DriveIndex
Ford Mustang GT 5.0 Convertible: market value and price history

Ford Mustang GT 5.0 Convertible Market Value & Price History

The Ford Mustang GT 5.0 Convertible has a market value of $10,409 to $22,265 depending on year and condition, based on 103 verified auction sales across 6 model years (1983–1991). Individual examples have sold from $10,000 to $41,000, with 31 sold in the past 12 months. 1 is listed for sale.

Value Range
$10,409 to $22,265
Median Sale
$17,655
Auction Sales
103
Model Years
6
For Sale
1
Last checked Nov 13, 2026
103 auction results →1 for sale →Best year to buy →

Ford Mustang GT 5.0 Convertible Value by Year

1991 Ford Mustang GT 5.0 Convertible
15 auction sales
$18,498
1990 Ford Mustang GT 5.0 Convertible
25 auction sales · 1 for sale
$14,124
1989 Ford Mustang GT 5.0 Convertible
26 auction sales
$20,852
1988 Ford Mustang GT 5.0 Convertible
17 auction sales
$22,265
1987 Ford Mustang GT 5.0 Convertible
18 auction sales
$16,738
1983 Ford Mustang GT 5.0 Convertible
2 auction sales
$10,409No sale since Jun 2023

What members see for the Ford Mustang GT 5.0 Convertible

The value above is the headline. Pro shows you what the market did. Collector tells you what to do about it.

Pro
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  • All 103 sold prices across every year, and where each one sold
  • The live Value Signal, and how confident it is
  • A 1–5 year value projection
  • A Buy / Hold / Sell call
  • An alert the moment one lists or sells
See every sold price →
Collector
$39.99/month · everything in Pro, plus
  • A deal verdict on each of the 1 ask listed for sale: whether it is fair, and by how many dollars
  • Its value with the exact gearbox and options, wherever sales show the difference
  • The best and worst months to buy and sell, and an estimated market-bottom date
  • Deal Radar: listings across the market priced under their value, the best 20 at a time
  • Search Agent: describe the spec you want and get an email when one lists
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  • Rad's Picks: cars for sale hand-picked by Rad, DriveIndex's founder, with an email when one is added
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Not ready? A free account shows the current value and recent sale dates.

Recent Ford Mustang GT 5.0 Convertible Auction Results

SoldYearPriceMileage
Oct 22, 20261990$17,6557,500 mi
Oct 21, 20261987$16,25017,000 mi
Sep 24, 20261987$14,02793,000 mi
Sep 23, 20261991$11,55082,502 mi
Sep 5, 20261989$21,84013,583 mi
Aug 17, 20261991$22,00071,000 mi
Jul 24, 20261991$26,40010,777 mi
Jul 3, 20261989$27,00046,000 mi
Jun 25, 20261990$24,200—
Jun 24, 20261990$10,00158,000 mi
Jun 20, 20261988$31,7509,000 mi
May 16, 20261988$20,25019,000 mi

Ford Mustang GT 5.0 Convertible: Frequently Asked Questions

How much is a Ford Mustang GT 5.0 Convertible worth?

Ford Mustang GT 5.0 Convertible market values range from $10,409 to $22,265 depending on the model year, mileage, and condition. Recent auction sales span $10,000 to $41,000. See the year-by-year breakdown below.

Which Ford Mustang GT 5.0 Convertible year is best?

There is no single best Ford Mustang GT 5.0 Convertible year: it depends on your budget and what you want from the car. The Ford Mustang GT 5.0 Convertible best-year guide compares every year on its market value, how often it trades and its value against the original MSRP. Whether each year is appreciating is DriveIndex's Value Signal, a Pro feature.

How many Ford Mustang GT 5.0 Convertible sell per year?

31 Ford Mustang GT 5.0 Convertible have sold at auction in the past 12 months across all years; DriveIndex has tracked 103 sales in total.

Where can I buy a Ford Mustang GT 5.0 Convertible?

DriveIndex lists 1 Ford Mustang GT 5.0 Convertible for sale (last checked Nov 13, 2026), aggregated from the world's leading collector-car auction houses and marketplaces.

More Ford Models

Ford Thunderbird$12,193–$57,984Ford Mustang Convertible$10,978–$46,848Ford Mustang$11,298–$77,000Ford Mustang Mach 1$17,533–$81,770Ford Bronco$10,805–$71,225Ford Mustang Fastback$34,559–$79,046Ford F-100$19,782–$37,834Ford Mustang Boss 302$36,657–$116,111Ford GT$657,612–$938,549Ford Mustang GT Coupe$12,692–$38,210Ford F-1$20,315–$53,615Ford Mustang Coupe$14,120–$27,356Ford Mustang GT Convertible$12,000–$102,438Ford Pickup$22,501–$52,845Ford Thunderbird Convertible$20,064–$28,638Ford Bronco XLT$10,938–$32,071Ford Mustang Shelby GT350R$78,136–$101,561Ford Mustang Shelby GT500 Coupe$29,772–$72,725

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