1994 Ford Mustang

1994 Ford Mustang SVT Cobra Convertible Indy pace car edition. 707 actual miles

This1994 Ford Mustang Indianapolis 500 Cobra Pace is finished in Rio Red and featured a Saddle convertible top with a heated glass rear window. Exterior details include Cobra fender badges, a rear spoiler with an integrated taillamp, dual exhaust outlets, and a Cobra-specific front bumper cover with circular fog lamps. It features Polished 17″ five-spoke Cobra wheels feature black-painted pockets and are mounted with 255/45 Kumho Ecsta ASX tires. Stopping power is provided by four-wheel anti-lock disc brakes with Cobra-branded front calipers. The cabin features power-adjustable front sport seats upholstered in Saddle Indy leather with Indy-500 winged tire logos embroidered in the backrests. Amenities include air conditioning, cruise control, a Mach 460 audio system with a CD player, Cobra-embroidered floor mats, and power windows, mirrors, and door locks. The leather-wrapped steering wheel frames white instrumentation consisting of a 160-mph speedometer, a tachometer with a 5,800-rpm redline, and auxiliary gauges. The six-digit mechanical odometer shows 707 miles. The 5.0-liter V8 features electronic fuel injection and was factory rated at 240 horsepower and 285 lb-ft of torque. It was recently serviced which included an oil change, a coolant flush, and replacement of the air filter. Power is sent to the rear wheels through a five-speed manual transmission and a solid rear axle with a Traction-Lok differential. The window sticker shows initial delivery to Warren Wooten Ford of Cocoa, Florida, as well as factory colors, equipment, and a total price of $26,845.

1994 was the first year for the fourth-generation Ford Mustang. These "SN-95" cars were based on an upgraded version of the Fox Body platform from the previous generation. The 5.0 V8 engine was also kept but was upgraded for the Cobra by using unique intake manifolds, cams, fuel injectors, and heads. These changes upped power from 215 to 240 horsepower.

All these changes helped sales, with Ford selling over 123,000 Mustangs in 1994. It won Motor Trend's Car of the Year honors and was picked to pace the 78th Indianapolis 500. 1,000 Cobra Convertibles were produced to celebrate the honor, all of them built with a Rio Red exterior with Saddle Brown leather interior. This was the third time the Ford Mustang had paced the Indy 500, once with the original Mustang in 1964 and the first year for the Fox Body in 1979.

Key details
Exterior: Rio Red
Interior: Saddle
Transmission: 5-speed manual
VIN / chassis: 1FALP45D1RF158424

Offered by Paramount Classic Cars & Trucks, 3030 Falling Creek Rd, Hickory, NC 28601. Taxes, title and fees not included.

Photos courtesy of Paramount Classic Cars.