1 of 65: 1992 Ford Mustang SAAC MKII

This 1992 Ford Mustang Shelby American Auto Club (SAAC) Mustang convertible is one of the rarer Shelby cars ever built, made even more limited as a second generation, or MKII, model. Built with Carroll Shelby’s blessing, SAAC really is a tremendous story of enthusiasts banding together to build the car of their dreams. Second generation models like this one here on eBay were largely identical to MKIs, with the exception of more paint choices like the red with white seen here and the convertible body style.

This example almost met reserve in its last eBay go round but didn’t quite clear the asking price, which is listed here as a Buy-It-Now of $42,500. With only 1,600 miles on the clock, this may be one of the newest SAACs to come on the market recently. Of course, given its obscurity, that may limit interest among some Fox Body enthusiasts, especially since the Cobra that followed shortly thereafter offered many of the improvements the SAAC offered a few years earlier. Note the unique body kit, Simmons three-piece wheels, lowered suspension and Ford Motorsports brakes.

The interior featured custom touches as well, but the majority of the improvements were performance-based. Even better, since these enhancements were lifted from the SVO catlog, the SAACs carried factory warranties. Given how few were even built, I doubt Ford was worried about thousands of cars coming in for burned out clutches or worn out synchros. Speaking of, SAACs also received Centerforce clutches and a Hurst shifter as standard equipment, which, when coupled with the numerous performance enhancements, made 0-60 time of 5.2 seconds possible.

The SAAC developed 295 b.h.p. and 334 lb-ft of torque when new, which this one surely does given its low use. The seller mentions this is an investment grade car, and I don’t doubt it – if you wanted a Shelby Mustang in 1992, this was your only option for a Fox Body edition. However, it’s a tough call when the Shelby connection isn’t quite as strong as the first generation cars and the Cobra offered similar performance with a fair amount of exclusivity as well. Which would you choose?

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Comments

  1. AirBoss

    Nice, but not $40k nice. What’s the black rubber (?) panel resting on the front fender?

    3
    • dave

      Antenna hole plug, as the car does not have a radio.

      5
  2. Thomas Price

    AirBoss – Isn’t that black rubber a cover for where the antenna was? (Sure, I would have done a little body work to close the hole, but maybe this was an easier fix )

    2
  3. AirBoss

    An awfully fugly plug!

    4
  4. Lroy

    Nice car in great shape, but when i can get a 2005 Shelby GT 500 for nearly half the price. Im not sure this car will ever be worth $42k, with so many amazing mustangs produced since this iteration.

    8
    • Part Time

      I believe 07 was the first year for new GT 500.

      1
      • andyp

        Yes, there is no 2005 Shelby GT500

        1
  5. MAS

    These are SAAC club cars…..produced by the club…..They were NEVER authorized by Carroll Shelby, pre-production the club told buyers that it was and that it would have Shelby’s name in the badging……but that never happened. Not having Shelby’s authorization almost every potential buyer backed out and people who ordered cancelled the order. 90% of the people who purchased these were all SAAC club members to represent the club. They have little to no following……now IF they were a Shelby, I am sure things would have been different…..but it is just a club produced car

    1
  6. troy

    With an original sticker price of 51,395 dollars no wonder there were so few built back then. It’s a neat 5.0 Mustang with all the typical upgrades done to it, especially the engine with the gt40 heads and intake, 65 mm throttle body, etc…,etc. but I don’t really know if people are ready to spend that kind of dough on 5.0’s yet. Thing about these always was the best bang for the buck, not this particular car, but 5.0’s in general. Another thing about this one here is the very low mileage which would make it a “show” car, not a fun driver. Just my thoughts.

    1
  7. John m leyshon

    Nice find. I Know a lot of details on these cars, was not aware of this find, very cool !

    @ Troy, im with you…I like to drive !!! Not trailer a super model to the track !

    2
  8. CanuckCarGuy

    Notwithstanding the SAAC connection, it’s a Fox body Mustang with a plethora of bolt on parts and some stripes…too many of those in existence already IMHO. Despite being blessed by Shelby, that connection is obscure to anyone but a diehard Shelby fan, and doesn’t warrant the asking price.

    3
    • Rafael Robles

      Not too mention that in the U.S., a few thousands more seats you in a Voodoo Shelby 350GT, which is like 3 times the car this Fox mustang is.

      2
  9. Chuckf 55chevy

    To quote Dave Kendig, Daddy like! But I would just buy the local 88 GT vert for $1800 and make a clone, always liked red with white stripes.

    2
  10. Ike Onick

    Apparently Ol’ Shel would put his name on anything for a buck.

    3
  11. MAS

    These are SAAC club cars…..built by the SAAC club…..They were NEVER authorized by Carroll Shelby, pre-production the club told buyers that it was and that it would have Shelby’s name in the badging……but that never happened. Not having Shelby’s authorization almost every potential buyer backed out and people who ordered cancelled the order. 90% of the people who purchased these were all SAAC club members to represent the club. They have little to no following……now if they were a Shelby, I am sure things would have been different.

    4
  12. Troy s

    If I had a choice of these more rare models of the Mustang it would be that 351 powered Cobra R racer that a few people had the chance to by in the mid nineties. We all hoped for a 5.8 Mustang and there were always rumors, that engine would have clearly put Ford in front of just about anything back then but it never really happened except for that street legal race car. Other rumors back then about a Ford ranger with 5.0 power, now that would have been something! Again, nada.

  13. Ken Wittick

    As a member of SAAC back in those days,I never got who the market was for these cars.The very exsitince of clone Shelby’s and kit Cobras made us quite ill.I recall this was where things started getting weird in the club.Carroll pulled away and law suits started.

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