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MG MGB Club / MGB MkII / MkIII With prices of the best MkI MGBs from the model’s earliest years achieving prices of £...
MG MGB Club / MGB MkII / MkIII

With prices of the best MkI MGBs from the model’s earliest years achieving prices of £20,000-plus these days, what’s out there for anyone with a budget half the size? Thankfully there’s plenty of choice, with excellent examples of the 1967-on MkII and 1972-on MkIII (prior to the launch of the ‘black bumper’ look for 1974) readily available.

The MGB got off to a flying start upon its debut in 1962, offering extra refinement, a more upmarket feel and a bigger version of the venerable B-series engine compared with the outgoing MGA. The launch of the MkII range five years later brought an array of worthwhile upgrades, including an all-synchromesh gearbox and the option of automatic transmission for the first time. By 1969 the MGB found itself with Rostyle wheels, while 1971 saw a new recessed black front grille introduced, changed to chrome again the following year. By the time the MkIII took a bow in 1972, the MGB featured a redesigned fascia and various other aesthetic upgrades.

Under the bonnet of any standard-spec MGB roadster you’ll find the familiar 1798cc engine (pushing out roughly 95bhp DIN depending on year), endowing the car with enough performance to make it an entertaining drive. Running costs are aided by the MGB’s simple spec, impressive parts availability and reasonable economy. If you fancy an MGB that benefits from numerous upgrades but was built prior to the still-controversial 1975 model year, a MkII or early MkIII makes real sense – and remains one of the most practical and enjoyable-to-drive classics for the money.
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  •   Daniel 1982 reacted to this post about 1 year ago
    Glut of quality MGBs heralds a downturn in prices / #MGB-RV8 / #MGB / #MG

    VALUE 2012 £10k

    VALUE NOW 2018 £13.5k

    June auctions saw MGB prices take a downward dip. Barons dispatched a red ’1978 roadster with a chrome bumper conversion, fresh MoT, 43k miles and £1600-worth of bills for a giveaway £2915.

    CCA also had mixed results, with five MGBs all knocked down for tempting money. An as-new #1970 Bronze Yellow roadster subject to a total bare bodyshell resto made only £9350 – probably half the rebuild cost. A #1980 rubber-bumper GT in Glacier White with 5200 miles made only £9k, while an as-new 1980 GT in BRG with a tiny 1540 miles didn’t sell. Neither did a completely restored 1970 roadster in red. Even a nicely mellowed ’1972 roadster with Oselli-tuned engine and 20-year ownership made just £5740. Anglia Auctions struggled too, with no fewer than 14 MGBs. The best pair, both older Heritage bodyshell total rebuilds, made only £8904 and £13,780, eight others averaged out at £4600 each and two were no-sales.

    There’s tremendous value in MGBs right now. Over-supply is putting pressure on values and even very fine ’Bs are around 40% down from 2015. MGBs may be a bit clichéd, but they’re still uncomplicated, good to drive and infinitely more interesting than an MX-5. There could also be a softening in #MGC and #MGB-GTV8 prices. CCA’s 1970 older restoration MGC GT made only £12,320, while H&H’s very original white ’1973 V8 with 84k was unsold.

    Track the market carefully – a totally rebuilt MGB complete with new Heritage bodyshell for around ten grand is cracking value. And looking at today’s market, finding one shouldn’t be hard.
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