1989 Ford Mustang GT 5.0 Convertible Market Value & Price History
The 1989 Ford Mustang GT 5.0 Convertible has a current market value of $20,848 as of Oct 13, 2026, based on 25 verified auction sales tracked by DriveIndex, with half of the verified USD sales since 2021 between $14,025 and $20,900. Based on US sales through Sep 5, 2026. 12 have sold in the past 12 months. The median sale price is up 24.6% over the past 12 months versus one to three years ago.
Data: DriveIndex. 25 verified auction sales for the 1989 Ford Mustang GT 5.0 Convertible, latest sale Sep 5, 2026. Value as of Oct 13, 2026. Methodology
What members see for the 1989 Ford Mustang GT 5.0 Convertible
The value above is the headline. Members get the full picture behind it.
- All 25 sold prices, 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
- The best and worst months to buy and sell
- An estimated market-bottom date
- Whether a for-sale ask is fair, the moment one lists
- Deal Radar: underpriced listings across the market
Not ready? A free account shows the current value and recent sale dates.
Pro unlocks this car's live Value Signal (appreciating, stable, bottomed, approaching bottom or depreciating) and its 1–5 year projection. Collector adds the best months to buy and sell.
See the Mustang GT 5.0 Convertible's Value Signal with Pro →1989 Ford Mustang GT 5.0 Convertible Price History
The median 1989 Ford Mustang GT 5.0 Convertible sold for $17,750 in 2026, against $18,500 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 |
|---|---|---|
| 2026 | $17,750 | 10 |
| 2025 | $12,375 | 4 |
| 2023 | $14,300 | 3 |
| 2022 | $18,500 | 5 |
Years with fewer than three verified USD sales are omitted — a one-sale “median” is a single car, not a market.
Recent 1989 Ford Mustang GT 5.0 Convertible Auction Results
| Sold | Price | Mileage | Gearbox |
|---|---|---|---|
| Sep 5, 2026 | $21,840 | 13,583 mi | Automatic |
| Jul 3, 2026 | $27,000 | 46,000 mi | Manual |
| May 13, 2026 | $15,750 | 49,000 mi | Automatic |
| Mar 27, 2026 | $14,025 | — | — |
| Mar 25, 2026 | $11,500 | 25,000 mi | — |
| Mar 18, 2026 | $20,900 | 61,401 mi | — |
| Mar 13, 2026 | $19,500 | 28,275 mi | Automatic |
| Mar 8, 2026 | $16,000 | 50,000 mi | — |
| Feb 25, 2026 | $13,760 | 83,000 mi | — |
| Jan 15, 2026 | $22,000 | 10,252 mi | Automatic |
| Dec 4, 2025 | $12,000 | 53,000 mi | Automatic |
| Oct 31, 2025 | $29,150 | 10,244 mi | Automatic |
| May 1, 2025 | $12,750 | 23,000 mi | Manual |
| Apr 9, 2025 | $10,000 | 19,000 mi | Manual |
| Mar 26, 2024 | $15,751 | 57,000 mi | Automatic |
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 1989 Ford Mustang GT 5.0 Convertible
Browsing is free. Upgrade to unlock the Value Signal™, projections, and the tools collectors use to buy and sell at the right time.
- Full Value Signal™ + confidence: appreciating, stable, or depreciating
- 1–5 year price projections
- Buy / Hold / Sell call per car
- Complete sales & listings feed + up to 10 yrs of history
- Analyst notes & compare up to 4 cars
- Price & custom alerts (make, color, options)
- Portfolio tracker (garage) + analytics
- Everything in Pro, plus:
- Portfolio Outlook (a hold/sell call for every car you own)
- Watchlist Intelligence (act-now calls on the cars you follow)
- Head-to-Head Verdict (compare cars, the data crowns the buy)
- Market Deal Radar (every live ask under market value, catalog-wide)
- Best & worst months to buy and sell
- What each option adds to the price + separate manual vs automatic values
- Listing analyzer with fair-value deal scores
- Rad’s Market Update (his picks & price targets)
Ford Mustang GT 5.0 Convertible by Year
Which Mustang GT 5.0 Convertible year should you buy? Every year compared →1989 Ford Mustang GT 5.0 Convertible: Frequently Asked Questions
How much is a 1989 Ford Mustang GT 5.0 Convertible worth?
A 1989 Ford Mustang GT 5.0 Convertible is worth approximately $20,848 as of Oct 13, 2026, based on 25 verified auction sales tracked by DriveIndex. Based on US sales through Sep 5, 2026. Half of all verified sales fall between $14,025 and $20,900; the full verified range is $10,000 to $29,150. Condition, mileage and options move an individual car within that band.
How much did a 1989 Ford Mustang GT 5.0 Convertible cost new?
The 1989 Ford Mustang GT 5.0 Convertible carried an original MSRP of $17,512. Verified examples now trade around $20,848.
How much has the 1989 Ford Mustang GT 5.0 Convertible depreciated?
It hasn't depreciated. The 1989 Ford Mustang GT 5.0 Convertible is worth about 19% more than its original MSRP of $17,512, with verified examples now trading around $20,848. That compares today's value with the sticker price, not adjusted for inflation.
How many 1989 Ford Mustang GT 5.0 Convertible sell per year?
12 have sold at auction in the past 12 months. DriveIndex has tracked 25 1989 Ford Mustang GT 5.0 Convertible sales in total.
Are 1989 Ford Mustang GT 5.0 Convertible sale prices higher or lower than a year ago?
The median 1989 Ford Mustang GT 5.0 Convertible sale price is up 24.6% over the past 12 months versus one to three years ago, based on verified auction sales. That figure tracks the median of what actually sold, so it moves with the mix of mileages and options that came to market as well as with the market itself. 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 1989 Ford Mustang GT 5.0 Convertible?
DriveIndex tracks for-sale listings and auction results for the 1989 Ford Mustang GT 5.0 Convertible from the world's leading collector-car auction houses and marketplaces.
More Ford Models
All Ford models →Collections Featuring Ford
Pro unlocks its live Value Signal, every sold price, a 1–5 year projection and an alert the moment one lists or sells. Collector adds the best months to buy and sell and where the market bottoms.
Get Pro →