✦ Shifty Estimate
$13,100
▼ 19.6% · 12 mo- 12 months median
- $12K
- Sales, 12 months
- 44
- Original MSRP
- $20,160 · ▼ 35% since
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1994 Ford Mustang GT Convertible
1994 to 2004 · Convertible
Price history
Recent sales
79 sales
2005 · Black · 60,200 mi · automatic2026-09-03 · Matt_Lowney$20,000
2004 · Oxford White · 76,850 mi · automatic2026-09-03 · Matt_Lowney$5,750
1993 · Black Clearcoat · 54,000 mi · automatic2026-09-02 · HopalongMotorCars$21,000
1994 · Vibrant Red Clearcoat · 13,000 mi · automatic2026-08-19 · Golfergal$15,500
2005 · Satin Silver Metallic · 47,000 mi · manual2026-08-10 · zoomgt2005$21,750
2005 · Black (UA) · 50,000 mi · automatic2026-08-07 · scc1962$15,050
2000 · Orange · 88,000 mi2026-07-31 · Harjas$7,700
1991 · Oxford White · automatic2026-07-24$26,400
2002 · Blue · manual2026-07-22$12,650
2005 · Sonic Blue · manual2026-07-22$17,050- 2006 · Black · 12,415 mi2026-07-10$19,128
2003 · Black Clearcoat · 1,200 mi · manual2026-06-24 · VintageMotorCarsUSA$22,000
1995 · Deep Forest Green Clearcoat Metallic · 75,000 mi2026-06-03 · bayboat$6,850
1995 · Mystichrome · manual2026-05-16$18,700
1998 · Crystal White · 46,500 mi · manual2026-05-11 · Tjs528$6,550
2005 · Silver · manual2026-05-08$9,350
2000 · Silver Metallic · 98,800 mi · manual2026-05-04 · Stephen_Golden$6,750
1993 · Reef Blue Clearcoat Metallic · 17,000 mi · manual2026-04-10 · p1_motorcars_ltd$33,500
2004 · Crimson Red · 27,000 mi · manual2026-03-26 · Reconjr$15,000
2003 · Torch Red · 20,000 mi · manual2026-03-25 · christer1970$12,870
2002 · Oxford White Clearcoat · 52,000 mi · manual2026-03-23 · CJ239$9,100
1999 · Silver Clearcoat Metallic · 22,000 mi · automatic2026-03-15 · Stuttgart_Steel$15,000
2004 · Sonic Blue Metallic · 83,000 mi2026-03-02 · SpartanIH117$10,250
1999 · Silver Clearcoat Metallic · 53,000 mi · manual2026-03-01 · Laurie2222$13,800
2006 · Black · 63,000 mi2026-02-27 · NorCalCarGuy530$12,750
2002 · Laser Red Tinted Clearcoat (E9) · 85,000 mi · automatic2026-01-18 · SpartanIH117$7,000
2000 · Crystal White · 49,000 mi · manual2025-12-30 · CraigZimmerman$9,850
2000 · Black Clearcoat · 43,000 mi · automatic2025-12-26 · Ethan_Nett$8,000
2001 · Laser Red · 54,700 mi · automatic2025-12-19 · PreciseAutomotiveGroup$8,027
1998 · Rio Red Tinted Clearcoat · 27,000 mi · automatic2025-12-19 · LUX-AUTO$10,500
2007 · Torch Red · 2,300 mi2025-12-18 · moparpetty$37,000
1993 · Reef Blue Clearcoat Metallic · 454 mi · manual2025-12-09 · michaelmotorcar$54,000
1992 · Deep Emerald Green Clearcoat Metallic · 53,000 mi · automatic2025-12-01 · JCPelttier$11,250
1998 · Rio Red Tinted Clearcoat · 76,000 mi · automatic2025-11-28 · Handar1987$9,999
2002 · Zinc Yellow · 10,000 mi · automatic2025-11-24 · Jad0087$15,567
1993 · Vibrant White · 28,000 mi · automatic2025-11-13 · 96Impala$11,750
2003 · Black · 86,200 mi · manual2025-11-07 · Slater925$7,250
1999 · Performance Red · 34,000 mi · automatic2025-11-04 · scc1962$12,500
2004 · Screaming Yellow · 37,000 mi · automatic2025-11-03 · stevnnh$11,250
1995 · Black · 34,000 mi · manual2025-10-09 · ssshahbazian$9,500
1995 · White · 18,000 mi · automatic2025-10-01 · NevEP$11,000
2002 · Red · 41,000 mi · manual2025-09-07 · Raymo24$13,750
1995 · Blue · 104,000 mi · automatic2025-09-05 · news980$5,850
2007 · White · 14,000 mi · manual2025-09-01 · beharringtonri$24,750
1996 · Pacific Green · 95,488 mi · manual2025-08-28 · Matt_Lowney$5,000
2002 · Black · 12,000 mi · automatic2025-08-26 · Musclefanatic$15,000
2004 · Red · 8,000 mi2025-08-08 · 911r$21,500
1993 · White · 30,000 mi · manual2025-08-06 · powertechselect$35,000
2002 · Yellow · 19,000 mi · manual2025-07-26 · 920auto$20,000
2001 · Gray · 2,000 mi · automatic2025-07-20 · giddiedown80$17,750
1997 · Red · 41,000 mi · manual2025-07-01 · Mario_L.$9,200
2004 · Red · 16,000 mi · manual2025-06-26 · Stang33$15,500
1998 · Pacific Green · 41,000 mi · automatic2025-06-23 · AS801A$7,700
2001 · Yellow · 8,000 mi · automatic2025-06-21 · Vails$20,000
1995 · Dark Tourmaline · 9,000 mi · automatic2025-06-04 · Straca$13,000
2006 · Vista Blue · 49,792 mi · automatic2025-06-02 · Carolinablue$18,750
1995 · Crystal White · 66,519 mi · automatic2025-04-24 · John1956$8,750
2002 · Torch Red · 69,100 mi · manual2025-03-17 · MRHusty$8,150
1995 · Blue · 10,000 mi · manual2025-02-19 · Mpls66$17,500
2000 · Silver Metallic · 121,100 mi · manual2025-02-06 · B5RT$5,600
2001 · True Blue Metallic · 53,700 mi · manual2024-11-01 · FoundSoul9$7,599
1994 · Yellow · 681 mi · manual2024-10-31 · wherringsr$28,500
1994 · Red · 69,000 mi · automatic2024-10-30 · Nortonmc$6,400
1994 · Laser Red · 18,900 mi · automatic2024-10-25 · jpeters359$10,250
1995 · Black · 47,000 mi2024-10-05 · jags1989$7,500
2007 · Blue · 46 mi · manual2024-09-14 · DNAAutohaus$46,000
2001 · White · 21,000 mi · manual2024-08-09 · michaelmotorcar$16,750.jpg?t=172073580947)
1994 · Laser Red Metallic · 77,900 mi · automatic2024-07-26 · Blpardue$3,800.jpg?t=172071206112)
1995 · Rio Red · 64,600 mi · automatic2024-07-19 · GeoWebNerd$6,500
1994 · Red · 12,000 mi2024-04-24 · KTOMPKIN$19,470
1996 · Gray · 51,000 mi · manual2024-02-24 · Benrafahi$8,150.jpg?t=170407600053)
1994 · Green · 99,500 mi · manual2024-01-09 · Joe_Avocado$7,123
1995 · Red · 122,000 mi · manual2023-12-23 · gregtolleson$9,100
1995 · Red · 37,000 mi2023-11-27 · Dannaleo$7,501
2004 · White · 6,000 mi · automatic2023-09-02 · camrks54$20,250
1994 · White · 59,000 mi · automatic2023-08-03 · 58chevy3bay$9,702.jpg?t=168828028966)
2001 · Laser Red · 19,000 mi · automatic2023-07-13 · kylesplace$16,750- 1999 · Chrome Yellow · 23,839 mi · automatic$13,495
2000$8,960
Specifications
- Engine
- V8, 5.0L
- Power
- 215 hp
- Torque
- 285 lb-ft
- 0 to 60
- 7.5s
- Top speed
- 129 mph
- Transmission
- Manual
- Drivetrain
- RWD
- Original MSRP
- $20,160
Common questions
How much does a Ford Mustang GT Convertible cost?
A 1994 Ford Mustang GT Convertible cost $20,160 new. Over the past 12 months, 44 have sold publicly at a median of $12,125. The Shifty Estimate for a well-kept example is $13,100. Cars have changed hands anywhere from $6,770 to $20,800, depending on mileage, color, and history.
What is a 1994 Ford Mustang GT Convertible worth today?
The Shifty Estimate is $13,100, down 19.6% over the past 12 months. Confidence is high: 44 public sales in a year gives a firm read.
Is a Ford Mustang GT Convertible a good investment?
It has depreciated 35% against its $20,160 list price. Values are down 19.6% over the past 12 months. The caution is spread, not direction: across the sales we have on file, prices ran from $3,800 to $54,000, and mileage explains most of that.
What has a Ford Mustang GT Convertible sold for at auction?
The 3 most recent public sales we have on file:
- $20,000Sep 3, 2026Black · 60,200 mi
- $5,750Sep 3, 2026Oxford White · 76,850 mi
- $21,000Sep 2, 2026Black Clearcoat · 54,000 mi
The SN95-generation Mustang GT Convertible represents Ford's successful reinvention of the pony car for the '90s. Built on the Fox platform's evolution, these GTs packed a 4.6-liter SOHC V8 producing 215-260 horsepower depending on year, paired with either a 5-speed manual or 4-speed automatic. The convertible's power-operated soft top and improved structural rigidity addressed earlier concerns about flex and refinement. Notable updates include the 1999 refresh with revised styling and the introduction of the superior PI (Performance Improved) heads in 2001, boosting output to 260 hp. While overshadowed by the SVT Cobra, clean examples with low miles are increasingly sought after by collectors who appreciate their blend of accessible performance and open-air driving. The final 2004 models, particularly in desirable colors like Torch Red or Mineral Grey, represent the end of an era before the retro-styled S197 generation arrived.