Solid S-Code Project: 1967 Ford Mustang Fastback

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1967 saw a growth spurt in Ford’s legendary pony car, as not only did the exterior grow in size, but so did the engine options, with this year being the first time a big block V8 could be had in the Mustang.  While smaller engines were still available, many buyers opted to equip their Mustangs with something larger under the hood, such as this 1967 Ford Mustang Fastback here on eBay.  This one came from Dearborn with a 390-4V, known as the S-Code, which made over 300 HP in bone-stock form.  It’s going to take some effort before this car is ready to be back on the road, but overall, this seems like a worthwhile project.  The pony is in Chatsworth, California, with a current high bid of $35,200.

Scrolling through the sequence in which the seller posts his photos, the first thing we see that indicates something’s awry with the engine is an underneath shot, which shows a board sitting on top of the engine mounts.  However, we learn from the next picture that the wooden plank is serving as a makeshift pallet, as many of the engine parts are sitting in the bay on top of it.  Finally, we get to view a pushcart that’s holding additional drivetrain items, with the owner assuring us it’s all there and just needs rebuilding.

Some other information provided by the seller is that the Mustang is still in the same condition as when he found it in a garage, where it is reported to have sat for over 20 years.  A huge positive here is that this one’s been in California its entire life, and while the sheet metal does need smoothing out in a few sections, there’s said to be no rust present in any of the panels.  The solid nature continues down below, where the rails and floors also appear to get a strong bill of health, although it’s past time to replace that aging exhaust system.

The interior is described as remaining in great condition, and though that might be slightly optimistic with tears in both front buckets, I’d certainly agree that it’s way above average and in very good shape to be original.  There’s a considerable amount of mechanical work to be tackled here, but fortunately, with the body and undercarriage being so structurally sound, it probably won’t require extensive effort in these areas.  Is this 1967 Ford Mustang one you’d consider taking on as a project?

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Comments

  1. Stan StanMember

    Open diff, 3.00 gear. C6 Autoloader, SelectAire. Intention was a swift and comfortable 😌 cruiser it appears Stephens.

    Like 7
  2. pdc427

    The parts on the cart include a 4 spd toploader and bellhousing for, I assume, a manual transmission conversion, which is what I would do if I had this car.
    Great car. Lots of possibilities.

    Like 6
  3. Cooter CooterMember

    When I started to “respond without checking” something told me to check. So I did and found these are starting at $80K restored and go higher based on originality, one bone stock one was $159K! So if you have all the original drivetrain parts and you can get this thing put back together and make it work, it’s well worth the asking price. I would be surprised if it makes it through the day.

    Like 2
  4. Mark

    A lot of money but I do see it is rust free and the interior is clean. It also has A/C and comes with a manual tans

    Like 4
  5. Bob_in_TN Bob_in_TNMember

    A sweet spot for early Mustangs. Looks like a very good starting point for a high-value restoration.

    Like 3
  6. Greg G

    I’d try to negotiate on the ask for this one but it’ will be one hell of a project.

    Like 3
  7. Steve R

    It will be interesting to see how high bidding gets at the end, it checks a lot of boxes, 390, GT, factory AC, white over red and most of all rust free.

    A 4spd conversion would be nice, but restorers might feel the money is will follow a stick restoration.

    With 4+ days left and bidding already past $35,000 with no reserve, the seller would be wise to let the auction run.

    Steve R

    Like 3
    • Matt

      Weren’t all 66-68’s GT’s?

      Like 0
    • Steve R

      Sold on 6/23/2025 for $39,000, there were 70 bids.

      Steve R

      Like 0
  8. Steve Wyman

    An interesting mustang with the most entertaining engine bay picture I have seen in a long time. Good luck to all :)

    Like 2
  9. stillrunners stillrunnersMember

    Wonder if Gilpan Auto Group knows one of their HiPo offerings is out there ? They have a large collection of cool cars !

    Like 1
    • pdc427

      You meant Galpin, right? They are a historical Ford dealer here in SoCal.

      Like 1
      • stillrunners stillrunnersMember

        Yep…..I was Uncertain

        Like 0
  10. ken

    a GTA in good color combo in California. bet it look killer new. seller states it was never taken apart. if that is the case why does the engine bay look the way it does? this at stupid money as of today with a few days to go needing what it does. can’t see the #s adding up.

    Like 1
  11. AL HEARTBREAKER

    We’re all trying to get as much as possible. Good luck seller! Invest what you paid for it and you will have a ride worth more than that, hopefully.

    Like 0
  12. Francisco Antonio Gozalo Granadillo

    Just a little bit out of touch just for a shell ! Respectfully is not realistic!. Beside the whole reapairing part will cost more that the value of the car!

    Like 1
  13. Danno

    Used to think the ’69s were the nicest looking Stangs, but the ’67s have grown on me over the years; a big block and a manwell transmission would suit me just fine.
    Revology does a really nice late-60s Mustang. If I had unlimited wealth, I’d get them to do up a ’67 for me.

    Like 0
  14. Matt

    I bought a 67 fastback when I was 16 for 5,600.00. Had a maverick 302 in it and I promptly blew the engine. Pulled it out, bored it 10 over, cammed it with a fireball .75 and bought new pistons. All that was left then worked on the heads, bored them out taking pounds off them (and getting shrapnel in my left eye when a bit exploded) and then took them in to get the flow right… top with an edge edlebrock 600 4 barrel and made the secondaries open a bit late, that thing was a fun car. Sold it to try and save my house 28 years later for 19k.
    Still lost the house and my first love.

    Like 0

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