The 1995 model year was the last one for the MR2. Sports car sales were slowing overall, with the MR2 suffering due to high prices and high insurance costs. The MR2 saw only a few changes for its final year, including a standard power package on the base T-bar model. Several years later, Toyota would resurrect the MR2 as the MR2 Spyder.

The 1995 MR2 came in three trims: a coupe, a T-bar, and a T-bar turbo. The turbo T-bar was the high-end version, with power windows and locks coming standard. The regular engine was a 2.2-liter, 135-horsepower four-cylinder. The turbo charged version was 2.0-liters and offered 200 horsepower. It came standard with a five-speed manual transmission, but was available with a four-speed automatic. The 1995 MR2 was rear-wheel drive, with the engine mounted behind the seats. Fuel economy was about 20/27

The 1995 Toyota MR5 has reached collector-item status among enthusiasts, who still bemoan the fact that this car was discontinued. Drivers love the 1995 MR2 for its sporty handling, looks, and reliability. Some complain about the car’s lack of storage space, and others caution that inexperienced drivers need to be careful when cornering.