Ford spent some $200 million on Mustang's '87 restyle, so no one was surprised when the '88s arrived looking exactly the same.

The 1988 and 1989 Ford Mustang

As Dearborn prepared to unveil the 1988 Ford Mustang, it was evident the Fox was getting on in years. But it was also clear that Ford's makeover artists were hiding its gray hairs well, and Mustang's combination of low price and high performance was more irresistible than ever.

"Mustang was born a legend, but it is value for the performance dollar that really draws the customers through the door," said AutoWeek's Christopher A. Sawyer. "Grudgingly or not, there is something that folks at both Ford and GM can agree on, the Mustang is the best value for the money in its market segment."

Other magazines also recognized this. In 1988 the GT was named one of Road & Track's "Ten Best Cars in the World" and made Car and Driver's "Ten Best" cars list. The following year, Motor Trend named the GT a "Top Ten Performance Car."

There were just two changes for '88: a higher-capacity battery for LXs and deletion of the T-bar roof from the options list. The latter really wasn't needed anymore, as convertible sales remained strong.

Model-year sales jumped to 211,225 for '88. The '89s did almost as well with 209,769. These totals were all the more impressive in light of prices that were bounding upward, by some $900 for '87, another $700-$1100 for '88, then $300-$400 more.

Looking for the Silver

For 1989, Ford acknowledged recent buying patterns by making the LX V-8 package into a distinct model trio called LX 5.0L Sport, and throwing in the GT's multi-adjustable sports seats. The only other news of consequence that year was standard power windows for convertibles.

Among the few changes for 1989 was that power windows were made standard on convertibles, such as this LX.

By 1989, only the four-cylinder LX notchback and hatchback still started below the psychologically important $10,000 mark. GTs were up to $13,272 for the hatch and $17,512 for the ragtop, so the new V-8 LX Sports looked like very good buys at $13,000-$17,000. The '89s did almost as well with 209,769.

Most everyone expected a very special Mustang during 1989. After all, the original pony car had been around for 25 years, and Ford had issued a 20th anniversary package for '84.

Yet no silver-anniversary special appeared right away, which only fueled speculation that Ford was working up something truly spectacular. Rumors circulated through most of '88 about a tricked-out GT with extra-heavy-duty suspension to handle a 351 V-8, borrowed from the Ford truck line and fortified with twin turbochargers for a Ferrari-baiting 400 horsepower.

At least one prototype was engineered and built by longtime Ford contractor Jack Roush, but the project ran afoul of development delays, fuel-economy concerns, and excessive costs for the planned 2000-unit run.

As before, comfortable "articulated" front seats were standard on '89 GTs (shown) and V-8 LXs.

There was also talk of a less radical hot one with 260-275 horsepower, suspension upgrades, distinct bolt-on body pieces, and possibly four-wheel disc brakes left over from the SVO. Also whispered was a transplant of the supercharged 3.8-liter V-6 from the '89 Thunderbird Super Coupe. But none of this came to pass.

Ford did mark the anniversary, but with events rather than a model. Find out what they did on the next page.

  • Saddle up for the complete story of America's best-loved sporty car. How the Ford Mustang Works chronicles the legend from its inception in the early 1960s to today's all-new Mustang.
  • When the going gets tough, the tough go racing in Mustang Country. Find out how a return to geniune performance brought solid sales and profits in 1982-1986 Ford Mustang.
  • A stronger, sleeker, more agile new Mustang arrived in time for the icon's 30th anniversary. 1994-1998 Ford Mustang tells the story of the best Mustang in years.
  • For a full report on the 2007 Ford Mustang, check out Consumer Guide New Car Reviews.  Here you'll find road test results, photos, specifications, and prices for hundreds of cars, trucks, minivans, and SUVs.