1994 1995 1996 1997 1998 Ford Mustang

1994 Ford Mustang Prices

At $13,365, the base-model 1994 Ford Mustang coupe had a V-6  and started some $2500 higher than its four-cylinder predecessor.

Overall, the redesigned 1994 Ford Mustang represented the kind of thorough modernization that Ford had already lavished on its family sedans. Still, some critics huffed that after such a long wait, this "all-new" Mustang wasn't really all new. Ford defended the car on two grounds.

First, it pointed to all those new and modified parts. Second, as project overseer Will Boddie pointed out, a ground-up redesign would have forced Ford to raise prices. "When we talked with Mustang owners... they kept saying, 'What can you do to keep it affordable, to give us value?' We listened to them."

Fair enough, but some buyers must have suffered sticker shock anyway.

The 1994 Ford Mustang entry-level coupe, for example, jumped from $10,810 to $13,365, though the extra money admittedly bought a larger engine, much better brakes, and the dual airbags, plus a tilt steering wheel and four-way power driver's seat that had cost extra before.

The 1994 Ford Mustang GT coupe started at $17,280 vs. $15,850 for its '93 counterpart, but it boasted all the same upgrades, plus bigger wheels and tires and expected standards like front foglights, rear spoiler, sport seats, and leather-rim steering wheel. The base convertible looked like a fine value at a little-changed $20,160; the GT version stickered at a reasonable $21,970.

All '94 models had a "twin-cowl" dashboard with full gauges and dual airbags.

For the first time since 1973, ragtops were built entirely in-house, right alongside coupes. A power top with glass rear window remained standard, joined by a rear-window defogger. Recalling the 1963 Mustang II show car was an announced Corvette-style liftoff hardtop. Though too bulky for one person, it weighed a manageable 80 pounds and had the same look as the coupe's fixed steel roof. It was a nice idea, but production glitches delayed availability to model-year '95, by which time buyers had apparently lost interest, and the option was canceled after only 499 installations.

Lack of horsepower and of any real innovation in the model year were some of the complaints auto experts had for the '94 Mustang lineup. Keep reading to see what the reviewers had to say.

Want to find out even more about the Mustang legacy? Follow these links to learn all about the original pony car:

  • 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.