Ever since Nicholas Cage drove ‘Eleanor’, the modified 1967 Mustang fastback, in ‘Gone in 60 Seconds’ the market price of the 2+2 bodystyle has sky-rocketed. Several companies have even cropped up specializing in selling fully restored and modified Eleanor Mustangs. Over the years these companies have scoured eBay listings, classifieds, and approached owners directly to consume the available inventory of fastback Mustangs. As a result the supply has nearly dwindled and demand continue to rise.
Before Angelina Jolie was associated with the car one could usually find fastbacks in fair condition priced a couple thousand dollars above a coupe bodystyle in comparable condition. Nowadays the few fastbacks that make it to a public classifieds listing are in the range of $8000-$10,000 above coupe pricing. It is absolutely ridiculous and unfortunately there is no end in sight because deep-pocketed buyers are willing to pay these prices. After all, what is $10,000 when you may be spending another $60,000 on a full Eleanor-like restoration?
Many of us who ever had hopes of someday owning a classic Mustang fastback have since realized these dreams will remain just that. Just take a look at these two examples of recent fastbacks listed on craigslist.com
1967 Mustang GT Fastback “S” code 4-speed - $22500
Factory “S” code GT four-speed with a 390 V-8, disc brakes, and 9″ positraction rear end. Hit in the front in 1973 and parked since then. Still has the original GT exhaust system with factory tips and all of the smog equipment. Highlander green with the deluxe black interior. Overhead console, original paint, no rust, needs complete restoration. Minor front frame damage. Not running. Very rare and desireable car.
1965 Mustang fastback V-8 4-speed - $11000
This car is a GT 350 clone. It has a 289 V-8 with a 4-barrel carburetor and a factory 4-speed transmission. It is a “C” code car, so it’s not a real GT.
It hit a pole dead center in 1978 and has been parked inside a warehouse ever since. There is no apparent damage to the car from the cowel on back except for the steering wheel and the glove box where the driver and his passenger hit upon impact. There is however some frame damage in front of the shock towers.
Hey! Pete….did you take your meds? I guess “Carlos” was looking at the whole picture here and not just the “fastback” prices.
But everyone is entitled to their own crazy opinions…once and a while.
By B.B. January 6th, 2009 at 3:33 pmCarlos, don’t panick…we’re just on the down side right now..we’ll be on the up side a little later…be patient…its never always bad….And yes you might be crazy,,,what the heck does food, water, and bills have to do with fastbacks prices?…Stay focus..take your meds!
By Pete. September 17th, 2008 at 8:44 pmThe country’s economic status has alot to do with this because someone WHO wants a Classic Mustang specially a 2+2 fastback can no longer save up for one because they are more important things to buy like food, water, gas, bills, etc. There was a time (before 2000) were you could buy a 2+2 fastback in above average condition for about less than $10,000 U.S dollars. Fast forward to 2008 and beyond and you find two very important things have changed. 1) Price of gas has gone up 2) The value of the U.S dollars has gone down.
Call me crazy but THAT! my friend effects EVERYTHING!!!
By Carlos. August 7th, 2008 at 6:31 pmCouldn’t agree more! It was a MOVIE for Pete’s sake. I can’t believe what these idiots are paying for a character from a piece of Hollywood fiction. I’m talking about the clones. Unfortunately, there are enough idiots out there willing to spend big bucks on these cartoons that it’s driving the prices up. I think the bubble will burst soon and you’ll be able to pick up a clone cheap. Then you’ll have to convert it back to a Mustang.
By Mike. July 29th, 2008 at 5:35 amIt doesn’t matter about the country’s economic status…I’ve noticed that fastback prices continue to rise..is it true?.. or is it just me noticing that?
By joe. July 14th, 2008 at 9:18 pmHi,
By Matt Mercer. June 15th, 2008 at 12:34 pmI am aquiring a VERY rusty basketcase 1965 Mustang fastback this week. It is a 289 car, and has the 140mph speedo and factory mag wheels. Needs everything!!!! I don’t have the dough to restore it, so I am going to sell it….Any thoughts on the value? Car is in Boston, and will be available this week. Also have a 1965 convertible 289 in similar VERY rough condition that will be available……Titles for both cars are apparently long gone….
hey every one, some time ago some one spoke if a cheep way of building a 67 fastback by buying a kit car and building one can someone please tell me who or how can i get one in my workshop or if someone in australia (dont care where) can hook me up with a rolling shell in any cindition
By adam. May 20th, 2008 at 5:18 amplease call me :0448426443
i need all the help i can get!
thanks
I have a 69 fastback thinking of selling. 351 boss paint job yellow and black. 351c w/ auto trans. needs rebuilt 9in rear. not an inch of rust. all glass is there. interior is all gone. fram rails and floor boards have no rust. car has been sitting for 7 years. looking for $7-9k. located in central cal. contact me at 209-559-1523
By Casey. February 6th, 2008 at 7:12 pmIknow where a 65 fastback 289 4 speed is lady is trying too sale too pay for sons funeral trying to locate 4 speed for car rest of car is complete and need of restoration but nice solid car if anyonelooking f\or one too restore please email me and we will talk she need about $ 7,000 for if not interested pls dont email me ihave gotten about 30 pices i can email you thanks serious inquires only
By shawntrantham@sbcglobal.net. February 3rd, 2008 at 7:43 amoops/
By herb. January 5th, 2008 at 9:37 pmuscmlsc@aol.com
i guess i forgot to place my email address/regarding seeling of my 67 fastback
By herb. January 5th, 2008 at 9:36 pmstop crying and step up to a RARE version. yes , low performance , and plain jane projects are overpriced. the value is in the special models. step up and pay - in the long run - you will not be sorry. and get a mostly complete original component car to start.
a dollar is worth almost nothing
By old lug nut. December 31st, 2007 at 8:20 amNo way!!! For 15,500.00 I can by a body from Dynacorn and not have to fix any rust.
By Donnie. December 28th, 2007 at 6:08 pmLOOKING FOR 69 PARTS PLEASE EMAIL ME WITH LISTS, davidstowingllc@aol.com
I agree with alot of you folks, my dad paid 3200 +/- for a 68 charger rt off the show room floor w/ extra padding in dash and seats for showroom special, had a 440 6 pack r/t package now you cant find a rotted out shell for under 65K.
But as far as my 69 fastback I just purchased, it is gutted and just a rolling chassis, I am having to put alot of sheet metal in the car and a complete interior and trim package.
Being just a rolling chassisI have put the following into car so far, mind you that these are for used items that I am reconditioning or getting usede or new items from NPD right down the road from me.
Lower dash non-a/c $65 for first, $95 for 2nd one, total misc parts for dash and recondition $600, this dont include clock or guages oor top dash pad this is just for the steel panel assy
Heater box non-a/c $65, total misc parts to complete project $225
This is going to be a costly project but as my son has said to a few weeks ago when we got the car home, You guys were lucky, you had all the cool cars (my sons 14) we dont have nothing cool to drive, These cars were being made when I was born so i missed out to but i rember alot from when i was a kid so i guess with my sons help i will get the car done in a 5yr projectbut i have one last word to say
LET ME FIND THE IDIOT WHO JACKED THE LIVIN CRAK OUT OF THE PRICES BECAUSE I HAVE A TON OF SCRAP METAL THAT HES GONA EAT!!!!!!!
theirs no reason for these prices, the aveerage person cant afford his dream as one other person said, I just hope that i dont have a mint into my resto-rod project, but im sure i will
By dave. December 14th, 2007 at 8:13 pmI am desperately searching for a 69 fastback mustang for my much loved boyfriend, its his lifes dream to own one and im willing to look at anything, in any condition. please phone 0404549078 if you have one for sale!!!!!!!!!
By nicole. October 18th, 2007 at 2:12 amthis is for a fellow listed above as michael. in, ohio. this may be your lucky day… yet to be determined. i have recently struck gold. i found a 67 gt fastback with the original 390 v8 still in it. the car has been sitting awhile, and my understanding is that it came to rest in early 70s due to freeze plugs blowing out. engine not locked up. i turned fan bolt myself. anyhow. car has all gt equipment, both interior and exterior trim pckgs. i recently got marti report back confirming cars authenticity. anyhow, car needs pans, lower quarters, probablyfront end (unibody rails) rewelded due to floor pans rusting away. anyhow car only missing air breather and fan. looks like someone was going to pull engine and never did. this car is the real deal. a true s code gt 390 from 67. has tach, tilt, trim, gt fold down gas cap, all chrome etc.. needs resto, but is super rare find due to its never been torn apart. has all glass and the numbers are good. 4 speed manual,.. anyhow.. im not going to give it away, but i am not looking to get rich.. would like to find a buyer who will pay decent price, but i guarantee you will never find this car like this one, with the original big block for less. you can email at timsuewilson@yahoo.com
By tim. August 6th, 2007 at 9:06 pmhey all, i have a a-coded 67 fastback, that im mulling about selling. generally the prices afore mentioned are correct, on these type cars, and they will cont to climb at a fast pace, if interested e-mail me, can send pic and documentation
By herb. August 1st, 2007 at 5:31 pmim looking for a 1966 0r 1967 fastback mustang…just the frame or body..please let me know…..
By ashley. July 31st, 2007 at 8:55 am65 MUSTANG FASTBACK ROLLING SHELL FOR SALE..LIKE NEW..$16k…INQUIRE AT CLASSICMUSTANG@VERIZON.NET
By JOE. June 24th, 2007 at 8:10 pmHe is absolutely right on this article about the outrageously priced 67-68 fastbacks. What they need to do is build a kit car. Not like the dynacorn one that is just a damn shell. build the whole car and everything. keep it within reason 15-20K. Let the originals be garage meat!
Cause paying 22k for a rusted out POS is crazy. I don’t care if it was 1 of 1 built. ITS JUST A CAR!!! All it gets you is from A to B period!!
then after they pay all that money a majority of them will let it sit in a garage and collect dust.
By Brent. May 28th, 2007 at 7:43 pmSome people here seem to just want the car for the “financial reasons.” (value, etc.) It sucks, but if you want a decent fastback, you’re going to have to pay for one. You pay what it is worth to you. If having the car is worth the $12k you may have to shell out for a project, that is what you have to do. I just found a nicely preserved original gold 66 fastback (4-speed w/ rally pac) for around $14k. Great shape and runs nice. I could easily resell it for around $18k if I wanted to. But, I’m not buying it to make money, I’ve just always wanted a fastback, so that is how much I was willing to pay for one. Some sellers out there think they have gold b/c they have a fastback… you just have to move on and look for others. ‘68 390’s will be hard to come by b/c of McQueen… you just have to adjust. If you love the coupes, go after the coupes. They are all mustangs… mine WILL NOT just sit in a garage. These cars are made to be driven and it will be driven. I will not allow some company to snatch it up, hot-rod it, or put it in a museum.
By Korey. May 21st, 2007 at 10:15 amHow about this !!!
By Emmanuel A.. May 12th, 2007 at 9:31 amI just bought a 1967 Mustang Fastback from original owner 95000 original miles .It’s a California car from Sacramento.I paid $9500 i looked at it for 2 Hrs before i bought it.Floor plans,trunk,engine bay,interior except for the upholstery and carpet,doors,windows all are in great shape.The best part it’s a 3 speed manual with a 289 2 Barrel.I can’t believe it also has records,dealership notebook with maintenance cards it’s like going back in time 40 yrs ago !!!!The only down side is the previous owner had it sit out uncovered for about 7-9 years and the roof has surface rust.Forgot to mention it has original paint and never been repainted or partial painted.Going back to surface rust i grabbed some sandpaper and sanded down the rust a little and i couldn’t believe it i had no problem getting rid of that and i got to the metal right away.I will be taking this car apart and media blast it, primer it then throw a $3000-4000 paint job.I’ll put new interior,new power brake system,new power steering,new a/c system,new exhaust system,new wiring,new weather strips.I’ll rebuil the engine,tranny and rear end.I’m going to put a eleanor kit on plus 17″ wheels.By the time i’ll be done i am going to have about $22000-25000 into it.I was going to buy one finished but i think i’m better off doing one on my own that way i know what’s into it.Here is my e-mail for all the Mustang Fans outhere Porsche4emy@sbcglobal.net maybe there is some suggestions or opinions let me know.
Thanks for reading my ad,Emmanuel A.
To Andy - If you want to sell your Mach I, I will buy it. Or if you can get such good deals, start buying them up and selling them. Its hard for me to believe you are getting such good deals, but if you are, here is my email address DRoss80311@aol.com. I will gladly pay you to go find me a nice driver for a reasonable price!
By Dean. April 5th, 2007 at 12:35 pmHere is my thinking: We know that fastback prices are at least 100-200% more than coupes…If fastback prices keep going up, so would the coupes, (i.e…just look at ebay listings and see) because of their similarity and etc… Also, I’m concerned with the future of fastbacks due to the new fastback shells from Dynacorn that would be available soon….who knows what direction they would take this hobby!
By Terry. February 25th, 2007 at 10:26 pmI’m looking for a 67 or 68 fastback shell any code…I have the rest of parts here in CA. www.classicmustang@ verizon.net
By Joe. February 22nd, 2007 at 8:11 pmThe truth is these fastbacks for lower prices are out there. You will most likely not find them on the internet though. You should look around in magazine listings of cars, in 1 I found a 68 fastback that as far as I know is still for sale for 14 k on automart.com in Kansas City that is a complete car w/ a really good paint job and runs well. I personally am looking for a ‘65 or ‘66 fastback. I found 1 on mustangforums.com for 8k but I did not want to pay shipping and I would rather buy it from a dealer. That way I am somewhat protected.
By daniel hartley. February 18th, 2007 at 12:01 amNina or Kelly,
I might be interested in your cars. My email address is willingboro_steve@yahoo.com
Steve
By Steven. February 6th, 2007 at 4:41 pmThis may seem funny to some, but i am loking for a 67 fastback around northeast ohio pref. a resto project, condition not too important, with/out motor. ill check back later for replies and might get into contact with any leads. Thanks.
By Michael. January 23rd, 2007 at 12:30 pmNina, I am very interested in your ‘67 Fastback GT. I would like to see some pictures and a price. You can get a hold of me at aundrea_15@hotmail.com. Thanks!
By Aundrea. January 20th, 2007 at 2:20 pmI am looking for a 69 Shelby GT Fastback, i am willing to pay 45,000 for it but i will go no higher than 50,000 for it. If possible i would like it midnight black outside and lime green interior or bright orange.
By celeana. January 16th, 2007 at 7:33 amEmail ffr1888@aol.com also have factory 5 cobra but my 68 s-code i might sell
By kelly. January 6th, 2007 at 6:03 pmI have a 68 s-code 390 gt fastback 4 speed thinking about selling! ground up restor
By kelly. January 6th, 2007 at 6:01 pmhey heres a site that has plenty of projects and parts at a reasonable and affordable price check out
By marty mcdonald. January 5th, 2007 at 6:34 pmmarty@martysmustangmadness.com or go to www.martysmustangmadness.com
I have a ‘67 Fastback GT 390 with delux interior package and many many factory options. Restored in 2005/2006 - It’s for sale and I’m asking for “the otrageous 30K range” We invested nearly the same “outrageous $$’s” restoring it, it’s not just the cars that have skyrocketed - the parts prices are insane too. If you restore one you almost have to ask for the “big bucks” to recover your investment.
By Nina. January 1st, 2007 at 2:33 pmi have a nice 69 project car
By mike. December 10th, 2006 at 1:05 pmI have a 69 fastback for sale solid car.
By mike. December 10th, 2006 at 1:04 pmWow ! I had a 64 289 4spd and a 67 390 Fastback with a 68 428 dual 4 barrel Shelby Cobra engine. traded both , in the 70’s and the other in the early 80’s. don’t even have any pics.. So sad..
By VictourB. December 5th, 2006 at 6:50 amAnd tokyo drift ??
He is also driving in a 67 Fastback….
By Nicklas Olesen. November 25th, 2006 at 4:49 pmAnyone know of a 1970/1971 Ranchero 429 4-wpeed car for sale? thepieces@aol.com
By Dan. November 22nd, 2006 at 9:39 pmwhat is a mustang gta S code geniune gt worth in australian dollars anyone know?
By peter. November 7th, 2006 at 10:19 pmI wish I had one
By jc. October 23rd, 2006 at 4:43 pmIf you want good deals, you just have to get out and look for them. Don’t look on ebay or craigslist. Good cars are still out there. I bought a 69 Mach with a 351W 4 speed completely solid, TX car, driver quality for $3500 this summer. A few years ago I also bought a 66 Fastback driver for $2700. Used it as is, drove it everywhere. Got a lead on a 68 J code Fastback GT. Looked it over, nice solid car, trying to negotiate on it now. And this is in the NorthEast where these cars are scarce. I can’t imagine what I’d find if I lived where there wasn’t a real winter. I also have a 68 Cougar, 63 Falcon v-8 4 speed, 63 Falcon Conv. v-8, and a couple of Fairlanes. I don’t make alot of money, I just get out and look for the screaming deals, you can too.
By Andy. October 23rd, 2006 at 4:25 pmI’m sure glad i got my 68 fastback for $4200 cdn dollars 10 years ago, my last apprasial was well over $30000 and still rising. I would love to sell it and build another car but i know if i ever wanted one again i wouldn’t be able to afford it. The market is good if you owned a fastback before it took off.
By outrgus. October 18th, 2006 at 6:39 pmI bought a rough but fairly solid ‘70 sportsroof Mach 1 clone with a rebuilt mild 351W and trashed C-4 and two open diff 9″ rears from a mechanic friend of mine for 3K two years ago. I am now restoring this great car to what I want it to be and have no intentions of selling it. I’ve rebuilt the C-4 and am now dropping new axles and a new strange 389 geared center section into the now sandblasted and painted rear housing. t’s a labor of love and bit by bit I’ll get her to where I want her!!
By Todd in Md. October 18th, 2006 at 4:02 pmAnybody know where I can a 3300 rpm torque converter in Md??
I too wanted a 69 / 70 fast back but the prices are way out of reach. I bought a 70 3512v Torino GT instead complete 1 owner car. I retored that sold it and now have 4 lol
70 429 N code 4spd - project
By FORD-GUY. October 11th, 2006 at 11:07 am70 429 J code ranchero - running project
71 351 4v M code cobra - rebuilt engine , trans and rear - needs paint! - Runs well
71 351 4v Torino convertable GT engine / trans and rear were rebuilt - in the paint & body shop
So what’s new? The retiring & fairly wealthy “baby boomers” have the chump change to burn….. Let ‘em burn it…..
By anthony dalrymple. October 9th, 2006 at 8:01 pmHi, I’m in Australia where any mustang is worth mega bucks and always has been cos they’re imported - we love our local Falcons here - mine’s an XB (1973) coupe - same as Mad Max (road warrior) ‘ s black car. Mine was cheapish when I got it but even these are getting crazy prices now - even more so in the US where there have been a steady growth in interest (see latest carcraft.com - they have a feature on one that has been imported)
By John T. October 8th, 2006 at 10:36 pmI feel your pain. Plain jane fastbacks are pretty pricey. But then again, for the amount of money you’d pay for a basket case fastback, you could get an alternative Ford…they did make more than the Mustang (don’t kill me for saying that). Whenever I go to local car shows its ALWAYS the same: Mustangs, Camaros, Chevelles, Novas, and Chargers. Where are all the Torinos, Fairlane GTAs, Galaxies, etc. I’ve dreamt of having a late 60s fastback Mustang too…will I ever own one? Who cares. For that amount of money I could find plenty of sweet Fords that I’d be happy sitting behind the wheel of. Like someone else said reproduction bodies will probably be available sometime soon anyway.
By Last427. October 7th, 2006 at 2:09 pmMy first Mustang was a 67 S code GTA Fastback bought in 68. Awesome car!! But these prices are totally insane,just because of this need to have a movie car. I bought a 2006 Stang and it is light years better than my 67! And I also restored my Gran Torino Sport for less than I could have done an Eleanor “Clone” To each his own I guess!
By Gary. October 7th, 2006 at 6:18 amMessage for Mike: Cobras are very cool but they are seen by many as kit cars.
Message for Jeff: Your wife was right….good choice..she knows what you guys have. How often does a wife says not to sell your old car.
Message for Brandon: approx. 12 years ago my buddy got a car loan and bought a decent convertible 67 Corvette for approx. 11K… a year later he thougt he paid too much but decided to keep the car anyway… Now look at him!!
By Joe. October 4th, 2006 at 1:25 pmI also wanted a 67-70 fastback but I am seeing the same prices as you all are. I wish that I could find one in decent condition that could be a resto mod. I would feel guilty swapping in go fast parts for the numbers matching type. I saw in my local paper a 69 fastback rolling body with a 73 Mach 1 for $2995 given the Mach was in bad shape and the seller’s only comments about it was that it had a good 351C 4bbl and trans. I hope to have one by 2011 but the chances are getting slimmer everyday, alas I am only 22 and have dreams that are deeper than my pockets.
By Brandon. October 4th, 2006 at 9:15 amI have had my 67 Fastback (Aluminum head 351w, Flaming River Rack & Pinion, 9 inch, C-6) for about 10 years. My brother had it for 10 years before that. I have come close to selling it a couple of time, the most recent was in the parking lot of Lowes. Some guy offered me 18K on the spot.
By Jeff. October 4th, 2006 at 9:07 amI almost accepted it but my wife talked me out of it.
I’m happy with my ‘68 convertible and my still a bargan deal Rancheros!
By trikar. October 4th, 2006 at 3:20 amI am happy with my ‘68 convertible and my still a bargan deal Rancheros!
By trikar. October 4th, 2006 at 3:17 amI still don’t understand why cobra replica’s have not gone up in price. Compared to a fastback, a well built and equivalently priced cobra will outperform the mustang in all areas, hands down.
Replica Cobra’s are beautiful cars, hold their value, and get as much if not more attention than a fastback. And lets not forget that the fastback was never a sports car as it was glorified as in Hollywood.
I’d much rather spend my money on a Cobra. And when Shelby dies, expect the prices of mustangs to go even higher as every other idiot will be buying up whatever mustang hecan find to make some shelby recreation. In the end most are just great looking turds
By mike. October 4th, 2006 at 12:28 amIt’s pretty simple:
Whenever a manufacturer re-ignites interest in an older brand, the tide rises all the boats. And people who pay big bucks for cars don’t like to have to explain them … they simply want people to know and gawk.
Both of these trends are converging on Mustang. The new car is a pure tribute to the old (”… the sincerest form of flattery”) and the repro market is letting a snake out of the cage that is turning on the demand for Fastbacks like we have not seen in our lifetime.
When GTO was re-introduced, Pontiac’s marketing fairly begged re-apprasial of the original car, which fairly sweated charisma (unlike the fast-but-featureless successor) … and almost overnight good quality 64-70s with the papers and most of their original parts doubled in value.
When the two rednecks started the “That thing got a Hemi in it?” campaign, Dodge took an arcane bit of muscle car trivia known as the Hemi and made it a centerpiece of their nine-figure advertising budget. Their work make the Hemi an idol outside the auto shop class, and made it okay for the super rich guys to buy and collect.
When Chevrolet announced the new Camaro, suddenly the name was re-appraised and having the approbation of the drooling public, the ‘69 was annointed as the second coming of the automobile, even though by any objective measure, the second generation car was a superior automobile.
Now we have Mustang, and Steve McQueen in a corn field, mixing metaphor as rapidly as it can burn the tires. Now the Mustang is once again an “it” car, and those seeking the ultimate in collectability are appropriating the Fastback’s iconic status for their own use.
I think people looking at these junkers would do well to think before they buy; I have to believe somebody will do for the Mustang what Dyacorn did for the Camaro and release a repop body that will let some of the steam out of the Fastback market — and put them back in the realm of parts cars where they would have been 20 years ago.
By MarauderMan. October 3rd, 2006 at 8:44 amI don’t think that $22,500 for a 67 fasback like the one mentioned in this article is a lot of money. I think that in 5-10 years or even in less time, the fastbacks would double their current price and would become untouchable for many of us. You would then wish that you had bought one now. Also, hang on to your nice coupes because all it takes is one great movie to raise their current prices, you’ll see!!!
By Joe. October 3rd, 2006 at 6:06 amI’ll take the 69 and up fastbacks. Just wonder when some craze will start for those and I will have everyone and their grandma trying to steal mine out of the garage for 300 bucks so they can flip it for an outrageous 30k.
By 19mach69. October 3rd, 2006 at 2:06 amDifferent strokes for different folks- that’s what I say.
By Larry. October 2nd, 2006 at 7:40 pmI’ve always been a coupe fan, ever since ‘68 when my
Dad brought home the same Mustang that’s out in my
garage today. A coupe won the SCCA championship
at Riverside in 1966 and the original development for
the Boss 302 was done with a ‘68 coupe mule.
Couldn’t care less about the run-up in fastback prices…..