Mustang Convertible Prices

Mustang Convertible Prices

Last Updated August 8, 2023 | Meghan Drummond
Convertible Prices by Generation

There’s something about a Mustang convertible that embodies the spirit of America’s favorite pony car. Through the generations, Ford Mustang convertibles have been manufactured alongside their coupe and notchback counterparts, with only one exception: During the Mustang’s second generation, no convertibles were manufactured. It was Lee Iacocca who once described the second generation of Mustang as having lost its way; he must have been a convertible man as well.

For every other generation though, convertibles were manufactured at multiple trim levels. Whether you’re getting an EcoBoost or a Shelby GT, there are options for putting the top down and enjoying a warm summer day. Included in this guide are the original suggested retail prices as well as what those prices would look like when adjusted for inflation.

If you just want to take a look at how the price of the classic performance trim level has changed over time, you can also check out our guide to Mustang GT prices over the years. Or, take some time to browse our complete list of all Mustang prices throughout the model's history.

First Generation Convertible Prices: 1965-1973
Year / Model / TrimBase MSRPAdj. for Inflation
1965 Mustang Convertible$2,663$21,307
1966 Mustang Convertible$2,759$21,462
1967 Mustang Convertible$2,814$21,234
1968 Mustang Convertible$2,920$21,148
1968 Mustang GT Convertible$3,067$22,212
1969 Mustang Convertible$2,954$20,286
1970 Mustang Convertible$3,126$20,305
1971 Mustang Convertible$3,322$20,673
1972 Mustang Convertible$3,051$18,396
1973 Mustang Convertible$3,189$18,102

A white classic Mustang convertible with the top down
First Generation Mustang Convertible

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Third Generation Convertible Prices:1983-1993
Year / Model / TrimBase MSRPAdj. for Inflation
1983 Mustang GLX 2-Door Convertible$12,467$31,547
1983 Mustang GT 2-Door Convertible$13,479$34,108
1984 Mustang GT Turbo 2-Door Convertible$13,245$32,129
1984 Mustang GT 2-Door ConvertibleN/AN/A
1984 Mustang LX 2-Door Convertible$11,849$28,743
1985 Mustang GT 2-Door Convertible$13,585$31,820
1985 Mustang LX 2-Door Convertible$11,985$28,073
1986 Mustang GT 2-Door Convertible$14,523$33,397
1986 Mustang LX 2-Door Convertible$12,821$29,483
1987 Mustang GT 2-Door Convertible (V8)$15,724$34,885
1987 Mustang LX 2-Door Convertible$12,840$28,487
1988 Mustang GT 2-Door Convertible$16,610$35,387
1988 Mustang LX 2-Door Convertible$15,587$33,208
1989 Mustang GT 2-Door Convertible$17,512$35,594
1989 Mustang LX 2-Door Convertible$14,140$28,740
1989 Mustang LX Sport 2-Door Convertible$17,001$34,555
1990 Mustang GT 2-Door Convertible$18,805$36,263
1990 Mustang LX 2-Door Convertible$15,141$29,197
1990 Mustang LX Sport 2-Door Convertible$18,183$35,063
1991 Mustang GT 2-Door Convertible$19,864$36,758
1991 Mustang LX 2-Door Convertible$19,242$35,607
1992 Mustang GT 2-Door Convertible$20,199$36,285
1992 Mustang LX 2-Door Convertible LE$22,727$40,827
1992 Mustang LX 2-Door Convertible$19,644$35,288
1993 Mustang LX 2-Door Convertible$20,293$35,395
1993 Mustang GT 2-Door Convertible$20,848$36,363

A blue Fox Body Mustang
Fox Body Mustang Convertible

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New Edge Convertible Prices: 1994-2004
Year / Model / TrimBase MSRPAdj. for Inflation
1994 Mustang 2-Door Convertible$20,150$34,268
1994 Mustang GT 2-Door Convertible$21,960$37,346
1994 Mustang SVT Cobra 2-Door Convertible$23,535$40,025
1995 Mustang Convertible$20,795$34,390
1995 Mustang GT Convertible$22,595$37,367
1995 Mustang SVT Cobra Convertible$24,070$39,806
1996 Mustang Convertible$21,060$33,829
1996 Mustang GT Convertible$23,495$37,741
1996 Mustang SVT Cobra Convertible$27,580$44,303
1997 Mustang Convertible$20,755$32,592
1997 Mustang GT Convertible$23,985$37,664
1997 Mustang SVT Cobra Convertible$28,135$44,181
1998 Mustang Convertible$20,650$31,929
1998 Mustang GT Convertible$24,150$37,341
1998 Mustang SVT Cobra Convertible$28,510$44,083
1999 Mustang Convertible$21,165$32,019
1999 Mustang GT Convertible$24,965$37,767
1999 Mustang SVT Cobra Convertible$31,470$47,608
2000 Mustang Convertible$21,560$31,555
2000 Mustang GT Convertible$25,460$37,264
2001 Mustang Convertible Deluxe$22,510$32,034
2001 Mustang Convertible Premium$25,075$35,685
2001 Mustang GT Convertible Deluxe$26,985$38,403
2001 Mustang GT Convertible Premium$28,135$40,040
2001 Mustang SVT Cobra Convertible$32,605$46,401
2002 Mustang Convertible Deluxe$23,000$32,222
2002 Mustang Convertible Premium$25,585$35,844
2002 Mustang GT Convertible Deluxe$27,475$38,492
2002 Mustang GT Convertible Premium$28,645$40,131
2003 Mustang Convertible Deluxe$23,455$32,128
2003 Mustang Convertible Premium$26,040$35,668
2003 Mustang GT Convertible Deluxe$28,045$38,415
2003 Mustang GT Convertible Premium$29,215$40,017
2003 Mustang SVT Cobra Convertible$37,835$51,825
2003 Mustang SVT Cobra Convertible 10th Ann.$39,275$53,797
2004 Mustang Convertible Deluxe$23,885$31,868
2004 Mustang Convertible Premium$26,010$34,703
2004 Mustang GT Convertible Deluxe$28,015$37,378
2004 Mustang GT Convertible Premium$29,185$38,939
2004 Mustang SVT Cobra Convertible$39,240$52,355

A white new edge Mustang convertible with raised black top
New Edge Mustang Convertible

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Fifth Generation Convertible Prices: 2005-2014
Year / Model / TrimBase MSRPAdj. for Inflation
2005 Mustang Convertible Deluxe$23,940$30,894
2005 Mustang Convertible Premium$24,815$32,024
2005 Mustang GT Convertible Deluxe$29,565$38,154
2005 Mustang GT Convertible Premium$30,745$39,676
2006 Mustang Convertible Standard$23,940$29,929
2006 Mustang Convertible Deluxe$24,040$30,054
2006 Mustang Convertible Premium$24,915$31,148
2006 Mustang GT Convertible Deluxe$29,965$37,461
2006 Mustang GT Convertible Premium$31,145$38,937
2007 Mustang Convertible Deluxe$24,075$29,264
2007 Mustang Convertible Premium$25,070$30,474
2007 Mustang GT Convertible Deluxe$30,520$37,099
2007 Mustang GT Convertible Premium$31,700$38,533
2007 Shelby GT500 Convertible Premium$45,755$55,618
2008 Mustang Convertible Deluxe$24,475$28,650
2008 Mustang Convertible Premium$25,705$30,090
2008 Mustang GT Convertible Deluxe$31,065$36,365
2008 Mustang GT Convertible Premium$32,245$37,746
2008 Shelby GT500 Convertible Premium$47,155$55,200
2009 Mustang Convertible$25,255$29,669
2009 Mustang Convertible Premium$27,345$32,124
2009 Mustang GT Convertible$32,035$37,634
2009 Mustang GT Convertible Premium$33,985$39,925
2009 Shelby GT500 Convertible Premium$47,950$56,331
2010 Mustang V6 Convertible$26,395$30,508
2010 Mustang V6 Convertible Premium$29,395$33,975
2010 Mustang GT Convertible$33,395$38,599
2010 Mustang GT Convertible Premium$36,395$42,066
2010 Shelby GT500 Convertible Premium$51,725$59,785
2011 Mustang V6 Convertible$27,145$30,415
2011 Mustang V6 Convertible Premium$30,845$34,560
2011 Mustang GT Convertible$34,645$38,818
2011 Mustang GT Convertible Premium$37,845$42,404
2011 Shelby GT500 Convertible Premium$53,645$60,107
2012 Mustang V6 Convertible$27,310$29,979
2012 Mustang V6 Convertible Premium$31,310$34,370
2012 Mustang GT Convertible$34,710$38,103
2012 Mustang GT Convertible Premium$38,710$42,494
2012 Shelby GT500 Convertible Premium$53,810$59,070
2013 Mustang V6 Convertible$27,200$29,427
2013 Mustang V6 Convertible Premium$31,200$33,755
2013 Mustang GT Convertible$35,750$38,678
2013 Mustang GT Convertible Premium$39,750$43,005
2013 Shelby GT500 Convertible Premium$59,200$64,048
2014 Mustang V6 Convertible$27,510$29,288
2014 Mustang V6 Convertible Premium$31,610$33,653
2014 Mustang GT Convertible$36,210$38,550
2014 Mustang GT Convertible Premium$40,310$42,915
2014 Shelby GT500 Convertible Premium$60,110$63,995

A black 2009 Mustang Convertible with the top down
S197 Mustang Convertible

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Sixth Generation Convertible Prices: 2015-2019
Year / Model / TrimBase MSRPAdj. for Inflation
2015 Mustang V6 Convertible$29,300$31,156
2015 Mustang EcoBoost Convertible Premium$34,800$37,005
2015 Mustang GT Convertible Premium$41,800$44,449
2016 Mustang V6 Convertible$29,645$31,131
2016 Mustang EcoBoost Convertible Premium$35,145$36,906
2016 Mustang GT Convertible Premium$41,895$43,995
2017 Mustang V6 Convertible$30,685$31,551
2017 Mustang EcoBoost Convertible Premium$35,695$36,702
2017 Mustang GT Convertible Premium$42,695$43,899
2018 Mustang EcoBoost Convertible$31,180$31,296
2018 Mustang EcoBoost Convertible Premium$36,195$36,330
2018 Mustang GT Convertible Premium$44,690$44,857
2019 Mustang EcoBoost Convertible$31,895N/A
2019 Mustang EcoBoost Convertible Premium$36,910N/A
2019 Mustang GT Convertible Premium$44,855N/A
2020 Mustang EcoBoost Convertible$32,170N/A
2020 Mustang EcoBoost Premium Convertible$37,185N/A
2020 Mustang GT Convertible Premium$45,130N/A

2018 Mustang convertible in Orange Fury
S550 Mustang Convertible

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Image Credits: Motor1 | Motorologist | Ford | AutoTrader

This article was researched, written, edited, and reviewed following the steps outlined in our editorial process. Learn more about CJ's editorial standards and guidelines.