Ford Mustang LX Convertible Market Value & Price History
The Ford Mustang LX Convertible has a market value of $13,275 to $29,838 depending on year and condition, based on 21 verified auction sales (data through Nov 12, 2026) across 3 model years (1988–1992). Individual examples have sold from $10,750 to $62,700, with 4 sold in the past 12 months. 7 are listed for sale.
Ford Mustang LX Convertible Value by Year
What members see for the Ford Mustang LX Convertible
The value above is the headline. Pro shows you what the market did. Collector tells you what to do about it.
- All 21 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
- A deal verdict on each of the 7 asks 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
- Alerts on 200 cars at once (Pro: 10)
- Rad's Picks: cars for sale hand-picked by Rad, DriveIndex's founder, with an email when one is added
Not ready? A free account shows the current value and recent sale dates.
Recent Ford Mustang LX Convertible Auction Results
| Sold | Year | Price | Mileage |
|---|---|---|---|
| Sep 5, 2026 | 1988 | $10,750 | 13,000 mi |
| Jul 22, 2026 | 1992 | $16,500 | 42,540 mi |
| Jun 25, 2026 | 1988 | $18,150 | 58,094 mi |
| May 13, 2026 | 1991 | $20,900 | 18,264 mi |
| Jan 14, 2025 | 1988 | $13,200 | 39,400 mi |
| Jan 7, 2025 | 1988 | $11,000 | 57,143 mi |
| Apr 4, 2024 | 1992 | $16,500 | 56,586 mi |
| May 20, 2023 | 1991 | $62,700 | 46 mi |
| May 16, 2023 | 1992 | $11,000 | 92,888 mi |
| Jan 12, 2023 | 1991 | $18,700 | — |
| Mar 31, 2022 | 1992 | $15,400 | — |
| Jan 26, 2022 | 1992 | $29,700 | — |
Ford Mustang LX Convertible: Frequently Asked Questions
How much is a Ford Mustang LX Convertible worth?
Ford Mustang LX Convertible market values range from $13,275 to $29,838 depending on the model year, mileage, and condition. Recent auction sales span $10,750 to $62,700. See the year-by-year breakdown below.
Which Ford Mustang LX Convertible year is best?
DriveIndex tracks the market value of every Ford Mustang LX Convertible year (1988–1992), listed year by year on this page. Whether each year is appreciating, stable or depreciating is DriveIndex's Value Signal, a Pro feature, which also includes a 1–5 year projection.
How many Ford Mustang LX Convertible sell per year?
4 Ford Mustang LX Convertible have sold at auction in the past 12 months across all years; DriveIndex has tracked 21 sales in total.
Where can I buy a Ford Mustang LX Convertible?
DriveIndex lists 7 Ford Mustang LX Convertible for sale (last checked Nov 12, 2026), aggregated from the world's leading collector-car auction houses and marketplaces.