Call it an update on a classic standby. That was the story behind the new-for-1994 Mustang.
For the first time since the late ’70s, the Mustang finally had new sheet metal. It still resembled Ford’s iconic pony car, though, thanks to that long-hood, short-deck profile. Meanwhile, its modernized face jibed with the rest of Ford’s current lineup. So did the interior’s dual-cockpit setup.
Underneath, though, was a familiar story: front struts and a live rear axle secured by four control arms. The engines were also holdovers: the Essex V6 in the base car and Ford’s popular 5.0 V8 in the Mustang GT.
The Mustang may have been mostly new for 1994, but the upgrades and special-edition models quickly followed:
1994: Standard Mustang GT not enough to run with Camaros? The optional SVT Cobra added the GT-40 engine and bigger brakes.
1995: Ford revived the Cobra R, producing 250 copies, each powered by a 5.8-liter Windsor. Konis and a fuel cell came standard.
1996: Ford replaced the Mustang GT’s tried-and-true 5.0 with its then-new 4.6-liter Modular V8–still 215 horsepower but a bit smoother in operation. The Cobra received a DOHC Modular V8 rated at 305 horsepower.
1998: Mustang GT output increased to 225 horsepower.
1999: Ford applied its sharply creased New Edge styling to the Mustang while bumping GT output to 260 horsepower. The Cobra also received independent rear suspension and a claimed 320 horsepower–which dynos found to be optimistic, causing Ford to stop Cobra sales and issue a recall.
2000: Ford offered another track-tuned Cobra R, this one powered by a 385-horsepower, 5.4-liter Modular V8.
2001: Ford restarted standard Cobra production while also unveiling the Bullitt. Steve McQueen would have dug the Dark Highland Green paint, lowered stance and five-spoke wheels.
2003: More retro goodness: Ford brought back the Mach 1, complete with shaker hood scoop.
2004: This was the final year for the SN95-chassis Mustang. Ford offered a 40th Anniversary Edition of the SN95.
Practical Guidance
Our experts:
Jamie Bell & Scott Boda
Steeda Autosports
(800) 950-0774
Purchase the best car you can afford. Do not buy someone’s problem car. Have it checked out by a qualified tech that knows these cars. Ford made them in large numbers, so you need to be picky when looking to purchase. Very good cars are out there if you are willing to look. Expect to pay more for desirable cars: 2003-’04 Cobras, the 1995 Cobra R, and the 2001 Cobra R.
The V6 chassis may be the best base for a custom build or for a race car. They are modified less than their V8 brothers.
I think, for the SN95, the 4.6 and 5.0 are even, although the 5.0 can be modified less expensively. Now, if a 1999 New Edge is an option, then I would go ’99-up all day. They had the PI heads and made a good amount more power.
Clutch controls were weak, but all parts are still made. Heater core leaks are expensive to fix as the dash has to be removed. These cars are 20 years old now and will need to be repaired due to age.
Manual cars will need a good shifter and clutch control upgrades. Adjustable clutch cables get rid of problematic clutch pedal feel.
Like what you're reading? We rely on your financial support. For as little as $3, you can support Grassroots Motorsports by becoming a Patron today.
Become a Patron!
Comments
David S. Wallens said: 2003: ...This was the final year for the SN95-chassis Mustang.
2004 was the last year SN95. S197 started in '05
And I am a bit surprised the Terminator didn't get a mention. Top of the heap '03-04, Eaton blower, end of production, etc
In reply to gumby :
Amended.
Maybe it's because I was 10 years old in 1995, but I really obsessively love the SN95. I can't believe I haven't owned one yet. I'm thinking 1995 Cobra R clone, but painted in the most radical purple color you ever saw. Or a 2000 Cobra R clone, but painted in neon freakin' green.
...I need to go search Craigslist for a while...
As if I need another reminder of how old I am, my favorite magazine is now calling a car I bought brand new off the dealer lot a "classic". 
In reply to Tom_Spangler :
1994 was 25 years ago, and 25 years before 1994 was 1969. I can't imagine not considering any car from 1969 a classic only 25 years after the fact. It's crazy how time works when we've experienced it personally.
The 85 years of automobiles from before I was born are OLD. The 34 years of automobiles since I was born are NEW. That's just how it is. :P
There was also no '02 cobra, due to the intake manifold recall.
ddavidv
PowerDork
11/5/19 9:50 a.m.
SN95 and New Edge are pretty much recognized as separate models.
There is very little love for the early/original SN95; probably the most unloved Mustang since the Mustang II. Super cheap on the used market but some of the engine choices weren't very spectacular.
Jordan Rimpela said:
In reply to Tom_Spangler :
1994 was 25 years ago, and 25 years before 1994 was 1969. I can't imagine not considering any car from 1969 a classic only 25 years after the fact. It's crazy how time works when we've experienced it personally.
To be clear, I'm not saying you're wrong. I'm just expressing my dismay at my own advancing age! 
I liked this car only because there where two in my local SCCA autocrosses that were both quick monsters. They looked like fun. Never actually bought one though.
Classic? Yes I admit it is now old.
Displaying 1-10 of 52 commentsView all comments on the GRM forums
You'll need to log in to post.
