1973 MG MGB Mk III

2dr Roadster

4-cyl. 1798cc/78.5hp 2x1bbl

#1 Concours condition#1 Concours
#2 Excellent condition#2 Excellent
#3 Good condition#3 Good

$13,400 CAD*

-3.6%
#4 Fair condition#4 Fair
Value Graph07/2410/2401/25$5k$10kApr 2025
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1970-1974 MG MGB stats
Highest sale
$3,384,271 CAD
Lowest sale
$46,794 CAD
Most recent sale
$1,665,887 CAD
Sales
59

Photos

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1971 MG MGB
1973 MG MGB
1973 MG MGB
1973 MG MGB
1973 MG MGB
1973 MG MGB
1973 MG MGB
1973 MG MGB
1973 MG MGB
1973 MG MGB
1973 MG MGB
1973 MG MGB
1973 MG MGB
1973 MG MGB
1973 MG MGB
1973 MG MGB
1973 MG MGB
1973 MG MGB
1973 MG MGB
1973 MG MGB
1973 MG MGB
1973 MG MGB
1973 MG MGB
1973 MG MGB
1973 MG MGB
1973 MG MGB
1973 MG MGB
1973 MG MGB
1973 MG MGB
1973 MG MGB
1973 MG MGB
1973 MG MGB
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Model overview

Model description

Perhaps responding to purists’ complaints, particularly in the U.S., the 1973 MGB regained a traditional flush grille, though now it was plastic with a cross-hatched design and a central shield badge. The recessed grille with its chrome surround, inner rings and floating octagon MG badge was discontinued. Wipers were now matte black instead of chrome and a tonneau was standard equipment.

The other big news for the 1973 MGB was the fitment of the alloy Buick-Rover 3.5-liter V8 engine into the GT. The lightweight V8 weighed little more than the MGB’s 4-cylinder and significantly less than the MGC’s 600-plus pound six-cylinder unit. Ken Costello had been fitting V8s into MGBs in the UK since 1970 and the factory improved on his installation, re-routing the manifolds so that the standard hood could be used. Even with the compression ratio reduced to 8.25:1, performance was sparkling with 0-60 in around eight seconds and a top speed of 125 mph.

Nine LHD GT V8s (some sources say seven) were sent to the U.S., which seemed like the obvious market. However, U.S. emissions were increasingly strict and the Arab oil embargo took place, so the outlook was unfavorable. In addition, British Leyland was miserly in allotting the V8 engines to MG, so total production amounted to a mere 2591 units between 1972-1977. Only 1856 chrome bumper GTs were built, followed by 735 rubber bumper cars.

MGB sales continued at the previous year’s pace, with 21,801 1973 roadsters sold worldwide, 17,403 of which came to the U.S. Only 3178 convertibles were sold in the UK. In addition, 820 RHD and LHD cars were exported elsewhere. A total of 11,550 1973 MGB GTs found buyers, and again unusually, the UK took the majority with 6563 against 3747 coming to the U.S.

Some unusual colors were added to the palette for 1973, along with a new (and quite unusual) interior ginger color called Ochre which only lasted for a year. Special order Black cars could have Navy or Ochre interiors. Other paint colors on offer included Teal Blue, Harvest Gold, Limeflower Green, Green Mallard, Blaze Orange, Balck Tulip Purple, Damask Red, Bronze Yellow and Glacier White. Teal Blue, Green Mallard and Black Tulip had Ochre interiors, the rest were Navy Blue. Autumn Leaf returned for late series cars in Teal Blue, Green Mallard and Black Tulip. Late model Glacier White cars often had Black trim. Flame Red and Aqua Turquoise were discontinued at the end of 1972.

Vehicle specifications

  • Shipping Weight1920 lbs
  • Vehicle Length153.2 in
  • Wheelbase - Inches91 in
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Common Questions

The value of a 1973 MG MGB Mk III can vary greatly depending on its condition, mileage, options, and history. Typically, you can expect to pay around $1,250,000 USD for a 1973 MG MGB Mk III in good condition with average spec.

The highest selling price of a 1973 MG MGB Mk III at auction over the last three years was $3,384,271 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 1973 MG MGB Mk III at auction over the last three years was $46,794 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 33 1973 MG MGB Mk IIIs sold at public auction.

The most recent auction sale of a 1973 MG MGB Mk III was $1,665,887 CAD on August 14, 2024 by Broad Arrow Auctions.

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.

All prices shown here are representative of stock condition vehicles only and based on various data sources, as detailed in About Our Prices. Value adjustments for optional equipment are in U.S. dollars. More information on how forecast models are calculated can be found on Forecasted Values page. For additional information and a complete description of benefits, visit hagerty.CA/legal. Purchase of insurance not required for membership in HDC. Hagerty, Hagerty Valuation Tools & Hagerty Drivers Club are registered trademarks of the Hagerty Group LLC, ©2025 The Hagerty Group, LLC. All Rights Reserved.

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