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1965 MG MGB Mk I
2dr Roadster
4-cyl. 1798cc/95hp 2x1bbl
#1 Concours condition#1 Concours
#2 Excellent condition#2 Excellent
#3 Good condition#3 Good
$18,900 CAD*
+22.7%
#4 Fair condition#4 Fair
Apr 2025
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1962-1969 MG MGB stats
Highest sale
$179,910 CAD
Lowest sale
$264 CAD
Most recent sale
$59,226 CAD
Sales
545
Photos
45 photosImages may not reflect selected vehicle.
Past sales
Insurance
Protect your 1965 MG MGB from the unexpected for only $298 CAD per year**
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**Figure based on a stock 1965 MG MGB valued at $18,900 CAD with ON rates with $100/300K liability/UM/UIM limits. Actual costs vary depending on the coverage selected, vehicle condition, province and other factors. Hagerty determines final risk acceptance.
Model overview
Model description
The big news for the 1965 MGB was a Pininfarina-designed coupe, called the MGB GT. Production started very slowly, with only 524 GTs delivered in the first year. Domestic sales totaled 350 cars, and the U.S. received 164 GTs.
The GT cost $3,095 in the U.S. and is considered one of the most attractive British car designs of the 1960s, even though the rear seat was restricted to small children. A roof rack was offered and a heated rear window could be ordered, while Webasto canvas sunroofs became a popular option. Pull-type door handles were replaced by push-buttons in March this year on all MGB models, and the fuel tank increased from 10 to 12 gallons.
The MGB GT received a sturdier Salisbury rear axle which was fitted to all MGBs from 1967, when a 4-speed synchromesh box finally replaced the MGA’s “crash” first gear. MGB roadster sales held steady with export figures confirming the car’s worldwide reputation. The total for 1965 was 24,179 units, with 13,815 heading for the U.S.
In October 1965 Iris Blue was discontinued, to be replaced by Mineral Blue, with the same black leather seats with blue piping and blue or black soft top option until October 1965, when only the black top was continued. An optional hardtop could be Black, Blue or White until October 1965 when the Blue hardtop was discontinued. Red, Gray and White hardtops were also discontinued in 1966 and only Black was available afterwards.
Early MGBs had one of two convertible tops. The most common was the so-called pack-away top which could be dismantled and put in the trunk, enabling enough room for a child behind the front seats. Early cars had and optional cushion for the rear deck. Some cars had an attached folding convertible top which was finally standardized in the Mk II model in 1970. A top boot was included and matching tonneau cover was optional. Black, Red, Gray, Blue or White fiberglass factory hardtops were optional. All convertible tops were black from 1967 on.
Vehicle specifications
- Shipping Weight1920 lbs
- Vehicle Length153.2 in
- Wheelbase - Inches91 in
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Common Questions
The value of a 1965 MG MGB Mk I can vary greatly depending on its condition, mileage, options, and history. Typically, you can expect to pay around $13,200 USD for a 1965 MG MGB Mk I in good condition with average spec.
The highest selling price of a 1965 MG MGB Mk I at auction over the last three years was $90,801 CAD. The highest prices are usually reserved for rare or exceptionally well-maintained examples with desirable features or modifications and excellent history.
The lowest selling price of a 1965 MG MGB Mk I at auction over the last three years was $1,509 CAD. The lowest prices are usually paid for examples that have extensive maintenance needs, differ greatly from their original configuration, or have accident histories or title problems.
In the last three years there have been 19 1965 MG MGB Mk Is sold at public auction.
The most recent auction sale of a 1965 MG MGB Mk I was $59,226 CAD on April 15, 2025 by Collecting Cars.
Many factors can increase a car's value including excellent condition, exceptional originality, a recent restoration, low mileage, unique provenance, desirable options, popular or unique color choices, and excellent maintenance records. Upgrades and modifications that enhance performance or aesthetics can also add value.
Factors that can decrease a car's value include unusually high mileage, poor maintenance history, visible wear and tear, accidents or damage, title issues, and gaps in ownership history. Additionally, less popular color choices and extensive modifications that don't appeal to a broad audience can reduce value.
Mileage plays a significant role in a classic car’s value. Lower mileage usually increases value because it indicates a higher degree of originality, is rarer, and suggests less wear and tear. However, cars with exceptionally low mileage may also have maintenance needs due to lack of use. Whether someone should pay more for a vehicle with lower miles will depend on how they plan on using it, and the vehicle's specific condition.
The value of modified cars differs widely based on the type and quality of modifications. While some modifications can significantly increase value, especially performance enhancements and high-quality custom work, others may not add much or could even detract from the car’s value if they appeal to only a limited audience.