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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Shifty Estimate
$26,000
High confidence · $11K to $32K
Up 14.7% over 12 months
Oct 2025Rolling 6-month medianOct 2026
Median · 12 mo
$19,500
Sales · 12 mo
37
Market cap
$51.8M · 1,993 built
Original MSRP
$23,535Up 10% since new

The market

Every recorded 1994 Ford Mustang SVT Cobra Convertible sale, by date and price
Oct 2026 · Bring a Trailer
$38,027 · 14,000 mi · Sonic Blue Clearcoat
See this car
$20k$40k$60k$80kApr 2023202420252026SHIFTY ESTIMATE $26k
Sold Bid to, not sold
87 sales · 29 unsoldmedian $20kupdated Oct 2026

Community

Latest results

The newest 1994 Ford Mustang SVT Cobra Convertible sales with photographs
1994 Ford Mustang SVT Cobra Convertible, sold Oct 2026

Sold $8,300

1999 · Rio Red · 130,800 mi
Oct 7, 2026 · Cars & Bids
1994 Ford Mustang SVT Cobra Convertible, sold Oct 2026

Sold $20,250

2001 · Ebony Clearcoat · 18,000 mi
Oct 6, 2026 · Bring a Trailer
1994 Ford Mustang SVT Cobra Convertible, sold Sep 2026

Sold $29,000

1997 · Yellow · 24,000 mi
Sep 21, 2026 · Bring a Trailer
1994 Ford Mustang SVT Cobra Convertible, sold Sep 2026

Sold $27,750

1996 · Crystal White · 26,000 mi
Sep 20, 2026 · Bring a Trailer
1994 Ford Mustang SVT Cobra Convertible, sold Sep 2026

Sold $28,750

2003 · Silver Metallic · 60,000 mi
Sep 12, 2026 · Bring a Trailer
1994 Ford Mustang SVT Cobra Convertible, sold Sep 2026

Sold $18,500

1998 · Laser Red · 19,200 mi
Sep 11, 2026 · Hagerty Marketplace

Every SN95

Sold prices, last 12 months · Oct 29, 2026
Every SN95. Sold prices, last 12 months · Oct 29, 2026
SVT Cobra Convertible1994 to 2004Mach 12003 to 2004Bullitt2001SVT Cobra R1995 to 2000Base Convertible1994 to 2004GT1994 to 2004GT Convertible1994 to 2004GT Premium1994 to 2004SVT 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 salesToo few sales to call1 sale$15,25033 sales$10,27534 salesToo few sales to call1 sale$25,25051 sales
12-month moveUp 14.7%Too few sales to callToo few sales to callToo few sales to callToo few sales to callUp 8.0%Down 11.6%Too few sales to callUp 27.2%
For saleNone38NoneNoneNoneNoneNoneNone1

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.

Sales and listings

Showing 20 of 116 on file

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