S-Code Project: 1968 Ford Mustang GT Fastback

I’ve previously talked about cars that have been listed for sale, and how they can generate a lot of interest from potential buyers. This 1968 Mustang is a good example because 21 people have been interested enough to submit a total of 52 bids on the car. Maybe it’s because it’s a Fastback, maybe it’s because it is an S-Code car, or maybe it’s the fact that it is listed in a No Reserve auction. Barn Finder Patrick S spotted the Mustang for us, so thank you for that Patrick. The Mustang is located in Tyler, Minnesota, and is listed for sale here on eBay. That spirited bidding has pushed the price to $12,500 in a No Reserve auction.

There’s no hiding from the fact that this is a Mustang with some rust issues, and they are in all of the usual places. This includes the floors, parts of the frame rails, and the torque boxes, just to name a few. None of this is beyond repair, and we all know how readily available parts are for these cars. The body itself doesn’t look too bad, with no major rust apparent on the outside of the car. It also appears to be complete, so the majority of the issues seem to be below the skin.

The owner believes that the drive-train is original, with the exception of the carburetor. This is an S-Code 390ci V8, which produces 325hp. Hooked to the 390 is the original 4-speed manual transmission, while the car also sports its original 9″ rear end. While the news is largely good on the numbers-matching front, there is one spot of bad news. While the engine does run, it has a knock in it, and the owner doesn’t appear to be sure what it is. He says that the transmission shifts smoothly, but the car is far from roadworthy. It was optioned with power disc brakes, and with the calipers currently missing, this old girl doesn’t stop that well.

The interior of the Mustang is largely complete, but it will require some restoration work. The rear panel has been cut to fit speakers, while there are a number of knobs and controls that are missing. The majority of the trim looks like it could be restored, but the seats will need new covers. the dash pad looks like it is free of any cracks, and the original 8,000rpm tachometer is still in the dash. With the Candy Apple Red paint and this black interior, this would have been one very desirable car when it was new.

For those of you with a love of the blue-oval, this Mustang would represent a pretty desirable piece of equipment. It needs some work, but it definitely isn’t beyond saving. Once restored, it is a car that would attract plenty of admiring glances. I will be interested to know whether any of our readers are interested in bidding on this one.

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Comments

  1. TimM

    Big block 4 speed doesn’t get any better than that!!

    17
  2. Morgan Winter

    ’67 rear quarters?

    11
    • GKrone

      The listing does say that there was repair work done on the rear quarters. That work would have to be redone if bringing it back to ’68 styling.

      9
  3. CCFisher

    Those quarter panels look like the poor-quality repro panels that were, sadly, the best available in the ’80s. Front floor pans look like replacements, as well. With such a clean break between the original, painted tunnel and the floor pan, I would guess they were installed with pop rivets. Odd that someone would go to the trouble of replacing floors and quarters and then casually coat the tops of the inner fenders with overspray.

    I suggest anyone interested in this one invest in a thorough, in-person inspection. It could be a good buy, or it could be a poorly repaired mess.

    6
  4. geomechs geomechs Member

    I had a ’68 GT for about a year. It was a 390S, only with the automatic. A good fun car, went like Jack, the bear. Found out that spark plugs are easier to change on an FE in a Mustang than a Torino. I heard that it was recommended to remove the valve covers to facilitate changing of the plugs in a Torino. I do remember changing the plugs in mine and finding (2) Champions, (1) Autolite 35, and (5) Autolite 45. When I was done, it had (8) 45s and ran considerably better. I kept that GT long enough to get all the bugs fixed, then I traded it for a new Ford pickup. The car got sold to a guy somewhere in the foothills. It was put in a garage and has hardly turned a wheel since. Had a lot of fun with that car and sometimes I miss it…

    7
  5. Bullitt baby

    Spray with Green paint allow no rear view mirror or side mirror then hunt down the bad charger 😧

    3
  6. Gaspumpchas

    CCFisher good eye. Correct also about a complete inspection, honest seller, but man sure is a crustacean. Check the cowl plenum also. its already up to 16 large! The first pics really get the juices flowing, then you see the ironworms. High up on the floor and everywhere. Guess the GT’s are the hot ticket now. Friend had a Bullitt Clone, and it was scary fast, would break loose in a corner. Rubber in 3 gears. So much for sensible mature driving- road testing was a hoot and gave a few white knuckle rides also. Anyhoo- good luck to the new owner. Got work and $$ but as Timm said-bigblock 4 speed, doesn’t get any better than that.
    Cheers
    GPC

    3
  7. Spuds 🥔

    Looks like a runner and a beater to me

    1
    • Ray

      Add another 50k for parts and it’s a decent car.

      3
  8. Kuzspike

    It looks to me from the pictures like someone tried to color out the 67 vents with a sharpie to make it look like a 68. If you are going to the trouble of replacing the quarters, why not do it right?

    3
  9. Mark H

    Makes me wonder why I didn’t try harder to come up with $1800 for a ’68 428 fastback 4 spd. car in about 1985. Nothing like hindsight. Of course, it was baby blue so I wasn’t REAL interested. Black buckets still. Big ol’ boot marks on my butt to this day…….

    7
  10. Bernie H.

    This poor girl needs both front and rear frame rails, complete floor panels, the rusty ones he has aren’t even attached. The trunk and rear floor section are next. yup, the rear quarters were cheap “universal fit” for ’67/68 back in the 1980’s. You punched holes for the side scoop grills or the rear side marker light depending on the year. I’ve done more than one of these. Rough estimate is $14
    ,000 for everything body/paint/mechanical, and you do the labor yourself. Could be a real sweet ride if done correctly!!

    3
  11. Bernie H.

    This poor girl needs both front and rear frame rails, complete floor panels, the rusty ones he has aren’t even attached. The trunk and rear floor section are next. yup, the rear quarters were cheap “universal fit” for ’67/68 back in the 1980’s. You punched holes for the side scoop grills or the rear side marker light depending on the year. I’ve done more than one of these. Rough estimate is $14,000 for everything body/paint/mechanical, and you do the labor yourself. Could be a real sweet ride if done correctly!!

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