1988 Ford Mustang Saleen

2dr Convertible

8-cyl. 5.0L 302cid/225hp SFI High Output

#1 Concours condition#1 Concours
#2 Excellent condition#2 Excellent
#3 Good condition#3 Good

$48,800*

+31.9%
#4 Fair condition#4 Fair
Value GraphJan 2024
Past sales
Preview a graph of past sales or become a Hagerty Drivers Club member for unlimited access to all past sales, including detailed condition descriptions, equipment lists, images and market commentary.
insurance

Protect your 1988 Ford Mustang from the unexpected.

Better coverage built for classics at a price you can afford. Online quotes are fast and easy
More 1988 Ford Mustang Saleen values

Model overview

Model description

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.

Find more values
Search for prices of other cars, trucks, vans and motorcycles
Classic car