How much is a 68 Mustang worth today?
The 1968 Ford Mustang is an iconic classic car that continues to capture the hearts of car enthusiasts and collectors worldwide. Its value today depends on several factors, including its condition, originality, model type, and market demand. In this article, we’ll explore what influences the worth of a 1968 Mustang and provide insights into its current market value.
Factors That Influence the Value of a 1968 Mustang
When determining the value of a 1968 Mustang, several key factors come into play. These include:
- Condition: The overall condition of the car is one of the most significant factors. A fully restored Mustang in pristine condition will fetch a much higher price than one in need of extensive repairs.
- Originality: Cars with original parts, matching numbers (engine and transmission), and factory paint colors are generally more valuable than those with aftermarket modifications.
- Model Type: The 1968 Mustang came in various models, including the coupe, convertible, and fastback. Special editions like the GT, GT/CS (California Special), and Shelby GT500 are particularly sought after and command higher prices.
- Rarity: Limited-production models or those with unique features are more desirable to collectors, increasing their value.
- Market Trends: The classic car market fluctuates based on demand, economic conditions, and trends among collectors.
Current Market Value of a 1968 Mustang
As of 2025, the value of a 1968 Mustang can range widely depending on the factors mentioned above. Here’s a general breakdown:
- Project Cars: A 1968 Mustang in poor condition, often referred to as a "project car," can sell for $5,000 to $15,000. These cars typically require significant restoration work.
- Driver-Quality Cars: A Mustang in decent, drivable condition but with some wear and tear can range from $20,000 to $40,000.
- Fully Restored Models: A fully restored 1968 Mustang in excellent condition can fetch $50,000 to $80,000 or more, depending on the model and originality.
- Special Editions: Rare models like the Shelby GT500 or GT/CS can command prices well over $100,000, with some exceptional examples exceeding $200,000 at auctions.
Tips for Buying or Selling a 1968 Mustang
If you’re in the market to buy or sell a 1968 Mustang, here are some tips to keep in mind:
- Do Your Research: Familiarize yourself with the specific model and its features to understand its true value.
- Inspect Thoroughly: Whether buying or selling, ensure the car is inspected by a professional to assess its condition and authenticity.
- Check Documentation: Verify the car’s history, including ownership records, restoration details, and any modifications.
- Consider Market Trends: Keep an eye on classic car auctions and sales to gauge current market demand and pricing.
Conclusion
The 1968 Mustang remains a timeless classic with a wide range of values depending on its condition, originality, and rarity. Whether you’re a collector, enthusiast, or first-time buyer, understanding these factors will help you make an informed decision. At Kevin’s Autos, we’re passionate about classic cars and are here to assist with any maintenance or restoration needs for your prized vehicle. Feel free to reach out to us for expert advice and services!
Frequently Asked Questions
What is special about a 1968 Mustang?
Improved suspension and handling characterised 1968 Mustangs, with the best stopping ability of any pony car to date. Cars with 390cid, 427, and 428cid used power discs; power steering was highly desirable with V8s or those with wide tires.
Is a 1968 Mustang a good investment?
Overall, classic Mustangs are a strong investment. Classic car values increase over time, making them worthwhile purchases. Mustangs also have unique traits that improve their investment value, like: Easy maintenance: Mustangs are known for their durability and simple maintenance.
What engine came in a 1968 Mustang?
1967–1968
| Mustang 1967–1968 | |
|---|---|
| Engine | 200 cu in (3.3 L) Thriftpower I6 289 cu in (4.7 L) small block V8 302 cu in (4.9 L) small block V8 390 cu in (6.4 L) FE V8 427 cu in (7.0 L) FE HiPo V8 428 cu in (7.0 L) Cobra Jet V8 |
| Transmission | 3-speed manual 4-speed manual 3-speed automatic |
| Dimensions | |
| Wheelbase | 108 in (2,743 mm) |
What year is the most collectible Mustang?
Old Mustangs That Will Become Collectible
- 1982-1993 Ford Mustang SSP.
- 1984-1986 Ford Mustang SVO.
- 1984 Ford Mustang GT350 Turbo.
- 1990 Ford Mustang 7-Up Convertible.
- 1994-1995 Ford Mustang Cobra.
- 1995 Ford Mustang GTS.
- 2001 Ford Mustang Bullitt.
- 2003-2004 Ford Mustang Cobra SVT.
How many 1968 Mustangs are there?
1968 Mustang Technical Data
| Production Numbers | |
|---|---|
| Convertible, standard | 22,037 |
| Fastback, deluxe | 7,661 |
| Fastback, deluxe, bench seat | 256 |
| Total | 317,404 |
How many 1968 Mustangs were made?
1968 Mustang Technical Data
| Production Numbers | |
|---|---|
| Convertible, standard | 22,037 |
| Total | 317,404 |
| Retail Prices | |
| Convertible, standard | $2,814 |
What is the difference between a 1969 and a 1968 Mustang?
1969 Mustangs are larger than 1968 Mustangs in every dimension except for two: The wheelbase stayed the same and the height was lowered. The Mustang's side panels changed from concave to convex in 1969. This drastically affected the Mustang's body lines and gave it a new look.
Do old Mustangs hold their value?
Whether you're buying new or old, it's important to know just how much something you're investing thousands of dollars into will depreciate over the course of ownership. The Mustang holds its value relatively well and is among the best choices if you're looking for an affordable performance car.
Which Mustang not to buy?
Common Issues to Avoid
The Ford Mustang II (1974-1978) is often considered one of the least reliable Mustang generations due to its poor performance and lack of style. Additionally, some newer models, such as the 2015, 2016, and 2017, have reported reliability concerns.
How much is a 1968 Mustang worth now?
Typically, you can expect to pay around $34,022 for a 1968 Ford Mustang in good condition with average spec. The highest selling price of a 1968 Ford Mustang at auction over the last three years was $451,000.
