1966 Ford Mustang - Classic Car Price Guide

History of the 1964½-1966 Ford Mustang

Though more or less a mundane Falcon beneath its sporty skin, Ford's new Mustang still looked like nothing ever seen before when it burst onto the scene in April 1964. More than 417,000 were sold within a year, a new Detroit record. Bucket seats and a floor shifter were standard, and either six-cylinder or 289-cid V-8 power was available under that long hood. Ford's K-code High Performance 289, rated at 271 horsepower, remained the hottest optional engine up through 1966.

Unveiled right after the so-called “1964½” run morphed into the traditional 1965 model year, the even sportier 2+2 fastback pushed the Mustang's body count to three, joining the carryover coupe and convertible. Another choice, the Mustang GT offered in all three shapes, debuted in April 1965 to help mark the “pony car's” first birthday. Various details set a 1965 Mustang apart from its 1964½ predecessor; the easiest to remember was Ford's switch from archaic generator to a modern alternator.

Click here to read Hemmings Motor News' Buyers Guide for the 1964 1/2-1966 Ford Mustang.

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Choose a Submodel for the 1966 Ford Mustang to view classic car value trends for this vehicle

Year Make Model Submodel Body Type Engine Average Value Trend
1966 Ford Mustang Convertible 8-cyl. 289cid/200hp 2bbl
$25,595
Trend
1966 Ford Mustang Coupe 8-cyl. 289cid/200hp 2bbl
$15,060
Trend
1966 Ford Mustang Fastback Coupe 8-cyl. 289cid/200hp 2bbl
$25,602
Trend
1966 Ford Mustang GT Convertible 8-cyl. 289cid/225hp 4bbl
$30,950
Trend
1966 Ford Mustang GT Convertible 8-cyl. 289cid/271hp 4bbl Hi-Perf
$54,720
Trend
1966 Ford Mustang GT Coupe 8-cyl. 289cid/225hp 4bbl
$21,776
Trend
1966 Ford Mustang GT Coupe 8-cyl. 289cid/271hp 4bbl Hi-Perf
$29,670
Trend
1966 Ford Mustang GT Fastback Coupe 8-cyl. 289cid/225hp 4bbl
$28,036
Trend
1966 Ford Mustang GT Fastback Coupe 8-cyl. 289cid/271hp 4bbl Hi-Perf
$41,364
Trend