1998 Ford Mustang SVT Cobra Convertible Market Value & Price History
The 1998 Ford Mustang SVT Cobra Convertible has a current market value of $18,649 as of Oct 12, 2026, based on 31 verified auction sales tracked by DriveIndex, with half of the verified USD sales since 2013 between $13,750 and $24,200. Based on US sales through Sep 11, 2026. 2 have sold in the past 12 months, and 3 are listed for sale from $16,212 to $20,900.
Data: DriveIndex. 31 verified auction sales for the 1998 Ford Mustang SVT Cobra Convertible, latest sale Sep 11, 2026. Value as of Oct 12, 2026. Methodology
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Last checked Oct 12, 2026
1998 Ford Mustang SVT Cobra Convertible Price History
The median 1998 Ford Mustang SVT Cobra Convertible sold for $17,000 in 2025, against $12,075 in 2014. 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 | $17,000 | 3 |
| 2024 | $13,750 | 5 |
| 2023 | $22,175 | 4 |
| 2022 | $24,200 | 5 |
| 2021 | $18,618 | 6 |
| 2014 | $12,075 | 3 |
Years with fewer than three verified USD sales are omitted — a one-sale “median” is a single car, not a market.
Recent 1998 Ford Mustang SVT Cobra Convertible Auction Results
| Sold | Price | Mileage | Gearbox |
|---|---|---|---|
| Sep 11, 2026 | $19,795 | 19,200 mi | Manual |
| Jan 16, 2026 | $12,999 | 49,000 mi | — |
| Sep 25, 2025 | $17,000 | 29,000 mi | Manual |
| Aug 20, 2025 | $12,038 | 134,060 mi | Manual |
| Jan 8, 2025 | $18,700 | 62,173 mi | — |
| Dec 22, 2024 | $13,250 | 29,000 mi | Manual |
| Jul 26, 2024 | $16,500 | 32,174 mi | Manual |
| Jun 7, 2024 | $13,200 | 62,170 mi | Manual |
| Apr 5, 2024 | $13,750 | 60,777 mi | Manual |
| Jan 24, 2024 | $16,500 | — | — |
| Dec 1, 2023 | $14,000 | 6,075 mi | — |
| Aug 31, 2023 | $24,000 | 6,000 mi | Manual |
| Apr 4, 2023 | $22,350 | 7,000 mi | Manual |
| Jan 12, 2023 | $22,000 | 11,386 mi | Manual |
| Dec 2, 2022 | $21,500 | 7,357 mi | — |
Verified results from the world's leading collector-car auction houses and marketplaces.
All Ford Mustang SVT Cobra Convertible auction results →See the full picture on the 1998 Ford Mustang SVT Cobra Convertible
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Ford Mustang SVT Cobra Convertible by Year
Which Mustang SVT Cobra Convertible year should you buy? Every year compared →1998 Ford Mustang SVT Cobra Convertible: Frequently Asked Questions
How much is a 1998 Ford Mustang SVT Cobra Convertible worth?
A 1998 Ford Mustang SVT Cobra Convertible is worth approximately $18,649 as of Oct 12, 2026, based on 31 verified auction sales tracked by DriveIndex. Based on US sales through Sep 11, 2026. Half of all verified sales fall between $13,750 and $24,200; the full verified range is $10,450 to $27,500. Condition, mileage and options move an individual car within that band.
How much did a 1998 Ford Mustang SVT Cobra Convertible cost new?
The 1998 Ford Mustang SVT Cobra Convertible carried an original MSRP of $28,510. Verified examples now trade around $18,649.
How much has the 1998 Ford Mustang SVT Cobra Convertible depreciated?
The 1998 Ford Mustang SVT Cobra Convertible is worth about 35% less than it cost new: it carried an original MSRP of $28,510, and verified examples now trade around $18,649. That compares today's value with the sticker price, not adjusted for inflation.
How many 1998 Ford Mustang SVT Cobra Convertible sell per year?
2 have sold at auction in the past 12 months. DriveIndex has tracked 31 1998 Ford Mustang SVT Cobra Convertible sales in total.
Are 1998 Ford Mustang SVT Cobra 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 1998 Ford Mustang SVT Cobra 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 1998 Ford Mustang SVT Cobra Convertible?
DriveIndex lists 3 1998 Ford Mustang SVT Cobra Convertible for sale, priced from $16,212 to $20,900 (last checked Oct 12, 2026). DriveIndex aggregates for-sale listings and auction results from the world's leading collector-car auction houses and marketplaces.
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