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Heading To Auction: A Beautifully Restored 1971 Ford Mustang Mach 1 429 Drag Pack

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The original Ford Mustang Mach 1 is an undeniably cool car, no matter what engine lurks under the hood. Fit that Mach 1 with a 429-cubic-inch “Super Cobra Jet” V8 engine and a Drag Pack, however, and you have a serious vintage straight-line racing machine on your hands.

Its safe to say that the example pictured above stands a good chance of being a hit at Mecum’s Portland auction event later this month. The Medium Blue Metallic beauty is from 1971, and it’s one of 531 examples optioned with the 429 SCJ and Drag Pack. It has a four-speed manual transmission with a Hurst shifter, power steering, power brakes with discs up front, a dazzling and pristine white interior with Graphite accents, and an original build sheet and Marti report.

The engine has been dyno’d at 416 horsepower and 475 lb-ft of torque.

If that weren’t enough, according to Marti Autoworks, this Ford Mustang Mach 1 SCJ is one of just two Drag Pack models ordered for 1971 with this color combination, and the only one optioned with those handsome, classic-looking Magnum 500 wheels. The car has done just 100 miles since a ground-up rebuild, which was carried out to MCA Gold Judging specifications.

No auction estimate has been provided by Mecum Auctions, but for reference, Hagerty provides valuation estimates of $65,000 for an “Excellent” specimen of the 1971 Ford Mustang Mach 1 429, and $80,500 for a “Concours” example.

For more photos and info on this beautiful blue piece of Mustang history, check out the original lot description on Mecum’s website.

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Written by Aaron Brzozowski

Aaron Brzozowski is a writer and motoring enthusiast from Detroit with an affinity for '80s German steel. He is not active on the Twitter these days, but you may send him a courier pigeon.

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One Comment

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  1. Aaron,
    Nice Write up but your reference to Hagerty’s Values for this car is understated.
    Hagerty only has a value for a 1971 Mustang Mach One 429 CI Cobra Jet. This was the 370HP model. They do not have an option to value the ‘Drag Pack” car rated at 375hp with solid lifter cam, 780 cfm double pumper holly, 4:11 gears, and Ram Air induction. According to Kevin Marty, Ford only made 531 “Drag Pack” cars that year. Mecum has done the best job selling these cars at their appreciating value. 2017 Portland at $90,000, 2017 Indy at $190,000 (last one of ’71 production) and 2018 Indy at $100,000.
    With the 69-70 Boss 429’s selling in excess of $350,000, I believe the market will find these cars a good investment.

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