1987 Ford Mustang 5.0 LX

3dr Hatchback

8-cyl. 5.0L 302cid/225hp EFI HO

#1 Concours condition#1 Concours
#2 Excellent condition#2 Excellent
#3 Good condition#3 Good

$16,500 CAD*

+19.6%
#4 Fair condition#4 Fair
Value GraphOct 2024
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Model overview

Model description

1987 marked a major design update for the Fox body Mustang, and came into the look that it is most known for today. Design elements like the clean nose panel and headlights that are flush to the corners had all started with the discontinued Mustang SVO.

Other design updated for the ’87 Mustang included the revised ground effects, with a large and low air intake, large fog lights, and vents ahead of each wheel. Out back, the rear spoiler had a cleaner look. Many of these changes were to improve the aerodynamics of the Mustang, and as a result the drag coefficient was improved.

While the louvered taillights were a total product of the times, the move from louvered quarter window bezels to clean black glass gave the Mustang a more modern look. The turbine-style wheels rounded out the visual package.

The 5.0-liter V-8 was updated with new heads, updated fuel injection computer, and a new exhaust system. The result was in an increase in output to 225 horsepower and 300 pound-feet of torque. The mid-range V-6 engine was dropped for 1987, as the four-cylinder received fuel injection, bringing output up to 90 horsepower and 122 pound-feet of torque.

The Ford Mustang also got a new interior design with more modern gauges and button clusters on either side of the instrument panel. This was also the last year a T-Top was offered in the fastback, making a T-Top from this year (with the new looks and updated V-8) a rather collectible model.

Vehicle specifications

  • Wheel Base Shortest - Inches100.5
  • Wheel Base Longest - Inches100.5
  • Shipping Weight2782
  • Drive TypeRWD
  • Manufacturer NameFord
  • Front Tire Size14R195
  • Manufacturer MSRP8474
  • Market SegmentationMid Size Sport
  • Manufacturer CodeC134
  • Front Tire Size Code17

Equipment

  • StandardOptional
  • Transmission5 Speed Manual
  • Power BreaksPower Brakes
  • Power SteeringYes
  • EntertainmentAM/FMAM/FM CASS
  • Air ConditioningYes
  • Power WindowsYes
  • Tilt Steering WheelYes
  • Roof DescriptionManual Sun/Moon Roof
  • Restraint typeActive (Manual) Belts
  • Security EquipmentNone

Equipment

Standard

  • Transmission5 Speed Manual
  • Power BreaksPower Brakes
  • Power SteeringYes
  • EntertainmentAM/FM
  • Restraint typeActive (Manual) Belts
  • Security EquipmentNone

Optional

  • EntertainmentAM/FM CASS
  • Air ConditioningYes
  • Power WindowsYes
  • Tilt Steering WheelYes
  • Roof DescriptionManual Sun/Moon Roof
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All prices shown here are representative of stock condition vehicles only and based on various data sources, as detailed in About Our Prices. Value adjustments for optional equipment are in U.S. dollars. More information on how forecast models are calculated can be found on Forecasted Values page. For additional information and a complete description of benefits, visit hagerty.CA/legal. Purchase of insurance not required for membership in HDC. Hagerty, Hagerty Valuation Tools & Hagerty Drivers Club are registered trademarks of the Hagerty Group LLC, ©2024 The Hagerty Group, LLC. All Rights Reserved.