Fox Body Mustang Values - Boom & Bust - And Why...
We've had feedback on our Fox Mustang values article, which showed up in a recent issue of Mustang Monthly. Not all of you agree with our findings. But here's the way it is. Supply and demand are what drive prices. So is the economy, which is also rooted in supply and demand.
Ford produced an unwieldy numbers of Fox body Mustangs between 1979 and 2004. Millions of them. Although rare Fox body Mustangs still command generous prices (depending on type), most are well below what they used to be because there are so many of them. Condition dictates price once rarity has been established. The hottest Fox body Mustangs remain 1994-04 followed by the 1987-93 Mustang GTs and 5.0L LX models. Collectors like the 1985 Mustang GT for its status as the last carbureted Mustang. Although not many 20th Anniversary Mustang GTs survive in showroom condition, they didn't pan out to be the hot collector car we thought they would in 1984 when some of us were putting them in storage.
Another factor in Fox body Mustang values is the SN197 2005-09 Mustang, which has been a smashing success. It has become the hottest late-model Mustang ever - stealing the Fox 5.0's thunder.
With 1979-2004 Mustangs, find the gold in this economic crisis. If you want a hot "bang for the buck" Mustang fun car, the 1987-04 Mustang is the way to get there. If you are a seller hoping for better times, you're going to have to wait it out and consider your late-model Mustang a good investment in your mental well being. Drive and enjoy it.