We're incorporating the last three years of production into one because very little changed in the three-year period. By this time, Ford was getting ready to unleash an all-new Mustang for the buying public to enjoy. So as far as the last three years of the Fox-body were concerned, it was basically in a holding pattern.
What did change were the wheels available on Mustang GT. The five-spoke cast aluminum 16-inch wheels that are so popular today were introduced on the '91 Mustang GT. These guys made the Mustang a better handler and certainly a hot looker. Aside from bigger wheels and the new front fender opening on the fascia because of those wheels, the '91 Mustang was a carryover from 1990. Minor trim and styling changes make the '91 Mustang a bit different. Convertibles, for example, had a lower stack height with the top down. Few people noticed this unless they were looking for it. It made the '91 Mustang convertible body a bit different to make way for the revised top.
Most apparent from this period were the '92 1/2 Mustang Limited Edition "feature" cars, also known as "Summer Special" cars. These striking, limited-edition Mustang LX convertibles were available in Vibrant Red with white five-spoke GT wheels. The super-sharp drop-tops had a rear deck spoiler, white leather interior, and more. When it comes to collectibility, these Mustangs are hot because they're so rare. Survivors in good condition aren't as plentiful as they used to be.
The year 1993 was virtually an instant replay of 1992. Because the limited-edition feature cars were a runaway success in 1992, Ford brought this concept back for 1993. Instead of Vibrant Red, 1993 1/2 witnessed Canary Yellow Clearcoat and Oxford White on these LX H.O. convertibles. Yellow drop-tops received chromed five-spoke wheels. Those in Oxford White got white five-spokers. Both had white leather interiors.
'93 SVT Mustang Cobra
The limited-edition '92-'93 feature cars were a success, which prompted Ford to think about new ways to spark Mustang sales. Ford's Special Vehicle Team (SVT) was created to develop low-production, high-performance vehicles for the Ford Division. SVT was an amped-up version of SVO (Special Vehicle Operations) from the early '80s.
SVT is Ford's skunk works, conceiving and producing exciting, limited-production cars and trucks for a hot marketplace. SVT's first work was the '93 Mustang Cobra, a terrific pump-primer for greater rides to come. Truth is, the '93 Cobra remains one of the best Mustangs ever because it had all of the right things without the excessive weight that came later in 1994-'02.
Headed up by Janine Bay, SVT looked at the Mustang and evaluated how the carline could be vastly improved. The result was a limited-production supercar available from Ford SVT dealers everywhere. Production began in December 1992, and because the Cobra came along late in the '93 model year, production was estimated at 5,000 units. Production problems plagued a full-scale introduction. Things got well underway late in January 1993, with mass production of the SVT Cobras continuing through late June at the Dearborn assembly plant.
What made the '93 SVT Cobra so terrific? Equipment. Ford called the '93 Cobra the Preferred Equipment Package 250A-a $1,455 option. The Cobra was distinctive because it had body features not available on the Mustang LX or GT: a unique grille with the traditional galloping horse, air dam, ground effects, distinctive rear fascia, and a bitchin' rear deck spoiler. In true Cobra tradition, the car had Cobra emblems and nameplates. Each Cobra was fitted with '84-'86 Mustang SVO taillamps.