Mustang GT MSRP by Year

Mustang GT MSRP by Year

Last Updated August 8, 2023 | Meghan Drummond

As long as the Mustang has been around, so have the GT models. GT stands for Gran Touring, and is associated with improved performance and in some cases, like with the GT500 models, exclusivity.

Though at first “GT” simply stood for a package that included several performance-oriented additions, about midway through the first generation Ford figured out what people wanted from a GT option and started to offer it as a separate entity. The GT is much much more than simply a V8 engine under the hood, it also represents the line between daily drivers and performance vehicles. As such, the prices tend to be higher than those of the base model, as you might expect. The prices for the GT model have fluctuated in much the same way as the prices for Mustangs in general and for the convertible models of America’s favorite pony car.

Much like the convertibles, GTs were not available during the Mustang II phase of the Mustang’s evolution and took an extended vacation from ‘68 until ‘81. This wasn’t due to a lack of popularity, but rather was designed to make room for the Cobra, another performance oriented package.

When the GT returned for the 1982 model year, it was to great acclaim, and fortunately we haven’t had an extended period without a GT option since. These are the prices for the GTs from 1968 till today, both the original MSRP and also what it would look like when adjusted for inflation. As the Mustang’s reputation has grown, so have its prices on its premium models. But given the rate of appreciation on classic GTs, people are excited to make the investment in Ford Mustang history.

First Generation GT Prices: 1968-1973
Year / Model / TrimBase MSRPAdj. for Inflation
1968 Mustang GT Hardtop$2,854$20,670
1968 Mustang GT Fastback$2,955$21,401
1968 Mustang GT Convertible$3,067$22,212

Black classic Mustang coupe with GT badge driving down road

Third Generation GT Prices: 1982-1993
Year / Model / TrimBase MSRPAdj. for Inflation
1982 Mustang GT 3-Door Sedan$8,308$21,698
1983 Mustang GT 3-Door Sedan$9,328$23,604
1983 Mustang GT 2-Door Convertible$13,479$34,108
1983 Mustang GT Turbo 3-Door Sedan$9,714$24,581
1984 Mustang GT Turbo 2-Door Sedan$9,762$23,680
1984 Mustang GT Turbo 2-Door Convertible$13,245$32,129
1984 Mustang GT 3-Door SedanN/AN/A
1985 Mustang GT 2-Door Convertible$13,585$31,820
1985 Mustang GT 3-Door Sedan$9,885$23,154
1986 Mustang GT 2-Door Convertible$14,523$33,397
1986 Mustang GT 3-Door Sedan$10,691$24,585
1987 Mustang GT 2-Door Convertible (V8)$15,724$34,885
1987 Mustang GT 3-Door Hatchback (V8)$11,835$26,257
1988 Mustang GT 2-Door Hatchback$12,745$27,153
1988 Mustang GT 2-Door Convertible$16,610$35,387
1989 Mustang GT 2-Door Convertible$17,512$35,594
1989 Mustang GT 2-Door Hatchback$13,272$26,976
1990 Mustang GT 2-Door Convertible$18,805$36,263
1990 Mustang GT 2-Door Hatchback$13,986$26,970
1991 Mustang GT 2-Door Convertible$19,864$36,758
1991 Mustang GT 2-Door Hatchback$15,034$27,820
1992 Mustang GT 2-Door Hatchback$15,243$27,382
1992 Mustang GT 2-Door Convertible$20,199$36,285
1993 Mustang GT 2-Door Convertible$20,848$36,363
1993 Mustang GT 2-Door Hatchback$15,747$27,466

White Fox Body Mustang with black center stripe

Fourth Generation GT Prices: 1994-2004
Year / Model / TrimBase MSRPAdj. for Inflation
1994 Mustang GT 2-Door Convertible$21,960$37,346
1994 Mustang GT 2-Door Coupe$17,270$29,370
1995 Mustang GT Convertible$22,595$37,367
1995 Mustang GT Coupe$17,905$29,611
1995 Mustang GTS Coupe$16,910$27,965
1996 Mustang GT Convertible$23,495$37,741
1996 Mustang GT Coupe$17,610$28,288
1997 Mustang GT Convertible$23,985$37,664
1997 Mustang GT Coupe$18,000$28,265
1998 Mustang GT Convertible$24,150$37,341
1998 Mustang GT Coupe$20,150$31,156
1999 Mustang GT Convertible$24,965$37,767
1999 Mustang GT Coupe$20,965$31,716
2000 Mustang GT Convertible$25,460$37,264
2000 Mustang GT Coupe$21,205$31,036
2001 Mustang GT Coupe Deluxe$22,730$32,347
2001 Mustang GT Coupe Premium$23,880$33,984
2001 Mustang GT Bullitt Coupe$26,230$37,328
2001 Mustang GT Convertible Deluxe$26,985$38,403
2001 Mustang GT Convertible Premium$28,135$40,040
2002 Mustang GT Coupe Deluxe$23,220$32,530
2002 Mustang GT Coupe Premium$24,390$34,170
2002 Mustang GT Convertible Deluxe$27,475$38,492
2002 Mustang GT Convertible Premium$28,645$40,131
2003 Mustang GT Coupe Deluxe$23,705$32,470
2003 Mustang GT Coupe Premium$24,875$34,073
2003 Mustang GT Convertible Deluxe$28,045$38,415
2003 Mustang GT Convertible Premium$29,215$40,017
2004 Mustang GT Coupe Deluxe$23,675$31,588
2004 Mustang GT Coupe Premium$24,845$33,149
2004 Mustang GT Convertible Deluxe$28,015$37,378
2004 Mustang GT Convertible Premium$29,185$38,939

Bright yellow New Edge convertible GT

Fifth Generation GT Prices: 2005-2014
Year / Model / TrimBase MSRPAdj. for Inflation
2005 Mustang GT Coupe Deluxe$25,140$32,443
2005 Mustang GT Coupe Premium$26,320$33,966
2005 Mustang GT Convertible Deluxe$29,565$38,154
2005 Mustang GT Convertible Premium$30,745$39,676
2006 Mustang GT Coupe Deluxe$25,140$31,429
2006 Mustang GT Coupe Premium$26,320$32,904
2006 Mustang GT Convertible Deluxe$29,965$37,461
2007 Mustang GT Coupe Deluxe$25,695$31,233
2007 Mustang GT Coupe Premium$26,875$32,668
2007 Mustang GT Convertible Deluxe$30,520$37,099
2007 Mustang GT Convertible Premium$31,700$38,533
2007 Shelby GT500 Coupe Premium$40,930$49,753
2007 Shelby GT500 Convertible Premium$45,755$55,618
2008 Mustang GT Coupe Deluxe$26,240$30,717
2008 Mustang GT Coupe Premium$27,420$32,098
2008 Mustang GT Convertible Deluxe$31,065$36,365
2008 Mustang GT Convertible Premium$32,245$37,746
2008 Shelby GT500 Coupe Premium$42,330$49,552
2008 Shelby GT500 Convertible Premium$47,155$55,200
2009 Mustang GT Coupe$27,210$31,966
2009 Mustang GT Coupe Premium$29,160$34,257
2009 Mustang GT Convertible$32,035$37,634
2009 Mustang GT Convertible Premium$33,985$39,925
2009 Shelby GT500 Coupe Premium$43,125$50,663
2009 Shelby GT500 Convertible Premium$47,950$56,331
2010 Mustang GT Coupe$28,395$32,820
2010 Mustang GT Coupe Premium$31,395$36,287
2010 Mustang GT Convertible$33,395$38,599
2010 Mustang GT Convertible Premium$36,395$42,066
2010 Shelby GT500 Coupe Premium$46,725$54,006
2010 Shelby GT500 Convertible Premium$51,725$59,785
2011 Mustang GT Coupe$29,645$33,216
2011 Mustang GT Coupe Premium$32,845$36,801
2011 Mustang GT Convertible$34,645$38,818
2011 Mustang GT Convertible Premium$37,845$42,404
2011 Shelby GT500 Coupe Premium$48,645$54,505
2011 Shelby GT500 Convertible Premium$53,645$60,107
2012 Mustang GT Coupe$29,710$32,614
2012 Mustang GT Coupe Premium$33,710$37,005
2012 Mustang GT Convertible$34,710$38,103
2012 Mustang GT Convertible Premium$38,710$42,494
2012 Shelby GT500 Coupe Premium$48,810$53,581
2012 Shelby GT500 Convertible Premium$53,810$59,070
2013 Mustang GT Coupe$30,750$33,268
2013 Mustang GT Coupe Premium$34,750$37,596
2013 Mustang GT Convertible$35,750$38,678
2013 Mustang GT Convertible Premium$39,750$43,005
2013 Shelby GT500 Coupe Premium$54,200$58,639
2013 Shelby GT500 Convertible Premium$59,200$64,048
2014 Mustang GT Coupe$31,210$33,227
2014 Mustang GT Coupe Premium$35,310$37,592
2014 Mustang GT Convertible$36,210$38,550
2014 Mustang GT Convertible Premium$40,310$42,915
2014 Shelby GT500 Coupe Premium$55,110$58,672
2014 Shelby GT500 Convertible Premium$60,110$63,995

Silver S197 Mustang GT

Sixth Generation GT Prices: 2015-2019
Year / Model / TrimBase MSRPAdj. for Inflation
2015 Mustang GT Fastback$32,300$34,347
2015 Mustang GT Fastback Premium$36,300$38,600
2015 Mustang GT Convertible Premium$41,800$44,449
2015 Mustang GT 50 Years LE 50 Yrs Limited Edition$46,170$49,096
2016 Mustang GT Fastback$32,395$34,018
2016 Mustang GT Fastback Premium$36,395$38,219
2016 Mustang GT Convertible Premium$41,895$43,995
2016 Shelby GT350 Fastback$47,795$50,190
2017 Mustang GT Fastback$33,195$34,131
2017 Mustang GT Fastback Premium$37,195$38,244
2017 Mustang GT Convertible Premium$42,695$43,899
2017 Shelby GT350 Fastback$54,845$56,392
2018 Mustang GT Fastback$35,190$35,321
2018 Mustang GT Fastback Premium$39,190$39,336
2018 Mustang GT Convertible Premium$44,690$44,857
2018 Shelby GT350 Fastback$57,240$57,454
2018 Shelby GT350R Fastback$64,740$64,982
2019 Mustang GT Fastback$35,355N/A
2019 Mustang GT Fastback Premium$39,355N/A
2019 Mustang GT Convertible Premium$44,855N/A
2019 Mustang BULLITT$46,595N/A
2019 Shelby GT350 Fastback$59,140N/A
2019 Shelby GT350R Fastback$67,135N/A
2020 Mustang GT Fastback$35,630N/A
2020 Mustang GT Fastback Premium$39,630N/A
2020 Mustang GT Convertible Premium$45,130N/A
2020 Mustang BULLITT$47,810N/A
2020 Shelby GT350 Fastback$60,440N/A
2020 Shelby GT350R Fastback$73,435N/A
2020 Shelby GT500 Fastback$72,900N/A

Sixth generation orange GT Mustang Coupe

Image Credit: Ford | Car and Driver | Mustangs and Fords | Car Gurus

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