At first glance, it’s hard to tell a ‘68 Mustang from a ‘67 except for the side reflector lights mandated by Uncle Sam. Thanks to a 60-day strike in late 1967 and a saturated market due to newer competition, Mustang output slipped from second place to seventh in U.S production. Yet, more than 317,000 Mustangs still left the assembly line, including this 1968 GT convertible. It’s going to need a mechanical and cosmetic restoration, but it may provide a solid foundation to start from. The car is located outside of Washington, DC and available here on craigslist where the seller says he’s motivated at $15,495 OBO. Thank you, Jay L., for alerting us to this drop-top!
By 1968, Ford could finally make enough Mustangs because that wasn’t the case in the years prior. Builds were 121,500 for half of 1964, 559,500 for 1965, 607,500 in 1966 and 472,100 in 1967. Followed by 317,400 in 1968. But Ford was still building more pony cars than anyone else. For 1968, some of the minor changes were that dashboard panels now featured wood grain appliques, front head rests were optional, and seat backs now locked in the upright position. The 289 V8 was out in favor of the new 302 cubic inch powerplant.
The GT was still a popular option and added just $147 to the price of the car, including this 1967 Mustang convertible. GT’s came with grille-mounted fog lights, a GT gas cap, and GT wheel covers along with two body stripes (reflective material cost extra). GT sales accounted for 17,458 units while 76A-bodied convertibles added up to 22,037 units. We don’t know what the number is when the ragtop and GT were merged.
We’re told this GT convertible will need a complete restoration but that looks pretty obvious. The body has its share of dents and dings and the Highland Green paint is well past its prime. The chrome bumpers are either bent or pitted or both. We don’t see any of the interior, so we can’t comment except to say its black in color. This Mustang came new with the 302 V8 with a 4-barrel set-up and C-4 Cruise-O-Matic transmission. The car doesn’t run and is said to have done so when parked. But since we don’t know how long ago that was, the ease of correcting this is unknown. The odometer has turned over, so the car wears a well-used 180,000 miles.
A 1968 Mustang GT in Fair condition is worth $15,000 according to Hagerty. But that’s for a coupe, so a convertible should be a tick north of that. When restored, this has the potential of being a $45,000 car. So, you’ll have about $30,000 after buying the car to pull all that together. Since parts for these cars are readily available, that could be realistic if hidden rust isn’t an issue.
I think this ’68 GT convertible has potential to be a a very good purchase. I get the impression that there are often times vehicles just let in the garages of homes that contractors buy and they just want to get a fair price for them.
Bargain day baby…
I was expecting 28 thousand dollars here.
Luv the Stang
I have one … so mine fully restored must be worth 300 k.
The typical lazy remark. Ran when parked. What ran like crap?
For this money, I can have a C3 Corvette not needing what this wreck does. Yeah Mustangs are worth money but never a 302 automatic.
??? There’s no way I would want a C3 Corvette over a classic Mustang convertible. It needs a ton of work, but that’s what some of us love to do and this would be gorgeous when done. And it’s about the love of the car, not the $$$. 302’s are great motors by the way.
My best friend in high school bought a 68 Mustang GT convert his senior year, 1970. It was also green, but with a 390/4 speed, 9″, front discs, console, AM/FM stereo, tinted glass, factory gauges, console, etc. I had a black interior, with a white top with the “folding” glass rear window, tinted glass and a reflective gold “C” stripe. Previous owner striped the hood in gold, from the turn signal/vents back. It was a really nice looking Mustang, even the Chevy and Mopar guys liked it. Fast? Not really. The 390 just wasn’t in the same league as the competition. But yeah, it was a really nice looking Mustang! If I still lived in Northern Virginia I would definitely take a look at this one.
The 302 didn’t come out in the Mustangs until the 2ng half of 1968, so how did a 1967 mustang come out with one?????
Somewhere within those 180 k miles😊
John Revels….this is a 68, not a 67…..so why do you object to it having the 302? You, yourself said the 302 didn’t come out till 68…..this car is a 68. Do you understand?
My mistake— i thought as i skimmed the article it said 67! I will pay attention to what i read better! LOL!
Nothing is more cringeworthy than “ran when parked”… as they all run until parked. Its up there with “survivor”…since unless its been crushed or parted out then it has survived. And then there us “rust free” when there is rust present but at least they are “throwing it in for free”. Not far behind any of these are…ahem…”barn find”.
And “original one owner car” , and its shown on a flatbed trailer..
Some pics of the engine bay, interior and underside would be nice.
I owned and operated a large antique car repair & restoration shop in the Washington DC area. We restored plenty of 1st Gen Mustangs. As this car was sold new in the DC area [based on the owner’s paperwork], and it has 180,000+ miles on it, I’m 95% sure it’s got plenty of serious rust in the floors, lower body parts, and the frame sections, especially at the base of the cowl.
As Erik said, doesn’t “every car run when parked”?
Is the penny included behind the serial # plate?
I’m guessing rear helper leaf springs are better than extended shackles.