Ford Mustang 4th Gen Market Index1994-2004

About the Ford Mustang 4th Gen

Produced from 1994 to 2004, the fourth-generation Ford Mustang (SN95) ushered the nameplate into the modern era with updated styling, improved safety, and a more refined chassis while retaining its front-engine, rear-wheel-drive muscle car formula. Offered in coupe and convertible body styles, the range spanned V6 models through to V8-powered GT variants, with performance highlights including the SVT Cobra and the ultra-rare Cobra R, which delivered serious track-focused capability. A major facelift in 1999 (the “New Edge” update) sharpened the design and coincided with powertrain improvements, including the move to the 4.6-litre Modular V8 across GT and SVT models. Total production exceeded approximately 1.6 million units across the decade. In the Australian market, fourth-gen Mustangs were never officially sold new and exist as imports, with strongest demand for manual V8s, SVT Cobras, New Edge cars, and low-kilometre originals, as buyers increasingly recognise the SN95 as a value-rich entry into modern Mustang collectability.