1995 Ford Mustang GT

2dr Convertible

8-cyl. 302cid/215hp SFI

#1 Concours condition#1 Concours
#2 Excellent condition#2 Excellent
#3 Good condition#3 Good

$8,500*

-11.5%
#4 Fair condition#4 Fair

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Value Graph04/2407/2410/24$2k$4k$6k$8kJan 2025

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1994-2004 Ford Mustang stats
Number produced **
16,668
Highest sale
$715,000
Lowest sale
$1,650
Most recent sale
$33,600
Sales
2323
** Number produced is specific to this year and configuration.
Explore Hagerty Price Guide values for this generationResearch values for all configurations from this generation on a single page
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Photos

45 photosImages may not reflect selected vehicle.

1996 Ford Mustang GT 2dr Coupe Courtesy of Classic Auto Mall
1996 Ford Mustang GT 2dr Coupe Courtesy of Classic Auto Mall
1996 Ford Mustang GT 2dr Coupe Courtesy of Classic Auto Mall
1996 Ford Mustang GT 2dr Coupe Courtesy of Classic Auto Mall
1996 Ford Mustang GT 2dr Coupe Courtesy of Classic Auto Mall
1996 Ford Mustang GT 2dr Coupe Courtesy of Classic Auto Mall
1996 Ford Mustang GT 2dr Coupe Courtesy of Classic Auto Mall
1996 Ford Mustang GT 2dr Coupe Courtesy of Classic Auto Mall
1996 Ford Mustang GT 2dr Coupe Courtesy of Classic Auto Mall
1996 Ford Mustang GT 2dr Coupe Courtesy of Classic Auto Mall
1996 Ford Mustang GT 2dr Coupe Courtesy of Classic Auto Mall
1996 Ford Mustang GT 2dr Coupe Courtesy of Classic Auto Mall
1996 Ford Mustang GT 2dr Coupe Courtesy of Classic Auto Mall
1996 Ford Mustang GT 2dr Coupe Courtesy of Classic Auto Mall
1996 Ford Mustang GT 2dr Coupe Courtesy of Classic Auto Mall
1996 Ford Mustang GT 2dr Coupe Courtesy of Classic Auto Mall
1996 Ford Mustang GT 2dr Coupe Courtesy of Classic Auto Mall
1996 Ford Mustang GT 2dr Coupe Courtesy of Classic Auto Mall
1996 Ford Mustang GT 2dr Coupe Courtesy of Classic Auto Mall
1996 Ford Mustang GT 2dr Coupe Courtesy of Classic Auto Mall
1996 Ford Mustang GT 2dr Coupe Courtesy of Classic Auto Mall
1996 Ford Mustang GT 2dr Coupe Courtesy of Classic Auto Mall
1996 Ford Mustang GT 2dr Coupe Courtesy of Classic Auto Mall
1996 Ford Mustang GT 2dr Coupe Courtesy of Classic Auto Mall
1996 Ford Mustang GT 2dr Coupe Courtesy of Classic Auto Mall
1996 Ford Mustang GT 2dr Coupe Courtesy of Classic Auto Mall
1996 Ford Mustang GT 2dr Coupe Courtesy of Classic Auto Mall
1996 Ford Mustang GT 2dr Coupe Courtesy of Classic Auto Mall
1996 Ford Mustang GT 2dr Coupe Courtesy of Classic Auto Mall
1996 Ford Mustang GT 2dr Coupe Courtesy of Classic Auto Mall
1996 Ford Mustang GT 2dr Coupe Courtesy of Classic Auto Mall
1996 Ford Mustang GT 2dr Coupe Courtesy of Classic Auto Mall
1996 Ford Mustang GT 2dr Coupe Courtesy of Classic Auto Mall
1996 Ford Mustang GT 2dr Coupe Courtesy of Classic Auto Mall
1996 Ford Mustang GT 2dr Coupe Courtesy of Classic Auto Mall
1996 Ford Mustang GT 2dr Coupe Courtesy of Classic Auto Mall
1996 Ford Mustang GT 2dr Coupe Courtesy of Classic Auto Mall
1996 Ford Mustang GT 2dr Coupe Courtesy of Classic Auto Mall
1996 Ford Mustang GT 2dr Coupe Courtesy of Classic Auto Mall
1996 Ford Mustang GT 2dr Coupe Courtesy of Classic Auto Mall
1996 Ford Mustang GT 2dr Coupe Courtesy of Classic Auto Mall
1996 Ford Mustang GT 2dr Coupe Courtesy of Classic Auto Mall
1996 Ford Mustang GT 2dr Coupe Courtesy of Classic Auto Mall
1996 Ford Mustang GT 2dr Coupe Courtesy of Classic Auto Mall
1996 Ford Mustang GT 2dr Coupe Courtesy of Classic Auto Mall
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Model overview

Model description

The third generation Fox Body Mustang had brought a legitimate performance image back to Ford’s pony car during the 1980s, but by the early 1990s the design was a bit long in the tooth, and something fresh was needed. While based on an updated version of the Fox platform, the new fourth generation Mustang that started rolling out of Dearborn in 1993 was nevertheless a thoroughly new car and the first major update for the Mustang in 15 years. Base cars featured a 3.8-liter V-6 with 4-speed automatic or 5-speed manual, while the Mustang GT introduced for 1994 had a 5.0-liter V-8 similar to the one in the outgoing Fox Body GT as well as stiffer suspension and bigger wheels. The 1995-only Mustang GTS further lightened the GT package with fewer convenience features. Suspension was by MacPherson struts up front, and there was a solid rear axle.

For 1996, the Mustang GT got a new heart in the form of Ford’s aluminum 4.6-liter Modular V-8 engine, which made 215 hp and 285 lb-ft of torque but by 1998 was up to 225 hp and 290 lb-ft. This engine was also used in Ford’s SVT Cobra Mustangs, which were assembled by hand in Romeo, Michigan. SVT was able to milk 305 hp and 300 lb-ft of torque out of the 4.6-liter.

1999 saw a facelift so significant that it might be easy to mistake it for an all-new design, but under the sharper, boxier bodywork the Mustang was largely the same car aside from a more potent 260-hp version of the 4.6-liter engine in the Mustang GT. This body style lasted until the fourth generation was replaced after 2004, and perhaps the most attractive special model was the Bullitt model of 2001, which was a tribute to the 390 fastback used in the 1968 film Bullitt with Steve McQueen. 2001 Bullitt Mustangs featured special dark green paint, upgraded shocks, Cobra brakes, Torq-Thrust-style wheels, a different hood scoop, a new intake and high-flow mufflers. Power was up to 265 hp, while torque jumped significantly to 305 lb-ft and was available lower in the rev range. The fog lamps and rear spoiler were also deleted.

Other special models included the 2003-04 Mach 1, which featured a 305-hp engine based on the Cobra, a shaker hood scoop, Magnum 500-style wheels, and suspension similar to the setup on the Bullitt. There was also a 100th anniversary car in 2003 with black paint and premium leather seating, as well as a 40th anniversary car in 2004 that’s mostly distinguished by anniversary badging.

Despite the major 1999 restyle, the platform underneath was at the end of its development potential by the 2000s, and for 2005 an all-new retro-styled fifth generation Mustang debuted. Fourth generation Mustangs are plentiful with almost one and a half million built, and there are always plenty of them on the market. Condition varies widely, from worn out track cars and high-mile daily drivers to pristine like-new time capsule examples. The most desirable examples are special edition and SVT cars.

Vehicle specifications

  • Wheel Base Shortest - Inches101.3
  • Wheel Base Longest - Inches101.3
  • Shipping Weight3451
  • Drive TypeRWD
  • Manufacturer NameFord
  • Front Tire Size16R225
  • Manufacturer MSRP22595
  • Market SegmentationMid Size Sport
  • Manufacturer CodeC134
  • Front Tire Size Code39

Equipment

  • StandardOptional
  • Transmission5 Speed Manual4 Speed Automatic
  • Power BrakesYes
  • Power SteeringYes
  • EntertainmentAM/FM
  • Air ConditioningYes
  • Power WindowsYes
  • Tilt Steering WheelYes
  • Restraint typeDual Front Air Bag/Active Belts

Equipment

Standard

  • Transmission5 Speed Manual
  • Power BrakesYes
  • Power SteeringYes
  • EntertainmentAM/FM
  • Tilt Steering WheelYes
  • Restraint typeDual Front Air Bag/Active Belts

Optional

  • Transmission4 Speed Automatic
  • Air ConditioningYes
  • Power WindowsYes
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Common Questions

The value of a 1995 Ford Mustang GT can vary greatly depending on its condition, mileage, options, and history. Typically, you can expect to pay around $8,100 for a 1995 Ford Mustang GT in good condition with average spec.

The highest selling price of a 1995 Ford Mustang GT at auction over the last three years was $24,200. The highest prices are usually reserved for rare or exceptionally well-maintained examples with desirable features or modifications and excellent history.

The lowest selling price of a 1995 Ford Mustang GT at auction over the last three years was $4,450. The lowest prices are usually paid for examples that have extensive maintenance needs, differ greatly from their original configuration, or have accident histories or title problems.

In the last three years there have been 27 1995 Ford Mustang GTs sold at public auction.

The most recent auction sale of a 1995 Ford Mustang GT was $15,660 on February 21, 2025 by GAA Classic Cars.

Many factors can increase a car's value including excellent condition, exceptional originality, a recent restoration, low mileage, unique provenance, desirable options, popular or unique color choices, and excellent maintenance records. Upgrades and modifications that enhance performance or aesthetics can also add value.

Factors that can decrease a car's value include unusually high mileage, poor maintenance history, visible wear and tear, accidents or damage, title issues, and gaps in ownership history. Additionally, less popular color choices and extensive modifications that don't appeal to a broad audience can reduce value.

Mileage plays a significant role in a classic car’s value. Lower mileage usually increases value because it indicates a higher degree of originality, is rarer, and suggests less wear and tear. However, cars with exceptionally low mileage may also have maintenance needs due to lack of use. Whether someone should pay more for a vehicle with lower miles will depend on how they plan on using it, and the vehicle's specific condition.

The value of modified cars differs widely based on the type and quality of modifications. While some modifications can significantly increase value, especially performance enhancements and high-quality custom work, others may not add much or could even detract from the car’s value if they appeal to only a limited audience.

All prices shown here are based on various data sources, as detailed in About Our Prices. The Hagerty Price Guide is for informational purposes only and is not intended as financial advice. More information on how forecast models are calculated can be found on Forecasted Values page. For additional information and a complete description of benefits, visit hagerty.com/legal. Purchase of insurance not required for membership in HDC. Hagerty, Hagerty Valuation Tools & Hagerty Drivers Club are registered trademarks of The Hagerty Group LLC, ©2025 The Hagerty Group, LLC. All Rights Reserved. The Hagerty Group, LLC is a wholly owned subsidiary of Hagerty, Inc.