When you think of early ’90s affordable roadsters, the Mazda Miata likely springs to mind. But hiding in the shadows of that icon sits the 1990 Mercury Capri XR2—a convertible that tried to out-Miata the Miata, only to become a quirky footnote in automotive history. Yet, as we revisit the Capri XR2, it’s clear this car offers more insight into industry trends, missed opportunities, and the relentless pursuit of a fun driving experience than most people realize.

Before you dismiss the Capri XR2 as just another failed rival, let’s dig into why it mattered, where it stumbled, and what it reveals about the ever-changing tastes of car buyers.

Why This Matters
- The Capri XR2 represents a bold, international collaboration—Australian design, Japanese engineering, and American branding—all converging to chase the convertible craze reignited by the Miata.
- Its launch marked Ford’s attempt to revive affordable, fun roadsters in the U.S. at a time when such cars had all but vanished from showrooms.
- The Capri’s development underscores how emissions and safety regulations can reshape product timelines—delays allowed Mazda to beat Ford to market, a fateful twist that sealed the Capri’s underdog status.
What Most People Miss
- The XR2’s front-wheel-drive layout was a major departure from the rear-wheel-drive Miata. While this offered all-weather practicality, purists often overlooked its handling prowess, especially on twisty roads.
- The Capri was a true global mashup: Ghia-designed, Ital Design-reworked, powered by Mazda, with parts sourced from several Japanese suppliers and assembled in Australia. This made it one of the most internationally diverse cars sold in America at the time.
- With seating for four (sort of), the Capri was more versatile than the Miata for buyers who needed occasional rear-seat space or a bigger trunk.
- The Capri XR2 borrowed the turbocharged engine from the 323GT, making it notably punchier than the base Miata—0–60 mph in 8.1 seconds and a top speed of 125 mph.
Key Takeaways
- The Capri XR2’s biggest flaws—body flex, steering vagueness, and some understeer—were typical for convertibles of its era, but its chassis was impressively nimble on challenging roads.
- As a package, the XR2 offered excellent value and standard features for the price (power accessories, four-wheel disc brakes, available hard top), aiming to out-equip the Miata.
- Despite solid specs and a fun drive, timing and marketing sealed the Capri’s fate. Mazda’s head start, better styling, and pure sports car feel made the Miata a legend, while the Capri faded away.
Pros & Cons Comparison: Capri XR2 vs. Miata (NA)
| Mercury Capri XR2 | Mazda Miata (NA) | |
|---|---|---|
| Layout | Front-engine, FWD | Front-engine, RWD |
| Engine | 1.6L Turbo I4, 132 hp | 1.6L NA I4, 116 hp |
| 0–60 mph | 8.1 sec | 8.6 sec |
| Seats | 2+2 | 2 |
| Trunk Space | Bigger w/ folding seats | Small |
| Driving Feel | More practical, some torque steer | Pure, balanced, fun |
| Looks | Functional, less iconic | Timeless, classic |
| Legacy | Forgotten cult classic | Modern legend |
Industry Context & Related Trends
- The Capri’s story is a case study in how product timing and consumer perception can make or break a car—a lesson manufacturers still grapple with today (think: Toyota 86 vs. Subaru BRZ, Hyundai Veloster vs. Honda Civic Si).
- Regulatory hurdles (emissions, airbags) continue to delay launches and inflate costs for automakers, often to the detriment of enthusiast models.
- Retro roadsters enjoy periodic revivals—witness the Fiat 124 Spider’s brief return in the 2010s, again on a Mazda platform.
Expert Commentary
“The Capri XR2 might not have dethroned the Miata, but it proves that sometimes, being different is its own reward. For collectors and enthusiasts, it’s a quirky, affordable slice of ‘90s optimism.” — Modern Auto Historian
Action Steps: Should You Buy One Now?
- If you want a rare, affordable convertible with turbo punch and practicality, the Capri XR2 is a sleeper classic.
- Parts are still available thanks to Mazda DNA, but body and trim are scarce—so buy the best you can find.
- Join Capri/Miata forums for support, and enjoy the car for what it is: a fun, flawed, but fascinating Miata alternative.
The Bottom Line
The 1990 Mercury Capri XR2 was never destined to be the next Miata, but it didn’t need to be. It’s a reminder that the roadster renaissance was bigger than one model—and that sometimes, the cars left behind tell the most interesting stories. For anyone bored of Miata-mania, the Capri XR2 is a convertible worth remembering—and maybe even rescuing.