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How much did a Mustang cost in 1977?

The price of a new Ford Mustang in 1977 generally ranged from about $3,000 to $4,000, depending on trim and options.


Pricing snapshot for the 1977 Mustang II


That year Ford offered the Mustang II on several trims and packages, with the sticker price reflecting choices from basic equipment to sportier appearances. The figures below summarize typical manufacturer-recommended prices reported for common configurations.


Typical prices for common 1977 Mustang II configurations:



  • Base Mustang II coupe: roughly $3,000–$3,200

  • Deluxe/GL coupe or hatchback variants: roughly $3,200–$3,600

  • Mach 1 or Cobra II appearance packages: roughly $3,600–$4,000


Prices could be higher with optional equipment, automatic transmission, air conditioning, upgraded interior packages, or special editions, and lower in some markets with incentives or discounts.


Factors that affected the price


The price spread reflected the era’s priorities and offerings: fuel economy, regulatory costs, and emissions compliance influenced base pricing, while sportier and more feature-rich packages increased the sticker price for buyers seeking higher performance or amenities.


Historical context and comparisons


In the arc of Mustang history, the 1977 Mustang II represented a shift toward smaller, more economical cars during a period of higher fuel prices. Prices from the late 1960s to the late 1970s rose with inflation and regulatory changes, though the Mustang II aimed to keep entry points accessible for buyers seeking practicality.


Summary


For the 1977 model year, a new Ford Mustang typically cost between about $3,000 and $4,000, with the exact price determined by trim level and installed options. The Mustang II era underscored Ford’s emphasis on efficiency during a period of changing automotive expectations, while still offering the recognizable Mustang silhouette and branding.

How much did a 1977 Mustang cost new?


Mustang Values by Year

Year / Model / TrimBase MSRPAdj. for Inflation
1977 Mustang II 2-Door Hardtop Coupe$3,984$20,374
1977 Mustang II 2+2 3-Door Hardtop$4,183$21,391
1977 Mustang II Ghia 2-Door Hardtop$4,401$22,506
1977 Mustang II Mach 1 3- Door Fastback$4,332$22,153
Jan 7, 2025



How much did a Ford Mustang cost in 1975?


A 1975 Ford Mustang's price varies significantly, but a good condition model typically sells for around $8,600 to $11,700. For example, a 1975 Mustang II Ghia in good condition might cost about $8,600, while a Mustang II Mach 1 in the same condition could be closer to $11,700. Prices can range from a few thousand dollars for low-end examples to over $15,000 for rare or exceptionally well-maintained models.
 
Factors that influence the price

  • Condition: The car's overall condition, including the engine, body, interior, and any necessary repairs, is the most significant factor. 
  • Trim level: Different models, like the base coupe, Ghia, or Mach 1, will have different price points. 
  • Mileage: Lower mileage, especially on well-maintained examples, increases value. 
  • Options and features: Original equipment, such as power steering or specific engine options, can influence the price. 
  • History and rarity: A car's history, including any modifications or a documented history, can affect its value. Rare versions may command higher prices. 
  • Market fluctuations: Prices can change based on current demand and recent auction results. For instance, some recent sales have reached prices as high as $15,900 or even $17,850 for specific configurations. 



How much did a Mustang cost in 1976?


A 1976 Ford Mustang's price varies significantly, but in good condition with average specs, a Mustang II Coupe can be around $11,450, a Mach 1 around $11,650, and a Cobra II around $15,950. Prices can range from the low thousands for project cars to over $50,000 for exceptional, rare, or highly-optioned examples, with most sales falling between $10,000 and $30,000 depending on the model and condition. 
1976 Mustang II price guide

  • Base/Coupe: Approximately $11,450 for a good condition car. 
  • Mach 1: Around $11,650 for a good condition car. 
  • Cobra II:
    • Average Condition: About $15,950. 
    • Price Range: Typically between $16,900 and $29,788 based on recent sales, with some high-end examples fetching over $50,000 at auction. 
    • Project Cars: Can be found for as low as $4,500 or even less, depending on the level of work required. 

Factors influencing price
  • Condition: The most significant factor, with prices dropping dramatically for cars needing major repairs. 
  • Mileage: Lower mileage is generally preferred. 
  • Trim and Options: Higher-performance or appearance-package models like the Cobra II command higher prices. Models with desirable features like air conditioning or power windows can also fetch more. 
  • History: A car's history, including any accident history or title problems, can impact its value. 



How much did a Ford Mustang cost in 1972?


The price for a 1972 Mustang varies widely, from around $10,000 for a project car to over $45,000 for a well-restored Mach 1 or convertible model. A typical 1972 Mustang in good, average condition sells for approximately $18,550, but condition, model (like a Grande or Mach 1), and specific features significantly impact the final price.
 
Price ranges

  • Average condition: Approximately $18,550 for a 1972 Ford Mustang in good condition with average specs. 
  • Higher-end models: Models like the Mach 1 or convertible can cost between $20,000 and over $55,000 depending on their restoration and condition. 
  • Project/lower-end cars: Prices can be as low as $10,000 or even less for vehicles that need work. 
  • High-end restored models: Exceptionally well-restored Mach 1s with specific features, such as a 429 engine, have sold for over $45,000. 

Factors affecting price
  • Condition: The overall condition of the car is the most significant factor. A rust-free, well-maintained vehicle with low mileage will command a higher price. 
  • Model: Specific models and trim levels, such as the Mach 1 or Grande, are priced differently. A Mach 1 is a more performance-oriented and generally more expensive version. 
  • Features: The original features and options on the car can increase its value. For example, a 4-speed Toploader transmission or power disc brakes add value to a restored Mach 1. 


Kevin's Auto

Kevin Bennett

Company Owner

Kevin Bennet is the founder and owner of Kevin's Autos, a leading automotive service provider in Australia. With a deep commitment to customer satisfaction and years of industry expertise, Kevin uses his blog to answer the most common questions posed by his customers. From maintenance tips to troubleshooting advice, Kevin's articles are designed to empower drivers with the knowledge they need to keep their vehicles running smoothly and safely.