1992 Ford Mustang
The 1992 Ford Mustang continued the LX and GT with the 225 hp 5.0 V8 and added the rare Vibrant Red Summer edition convertible.
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1992 Ford Mustang GT Convertible. Photo: Zytonits via Flickr, CC BY-SA 2.0.
Overview
The 1992 Ford Mustang was one of the final years of the Fox-body generation, and Ford made only small changes to the car. Following the 1991 Ford Mustang, it continued with the LX and GT trims in notchback coupe, hatchback and convertible form, powered by the 2.3-liter four or the 5.0-liter High Output V8.
The 5.0 V8 was still rated at about 225 horsepower and 300 lb-ft of torque, while the twin-plug 2.3-liter four made about 105 horsepower. The lightweight LX 5.0 notchback remained especially popular with enthusiasts and with police departments, which used the Special Service Package version of the car for highway patrol duty.
The special model of the year was the 1992-1/2 Summer edition. Ford built 2,193 LX 5.0 convertibles in Vibrant Red with white leather interiors, making them one of the rarer late Fox-body versions. Other cars were largely unchanged, with the 16-inch five-spoke wheels continuing on V8 models.
Sales continued to fall as the aging design neared the end of its run, with total production of 73,200 cars. Today the 1992 Mustang, including its police and Summer edition variants, is a collectible late Fox-body car. For more background, see the third-generation Mustang history, or compare it with the first Fox-body year, the 1979 Ford Mustang.
1992 Mustang timeline
- 1990Earlier development
- 1991Previous model year
- 1992Featured model year
- 1993Continued evolution
Engine options
| Engine | Type | Horsepower | Torque | Fuel / induction | Notes |
|---|---|---|---|---|---|
| 2.3L (140 cu in) Lima | Inline-4 | Approx. 105 hp | Fuel injection, twin-plug head | Base engine | |
| 5.0L (302 cu in) H.O. | V8 | Approx. 225 hp | Approx. 300 lb-ft | Sequential multiport fuel injection, mass air flow | GT and LX 5.0 engine |
Specifications at a glance
Production
- Notchback13,836 (18.9%)
- Hatchback36,818 (50.3%)
- Convertible22,546 (30.8%)
Dimensions
Original colors
Color research in progress.
Performance
Buyer’s guide highlights
- Inspect the floor pans, torque boxes, strut towers and rear frame rails for rust and accident damage.
- Verify a claimed Summer edition or police SSP car with documentation.
- Confirm a GT or LX 5.0 with the VIN engine code.
- Check former police cars carefully for hard use and missing equipment.
- Inspect convertible tops, seals and floors for leaks.
- Buy on condition and originality, since special versions carry a premium.
1. Start With Rust and Structure
Check the floor pans, torque boxes, strut towers and rear frame rails on any 1992 Ford Mustang, and look for accident repair.
2. Authenticate Special Versions
Summer edition convertibles and police Special Service Package cars are the most collectible 1992 models. Ask for paperwork, since both are often copied.
3. Check Former Police Cars
SSP cars often lived hard lives. Look for worn interiors, holes from removed equipment and signs of heavy use.
4. Inspect the Drivetrain
Test the five-speed manual, clutch and rear axle, and confirm the VIN engine code on 5.0 cars.
5. Buy the Best Example You Can
Original, well-documented cars bring the best prices and are the safest long-term buys.
Values
1992 Ford Mustang values are strongest for documented Summer edition convertibles, police SSP cars and original GT and LX 5.0 models.
Market references are research guides, not appraisals. Actual value depends on condition, originality, documentation, drivetrain, options, location and current buyer demand.
