1977 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 1977 Ford Mustang II to view classic car value trends for this vehicle

Year Make Model Submodel Body Type Engine Average Value Trend
1977 Ford Mustang II 2+2 Hatchback 6-cyl. 171cid/93hp 2bbl
$3,445
Trend
1977 Ford Mustang II 2+2 Hatchback 8-cyl. 302cid/139hp 2bbl
$3,833
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1977 Ford Mustang II Hardtop 6-cyl. 171cid/93hp 2bbl
$3,440
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1977 Ford Mustang II Hardtop 8-cyl. 302cid/139hp 2bbl
$3,740
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1977 Ford Mustang II Cobra II 2+2 Hatchback 6-cyl. 171cid/93hp 2bbl
$6,734
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1977 Ford Mustang II Cobra II 2+2 Hatchback 8-cyl. 302cid/139hp 2bbl
$7,383
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1977 Ford Mustang II Ghia Hardtop 6-cyl. 171cid/93hp 2bbl
$3,390
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1977 Ford Mustang II Ghia Hardtop 8-cyl. 302cid/139hp 2bbl
$3,730
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1977 Ford Mustang II Mach 1 2+2 Hatchback 6-cyl. 171cid/93hp 2bbl
$3,796
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1977 Ford Mustang II Mach 1 2+2 Hatchback 8-cyl. 302cid/139hp 2bbl
$4,261
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