1987 Ford Mustang GT 5.0 Convertible Market Value & Price History
The 1987 Ford Mustang GT 5.0 Convertible has a current market value of $24,310 as of Oct 13, 2026, based on 11 verified auction sales tracked by DriveIndex, with half of the verified USD sales since 2020 between $14,027 and $27,500. Based on US sales through Sep 24, 2026. 2 have sold in the past 12 months.
Data: DriveIndex. 11 verified auction sales for the 1987 Ford Mustang GT 5.0 Convertible, latest sale Sep 24, 2026. Value as of Oct 13, 2026. Methodology
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The median 1987 Ford Mustang GT 5.0 Convertible sold for $18,700 in 2025, against $18,000 in 2022. Each row is the median of the verified sales recorded in that calendar year, so it moves with the mix of mileages and options that came to market as well as with the market itself.
| Year | Median sale | Sales |
|---|---|---|
| 2025 | $18,700 | 3 |
| 2022 | $18,000 | 3 |
Years with fewer than three verified USD sales are omitted — a one-sale “median” is a single car, not a market.
Recent 1987 Ford Mustang GT 5.0 Convertible Auction Results
| Sold | Price | Mileage | Gearbox |
|---|---|---|---|
| Sep 24, 2026 | $14,027 | 93,000 mi | Manual |
| Apr 6, 2026 | $29,000 | 4,400 mi | Manual |
| Oct 4, 2025 | $18,700 | 685 mi | Manual |
| Jul 10, 2025 | $27,500 | 31,602 mi | Manual |
| Apr 8, 2025 | $12,840 | 80,353 mi | Automatic |
| Oct 25, 2023 | $35,500 | 3,600 mi | Manual |
| Mar 17, 2023 | $11,750 | 59,358 mi | — |
| Dec 2, 2022 | $17,000 | 8,379 mi | — |
| Aug 21, 2022 | $19,000 | 43,000 mi | Manual |
| May 11, 2022 | $18,000 | 19,000 mi | Automatic |
| Oct 29, 2020 | $13,750 | 33,000 mi | Manual |
Verified results from the world's leading collector-car auction houses and marketplaces.
All Ford Mustang GT 5.0 Convertible auction results →See the full picture on the 1987 Ford Mustang GT 5.0 Convertible
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Ford Mustang GT 5.0 Convertible by Year
Which Mustang GT 5.0 Convertible year should you buy? Every year compared →1987 Ford Mustang GT 5.0 Convertible: Frequently Asked Questions
How much is a 1987 Ford Mustang GT 5.0 Convertible worth?
A 1987 Ford Mustang GT 5.0 Convertible is worth approximately $24,310 as of Oct 13, 2026, based on 11 verified auction sales tracked by DriveIndex. Based on US sales through Sep 24, 2026. Half of all verified sales fall between $14,027 and $27,500; the full verified range is $11,750 to $35,500. Condition, mileage and options move an individual car within that band.
How much did a 1987 Ford Mustang GT 5.0 Convertible cost new?
The 1987 Ford Mustang GT 5.0 Convertible carried an original MSRP of $15,852. Verified examples now trade around $24,310.
How much has the 1987 Ford Mustang GT 5.0 Convertible depreciated?
It hasn't depreciated. The 1987 Ford Mustang GT 5.0 Convertible is worth about 53% more than its original MSRP of $15,852, with verified examples now trading around $24,310. That compares today's value with the sticker price, not adjusted for inflation.
How many 1987 Ford Mustang GT 5.0 Convertible sell per year?
2 have sold at auction in the past 12 months. DriveIndex has tracked 11 1987 Ford Mustang GT 5.0 Convertible sales in total.
Are 1987 Ford Mustang GT 5.0 Convertible sale prices higher or lower than a year ago?
There aren't yet enough recent sales to compute a reliable 12-month price direction for the 1987 Ford Mustang GT 5.0 Convertible. The full Value Signal classification (appreciating, stable, bottomed, or depreciating) and its 1–5 year projection are part of DriveIndex Pro.
Where can I buy a 1987 Ford Mustang GT 5.0 Convertible?
DriveIndex tracks for-sale listings and auction results for the 1987 Ford Mustang GT 5.0 Convertible from the world's leading collector-car auction houses and marketplaces.
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