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Ford Mustang 4th Generation (1994-2004)

Ford Mustang 4th Gen Origin

The fourth-generation Ford Mustang is a car produced by the American manufacturer Ford from 1994 to 2004.

The Ford Mustang received its first major facelift in 15 years in 1994, when it was introduced in November 1993 and released on December 9, 1993, as a successor to the third-generation Ford Mustang. The fourth generation Ford Mustang was succeeded by the fifth generation Ford Mustang (S197).

Ford codenamed the vehicle “SN-95” because it was based on the most recent version of the rear-wheel drive Fox platform, called “Fox-4,” and it was the last Ford vehicle to be supported by this platform.

Although convertibles made a comeback, hatchbacks, and notchbacks from earlier generations were phased out in favor of a more conventional coupe design. The door windows on the coupe are once again frameless. In contrast, this automobile’s rear window and “B” pillar were not removable.

Stay with me until the end because I’m sure you don’t want to miss the five most valuable variants and prices of the fourth-generation Mustang.

Ford Mustang 4th Gen Overview

In 1994 and 1995, the base models were offered with a 3.8 OHV V6 3.8L engine with either 145 or 150 brake horsepower, a quality 5-speed manual transmission or an alternative 4-speed automatic transmission.

Ford dropped the nearly 30-year-old 302 cid pushrod small-block V8 from the 1994 and 1995 Mustang Cobra, GTS, and GT in favor of the new Modular 4.6L SOHC V8 in the 1996 Mustang GT. The 4.6L V8 engine was upgraded to 215 brake horsepower from 1996 to 1997, then to 225 brake horsepower in 1998.

The SN-95 chassis code was used from 1994 to 1998, and the SN-99 chassis code was used from 1999 to 2004. Both of these developments were made and described with chassis codes. There were only convertibles and fastback coupes available, with a variety of V6 and V8 engines.

The GT and SVT Cobra R were notable performance variants that were available for two model years (1995 and 2000). The SVT Cobra was a smaller version of the Cobra R that was also built with two major developments, the SN-95 SVT Cobra and the improved SN-99 SVT Cobra. The Bullitt and the Mach 1 have special edition versions.

From 2001 to 2002, this generation was sold in Australia, competing with the Holden Monaro, which later became the basis for the Pontiac GTO reincarnation.

Ford Australia asked Tickford Vehicle Engineering to change 250 Mustangs each year to make them fit Australian design rules since the Mustang wasn’t made to be driven from the right side of the car. The cost of redesigning the components and setting up the manufacturing process was four million Australian dollars (A$4,000,000).

Sales fell short of expectations, in part due to soaring selling prices. Between 2001 and 2003, only 377 Mustangs were sold in Australia. Ford Racing Australia also built a Mustang V10 convertible for promotional purposes. With its Sprintex supercharger made in Australia, this convertible is powered by a Ford Modular 6.8L V10 engine from the American F-Trick series.

Ford Mustang 4th Gen Production

The fourth-generation Mustang’s sales have been consistent. An average of 200,000 of these automobiles was purchased annually, up from 120,0000 in the first year. Sales were up and down, but not by the same margins as the previous Mustang generation. The fourth generation sold 1,562,529 units in the United States.

Ford Mustang 4th Gen Price

As promised, here are the market prices for the five most valuable versions of the fourth-generation Ford Mustang.

Prices for the 1994–2004 GT ranged from $4,200 to $21,600, making it the most common and least collectible model.

The 1995 SVT Cobra R follows, with prices ranging from $10,000 to $36,000. Only 250 were built, and the combination of limited production and a track-oriented design made these Mustangs among the most valuable of their generation.

Bullitt’s 2001 price range is $8,000–$40,000. The Bullitt, like other 4th generation Mustangs, is relatively inexpensive, but it appears to be transitioning from a used car to a collector’s item.

The value of a 2003–2004 Cobra SVT ranges from $11,250 to $37,500. Prices have remained relatively stable in recent years, indicating that they are no longer depreciating.

The 2000 Cobra R is the most expensive 4th generation collectible, with prices ranging from $18,000 to $60,000. Limited-run track-ready versions of any car are generally the most collectible, and the fourth-generation Mustang is no exception. The 2000 Cobra R, which was built entirely in red, has seen a significant increase in value.

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