The first generation of the Ford Mustang received its last makeover in 1971-73, making the car even longer, wider, and heavier than before. Strong competition and the departure in size from its roots caused sales to drop to 125,000 units in 1972 compared to the peak of 607,000 copies in 1966. The seller’s ’72 convertible looks solid, but the selling dealer only posted a handful of photos. From Tacoma, Washington, this drop-top pony car is available here on craigslist for $33,750, but $12,500 of that is to try to recover upgrade expenses from two years ago. This tip comes to us by way of Barn Finder “Curvette.”

Of the 1971-73 “big” Mustangs, convertibles are likely the hardest to find. Only 6,000 were produced in both 1971 and 1972, but doubled in 1973 as buyers learned that the ragtop would be gone in 1974 with the all-new Mustang II subcompact. Those reinvented cars would shed 800 lbs. and gain 4-cylinder engines that proved prophetic when the OPEC oil embargo hit in ’73-’74.

The seller’s ‘Stang was no garage queen, as the overall car has collected 160,000 miles. But the 351 cubic inch “Cleveland” V8 has logged only 40,000. We don’t know if the original motor was treated to a rebuild or another V8 brought in to do the job. Receipts exist to prove that $12,500 in work was done in 2023, which may have included new wheels and tires. We would assume the C-6 automatic tranny has been refreshed.

From what we see, the car looks nice. Is the paint original or a redo, and how about the interior, which the seller says is tldy? The dealer was made aware that the Ford has never been driven in the rain, so time in the garage has been kind to the Mustang. If you are a fan of these ‘70s ponies, a convertible should be a better investment given low production numbers.