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1964½–1973 Ford Mustang

Lee Iacocca's pony car created an entirely new segment and sold over a million units in its first two years. From the sporty 289 Hi-Po to the fearsome Boss 429, the Mustang offered something for everyone.

1964½–1973 Ford Mustang — Full Specifications

  • Engine: 289ci / 302ci / 351ci / 428ci / 429ci V8
  • Power: 200–375 bhp
  • Torque: 282–450 lb-ft
  • Transmission: 3-speed manual, 4-speed manual (Toploader), or C4/C6 automatic
  • Drivetrain: Front engine, rear-wheel drive
  • Body style: 2-door hardtop, 2-door fastback, 2-door convertible
  • Wheelbase: 108 inches
  • Curb weight: 2,800–3,600 lbs
  • 0–60 mph: 5.5–9.5 sec
  • Quarter mile: 13.5–17.0 sec (depending on engine)
  • Original MSRP: $2,368 (1964½ base); $3,561 (1970 Mach 1)
  • Current value: $25,000–$50,000 (standard V8); $100,000–$400,000+ (Shelby GT350/500, Boss 429)

Production Notes

The 1964½ introduced April 17, 1964. The Boss 429 was built to homologate Ford's semi-hemi NASCAR engine—only 1,358 made across '69-'70. Total first-gen Mustang production exceeded 3 million units.

Notable Factory Options

  • GT Equipment Group
  • Shelby GT350/GT500
  • Boss 302/429 package
  • Mach 1 package
  • Shaker hood scoop
  • Drag Pack

Buying Guide

The first-gen Mustang is the most popular collector car in the world, with incredible parts availability and community support. Start with a Marti Report ($85) to verify factory specifications. The 1965–66 V8 hardtop is the most affordable entry point and an excellent first classic car. Fastbacks command a 30–50% premium over hardtops. Shelby GT350s and GT500s are blue-chip investments but require extensive authentication (CSX number verification). Boss 302s and Boss 429s are among the most valuable muscle cars. The '67-'68 fastbacks are hugely popular due to 'Bullitt' movie fame. Avoid 1971–73 models unless you prefer the bigger body—they're less collectible but great drivers. The Mach 1 package offers excellent value for the money in any year.

Pros

  • Largest aftermarket and community support of any collector car
  • Marti Reports make authentication reliable
  • Huge range of price points—from $15K projects to $3M Shelbys
  • Relatively compact and easy to store/garage
  • Strong investment track record across all desirable models

Cons

  • Extremely common—standing out requires a special car or build quality
  • Cowl and torque box rust can be expensive to repair properly
  • High-value Shelby and Boss cars have attracted sophisticated fakes
  • 1971–73 models are large, heavy, and less desirable
  • Insurance and appraisal costs can be high for rare variants

Restoration Tips

Early Mustangs rust in cowl areas, torque boxes, and floors. Marti Reports provide factory documentation. Shelby parts carry huge premiums. Dynacorn reproduction bodies are available for '65-'70 fastbacks and convertibles.