR2 coupe’s base price was $10,999—about $33,700 in 2025 dollars or almost exactly what a 2025 Toyota GR86 Premium hatchback coupe costs. Standard exterior and mechanical equipment included tinted glass, rack-and-pinion steering, power disc brakes with ventilated front rotors, and 185/60R14 steel-belted radial blackwall tires (a size still readily available) on 14-inch alloy wheels. Inside, a 7-way adjustable driver’s seat, a leather-wrapped tilt steering wheel, dual power remote side mirrors, an electric rear defogger, and an AM/FM/MPX stereo radio were included in an interior that many considered roomy for the MR2’s size.
Options, A Package, Period Reviews, & Production Numbers
Individual options available for the 1985 MR2 included a moonroof with sunshade ($300), a rear spoiler ($150), automatic air conditioning ($840), cruise control ($185), power windows and locks ($305), and an AM stereo/FM stereo radio with cassette ($365). The Power Package ($305) included power windows and power locks. It wasn’t hard to load an MR2 up to $13,400 or so—about $41,000 in today’s dollars.
MR2s got really good reviews from the likes of Motor Trend (winning “Import Car of the Year”), Road & Track, and, later, Automobile—who famously compared it to a Ferrari 308 and found the MR2 to be the winner. Toyota sold 32,314 MR2s in 1985—impressive numbers for a brand-new product line.
The View From 2025
MR2s do have club support, including a reasonably active forum. According to Hagerty’s valuation tools, a 1985 MR2 in #1/Concours condition is $34,100, with a more normal #3/Good car going for $12,000.
Though MR2 sightings are relatively rare in the Hemming’s Motor News classifieds, first-generation MR2s (sold up until the 1989 model year) show up fairly often on eBay Motors and on Bring a Trailer. When I updated this blog entry in April 2025, there was a Super Red 1987 with black leather seats, a five-speed manual, and 181,000 miles on Hemmings, asking $15,500.
Make mine the same Super Red as the one owned by that high school teacher, please.
Other sporty Toyotas I’ve written about include the 1981 Celica Sport Coupe, the 1982 Celica Supra hatchback coupe, the 1984 Corolla SR5 Sport Coupe, and the 1988 Supra hatchback coupe.
Last updated August 2025.
Eighties Cars 