In 1987, the Ford Mustang received some crucial updates including design changes inside and out, as well as a bump in output for the V-8 engine. Given the drastic changes of the year before, the Fox body Mustang carried over into 1988 largely unchanged.
The base engine was a 2.3-liter four-cylinder, delivering 90hp and 122 pound-feet of torque. Power went through either a 5-speed manual transmission or a four-speed automatic.
The 5.0-liter V-8 received upgrades in ’87 and that carried into ’88, with an output of 225 horsepower and 300 pound feet of torque. You could get the 5.0 with either a 5-speed manual or a 4-speed automatic transmission. The LX 5.0 model shed 200 pounds of weight in the body, plus you could also get GT suspension components on the LX 5.0, making it a genuine sleeper.
The only big addition to the Mustang in ’88 was the exterior color Tropical Yellow. Only a few hundred of these bright Yellow Mustangs were built, making them somewhat collectible.
In 1987, McLaren started taking Mustang coupes and converting them into two-seat, high-performance convertibles. The convertible top conversion was performed by American Sunroof Company (ASC), and performance parts from McLaren were installed. The cabin is outfitted with attractive and supportive sport seats. The clean rear deck lid, rear lip spoiler, and more flush convertible packaging resulted in a more attractive look from the rear of the ASC’s when compared to GT convertibles.
In 1988, the number of ASC McLaren Mustangs grew to 1,015 units, marking the highest production year for the special edition. There were also ASC McLaren versions of the Mercury Capri, and any of them are pretty highly collectible.