✦ Shifty Estimate
$17,900
- 12 months median
- $17K
- Market cap
- $35.7M · 1,993 built
- Sales, 12 months
- 33
- Original MSRP
- $23,535 · ▼ 24% since
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1994 Ford Mustang SVT Cobra Convertible
1994 to 2004 · Convertible · 1,993 built
Price history
Recent sales
75 sales
2003 · Black Clearcoat · 18,000 mi2026-08-30 · FineWhineEnthusiast$35,000
1997 · Pacific Green Clearcoat Metallic · 57,000 mi · manual2026-08-23 · rock1234$15,500
2003 · Redfire Clearcoat Metallic · 30,000 mi · manual2026-08-23 · Sgtpenguin08$31,000
2001 · Ebony Clearcoat · 61,000 mi · manual2026-08-21 · KevinLbs$12,500
2001 · Black · 26,700 mi · manual2026-08-20 · s1tony$15,750
2003 · Ebony Clearcoat · 27,000 mi2026-08-15 · ShirtPants$32,000
2003 · Sonic Blue Clearcoat · 5,650 mi · manual2026-08-06 · Brewer$52,500
1998 · Laser Red Tinted Clearcoat · 46,000 mi · manual2026-07-28 · jbackslash$12,000
1996 · Black Clearcoat (UA) · 57,300 mi · manual2026-07-14 · Private.Collection.Chicago$10,249- 1998 · green · 32,109 mi · automatic2026-07-11$2,685
2003 · Ebony Clearcoat · 59,000 mi2026-07-10 · mcqueens$31,000
1996 · Laser Red (E9) · 36,000 mi · manual2026-07-05 · Jrun$15,751- 2003 · DARK SHADOW GRAY · manual2026-06-27$44,000
1994 · (E8) Rio Red Tint Clearcoat · 79,200 mi · manual2026-06-02 · Donnie_Gould$12,800
1996 · Laser Red Tinted Clearcoat Metallic · 20,000 mi · manual2026-05-25 · rwarrensr$19,200
2004 · Mystichrome Clearcoat · 6,000 mi · manual2026-05-22 · jrusauto$50,501
1999 · Rio Red · 12,200 mi · manual2026-05-19 · TopCarsCollection$17,000
1995 · Black · manual2026-04-10$11,000
2003 · Black (UA) · 73,000 mi · manual2026-04-01 · DEMercier$24,350
2003 · Black · 53,100 mi · manual2026-03-17 · debags$28,500
2001 · Mineral Gray Clearcoat · 44,000 mi · manual2026-03-08 · CAGNASH$19,500
1997 · Ruby Red · 57,000 mi · manual2026-01-26 · dphippen$10,500
1998 · Laser Red Tinted Clearcoat (E9) · 49,000 mi2026-01-16 · torelloamerican$12,999
2003 · Silver Clearcoat Metallic · 58,000 mi · manual2025-12-15 · motorcarmarketusa$24,000
2001 · Mineral Gray Clearcoat · 46,000 mi · manual2025-12-07 · PacificAutohaus$19,333
1996 · Laser Red Tinted Clearcoat · 28,000 mi · manual2025-11-18 · mcqueens$12,100
2003 · Redfire · 13,400 mi · manual2025-10-27 · randyblane$31,000
1998 · Crystal White · manual2025-10-01 · LSS$6,000
1998 · White · 29,000 mi · manual2025-09-25 · mcqueens$17,000
1994 · Red · 31,000 mi · manual2025-09-18 · GregDantas$16,000
1999 · Black · 41,000 mi2025-09-10 · Bileeg$11,500
2001 · White · 14,000 mi2025-09-06 · Olismith$17,000
2003 · Red · 15,000 mi2025-09-04 · RobLibera$38,000
1998 · Bright Atlantic Blue · 134,060 mi · manual2025-08-20 · EddieBrown_tvxw$11,250- 1999 · Black · 13,679 mi · manual2025-08-05$17,750
1999 · Red · 47,000 mi · manual2025-08-01 · Fairlane77$17,000
1994 · Red · 5,000 mi · manual2025-07-24 · sgraff88$15,250
2003 · Black · 9,030 mi · manual2025-07-23 · BurnyzzLLC$31,000
1999 · White · 50,000 mi · manual2025-06-21 · GCEA$21,500
1999 · Black · 15,000 mi · manual2025-06-11 · jbauder75$19,250
1994 · Rio Red · 39,300 mi · manual2025-06-09 · myctsv$16,500
2003 · Black · 28,000 mi2025-06-08 · herbsnapon$23,750
1996 · Black · 52,000 mi · manual2025-05-28 · Benfica$10,325
1996 · Red · 77,000 mi · manual2025-05-24 · Willabea1993$11,500
2001 · Red · 20,000 mi · manual2025-05-18 · Edalton8800$20,000
2003 · Black · 16,000 mi · manual2025-04-24 · Gitrdone$30,501
2003 · Redfire Clearcoat · 11,000 mi2025-04-15 · 03SVTCOBRA$36,500
1997 · Red · 20,000 mi · manual2025-02-22 · trentmcb$16,500
1994 · E8 Rio Red Tint Clearcoat · 30,076 mi · manual2025-02-19 · johnpaulrph$13,000
2003 · Gray · 26,000 mi2025-02-07 · garys325$26,500
2003 · Ebony Clearcoat · 41,700 mi · manual2025-02-07 · harisbecirovic$19,000
1994 · Red · 59,000 mi · manual2024-12-29 · 818rob$11,500
1998 · Red · 29,000 mi · manual2024-12-22 · mcqueens$13,250
2003 · Black · 56,000 mi2024-12-15 · Jem1983$25,500
1994 · Red · 91,000 mi · manual2024-11-08 · CLARISSARICE$6,700- 2001 · Black · 99,404 mi2024-11-01$10,553
1994 · Red · 118 mi · manual2024-10-21 · SL1963$34,000
2003 · Redfire · 108,000 mi · manual2024-10-05 · classicdotcom$15,500
1996 · Black · 27,000 mi · manual2024-09-24 · nj_motorclub$15,000
2003 · White · 46,000 mi · manual2024-09-23 · Desertautosport$25,000
2004 · Mystichrome · 1,000 mi · manual2024-09-21 · Omars3ztt$83,000
1999 · Red · 117,000 mi · manual2024-08-07 · Aubrey$9,500
2001 · Black · 43,000 mi · manual2024-07-11 · Kennith17$15,000
2003 · Redfire · 20,000 mi2024-04-09 · rsinor$25,750
1994 · Red · 2,400 mi2024-03-22 · jaiello55$20,000
1996 · Red · 77,000 mi · manual2024-03-04 · Bulletmotorsportsinc$11,250
2003 · Black · 18,000 mi · manual2024-02-20 · bkanno$24,000
1999 · Black · 56,000 mi · manual2023-11-03 · Rev117$12,000
2003 · Gray · 68,000 mi · manual2023-10-31 · Bulletmotorsportsinc$23,850
1996 · Laser Red Tinted Clearcoat · 24,728 mi · manual2023-09-05 · Jeff.Inglis$15,500.jpg?t=169223738129)
1997 · Pacific Green · 110,000 mi · manual2023-08-24 · Eurrofreak$7,400
1994 · Red · 6,000 mi2023-06-30 · excaliburmotorsports$24,000
1996 · Red · 26,000 mi · manual2023-06-14 · Sevagmtr$21,000
1994 · Red · 1,800 mi2023-04-09 · 97supra$35,000
1999 · Red · 45,000 mi · manual2023-04-07 · CincyClassic$18,000
Specifications
- Engine
- V8, 5.0L
- Power
- 240 hp
- Torque
- 285 lb-ft
- 0 to 60
- 5.9s
- Top speed
- 145 mph
- Transmission
- Manual
- Drivetrain
- RWD
- Production
- 1,993 units
- 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, 33 have sold publicly at a median of $17,000. The Shifty Estimate for a well-kept example is $17,900. Cars have changed hands anywhere from $10,537 to $31,300, depending on mileage, color, and history.
What is a 1994 Ford Mustang SVT Cobra Convertible worth today?
The Shifty Estimate is $17,900, up 0.0% over the past 12 months. Confidence is high: 33 public sales in a year gives a firm read.
Is a Ford Mustang SVT Cobra Convertible a good investment?
It has depreciated 24% against its $23,535 list price. Values are up 0.0% 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.
What has a Ford Mustang SVT Cobra Convertible sold for at auction?
The 3 most recent public sales we have on file:
- $35,000Aug 30, 2026Black Clearcoat · 18,000 mi
- $15,500Aug 23, 2026Pacific Green Clearcoat Metallic · 57,000 mi
- $31,000Aug 23, 2026Redfire Clearcoat Metallic · 30,000 mi
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.