1988 Ford Mustang LX 5.0 Convertible Market Value & Price History
The 1988 Ford Mustang LX 5.0 Convertible has a current market value of $19,516 as of Oct 13, 2026, based on 9 verified auction sales tracked by DriveIndex, with half of the verified USD sales since 2021 between $19,500 and $23,500. Based on US sales through May 5, 2026. 1 has sold in the past 12 months.
Data: DriveIndex. 9 verified auction sales for the 1988 Ford Mustang LX 5.0 Convertible, latest sale May 5, 2026. Value as of Oct 13, 2026. Methodology
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See the Mustang LX 5.0 Convertible's Value Signal with Pro →Recent 1988 Ford Mustang LX 5.0 Convertible Auction Results
| Sold | Price | Mileage | Gearbox |
|---|---|---|---|
| May 5, 2026 | $19,750 | 13,000 mi | — |
| Dec 27, 2024 | $19,500 | 16,000 mi | Manual |
| Nov 14, 2023 | $15,250 | 39,000 mi | Automatic |
| Aug 29, 2023 | $21,000 | 39,000 mi | Manual |
| Sep 27, 2022 | $21,750 | 14,000 mi | Manual |
| Dec 29, 2021 | $25,000 | 3,100 mi | Automatic |
| Nov 18, 2021 | $13,350 | 32,000 mi | Manual |
| Sep 22, 2021 | $23,500 | 18,000 mi | Manual |
| Aug 10, 2021 | $29,000 | 18,000 mi | Manual |
Verified results from the world's leading collector-car auction houses and marketplaces.
All Ford Mustang LX 5.0 Convertible auction results →See the full picture on the 1988 Ford Mustang LX 5.0 Convertible
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Ford Mustang LX 5.0 Convertible by Year
1988 Ford Mustang LX 5.0 Convertible: Frequently Asked Questions
How much is a 1988 Ford Mustang LX 5.0 Convertible worth?
A 1988 Ford Mustang LX 5.0 Convertible is worth approximately $19,516 as of Oct 13, 2026, based on 9 verified auction sales tracked by DriveIndex. Based on US sales through May 5, 2026. Half of all verified sales fall between $19,500 and $23,500; the full verified range is $13,350 to $29,000. Condition, mileage and options move an individual car within that band.
How much did a 1988 Ford Mustang LX 5.0 Convertible cost new?
The 1988 Ford Mustang LX 5.0 Convertible carried an original MSRP of $14,463. Verified examples now trade around $19,516.
How much has the 1988 Ford Mustang LX 5.0 Convertible depreciated?
It hasn't depreciated. The 1988 Ford Mustang LX 5.0 Convertible is worth about 35% more than its original MSRP of $14,463, with verified examples now trading around $19,516. That compares today's value with the sticker price, not adjusted for inflation.
How many 1988 Ford Mustang LX 5.0 Convertible sell per year?
1 has sold at auction in the past 12 months. DriveIndex has tracked 9 1988 Ford Mustang LX 5.0 Convertible sales in total.
Are 1988 Ford Mustang LX 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 1988 Ford Mustang LX 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 1988 Ford Mustang LX 5.0 Convertible?
DriveIndex tracks for-sale listings and auction results for the 1988 Ford Mustang LX 5.0 Convertible from the world's leading collector-car auction houses and marketplaces.
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