1994 Ford Mustang

Indianapolis Pace Car Cobra Convertible
Mecum Tulsa 2022
Thursday, 9 June - Saturday, 11 June
Sale Price
11 June 2022
Sold Date
Lot Number
Mecum Auctions
Auction House
Chassis number 1FALP45D9RF158154. Rio Red with a black top over Saddle leather. 302/240hp, 5-speed manual transmission, Kenwood radio, original books and window sticker.

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. 

by Andrew Newton
16 June 2022


  • Raymond H Helwig says:

    I was looking over the comments on the pase car. Just so happens I have one myself which is original with less than 4,000 miles on it. It also has the original tires and no modifications like a radio.

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Condition definitions
Condition #1: Concours
Condition #1 vehicles are the best in the world. The visual image is of the best vehicle, in the right colors, driving onto the lawn at the finest concours. Perfectly clean, the vehicle has been groomed down to the tire treads. Painted and chromed surfaces are mirror-like. Dust and dirt are banned, and materials used are correct and superbly fitted. The one word description for #1 vehicles is “concours.“
Condition #2: Excellent
#2 vehicles could win a local or regional show. They can be former #1 vehicles that have been driven or have aged. Seasoned observers will have to look closely for flaws, but will be able to find some not seen by the general public. The paint, chrome, glass and finishes will all appear as excellent. No excessive smoke will be seen on startup, no unusual noises will emanate from the engine. The vehicle will drive as a new vehicle of its era would. The one word description for #2 vehicles is “excellent.“
Condition #3: Good
#3 vehicles could possess some, but not all of the issues of a #4 vehicle, but they will be balanced by other factors such as a fresh paint job or a new, correct interior where applicable. #3 vehicles drive and run well, but might have some incorrect parts. These vehicles are not used for daily transportation but are ready for a long tour without excuses, and the casual passerby will not find any visual flaws. “Good” is the one word description of a #3 vehicle.
Condition #4: Fair
#4 vehicles are daily drivers, with flaws visible to the naked eye. The chrome might have pitting or scratches, the windshield might be chipped. Paintwork is imperfect, and perhaps the body has a minor dent. Split seams or a cracked dash, where applicable, might be present. No major parts are missing, but the wheels could differ from the originals, or other non- stock additions might be present. A #4 vehicle can also be a deteriorated restoration. “Fair” is the one word that describes a #4 vehicle.
Condition #5: Poor
Running, but battered, incomplete, and perhaps rusty.
Condition #6: Parts car
Parts car.
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