2000: The MR2 Spyder (MR-S in Japan) launched with a 1.8L 1ZZ-FE inline-four engine, producing 138 hp and 126 lb-ft of torque, paired with a 5-speed manual transmission. The car's lightweight, mid-engine, rear-wheel-drive layout provided balanced handling. Standard features included a soft-top convertible, minimal interior amenities, and a focus on a lightweight, driver-focused design.
2001: Minor updates were made, including slight adjustments to interior materials and options. Toyota focused on refining the build quality, but no significant changes were introduced to the powertrain or suspension.
2002: Toyota introduced an optional 6-speed Sequential Manual Transmission (SMT), a clutchless manual gearbox that allowed drivers to shift using paddles or a gear lever, though it received mixed reviews for its slower shifts compared to the 5-speed manual. Suspension tuning was also slightly revised for improved handling, and minor cosmetic updates were made to trim and interior materials.
2003: This year saw updates to improve handling and braking, including a slightly revised suspension setup and brake adjustments for better response. New color options were introduced, and Toyota updated the headlights and taillights for a refreshed look.
2004: The MR2 Spyder received another minor facelift, with new front and rear bumper designs and revised LED taillights for a more modern appearance. Additional changes were made to the interior, including updated seat materials and optional leather seats. Toyota also introduced new alloy wheel designs, which were both lighter and sportier.
2005: Performance improvements included a limited-slip differential as an option on the manual transmission models in select markets, improving traction and handling. The SMT transmission received software updates for smoother shifts, but feedback on the SMT remained mixed.
2007: In the final two years of production, Toyota made only minor updates, including new paint colors and slight feature adjustments. Production ended in 2007, with no major mechanical changes, as Toyota phased out the MR2 Spyder to focus on other models.