18/09/2022
The Toyota MR2, a name synonymous with agile, mid-engined sports car performance, holds a special place in the hearts of many automotive enthusiasts. For decades, it offered a compelling blend of driving thrills, distinctive styling, and Toyota's renowned reliability. While the MR2 was discontinued in many markets, whispers and rumours of its potential return have persisted, sparking excitement among fans yearning for a modern iteration of this iconic machine. This article delves into the history of the MR2, its key attributes, and the latest information regarding a possible revival, including its rumoured cost in Japan.

- The Enduring Appeal of the MR2
- Rumours of a Revival: The 2024 Toyota MR2
- Powertrain and Performance Expectations
- The MR2 Turbo: A Performance Bargain
- What to Look For When Buying an MR2 Turbo
- Pricing and Parts
- On the Road Experience
- Future Pricing in Japan
- Conclusion: A Timeless Classic
- Frequently Asked Questions
The Enduring Appeal of the MR2
Toyota globally marketed the MR2 as a fun, two-seater sports car for over three decades. Each generation saw redesigns aimed at enhancing its style and performance, while addressing any perceived flaws. Even today, automotive enthusiasts praise the MR2 for its best-in-class and rare mid-engine layout. This configuration, where the engine is positioned between the front and rear axles, contributes significantly to the car's balanced weight distribution and exceptional handling characteristics. Unlike front-engined, rear-wheel-drive or front-engined, front-wheel-drive sports cars, the mid-engine layout allows for a more compact design and a lower centre of gravity, translating into sharper turn-in and a more engaging driving experience.
Toyota's reputation for producing reliable, yet often conservative, vehicles has evolved significantly in recent years. The company's lineup now boasts a strong contingent of performance-oriented models, including the reborn GR Supra, the improved Toyota 86, and the rally-inspired GR Yaris. However, for many fans, the return of the MR2, which was discontinued in 2007, remains a significant aspiration. The demand for its comeback is a testament to the model's enduring legacy and the emotional connection many owners and admirers have with it.
Rumours of a Revival: The 2024 Toyota MR2
In recent years, rumours about Toyota reviving one of its most celebrated sports cars have circulated frequently. While there have been conflicting reports, with Toyota's European vice president previously stating that a new MR2 was "not a priority," the speculation has intensified once more. The most compelling rumours suggest that a new MR2, potentially a 2024 model, is indeed on the horizon. Design experts are reportedly focusing on delivering agile sports cars with modern, sleek, and futuristic changes. This vision involves clean, curved edges that enhance striking features and align with aerodynamic principles, creating a lightweight, dynamic, and easy-to-steer vehicle.
The most significant aspect of these rumours centres on the powertrain. It's widely believed that the next-generation MR2 will feature a fully electric or hybrid powertrain. According to reports from Japan's Spyder7, the development of the new Toyota MR2 has received the green light, with the next generation allegedly drawing inspiration from the Toyota Alessandro Volta concept. However, developing a new sports car is a substantial undertaking, especially in an industry where sports car sales are generally declining. To mitigate costs, Toyota has historically partnered with other manufacturers, as seen with the GR Supra's development alongside BMW (sharing components with the BMW Z4) and the new Toyota 86's collaboration with Subaru.
Powertrain and Performance Expectations
Regarding the powertrain, the speculation is that the new MR2 will be a plug-in hybrid. This setup is rumoured to combine a 2.9-litre or 3.0-litre V6 engine with an electric motor, delivering a combined output of approximately 345 to 395 horsepower. Such power figures would position the new MR2 competitively against rivals like the Nissan Z.
Historically, the MR2 Turbo models were particularly potent. The second-generation MR2 Turbo, especially the later Rev3 models, packed a punch. These cars featured a 2.0-litre, 3S-GTE turbocharged engine. While the Rev1 and Rev2 models produced around 220bhp, the Rev3 variant boosted this to a more substantial 241bhp. This was a significant output for its time, especially from a mid-engined, rear-wheel-drive platform. Many owners also opted for engine management software upgrades, pushing the power figures towards 260bhp and even 300bhp for heavily modified Rev3 cars. The performance was exceptional, with 0-60 mph times in the 5.7-second range, allowing the MR2 Turbo to embarrass many more expensive sports cars.
The MR2 Turbo: A Performance Bargain
The Toyota MR2 Turbo, particularly the second-generation model, is often cited as a remarkable performance bargain. Never officially imported into the UK, these cars offered incredible value for money. For a fraction of the price of other sports cars, buyers could acquire a stylish, mid-engined, rear-wheel-drive coupe with Toyota's legendary reliability and exhilarating performance. The engine used in the UK-bound MR2 Turbo was essentially the same unit found in the Celica GT4, making servicing and parts availability less of a concern for those willing to seek out an imported model.

Models and Evolution
The second generation of the MR2 (1990-2000) is often divided into different 'Revisions' or 'Revs' by enthusiasts:
| Revision | Key Features | Approximate Power |
|---|---|---|
| Rev1 (1990-1991) | Early models, sometimes criticised for 'snatchy' handling, especially in wet conditions. | 220bhp |
| Rev2 (1992-1993) | Identifiable by 15-inch wheels and white front fog lamps. Offered a limited-slip differential as an option and stiffer Bilstein suspension as standard. Steering was regeared for better feel. | 220bhp |
| Rev3 (1994-1995) | Featured more modern modular tail light assemblies with round brake lights. Came standard with a limited-slip differential and uprated dampers. Considered the most suitable for track days. | 241bhp |
| Later Japanese Models (up to 2000) | Received incremental updates to infotainment and wheel options, but remained mechanically similar. Eventually replaced by the lighter, less powerful MR-S roadster. | 241bhp |
The MR2 Turbo models could be distinguished from their naturally aspirated counterparts by a raised engine cover, while the non-turbo models had a flat panel. Japanese-market cars often came with a higher level of standard equipment compared to equivalent UK models. For instance, the GT-S trim featured cloth upholstery, while the up-spec GT model boasted half-leather trim, a more advanced air conditioning system, and electrically folding door mirrors.
What to Look For When Buying an MR2 Turbo
When considering a used MR2 Turbo, several factors are crucial. Many models on the market might show around 60,000 miles. This mileage often coincides with Toyota's recommended cam belt change, which is an engine-out procedure. While a main dealer might charge around £400 for this service, it's a vital maintenance item. Fortunately, the MR2 engine is a non-interference unit, meaning that if the cam belt breaks, the valves will not collide with the pistons, preventing catastrophic engine damage.
The engine itself and the Garrett turbocharger are generally robust. However, like any turbocharged engine, it's advisable to let it idle for a minute or so after a spirited drive to allow the turbocharger to cool down properly. When test driving, ensure the engine reaches normal operating temperature before testing the full boost. A good indicator of a healthy turbo is a strong surge of power when accelerating from around 2,500 rpm in second gear, with the boost gauge hitting its maximum reading. If the car doesn't pull strongly, it might indicate turbo issues, which can be costly to diagnose and repair.
Many imported MR2 Turbos will still have a 112 mph speed limiter. This can typically be removed by a specialist if you intend to use the car for track days. Ensure the car has undergone an SVA (Single Vehicle Approval) test and is legally road-legal in the UK. Check that the speedometer reads in mph and that a rear fog lamp is fitted. If not, factor in the cost of conversion and testing, which can be around £400. The condition of the engine coolant can also reveal how well the car has been maintained. Toyota's 'ForLife' coolant is bright red; muddy brown coolant suggests irregular servicing.
Key checks for a used MR2 Turbo:
- Cam belt: Check service history for recent replacement.
- Turbocharger: Listen for unusual noises and check for strong, consistent boost.
- Suspension: Look for signs of wear or damage, especially if the car has been used on track.
- Electrics: Test all features, including air conditioning, power windows, and mirrors.
- Bodywork: Inspect for rust, particularly around the sills and wheel arches, and check for accident damage.
- Import status: Ensure it's UK-registered and road-legal, with correct lighting and speedometer readings.
Pricing and Parts
While the MR2 Turbo is no longer in production, its value as a used car remains. Prices can vary significantly based on condition, mileage, and revision. However, it's generally considered a highly affordable performance car.
Here are some approximate costs for replacement parts for a 1995 MR2 GT Turbo:
| Part | Approximate Cost (£) |
|---|---|
| Clutch Assembly | 150 |
| Exhaust Rear Box | 285 |
| Exhaust Front Pipe | 150 |
| Starter Motor | 185 |
| Radiator | 255 |
| Cam Belt | 34 |
| Front Brake Pads (set) | 45 |
| Non-electric Door Mirror | 75 |
| Minor Service | 115 |
| Major Service | 195 |
On the Road Experience
A well-maintained MR2 Turbo is a truly exceptional driving machine. Despite being designed for Japanese fuel, these cars run reliably on high-octane unleaded fuel available in the UK. With a top speed of around 152 mph and the ability to accelerate from 0-60 mph in under 6 seconds, the MR2 Turbo offers performance that can rival many modern sports cars. The driving experience is further enhanced by the slick, positive gearshift and ideally spaced pedals, making it a joy to drive enthusiastically.
Many owners upgrade their wheels to 17-inch items for improved grip and aesthetics. The lateral grip is impressive, allowing the car to cling to the road tenaciously, even in challenging conditions. While a bootful of throttle can unsettle the rear end, fast and accurate corrective steering will bring the car back into line. The steering itself can feel a bit indirect from the factory, leading many owners to fit smaller steering wheels for a more immediate response.

It's important to note that the MR2 Turbo is not the most relaxing car for long, leisurely journeys. The turbocharger is quite vocal, positioned just behind the driver's head, and the suspension is firm, contributing to a focused, sporty feel. The electric aerial can also generate a fair amount of wind noise. However, these characteristics contribute to the car's exciting and engaging nature. The sheer thrill of outperforming more modern, expensive cars with a well-sorted MR2 Turbo is an experience in itself.
Future Pricing in Japan
Returning to the prospect of a new MR2, the reported price in Japan for the 2024 model is around six million yen, which translates to approximately $52,700 USD (based on current exchange rates). This pricing would place it above the current Toyota GR Supra, which starts at around $40,000 in the US. This suggests that a new MR2, if it materializes, will likely be positioned as a more premium offering, reflecting its advanced hybrid or electric technology and its status as a halo sports car within Toyota's lineup.
Conclusion: A Timeless Classic
The Toyota MR2 Turbo is widely regarded as one of the best all-around two-seater sports cars ever built by a Japanese automaker. Its mid-engine layout, potent turbocharged engine, and superb handling made it a formidable performer. Despite its discontinuation, the MR2's legacy is undeniable. The quality, dependability, and sheer driving pleasure it offered have cemented its status as a future classic. The rumours of a 2024 revival, potentially with advanced hybrid or electric technology, suggest that the spirit of the MR2 may well live on, offering a new generation of drivers the chance to experience the unique thrill of this iconic mid-engined sports car.
Frequently Asked Questions
How many BHP does a Toyota MR2 Turbo have?
The second-generation Toyota MR2 Turbo models typically produced between 220bhp (Rev1 and Rev2) and 241bhp (Rev3 and later Japanese models). Modified versions could achieve significantly higher power outputs.
Is the MR2 Turbo a good car?
Yes, the Toyota MR2 Turbo is widely considered an excellent car. It offers exceptional performance, handling, and reliability for its price point. It's praised for its mid-engine dynamics, engaging driving experience, and build quality, often being described as a "baby Ferrari" or a future collectible.
How much does a new Toyota MR2 cost in Japan?
According to recent reports, a new Toyota MR2, expected around 2024, is rumoured to cost approximately six million yen in Japan, which is roughly equivalent to $52,700 USD.
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