1968 Ford Mustang - Classic Car Price Guide

History of the 1967-1968 Ford Mustang

Dearborn's pony car was redesigned for 1967, primarily to make more room up front for an optional big-block V-8. Though the 271-hp 289 “Hi Po” small-block remained available for one last year, it was overshadowed by the 390-cid FE-series big-block, rated at 320 horsepower. Also new for 1967 was the “GTA,” an automatic transmission variation on the continuing GT theme. The GT/GTA segregation was enacted for one year only; all were simply called GTs again, regardless of transmission choice, in 1968. Making more headlines in April 1968 was Ford's announcement of a new engine option. The 335-hp 428 Cobra Jet V-8 was a big-block bully that vaulted the Mustang to the forefront of Detroit's muscle car race. Hot Rod magazine called the '68½ CJ Mustang “the fastest regular production sedan ever built.” Available as a coupe, fastback or convertible, the venomous 428 Cobra Jet Mustang was available through 1970.
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Choose a Submodel for the 1968 Ford Mustang to view classic car value trends for this vehicle

Year Make Model Submodel Body Type Engine Average Value Trend
1968 Ford Mustang Convertible 8-cyl. 289cid/195hp 2bbl
$23,426
Trend
1968 Ford Mustang Coupe 8-cyl. 289cid/195hp 2bbl
$20,106
Trend
1968 Ford Mustang Fastback Coupe 8-cyl. 289cid/195hp 2bbl
$20,881
Trend
1968 Ford Mustang California Special Coupe 8-cyl. 289cid/195hp 2bbl
$23,786
Trend
1968 Ford Mustang GT Convertible 8-cyl. 302cid/230hp 4bbl
$28,010
Trend
1968 Ford Mustang GT Convertible 8-cyl. 390cid/325hp 4bbl
$42,828
Trend
1968 Ford Mustang GT Convertible 8-cyl. 428cid/335hp 4bbl Cobra Jet
$135,750
Trend
1968 Ford Mustang GT Coupe 8-cyl. 302cid/230hp 4bbl
$22,722
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1968 Ford Mustang GT Coupe 8-cyl. 390cid/325hp 4bbl
$28,554
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1968 Ford Mustang GT Coupe 8-cyl. 428cid/335hp 4bbl Cobra Jet
$47,248
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1968 Ford Mustang GT Fastback Coupe 8-cyl. 302cid/230hp 4bbl
$22,632
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1968 Ford Mustang GT Fastback Coupe 8-cyl. 390cid/325hp 4bbl
$39,332
Trend
1968 Ford Mustang GT Fastback Coupe 8-cyl. 428cid/335hp 4bbl Cobra Jet
$55,916
Trend
1968 Ford Mustang High Country Special Coupe 8-cyl. 289cid/195hp 2bbl
$22,971
Trend