Ford Mustang 1998-2008 - 2019 Market Review

By: Cliff Chambers

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Ford Mustang 1998-2008

Ford’s move to replace its entire FPV range with one US-made model (the Mustang) has brought kudos to the brand and upset some applecarts in the used Mustang market.

Businesses that once made a living from importing basic cars must now focus on the versions Ford doesn’t bring in (not yet anyway) and volumes are significantly lower. People who five years ago paid $100K for Mustang GTs now cannot sell them for anywhere near the money they owe because a Ford dealer will supply a 2019 car with warranty for less.

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Asking prices for the Mustang Cobras that Ford tried to sell from 1999-2002 are generally excessive; $20,000 for a coupe more realistic than the $30,000 often asked.

Mustang Cobra 1998-02 $30,600 [11] 

Cobra Conv. 1998-02 $28,260 [14]

Mustang GT 2005-08 $45,000 [6] 

Shelby GT500 2006-08 $77,990 [8]

Saleen 2006-08 $72,335 [3]

[*] = number of recorded sales

(Note: concours & special cars may demand more.)

Numbers from our 2019 Muscle Car & US Car Value Guide.


Read next: Understanding our value guides

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