Ford Mustang Mk1 values

Ford Mustang Mk1

Ford Mustang Mk1 values

The Muscle car Value Guide: As usual a very informative valuation edition of my favourite magazine. Something I have noticed after reading many of the valuation editions over the years, is the difficulty in pinning down the huge range of Ford Mustangs available.

For example, you rate Mach 1 Mustangs with 428 Cobra Jet engines quite high in the valuation level, and you refer to 429 Mustangs costing many hundreds of thousands. Presumably you are referring to BOSS 429s. An homologation model for that NASCAR destined engine. However the 1971 Mach 1 also had a model with a more readily available 429 Cobra jet engine and the Super Cobrajet version is considered a high point in the first generation Mustang. It was only produced for one year I believe and only built in low volume.

You also refer to the value difference between 71 Mach 1s with 351 engines and the Boss 351 version and seem to wonder why the price difference. The fact that the BOSS 351 version is a whole lot more sophisticated might explain it. In fact it’s considered a far superior car than the BOSS 302 model you featured. It did not get to the track due to Ford exiting racing in 1971.

Are the Boss 351 and the 71 Mach 1 429 Cobrajet grossly undervalued, or not even valued at all? Perhaps due to low numbers in Australia they miss your criteria?

I would love to see further analysis of these two models in future editions, perhaps even a feature. 

 Mustang values are sometimes counter-intuitive 

Daniel Bevis

Value Guides look primarily at models which have been advertised or sold in Australia during the preceding 12-24 months. In the Market Reviews I do sometimes mention others (such as the 1969s Boss 429) when one sells somewhere. The Cobra-Jet cars I list are all are pre-1971 shape and have a decent following in this country with values up around $100k for quite some time. Boss 302s remain popular but looking at recent asking prices that can top $150,000, some vendors who will be disappointed by our value range. 1971+ Boss 429 cars are difficult to find locally and aren’t included for that reason. I can recall seeing just one of the model being advertised here but that was while back. Also the US market isn’t very respectful of their scarcity, with a couple being sold by North American dealers in late 2020 at less money than the more common Boss 351 cars. That said, I don’t use the US market at the moment for anything more than general guidance because a lot of people are getting carried away with excessive asking prices and we do see that in some of their Boss 351s. Once the US social and political issues calm down things might a return to more sensible levels. Thank you for your comments and taking the time to write. Reader feedback is always very welcome and enables us to continually improve and expand the guides.