1987 Ford Mustang 5.0 GT Convertible

Description

OFFERED WITHOUT RESERVE

After the muscle car era’s heyday in the late 1960s and early ’70s, only two names soldiered on into the 1980s: the Ford Mustang and Chevrolet Camaro. The new-generation Mustang, known as the “Fox body,” offered compact, sporting performance with an electronic fuel-injected V8.  

The Mustang received a facelift for the 1987 model year, inside and out. The front end was restyled to look more like the SVO, which gave the car more of an “Aero” look in keeping with Ford's overall modern styling direction. The interior received an all-new dash with more modern gauges and button clusters on either side of the instrument panel, as well as a center console and revised seat and door trim. With the SVO discontinued, models were now pared down to LX and GT. 

GT models featured new round fog lamps up front, body-colored triple-louvered taillights, aerodynamic lower bodyside skirting with vents ahead of each wheel, and new turbine style 15-inch wheels. And the move from louvered quarter window bezels to clean black glass gave the Mustang a more modern look. 

Under the hood, the Mustang’s 5.0-liter V-8 was updated with new heads, updated fuel injection computer, and a new exhaust system. The result was an increase in output to 225 horsepower and 300 lb-ft of torque. 

Highlights 

• Finished in Bright Red (20) paint over black/red interior (originally Smoke Gray) 

• Powered by a 5.0-liter OHV V8 rated at 225 horsepower and 300 lb-ft of torque 

• Four-speed automatic transmission

• Upgrades in 2023-2024: 

  • New black convertible top 

  • Subtle pinstriping on sides, hood, and trunk 

  • Flowmaster cat-back exhaust system 

  • New LED daytime running lights (DLR) 

  • New headlight enclosures 

  • New lamp bulbs 

  • New disc brakes all around 

  • New front struts 

  • Transmission serviced and flushed 

  • New BFGoodrich P255/60R15 white letter tires (Week 14 of 2023) 

  • New aluminum radiator and newer-model overflow tank 

  • New water pump and thermostat 

  • New 17-inch electric cooling fan 

  • New plugs and wires 

  • New in-tank fuel pump and tank float 

  • Block and cooling system serviced and flushed twice 

  • New alternator 

  • New coil and ignition module 

  • New injectors 

  • New battery 

  • New black and red vinyl/cloth seat covers 

  • New radio head unit with full DIN screen and Bluetooth capability 

  • New backup camera, remote, USB port, and CarPlay 

  • New Dakota Digital replacement cruise control 

  • New Dakota Digital dashboard (all gauges)  

• Clean CARFAX Vehicle History Report 

Features 

• Power top 

• Optional luggage rack 

• Air conditioning 

• Cruise control 

• 160 mph speedometer and odometer, Bosch tachometer, and gauges for battery, coolant temperature, oil pressure, fuel level  

• Analog clock 

Known Imperfections 

• Small paint chips on the original paint, particularly up front, commensurate with the age of the vehicle 

• Dash piece is missing on right side of steering column 

Included 

• Tubeless spare tire 

• Jack 

• Boot for convertible top 

Ownership History 

The accompanying CARFAX Vehicle History Report for this 1987 Ford Mustang GT Convertible begins 5 September 1992 in Bethesda, Maryland, with 44,000 miles on the odometer. After spending time in Florida, the car was sold in June 2003 in Brighton, Michigan. It has changed hands three times since but has remained in Michigan. The Mustang’s current owner has made extensive upgrades since purchasing it in August 2023. 

Additional Notes  

A Broad Arrow Auctions Specialist is working as an agent on behalf of the owner of this vehicle. Broad Arrow Auctions is a wholly owned subsidiary of Hagerty. 

Contact: Craig Zimmerman  Phone: 586.707.5811‬  email: cszimmerman@hagerty.com