Evaluation: One of 1000 SVT Cobra Pace Car Edition Mustang Convertibles built in 1994 and represented as a California/Arizona car since new. Showing 35,088 miles. A few minor chips and scratches on the nose. Lightly wrinkled leather. Otherwise clean and well kept, exceptionally so for an early SN95 Mustang, even an SVT.
Bottom Line: Only available as a convertible, the ’94 Cobra Indy Pace Car (as the name suggests) celebrated the Mustang doing the honor of pacing the 1994 Indy 500 in a high-profile debut for Ford’s next generation pony car. It would be the last time a Mustang paced the 500 and the second-to-last time a non-GM product did the honor. All ’94 Pace Car Cobras came with decals in the trunk (this car isn’t wearing them) and like the pace car edition of any automobile, these are fairly collectible. This one was $16,000 no-sale at Mecum Glendale earlier this year, but this result is far more appropriate to its condition, mileage, and rarity.