✦ Shifty Estimate
$99,800
▲ 15.9% · 12 mo- 12 months median
- $90K
- Sales, 12 months
- 10
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1968 Ford Mustang 428 Cobra Jet
1968 to 1970 · Coupe
Price history
Recent sales
14 sales
1970 · Calypso Coral · 53,200 mi · automatic2026-08-03 · tlakes123$66,000
1969 · Candyapple Red · 687 mi2026-07-23 · Bazey$100,000
1969 · Wimbledon White · manual2026-06-08 · Hthorn$84,000
1969 · Candyapple Red · manual2026-05-30 · Genau_AutoWerks$95,000
1969 · Candyapple Red · 4,500 mi2026-05-27 · JBTodayStudios$126,000
1969 · Acapulco Blue · 39,000 mi · manual2026-02-17 · DoubleD73$108,000
1969 · Wimbledon White · 98,000 mi2026-01-31 · 57SPEEDY$96,500
1970 · Black · 63,000 mi · automatic2025-12-12 · jcastro2839$67,500
1969 · Red · 41,000 mi2025-09-18 · mmacke$41,250
1969 · Red · automatic2025-09-17 · jwalkerman$22,750
1969 · Black · 54,000 mi · automatic2025-07-26 · EHINSD$87,000
1969 · Red · 61,000 mi · automatic2025-06-13 · silverarrowcarsltd$95,000
1969 · Red · 14,000 mi2025-03-20 · Stell3373$43,250
1969 · Red · 83,000 mi2024-12-23 · uncle0gre$75,500
Specifications
- Engine
- V8, 7.0L
- Power
- 335 hp
- Torque
- 440 lb-ft
- 0 to 60
- 5.5s
- Top speed
- 118 mph
- Transmission
- Manual
- Drivetrain
- RWD
Common questions
How much does a Ford Mustang 428 Cobra Jet cost?
Over the past 12 months, 10 have sold publicly at a median of $89,500. The Shifty Estimate for a well-kept example is $99,800. Cars have changed hands anywhere from $41,850 to $114,770, depending on mileage, color, and history.
What is a 1968 Ford Mustang 428 Cobra Jet worth today?
The Shifty Estimate is $99,800, up 15.9% over the past 12 months. We rate confidence medium: 10 public sales in a year is a thin market, and the spread between them is wide.
What has a Ford Mustang 428 Cobra Jet sold for at auction?
The 3 most recent public sales we have on file:
- $66,000Aug 3, 2026Calypso Coral · 53,200 mi
- $100,000Jul 23, 2026Candyapple Red · 687 mi
- $84,000Jun 8, 2026Wimbledon White
The 428 Cobra Jet represents Ford's most serious factory muscle car effort, born from the need to compete with Chrysler's 440 Six Pack and Chevy's L78. Introduced mid-1968, the 428 CJ packed a conservatively rated 335 horsepower, though actual output was closer to 400. The key was Ford's Ram Air induction system and aggressive cam timing that made this engine a true street terror. Available in both fastback and convertible Mustangs through 1970, the CJ could be optioned with the legendary Drag Pack, adding an oil cooler and 3.91 or 4.30 gears. Production numbers remain relatively low compared to lesser Mustangs, making clean examples increasingly valuable. The 1968½ models are particularly sought after as the inaugural year. Today's collectors prize original CJ cars for their authentic period performance credentials and distinctive shaker hood setup on Ram Air equipped models.