Mustangs have had a tumultuous decade as the economy shot asking prices to dizzying heights and back down again, with $50,000 Mustangs going for twice that. Now they have calmed down — witness the one-third drop in asking price for a Boss 429, which set a world record in 2007 with $605,000 and now commands closer to $400,000.
What goes into those record prices at the Bosses, Shelbys, and Cobra Jets end of the Mustang spectrum? Thoroughbred status (OEM parts), ultra-low mileage, and pristine but unrestored conditions, among other qualities.
There’s good news for those of us whose checkbooks operate on a more earthly plane: the average, majority-type cars haven’t seen quite such a dramatic fall in value. If you had been hoping a vintage vehicle would be a better investment than real estate, a look at the info listed here should reassure you.
Listed in the guide are values for more than 200 Mustang models from 1964 ½ to 1973, broken down by condition ratings 1-5. Included are the values for five popular options such as Pony seats, Styled Steel wheels, and, of course, air conditioning, which adds a tidy $4,000 to a Mustang’s worth.
There’s also a run-down of what constitutes each condition rating, as well as guidance on evaluating the incomplete or rust-afflicted car.
CAA makes customized Mustang air conditioning systems for all the model years listed in the Guide. Contact us today for more information about our Mustang-Cougar Perfect Fit Systems and our OEM parts and restoration services.