What’s a classic Ford Mustang worth?
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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 |
Unique Cars magazine Value Guides
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