Starting at over $21,000, the 1994 Ford Mustang Cobra was the most expensive  '94 Mustang. But with 240 horseower, it was also the most powerful.

The 1994 Ford Mustang Cobra

Like its 1993 predecessor, the 1994 Ford Mustang Cobra was the work of Ford's Special Vehicle Team (SVT). Exclusive features began with a unique front fascia and rear spoiler, 17-inch five-spoke wheels with gumball P245/45ZR Eagle GS-C tires, another discreet chrome snake on each front fender, and a leather-lined interior with trendy white-faced gauges (including a 160-mph speedometer).

The chassis remained stock Mustang GT but was again made a bit softer for "controlled compliance" handling. Antilock brakes were newly standard for much-enlarged disc brakes: 13 inches in front, clamped by new dual-piston calipers, and 10.5 inches in back.

For the 5.0-liter V-8, SVT applied larger valves, higher-flow exhaust manifolds, extruded-aluminum rocker arms with roller followers, low-drag accessory drive, and lightened flywheel. Yet all this yielded just five more horsepower, 240 in all. Motor-noters heaved more sighs. Even this new Cobra was 35 horses shy of a box-stock Z28.

The Cobra narrowed Mustang's performance gap with GM, but not much. Car and Driver clocked a five-speed coupe at 5.9 seconds 0-60 and 14.7 at 96 mph in the standing quarter-mile, both timings a full half-second adrift of a Z28's.

The Cobra "is undoubtedly the most muscular Mustang available," C/D concluded, "and at $21,240 for the coupe and $24,010 for the convertible, the most expensive. At those prices, this package will appeal to Mustang enthusiasts, but we have a hard time imagining that a new breed of customers will be flocking into SVT showrooms [some 750 participating Ford dealers]."

Still Out Front in Sales[/b]

If Mustang remained second-best in a drag race, it was still first in the sales race, with a '94 model-year total of 137,074 units, a whopping 17,245 ahead of Camaro.

The '94 Mustang Cobra convertible was limited to 1000 units. All were essentially Indy pace car replicas, complete with race-day decals.

V-6 Mustangs predictably outsold GTs but by lesser margins than in recent years. Among Cobras, Ford ended up building about 1000 more coupes than projected, 5009 in all. Cobra convertibles were deliberately limited to 1000, as planned. All were essentially pace-car replicas done in Rio Red with saddle tops and saddle leather interiors, but without the actual pacers' special over-cockpit hoop/light bar. Race-day decals were naturally included.

Once again, Ford made few changes when putting together the '95 Mustang lineup, but sales were up regardless. Keep reading to learn more about the 1995 Ford Mustang and Mustang Cobra.

  • 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.
  • The Fox generation of Mustangs got a new lease on life with a 1987 restyle and further refinements into the early Nineties. Learn all about it in 1987-1993 Ford Mustang.
  • Ford's ageless pony car was rejuvenated one more time for 1999 with "New Edge" styling, more power, and many key refinements. Read 1999-2004 Ford Mustang to learn about the fastest, most roadable Mustangs yet.
  • Ford muscle cars were among the top performers of the muscle car era. Check out profiles, photos, and specifications of some tough Ford muscle cars.