Bare Bones: 1964 1/2 Mustang Convertible – STILL $39,500
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January 26, 2023 Update – The seller replaced their second expired listing with a fresh Craigslist ad. The pictures, brief description, and already lowered asking price of $39,500 all remain the same.
December 27, 2022 Update – The seller replaced their original expiring ad with a second listing. The pictures, brief description, and already lowered asking price of $39,500 all remain the same.
December 6, 2022 Update – The seller decided to lower the asking price listed in their current Craigslist ad from the original ask of $44,900 to $39,500.
When Ford launched the Mustang in April 1964, the company marketed it with a low base price as the ideal second car for suburban families. Unlike most other entry-level cars up to that point, the original Mustang looked sporty even with no options added. A case in point is this Rangoon Red over parchment vinyl 1964 1/2 Mustang convertible currently listed on Craigslist in Los Angeles, California. The excellent color combination and drop top belie the fact this Mustang features the one barrel topped, 170 cubic inch, Thriftpower inline six controlled by a floor-shifted three-speed manual transmission. With only 64,000 original miles and located in southern California, we can’t tell from the seller’s brief description whether their Mustang is a very well-preserved survivor or if it benefited from restoration at some point.
Now offered for $39,500 (the original ask was $44,500), Classic.com, the analytics and search engine for the collector car market, confirms the ask is slightly above the one-year rolling average of this guide’s summary for first-generation Ford Mustang convertibles produced between 1964 1/2 and 1966. By clicking on the green dots in the graph below, you can navigate to each comparable car sold as a way to help you evaluate the price of the Mustang featured here:
As a second data point, the Collector Car Market Review Online Tool reveals the seller’s ask falls above this guide’s #1 “Excellent” estimate of $36,880 after factoring in a twenty percent deduction for the standard inline-six and three-speed manual transmission.
Since it was introduced four months before the normal start of the 1965 production year and manufactured alongside 1964 Ford Falcons and 1964 Mercury Comets, the earliest Mustangs are widely referred to as the 1964½ model by enthusiasts. Nevertheless, all “1964½” cars were given 1965 U.S. standard VINs at the time of production, and – with limited exception to the earliest of promotional materials – were marketed by Ford as 1965 models. The low-end model hardtop used a “U-code” 170 cubic inch inline-six engine borrowed from the Falcon, as well as a three-speed manual transmission. With a base price of 2,368, standard equipment included black front seat belts, a glove box light, and a padded dashboard. Production began in March 1964 and Mustang Serial Number One (5F08F100001) was sold on April 14, 1964, at the George Parsons Ford dealership in St. John’s, Newfoundland, Canada. Official introduction followed on April 17 at the 1964 World’s Fair. The V8 models were identified with a badge on the front fender that spelled out the engine’s cubic inch displacement (“260” or “289”) over a wide “V.” This emblem was identical to the one on the 1964 Fairlane.
Several changes to the Mustang occurred at the start of the “normal” 1965 model year in August 1964, about four months after its introduction. These cars are known as “late 65’s”. The engine lineup was changed, with a 200 cubic inch “T-code” engine that produced 120 horsepower. Production of the Fairlane’s “F-code” 260 cu in (4.3 L) engine ceased when the 1964 model year ended. It was replaced with a new 200 horsepower “C-code” 289 cubic inch V8 engine topped with a two-barrel carburetor as the base V8. The DC electrical generator was replaced by a new AC alternator on all Fords (a way to distinguish 1964 from 1965 is to see if the alternator light on the dash says “GEN” or “ALT”).
The King Rose Archives YouTube Channel features this very first Ford Mustang commercial featuring scenes from the 1964 New York World’s Fair where Ford launched the car to the public:
Nearly forty large is big money for an early build, entry-level Mustang. Granted, its a convertible in the right color combination, so we would inspect the car thoroughly for originality before agreeing to that ask as there are always great alternatives for sale in the Mustang world.
If you are serious about buying this Ford Mustang, you can start the conversation by calling the seller atWhen you connect, please remember to mention you saw their restored pickup featured here on GuysWithRides.com. Good luck with the purchase!
Here’s the seller’s description:
Show or go: What would you do with this 1964 1/2 Ford Mustang convertible for sale? Please comment below and let us know!