1974 Ford Mustang II - Classic Car Price Guide

History of the 1974-1978 Ford Mustang II

The second generation Mustang was introduced in response to the growing demand for smaller, less extravagant cars during the embargo-induced fuel crisis of the 1970s. It was indeed the “right car at the right time” for the Blue Oval, selling more than a million units during its four-year run and being named Motor Trend’s Car of the Year in its 1974 debut. The focus on fuel efficiency meant there was no option for a V-8 engine in ’74 Mustangs, but by 1975 a very modest 140hp V-8 was again optional. Midway through its sophomore season, the II gained a 2.3L four-cylinder “MPG” model that was capable of 34 highway mpg. In 1976, special appearance packages like the Cobra II offered various aesthetic items such as a simulated hood scoop, front and rear spoilers and cobra-themed graphics. For 1978, the last year for second generation Mustangs, Ford offered the II in a V-8-only King Cobra performance package in an attempt to reinforce the Mustang’s high-performance roots.
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Choose a Submodel for the 1974 Ford Mustang II to view classic car value trends for this vehicle

Year Make Model Submodel Body Type Engine Average Value Trend
1974 Ford Mustang II Hardtop Coupe 6-cyl. 171cid/105hp 2bbl
$3,633
Trend
1974 Ford Mustang II Hatchback Coupe 6-cyl. 171cid/105hp 2bbl
$3,806
Trend
1974 Ford Mustang II Ghia Hardtop Coupe 6-cyl. 171cid/105hp 2bbl
$3,738
Trend
1974 Ford Mustang II Mach 1 Hatchback Coupe 6-cyl. 171cid/105hp 2bbl
$4,661
Trend