
Ford Mustang 428 Cobra Jet
1968 to 1970 · Coupe
Over the past 12 months, 8 have sold publicly at a median of $95,750. The Shifty Estimate for a well-kept example is $99,800. Across the sales we have on file, prices ran from $22,750 to $126,000, depending on mileage, color, and history.
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- Median · 12 mo
- $95,750
- Sales · 12 mo
- 8
Collectible

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Sold $95,000

Sold $126,000

Sold $108,000

Sold $96,500

Sold $67,500
Every 1964 to 1973 Mustang
| 428 Cobra Jet1968 to 1970 | Boss 3511971 | 428 Super Cobra Jet1969 to 1970 | Boss 3021969 to 1970 | Boss 4291969 to 1970 | Mach 11969 to 1973 | California Special1968 | Shelby GT500 Convertible1968 to 1969 | GT Convertible1965 to 1969 | GT Fastback1965 to 1969 | Base Convertible1964 to 1973 | Fastback1964 to 1973 | GT1964 to 1973 | Hardtop1964 to 1973 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Shifty Estimate | $99,800 | $66,000 | $131,000Low confidence | $91,900 | $419,400 | $68,600 | $33,800 | $126,500Low confidence | $46,500 | $75,500 | $30,100 | $66,800 | $25,900 | $15,400 |
| Sold median | $95,7508 sales | $59,0005 sales | $131,0003 sales | $81,00013 sales | $410,0007 sales | $60,25054 sales | $34,7508 sales | $132,0004 sales | $47,00015 sales | $72,52816 sales | $27,50036 sales | $65,500158 sales | $29,750300 sales | $21,00041 sales |
| 12-month move | Too few sales to call | Too few sales to call | Too few sales to call | Down 3.6% | Up 16.8% | Up 32.0% | Too few sales to call | Too few sales to call | Up 5.6% | Too few sales to call | Up 7.8% | Up 8.3% | Down 1.8% | Down 5.7% |
| For sale | None | None | None | None | None | None | None | None | None | None | None | None | None | None |
Specifications
- Engine
- V8, 7.0L
- Power
- 335 hp
- Torque
- 440 lb-ft
- 0 to 60
- 5.5 s
- 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, 8 have sold publicly at a median of $95,750. The Shifty Estimate for a well-kept example is $99,800. Across the sales we have on file, prices ran from $22,750 to $126,000, depending on mileage, color, and history.
What is a 1968 Ford Mustang 428 Cobra Jet worth today?
The Shifty Estimate is $99,800. We rate confidence medium: 8 public sales in a year is a thin market, and the spread between them is wide.
How many Ford Mustang 428 Cobra Jet have sold?
Shifty has 14 public sales of the Ford Mustang 428 Cobra Jet on file. The earliest was on Dec 23, 2024.
What is the most expensive Ford Mustang 428 Cobra Jet sold?
The highest public sale on file is $126,000, on May 27, 2026, with 4,500 mi.
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
About the 1968 Ford Mustang 428 Cobra Jet
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.
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