What’s a classic Ford Mustang worth?

By: Cliff Chambers, Unique Cars magazine

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mustang mustang

Cliff Chambers reveals real-world numbers on one of motoring’s great icons – the Ford Mustang

 

Value Guide: Ford Mustang

Ford’s iconic Mustang was a triumph of clever packaging and marketing – the right car at the right time. Technically, it was a very conventional piece of machinery. But add some power and take them racing and you had the start of the pony car era.

There’s no doubt these things have generally been a solid investment for their owners. Here are the numbers…

 

Star car – 1965-66 Mustang Fastback

WHEN THE Dearborn crew was still smarting from its troubling Edsel experience, Lee Iacocca came to the rescue with his winning ‘pony car’, the Mustang. Using the floorpan and driveline of the bread and butter Falcon family car as a platform, he produced a range of sexy, youth-oriented coupes, fastbacks and soft-tops for minimal capital outlay, that went a long way toward restoring Ford’s reputation and ultimately profitability. What’s not to like about doing your Steve McQueen impersonation in a lovely early ’Stang with loud dual pipes?

2000 - $26,680

2004 - $30,825

2008 - $48,345

2012 - $46,045

2016 - $62,360

 

Understanding the chart

Numbers: these figures are drawn from actual sales, not advertised prices.

Condition 1: Original car in very good overall condition, no work required (not concours).

Condition 2: Functional, all there, but minor repairs and refresh needed.

Condition 3: Structurally sound and working, but in need of repair.

I/D: insufficient data, approximate price range shown.

Concours cars may attract a premium.

MODEL YEAR Cond 3 Cond 2 Cond 1
MUSTANG K-CODE COUPE 1965-66 I/D $44,000 $60,000
MUSTANG V8 COUPE 1967-68 $11,000 $22,500 $33,500
MUSTANG V8 COUPE 1969-70 $10,000 $21,000 $30,000
MUSTANG V8 COUPE 1971-73 $6000 $19,000 $28,500
MUSTANG GT V8 COUPE 1994-96 $7000 $14,000 $19,500
MUSTANG GT V8 COUPE 1997-99 $10,000 $16,000 $24,000
MUSTANG GT COUPE 2004-05 I/D $30,000 $42,500
MUSTANG GT COUPE 2006-08 I/D $35,000 $48,000
MUSTANG GT500 COUPE 2006-08 I/D $55,000 $80,000
MUSTANG S281 COUPE 2006-08 I/D $68,000 $105,000
MUSTANG GT500 ROUSH 2005-08 I/D $65,000 $95,000
MUSTANG COBRA COUPE 1999-02 I/D $22,000 $33,500
MUSTANG COBRA CONVERTIBLE 1999-02 I/D $28,500 $40,000
MUSTANG V8 FASTBACK 1965-68 $24,500 $42,500 $65,000
MUSTANG K-CODE FASTBACK 1965-66 $30,000 $60,000 $100,000
MUSTANG GT390 COUPE 1967-68 I/D $52,000 $75,000
MUSTANG GT 390 FASTBACK 1967-68 $28,000 $65,000 $100,000
MUSTANG GTA 390 FASTBACK 1967-68 $30,000 $60,000 $90,000
MUSTANG MACH 1 1969-70 $18,000 $48,000 $70,000
MUSTANG MACH 1 COBRA-JET 1969-70 I/D $65,000 $100,000
MUSTANG MACH 1 FASTBACK 1971-73 $16,500 $33,000 $48,000
MUSTANG MACH 1 BOSS 351 1971-72 $18,000 $47,000 $62,500
MUSTANG BOSS 302 1969-70 I/D $74,000 $135,000
MUSTANG V8 CONVERTIBLE 1964-68 $15,500 $44,000 $57,000
MUSTANG CONVERTBLE 1969-70 $13,000 $33,500 $48,000
MUSTANG CONVERTIBLE 1971-73 $10,000 $28,000 $40,000
MUSTANG V8 CONVERTIBLE 1994-98 $11,000 $20,000 $33,000
MUSTANG V8 CONVERTIBLE 1999-02 $14,000 $28,000 $39,500

  

Value guide home page

 

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