1989 Ford Mustang LX 5.0 Convertible Market Value & Price History
The 1989 Ford Mustang LX 5.0 Convertible has a current market value of $12,645 as of Oct 13, 2026, based on 7 verified auction sales tracked by DriveIndex, with all 7 verified USD sales between $10,500 and $22,000. Based on US sales through Aug 28, 2026. 2 have sold in the past 12 months.
Data: DriveIndex. 7 verified auction sales for the 1989 Ford Mustang LX 5.0 Convertible, latest sale Aug 28, 2026. Value as of Oct 13, 2026. Methodology
What members see for the 1989 Ford Mustang LX 5.0 Convertible
The value above is the headline. Members get the full picture behind it.
- All 7 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 LX 5.0 Convertible's Value Signal with Pro →Recent 1989 Ford Mustang LX 5.0 Convertible Auction Results
| Sold | Price | Mileage | Gearbox |
|---|---|---|---|
| Aug 28, 2026 | $12,500 | 10,000 mi | Manual |
| May 29, 2026 | $10,500 | 37,000 mi | Automatic |
| Jan 20, 2024 | $20,000 | 1,100 mi | Manual |
| Mar 21, 2023 | $20,500 | 51,000 mi | Manual |
| Mar 20, 2023 | $19,000 | 772 mi | Manual |
| Jul 18, 2022 | $20,250 | 32,000 mi | Manual |
| Apr 17, 2020 | $22,000 | 4,000 mi | Automatic |
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 1989 Ford Mustang LX 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 LX 5.0 Convertible by Year
1989 Ford Mustang LX 5.0 Convertible: Frequently Asked Questions
How much is a 1989 Ford Mustang LX 5.0 Convertible worth?
A 1989 Ford Mustang LX 5.0 Convertible is worth approximately $12,645 as of Oct 13, 2026, based on 7 verified auction sales tracked by DriveIndex. Based on US sales through Aug 28, 2026. All 7 verified USD sales fall between $10,500 and $22,000. Condition, mileage and options move an individual car within that band.
How much did a 1989 Ford Mustang LX 5.0 Convertible cost new?
The 1989 Ford Mustang LX 5.0 Convertible carried an original MSRP of $17,001. Verified examples now trade around $12,645.
How much has the 1989 Ford Mustang LX 5.0 Convertible depreciated?
The 1989 Ford Mustang LX 5.0 Convertible is worth about 26% less than it cost new: it carried an original MSRP of $17,001, and verified examples now trade around $12,645. That compares today's value with the sticker price, not adjusted for inflation.
How many 1989 Ford Mustang LX 5.0 Convertible sell per year?
2 have sold at auction in the past 12 months. DriveIndex has tracked 7 1989 Ford Mustang LX 5.0 Convertible sales in total.
Are 1989 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 1989 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 1989 Ford Mustang LX 5.0 Convertible?
DriveIndex tracks for-sale listings and auction results for the 1989 Ford Mustang LX 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 →