In 1949 the MK.V became available, again in saloon and drophead models. It was fitted with the existing 2.5L and 3.5L engines and had independent front suspension and hydraulic brakes. The body shape was closely related to that of the previous model, but it had detachable spats over the rear wheels and double bumpers. Production of the MK.V ceased in 1951 by which time nearly 11,500 had been made, over 8,500 of which were 3.5L.

An extensive range of parts is available for the MK.V model with over 200 different lines in stock ranging from tools to brake and engine parts.