Mustang GT MSRP by Year
Last Updated June 21, 2024 | Meghan DrummondAs 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.
| Year / Model / Trim | Base MSRP | Adj. for Inflation |
|---|---|---|
| 1968 Mustang GT Hardtop | $2,854 | $26,140 |
| 1968 Mustang GT Fastback | $2,955 | $27,065 |
| 1968 Mustang GT Convertible | $3,067 | $28,091 |
| Year / Model / Trim | Base MSRP | Adj. for Inflation |
|---|---|---|
| 1982 Mustang GT 3-Door Sedan | $8,308 | $27,517 |
| 1983 Mustang GT 3-Door Sedan | $9,328 | $29,789 |
| 1983 Mustang GT 2-Door Convertible | $13,479 | $43,046 |
| 1983 Mustang GT Turbo 3-Door Sedan | $9,714 | $31,022 |
| 1984 Mustang GT Turbo 2-Door Sedan | $9,762 | $29,921 |
| 1984 Mustang GT Turbo 2-Door Convertible | $13,245 | $40,597 |
| 1984 Mustang GT 3-Door Sedan | N/A | N/A |
| 1985 Mustang GT 2-Door Convertible | $13,585 | $40,218 |
| 1985 Mustang GT 3-Door Sedan | $9,885 | $29,264 |
| 1986 Mustang GT 2-Door Convertible | $14,523 | $41,386 |
| 1986 Mustang GT 3-Door Sedan | $10,691 | $30,466 |
| 1987 Mustang GT 2-Door Convertible (V8) | $15,724 | $44,164 |
| 1987 Mustang GT 3-Door Hatchback (V8) | $11,835 | $33,241 |
| 1988 Mustang GT 2-Door Hatchback | $12,745 | $34,405 |
| 1988 Mustang GT 2-Door Convertible | $16,610 | $44,838 |
| 1989 Mustang GT 2-Door Convertible | $17,512 | $45,165 |
| 1989 Mustang GT 2-Door Hatchback | $13,272 | $34,230 |
| 1990 Mustang GT 2-Door Convertible | $18,805 | $46,102 |
| 1990 Mustang GT 2-Door Hatchback | $13,986 | $34,287 |
| 1991 Mustang GT 2-Door Convertible | $19,864 | $46,093 |
| 1991 Mustang GT 2-Door Hatchback | $15,034 | $34,885 |
| 1992 Mustang GT 2-Door Hatchback | $15,243 | $34,474 |
| 1992 Mustang GT 2-Door Convertible | $20,199 | $45,682 |
| 1993 Mustang GT 2-Door Convertible | $20,848 | $45,662 |
| 1993 Mustang GT 2-Door Hatchback | $15,747 | $34,490 |
| Year / Model / Trim | Base MSRP | Adj. for Inflation |
|---|---|---|
| 1994 Mustang GT 2-Door Convertible | $21,960 | $46,913 |
| 1994 Mustang GT 2-Door Coupe | $17,270 | $36,894 |
| 1995 Mustang GT Convertible | $22,595 | $46,953 |
| 1995 Mustang GT Coupe | $17,905 | $37,207 |
| 1995 Mustang GTS Coupe | $16,910 | $35,139 |
| 1996 Mustang GT Convertible | $23,495 | $47,527 |
| 1996 Mustang GT Coupe | $17,610 | $35,622 |
| 1997 Mustang GT Convertible | $23,985 | $47,085 |
| 1997 Mustang GT Coupe | $18,000 | $35,336 |
| 1998 Mustang GT Convertible | $24,150 | $46,675 |
| 1998 Mustang GT Coupe | $20,150 | $38,944 |
| 1999 Mustang GT Convertible | $24,965 | $47,458 |
| 1999 Mustang GT Coupe | $20,965 | $39,854 |
| 2000 Mustang GT Convertible | $25,460 | $47,108 |
| 2000 Mustang GT Coupe | $21,205 | $39,235 |
| 2001 Mustang GT Coupe Deluxe | $22,730 | $40,544 |
| 2001 Mustang GT Coupe Premium | $23,880 | $42,595 |
| 2001 Mustang GT Bullitt Coupe | $26,230 | $46,787 |
| 2001 Mustang GT Convertible Deluxe | $26,985 | $48,134 |
| 2001 Mustang GT Convertible Premium | $28,135 | $50,185 |
| 2002 Mustang GT Coupe Deluxe | $23,220 | $40,950 |
| 2002 Mustang GT Coupe Premium | $24,390 | $43,013 |
| 2002 Mustang GT Convertible Deluxe | $27,475 | $48,454 |
| 2002 Mustang GT Convertible Premium | $28,645 | $50,518 |
| 2003 Mustang GT Coupe Deluxe | $23,705 | $40,747 |
| 2003 Mustang GT Coupe Premium | $24,875 | $42,758 |
| 2003 Mustang GT Convertible Deluxe | $28,045 | $48,207 |
| 2003 Mustang GT Convertible Premium | $29,215 | $50,218 |
| 2004 Mustang GT Coupe Deluxe | $23,675 | $39,926 |
| 2004 Mustang GT Coupe Premium | $24,845 | $41,900 |
| 2004 Mustang GT Convertible Deluxe | $28,015 | $47,246 |
| 2004 Mustang GT Convertible Premium | $29,185 | $49,219 |
| Year / Model / Trim | Base MSRP | Adj. for Inflation |
|---|---|---|
| 2005 Mustang GT Coupe Deluxe | $25,140 | $41,174 |
| 2005 Mustang GT Coupe Premium | $26,320 | $43,107 |
| 2005 Mustang GT Convertible Deluxe | $29,565 | $48,422 |
| 2005 Mustang GT Convertible Premium | $30,745 | $50,354 |
| 2006 Mustang GT Coupe Deluxe | $25,140 | $39,596 |
| 2006 Mustang GT Coupe Premium | $26,320 | $41,455 |
| 2006 Mustang GT Convertible Deluxe | $29,965 | $47,196 |
| 2007 Mustang GT Coupe Deluxe | $25,695 | $39,647 |
| 2007 Mustang GT Coupe Premium | $26,875 | $41,468 |
| 2007 Mustang GT Convertible Deluxe | $30,520 | $47,092 |
| 2007 Mustang GT Convertible Premium | $31,700 | $48,913 |
| 2007 Shelby GT500 Coupe Premium | $40,930 | $63,155 |
| 2007 Shelby GT500 Convertible Premium | $45,755 | $70,600 |
| 2008 Mustang GT Coupe Deluxe | $26,240 | $38,826 |
| 2008 Mustang GT Coupe Premium | $27,420 | $40,572 |
| 2008 Mustang GT Convertible Deluxe | $31,065 | $45,966 |
| 2008 Mustang GT Convertible Premium | $32,245 | $47,712 |
| 2008 Shelby GT500 Coupe Premium | $42,330 | $62,635 |
| 2008 Shelby GT500 Convertible Premium | $47,155 | $69,774 |
| 2009 Mustang GT Coupe | $27,210 | $40,250 |
| 2009 Mustang GT Coupe Premium | $29,160 | $43,134 |
| 2009 Mustang GT Convertible | $32,035 | $47,387 |
| 2009 Mustang GT Convertible Premium | $33,985 | $50,272 |
| 2009 Shelby GT500 Coupe Premium | $43,125 | $63,792 |
| 2009 Shelby GT500 Convertible Premium | $47,950 | $70,929 |
| 2010 Mustang GT Coupe | $28,395 | $40,928 |
| 2010 Mustang GT Coupe Premium | $31,395 | $45,252 |
| 2010 Mustang GT Convertible | $33,395 | $48,135 |
| 2010 Mustang GT Convertible Premium | $36,395 | $52,459 |
| 2010 Shelby GT500 Coupe Premium | $46,725 | $67,349 |
| 2010 Shelby GT500 Convertible Premium | $51,725 | $74,556 |
| 2011 Mustang GT Coupe | $29,645 | $42,044 |
| 2011 Mustang GT Coupe Premium | $32,845 | $46,582 |
| 2011 Mustang GT Convertible | $34,645 | $49,135 |
| 2011 Mustang GT Convertible Premium | $37,845 | $53,673 |
| 2011 Shelby GT500 Coupe Premium | $48,645 | $68,990 |
| 2011 Shelby GT500 Convertible Premium | $53,645 | $76,082 |
| 2012 Mustang GT Coupe | $29,710 | $40,938 |
| 2012 Mustang GT Coupe Premium | $33,710 | $46,450 |
| 2012 Mustang GT Convertible | $34,710 | $47,828 |
| 2012 Mustang GT Convertible Premium | $38,710 | $53,340 |
| 2012 Shelby GT500 Coupe Premium | $48,810 | $67,257 |
| 2012 Shelby GT500 Convertible Premium | $53,810 | $74,147 |
| 2013 Mustang GT Coupe | $30,750 | $41,706 |
| 2013 Mustang GT Coupe Premium | $34,750 | $47,131 |
| 2013 Mustang GT Convertible | $35,750 | $48,488 |
| 2013 Mustang GT Convertible Premium | $39,750 | $53,913 |
| 2013 Shelby GT500 Coupe Premium | $54,200 | $73,512 |
| 2013 Shelby GT500 Convertible Premium | $59,200 | $80,293 |
| 2014 Mustang GT Coupe | $31,210 | $41,672 |
| 2014 Mustang GT Coupe Premium | $35,310 | $47,147 |
| 2014 Mustang GT Convertible | $36,210 | $48,348 |
| 2014 Mustang GT Convertible Premium | $40,310 | $53,823 |
| 2014 Shelby GT500 Coupe Premium | $55,110 | $73,584 |
| 2014 Shelby GT500 Convertible Premium | $60,110 | $80,260 |
| Year / Model / Trim | Base MSRP | Adj. for Inflation |
|---|---|---|
| 2015 Mustang GT Fastback | $32,300 | $43,166 |
| 2015 Mustang GT Fastback Premium | $36,300 | $48,512 |
| 2015 Mustang GT Convertible Premium | $41,800 | $55,862 |
| 2015 Mustang GT 50 Years LE 50 Yrs Limited Edition | $46,170 | $61,702 |
| 2016 Mustang GT Fastback | $32,395 | $42,707 |
| 2016 Mustang GT Fastback Premium | $36,395 | $47,980 |
| 2016 Mustang GT Convertible Premium | $41,895 | $55,231 |
| 2016 Shelby GT350 Fastback | $47,795 | $63,009 |
| 2017 Mustang GT Fastback | $33,195 | $42,694 |
| 2017 Mustang GT Fastback Premium | $37,195 | $47,839 |
| 2017 Mustang GT Convertible Premium | $42,695 | $54,912 |
| 2017 Shelby GT350 Fastback | $54,845 | $70,539 |
| 2018 Mustang GT Fastback | $35,190 | $44,342 |
| 2018 Mustang GT Fastback Premium | $39,190 | $49,382 |
| 2018 Mustang GT Convertible Premium | $44,690 | $56,312 |
| 2018 Shelby GT350 Fastback | $57,240 | $72,126 |
| 2018 Shelby GT350R Fastback | $64,740 | $81,577 |
| 2019 Mustang GT Fastback | $35,355 | $43,869 |
| 2019 Mustang GT Fastback Premium | $39,355 | $48,832 |
| 2019 Mustang GT Convertible Premium | $44,855 | $55,657 |
| 2019 Mustang BULLITT | $46,595 | $57,816 |
| 2019 Shelby GT350 Fastback | $59,140 | $73,382 |
| 2019 Shelby GT350R Fastback | $67,135 | $83,303 |
| 2020 Mustang GT Fastback | $35,630 | $43,138 |
| 2020 Mustang GT Fastback Premium | $39,630 | $47,981 |
| 2020 Mustang GT Convertible Premium | $45,130 | $54,640 |
| 2020 Mustang BULLITT | $47,810 | $57,884 |
| 2020 Shelby GT350 Fastback | $60,440 | $73,176 |
| 2020 Shelby GT350R Fastback | $73,435 | $88,909 |
| 2020 Shelby GT500 Fastback | $72,900 | $88,261 |
| 2021 Mustang GT Fastback | $37,480 | N/A |
| 2021 Mustang GT Fastback Premium | $41,480 | N/A |
| 2021 Mustang GT Convertible Premium | $45,380 | N/A |
| 2021 Mustang Mach 1 | $51,720 | N/A |
| 2021 Mustang GT500 | $72,900 | N/A |
| 2022 Mustang GT Fastback | $39,420 | N/A |
| 2022 Mustang GT Fastback Premium | $44,440 | N/A |
| 2022 Mustang GT Convertible Premium | $47,795 | N/A |
| 2022 Mustang Mach 1 | $57,645 | N/A |
| 2022 Mustang Shelby GT500 | $73,465 | N/A |
| 2023 Mustang GT Fastback | $39,720 | N/A |
| 2023 Mustang GT Fastback Premium | $44,740 | N/A |
| 2023 Mustang GT Convertible Premium | $50,260 | N/A |
| 2023 Mustang Mach 1 | $57,945 | N/A |
| Year / Model / Trim | Base MSRP | Adj. for Inflation |
|---|---|---|
| 2024 Mustang GT Fastback | $41,495 | N/A |
| 2024 Mustang GT Fastback Premium | $46,015 | N/A |
| 2024 Mustang GT Convertible Premium | $51,515 | N/A |
| 2024 Mustang Dark Horse | $59,270 | N/A |
Get the Most Out of Your Mustang GT
Now that you know the value of your Mustang GT, it's time to take it to the next level by starting a restoration or modification project. Make your classic or modern Mustang GT your own with performance upgrades, style improvements, and body restoration. Check out our Mustang parts page for everything you need to complete your dream build.
Image Credit: Ford | Car and Driver | Mustangs and Fords | Car Gurus
