The Ford Mustang is – without a doubt – one of the most iconic vehicles to ever grace the earth, with a decades-long history of sales dominance behind it. These days, rare and special pony cars routinely sell for big bucks at auction, and there are quite a few of those. On the same token, we’ve seen many Blue Oval pace cars hit the auction block and garner considerable attention, including a pair of 1970 Mustang 428 Cobra Jet convertible “ARI” pace cars, the first-ever Fox Body pace car, a 1953 Ford Crestline Sunliner Indy 500 pace car, and a 1994 Mustang SVT Cobra pace car. Now, pony car/motorsports fans have another stellar option to bid on – this 1994 Ford Mustang SVT Cobra pace car with just 245 original miles, which is up for grabs at Bring a Trailer.
This 1994 Ford Mustang SVT Cobra pace car convertible is one of just 1,000 produced in total to commemorate the model’s selection as the official pace vehicle for the 1994 Indianapolis 500, and each one of them is finished in Rio Red Tinted Clearcoat with a Saddle leather interior. Out of that group, given this one’s mileage total, it’s pretty safe to assume that it’s one of the best of the bunch, if not the best.
These cars are pretty easy to spot in a crowd thanks to a host of unique features including the Indy 500 Pace Car Replica Package, along with requisite Cobra goodies like a rear wing, Cobra badging, fog lights, fender vents, dual exhaust, and cast-aluminum 17-inch five-spoke wheels. Inside the cabin, embroidered Indy 500 winged tire logos on the headrests are accompanied by amenities like power accessories, air conditioning, cruise control, and the Mach 460 stereo system.
Power for these pace cars comes from the naturally-aspirated Ford 5.0L V8, which in this guise is equipped with electronic fuel injection and GT40 cylinder heads and was originally rated to produce 240 horsepower and 285 pound-feet of torque, flowing to the rear wheels via a five-speed manual transmission. This fine example originally sold for $26,845 – according to its still-attached window sticker – but we imagine that it’ll command far more than that at auction, as it should.