The Fox Body Mustang is rapidly going from cheap to collectible. Finding one in great condition is pretty hard, but we just stumbled upon a mint condition example, still covered in factory wraps, and it’s the ultra-rare 1993 Mustang SVT Cobra model.
The Fox Body entered production in 1979, and by 1993, it was ready to be replaced by the fourth-generation SN95. However, Ford wanted to send it off with a really big bang.
They made 4,993 SVT Cobras in 1993, the only production year. The base MSRP at the time was $18,505, and as you can probably guess, this one is worth several times more now.
Just three exterior paint colors were available, Vibrant Red, Black, or this Teal Metallic. Meanwhile, the interior would either be Opal Gray or Black. It comes with regular-sized Mustang seats and back seats. You could also have a radio or powered windows, which were missing on the Cobra R. Admittedly, those are even more rare and valuable, with just 107 of them made for track users.
So what makes this a special Mustang?
The SVT Cobra featured an upgraded version of the normal 5.0-liter V8 engine. This came with “GT40” heads and Cobra-specific rocker arms, bigger injectors, plus a larger air intake to free up all of 235 horsepower and 280 lb-ft of torque.
That doesn’t sound particularly impressive for a V8, but it’s peak Fox Body performance and it represented a 30 hp bump over the stock GT mode. Plus, dyno tests have shown it actually makes 260 hp. Road & Track tested it from 0 to 60 in 5.9 seconds and 14.5 seconds over the quarter-mile.
However, you definitely should see this as a drag racing machine because it’s in perfect condition. It’s what’s called a “wrapper car”. The steering wheel, carpets, and even the seats are still protected by the plastic covers installed by the factory. She’s done only 35 miles since new, essentially a time capsule of what it was like to have a cool Mustang in 1993.
With five days to go until the Bring A Trailer auction ends, this Teal 35-Mile 1993 Ford Mustang SVT Cobra is currently at $75,500. And I actually think that’s cheap; it’s worth $100,000 easily since Fox Body collectors will fight for a mint-condition model.