How much is a 1988 Mustang worth?

Vehicle Valuation Analysis

Bodystyles Median Sale
GT Convertible $6,975
GT Hatchback Coupe $3,740
LX Convertible $4,500

What year Mustang is the most sought after?

Let’s start by acknowledging the omission here: The most valuable Mustang from the first generation—or any generation, for that matter—is the 1965 Shelby GT350R, which currently has an average condition #2 value of $898,000.

Are Mustangs appreciating in value?

Of the top ten used vehicles with the largest year-over-year price increases, the Mustang ranked ninth. Average used Ford Mustang prices have risen to $36,476, a whopping $10,656 or 41.3 percent more than last June.

Is Mustang a good investment?

Of all classic cars, Mustangs were quite literally built to be reliable, and today’s technology has made it possible and accessible to extend their lives almost indefinitely. In milestone and monetary terms, they make a good investment.

How much did a 1988 Mustang GT cost?

Mustang GT MSRP by Year

Year / Model / Trim Base MSRP Adj. for Inflation
1988 Mustang GT 2-Door Hatchback $12,745 $27,153
1988 Mustang GT 2-Door Convertible $16,610 $35,387
1989 Mustang GT 2-Door Convertible $17,512 $35,594
1989 Mustang GT 2-Door Hatchback $13,272 $26,976

How much horsepower does a 1988 Mustang 5.0 have?

Engine Specs

Engine Name & Year Power (hp @ RPM)
1988 – 140 Lima Inline 4 Engine (2.3 L) 90 hp @ 3800 RPM
1988 – 302 H.O V8 (5.0 L) 225 hp @ 4200 RPM

Which Mustang engine is best?

5 Best Mustang Engines

  • 428CI Cobra Jet (1968-1970)
  • 289CI Windsor HiPo (1965-1967)
  • Boss 302CI (1969-1970)
  • Shelby Supercharged 5.8L (2013-2014)
  • Coyote 5.0L (2011-Present)
  • Power On-Demand.

What is the rarest classic Mustang?

According to MotorTrend, the 1967 Shelby GT500 Convertible is arguably the rarest Mustang of them all. If you’ve never heard of this Mustang, it’s probably for a good reason—only one exists! In the mid-’60s, the GT500 convertible got held up with production issues due to lack of fiberglass.

Why are Foxbody Mustangs so popular?

Racing Reputation
So much so that racers that want to go fast with a Chevy engine, tend to put them into the Fox! With its lightweight frame and engine bay that takes multiple different engines, the 1979-93 Mustang is viewed as one of, if not, the best ’80s and ’90s vehicle for drag racing.

What is a good price for a used Mustang?

Find a Used Ford Mustang Near You

TrueCar has 6,541 used Ford Mustang models for sale nationwide, including a Ford Mustang EcoBoost Fastback and a Ford Mustang EcoBoost Premium Fastback. Prices for a used Ford Mustang currently range from $2,900 to $299,900, with vehicle mileage ranging from 5 to 228,702.

Why are older Mustangs so cheap?

Used Ford Mustangs are so cheap because there are just so many of them out there. Since 1965, almost 10 million of them have been sold. With that many of them on the road, there will always be a good used market with some incredible deals.

Why is classic Mustang so popular?

When it comes to the Ford Mustang, it enjoys an iconic status as a reliable and affordable American car. With its Shelby and Boss variants, it gained widespread recognition and has become popular long after the classic models had ceased production.

How much horsepower does a 1988 Mustang have?

How much horsepower did a 1988 Mustang GT have?

1988 Ford Mustang GT 5.0L EFi HO V-8 (168 kW / 228 PS / 225 hp) (since October 1987 for North America U.S.) specs review.

Are Fox body Mustangs increasing in value?

Though these are not the most expensive hot rods within the collector car world, the Fox Body Mustangs are already becoming classic cars and their value will only be on the rise over the coming years.

Is the Ford 302 a good engine?

The Ford 302 had a very long run and was in production for 33 years. It was used in everything from performance vehicles focused on the track, all the way through trucks. In its lifetime it gained a lot of popularity and many 302 enthusiasts still regard it as one of the best engines that Ford ever produced.

What year Mustang has the best motor?

With 662 horsepower and 631 pound feet of torque, the 2013 GT500 is the most powerful Mustang Ford has ever builtOpens a new window, and for a time, it was the most powerful production car engine ever built in North America.

What is the fastest old school Mustang?

The 2000 Cobra R was rare and formidable
At the time the 2000 SVT Mustang Cobra R was the fastest Mustang ever built. It used a 5.4-liter supercharged V8 that made 385 horsepower. With that, it could hit 60 mph in just 4.4 seconds (MotorTrend), and top out at 170 mph.

What is the most desirable Mustang?

These are the greatest Mustang model years, ranked.

  • 8 1968 Ford Mustang California Special.
  • 7 1969 Ford Mustang Boss 429.
  • 6 1971 Ford Mustang Mach 1.
  • 5 2000 Ford Mustang SVT Cobra R.
  • 4 2012 Ford Mustang Boss 302 Laguna Seca.
  • 3 2016 Shelby GT350.
  • 2 2020 Ford Shelby Mustang GT500. Via
  • 1 Ford Mustang Mach 1. via ford.

Are old Mustangs rare?

These limited edition Mustang models are very rare and they perform so well that you may have never heard of them. Since its birth in 1964, the Ford Mustang has taken the world by storm as the quintessential American performance car and the big toy that young people love.

Only 1 units.

Rank Company Country
#5 Honda Japan

Are Fox Body Mustangs going up in value?

What is the most desirable Fox Body Mustang?

But the Fox-body that sticks out to us the most, as the best, is the 1993 SVT Cobra—the last model year of the style, and one of the most important Mustangs ever made.

Why are used Mustangs so expensive right now?

The global chip shortage is the primary reason used cars are so expensive right now. With the limited production and availability of new vehicles, private sellers and dealerships are searching for more used vehicles to supplement their inventories.

Why did Mustang prices go up?

In reports from outlets like CNBC, it’s been revealed that Ford Motors is hiking the prices of its Mustang Mach-E between $3,000 and $8,475 (depending on the model) due to “significant material cost increases, continued strain on key supply chains, and rapidly evolving market conditions.”

Are old Mustangs easy to work on?

The older classic Mustangs are super easy to work on. They have plenty of room to get their hands in and out and they lack the modern wiring harnesses of the later years. The newer the car is, the more complicated repairs will become. The more complicated the repairs are, the more expensive the maintenance will be.