Mustang Convertible Prices
Last Updated August 8, 2023 | Meghan DrummondConvertible 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 / Trim | Base MSRP | Adj. 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 |
First Generation Mustang Convertible
Third Generation Convertible Prices:1983-1993
| Year / Model / Trim | Base MSRP | Adj. 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 Convertible | N/A | N/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 |
Fox Body Mustang Convertible
New Edge Convertible Prices: 1994-2004
| Year / Model / Trim | Base MSRP | Adj. 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 |
New Edge Mustang Convertible
Fifth Generation Convertible Prices: 2005-2014
| Year / Model / Trim | Base MSRP | Adj. 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 |
S197 Mustang Convertible
Sixth Generation Convertible Prices: 2015-2019
| Year / Model / Trim | Base MSRP | Adj. 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 | $31,895 | N/A |
| 2019 Mustang EcoBoost Convertible Premium | $36,910 | N/A |
| 2019 Mustang GT Convertible Premium | $44,855 | N/A |
| 2020 Mustang EcoBoost Convertible | $32,170 | N/A |
| 2020 Mustang EcoBoost Premium Convertible | $37,185 | N/A |
| 2020 Mustang GT Convertible Premium | $45,130 | N/A |
S550 Mustang Convertible
Image Credits: Motor1 | Motorologist | Ford | AutoTrader
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