
Ford Mustang SVT Cobra Convertible
1994 to 2004 · Convertible · 1,993 built
A 1994 Ford Mustang SVT Cobra Convertible cost $23,535 new. Over the past 12 months, 37 have sold publicly at a median of $19,500. The Shifty Estimate for a well-kept example is $26,000. Across the sales we have on file, prices ran from $2,685 to $83,000, depending on mileage, color, and history.
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- Median · 12 mo
- $19,500
- Sales · 12 mo
- 37
- Market cap
- $51.8M · 1,993 built
- Original MSRP
- $23,535Up 10% since new
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Sold $20,250

Sold $29,000

Sold $27,750

Sold $28,750

Sold $18,500
Every SN95
| SVT Cobra Convertible1994 to 2004 | Mach 12003 to 2004 | Bullitt2001 | SVT Cobra R1995 to 2000 | Base Convertible1994 to 2004 | GT1994 to 2004 | GT Convertible1994 to 2004 | GT Premium1994 to 2004 | SVT Cobra1994 to 2004 | |
|---|---|---|---|---|---|---|---|---|---|
| Shifty Estimate | $26,000 | $17,400 | $20,000 | $85,600 | $10,800 | $14,900 | $11,100 | $16,000Low confidence | $24,000 |
| Sold median | $19,50037 sales | $19,2509 sales | $19,0015 sales | $82,5004 sales | Too few sales to call1 sale | $15,25033 sales | $10,27534 sales | Too few sales to call1 sale | $25,25051 sales |
| 12-month move | Up 14.7% | Too few sales to call | Too few sales to call | Too few sales to call | Too few sales to call | Up 8.0% | Down 11.6% | Too few sales to call | Up 27.2% |
| For sale | None | 38 | None | None | None | None | None | None | 1 |
Also on file, with no sale or listing yet: SVT Cobra 10th Anniversary.
Specifications
- Engine
- V8, 5.0L
- Power
- 240 hp
- Torque
- 285 lb-ft
- 0 to 60
- 5.9 s
- Top speed
- 145 mph
- Transmission
- Manual
- Drivetrain
- RWD
- Production
- 1,993 built
- Original MSRP
- $23,535
Common questions
How much does a Ford Mustang SVT Cobra Convertible cost?
A 1994 Ford Mustang SVT Cobra Convertible cost $23,535 new. Over the past 12 months, 37 have sold publicly at a median of $19,500. The Shifty Estimate for a well-kept example is $26,000. Across the sales we have on file, prices ran from $2,685 to $83,000, depending on mileage, color, and history.
What is a 1994 Ford Mustang SVT Cobra Convertible worth today?
The Shifty Estimate is $26,000, up 14.7% over the past 12 months. That sits above the $19,500 median of actual sales because the median counts every car that sold, including high-mileage examples, while the estimate describes a clean, low-mileage one bought today. Confidence is high: 37 public sales in a year gives a firm read.
Is a Ford Mustang SVT Cobra Convertible a good investment?
It has appreciated 10% against its $23,535 list price. Values are up 14.7% over the past 12 months. Only 1,993 were built. The caution is spread, not direction: across the sales we have on file, prices ran from $2,685 to $83,000, and mileage explains most of that.
How many Ford Mustang SVT Cobra Convertible have sold?
Shifty has 87 public sales of the Ford Mustang SVT Cobra Convertible on file. The earliest was on Apr 7, 2023.
What has a Ford Mustang SVT Cobra Convertible sold for at auction?
The 3 most recent public sales we have on file:
- $38,027Oct 19, 2026Sonic Blue Clearcoat · 14,000 mi
- $8,300Oct 7, 2026Rio Red · 130,800 mi
- $20,250Oct 6, 2026Ebony Clearcoat · 18,000 mi
About the 1994 Ford Mustang SVT Cobra Convertible
The SVT Cobra Convertible represents Ford's serious attempt at building a world-class performance drop-top during the Fox-body's twilight and SN-95's early years. The '93 Cobra launched SVT as Ford's in-house skunkworks, with the convertible following in '94. Early cars packed a 240hp 5.0L V8, but the real magic happened in '96 with the modular 4.6L DOHC making 305hp. The controversial '99-'01 cars initially underdelivered on power claims, leading Ford to compensate owners, but the supercharged '03-'04 Terminator Cobras are absolute monsters with 390hp and cult-like following among collectors. Production numbers stayed relatively low compared to GT convertibles, making clean examples increasingly sought-after. The combination of open-air driving and legitimate performance credentials, especially in Terminator form, has cemented these as serious collectibles in the modern muscle car renaissance.
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