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The Marcos 1500 was launched in 1966 due to diminishing sales

The introduction of Ford's 1500 GT engine fitted in perfectly with the this new model. With 85 bhp in standard form and less weight than the 1800, this became a popular model. Under 100 cars were produced at Greenland Mills between 1966 and 1967.

Construction of the wooden chassis was simplified to cut the cost of production and reduce build time. One of the main changes to the chassis being elliptical torsion boxes as opposed to the triangular type of the 1800. The front sub frame was again simplified by using 1 1/2" square tubing as opposed to 1/2" inch diameter round tube of the 1800. The independent rear-suspension was dropped in favour of a live axle. The cars had a top speed of 110 mph.

The 1500 was externally identical to the last of the 1800's. Early cars had a bonded in windscreen which was later changed to a rubber gasket type. At this time the traditional suspended headlining was also dropped and a foam backed fabric lining was bonded directly to the inside of the roof panel. The body style stayed the same right throughout the production run of this model.

The early cars had the classic French polished walnut veneer dashboard, as opposed to the 1800 with its space age facia. After a short period it was discontinued and replaced by a similar but mass produced wood effect dash.

The price of the a new Marcos 1500 was £1370.00.

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Marcos vehicles