Jul 28, 2022  •  For Sale  •  20 Comments

Desirable Options: 1968 Ford Mustang GT Fastback

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Vehicle manufacturers love optional extras because they represent an inexpensive and easy way to increase their profit margin. Buyers like them because they offer the opportunity to personalize their new toy, with the right option adding a feeling of luxury and comfort to enhance their motoring pleasure. Some choices make little difference once the car reaches classic status, while others can have a significant impact. This 1968 Mustang GT Fastback is loaded with luxury and is an original and unmolested survivor needing a new home. It is listed for sale here on eBay in Cincinnati, Ohio. Bidding has reached $30,600, although it is unsurprising that this is short of the reserve.

Ford offered buyers in 1968 a vast array of choices when ordering their new Mustang. A perfect example is paint colors, where buyers could select from thirty-nine different shades to grace the panels of their new toy. One of the more popular was Lime Gold, which is what we find coating our feature car’s exterior. It is unclear whether the GT has received any previous restoration work, but it is hard to fault its presentation. The paint shines beautifully, while the panels show no noticeable dings or bruises. The seller claims the steel is original, and the underside shots reveal no signs of prior rust repairs or developing problems. The car retains the correct GT badges, trim, and items like the grille-mounted functioning foglights. It also features the hood-mounted turn signals that work as they should. The wheels are in excellent order, and the tinted glass is flawless.

By 1968, Mustang production had fallen by nearly 50% compared to the record-breaking 1966 result. However, with 317,404 cars finding their way to new homes, that figure could hardly be considered a disaster. The company had become fond of the higher sales volumes and continued expanding the available options to entice potential buyers into Ford showrooms. One of those options was the J-Code 302ci V8 which produced 230hp. That is what we find hiding under the hood of this GT, while the original owner added a three-speed C4 transmission, a 3.25 Limited Slip rear end, and power front disc brakes. The 302 is what I refer to as a “lazy” V8. That term is not derogatory but indicates that its maximum power and torque appear below 4,000rpm. Therefore, wringing the engine’s neck to extract its best is unnecessary. The seller states that the Mustang is numbers-matching and is in excellent mechanical health. The engine is strong, and the car is ready to be enjoyed by a lucky new owner.

Examining this Mustang’s interior reveals no aftermarket additions. It is where we find various factory options that increase the car’s desirability. The original owner equipped the car with factory air conditioning that blows ice-cold. The buyer also receives a floor console, a roof console with map lights, a Sport Deck rear seat, a rear window defogger, and an AM radio/8-track player. These items remain intact, and the seller says they work as they should. The Ivy Gold luxury vinyl trim looks excellent, with no signs of wear or physical damage. The same appears true of the dash and pad, but there are a couple of flaws a meticulous new owner may choose to address. The carpet shows fading typical of Mustangs from this era, and the buyer may elect to drop $250 on a high-quality reproduction carpet set. The wheel has some slight wear and a crack, but I had no trouble locating an immaculate original wheel for around $280. With those items installed, this interior would have little to fault.

This 1968 Mustang GT Fastback is a stunning car with a long list of desirable options. First Generation GTs always command premium prices, and the right equipment combination can impact value. Features like the roof console, air conditioning, and factory 8-track player mean that I expect the bidding to nudge $40,000 before hitting the reserve. That represents a significant investment, but it’s worth noting that values are climbing significantly faster than inflation. That could make this GT a rock-solid investment providing classic motoring pleasure while representing a nice little nest egg for the future. Can you see a downside to that scenario? Nothing springs to mind for me.

Comments

  1. JohnfromSC
    Jul 28, 2022 at 6:10pm

    IMO, the reserve is likely north of $40K. In this condition, a buyer will gut the powertrain and suspension and likely turn this into another Eleanor for big bucks.

    Like 1
    • Stephen
      Jul 28, 2022 at 7:12pm

      I think you are beyond wrong.

      Like 12
  2. Terrry
    Jul 28, 2022 at 7:52pm

    This car checks all the boxes for me, and even comes in my favorite Mustang color!

    Like 7
    • RallyeMember
      Jul 31, 2022 at 8:00am

      That color does look good when it’s clean and polished. Way better than my memories of the 500KR I worked on when it was only 10 years old but looked to have been ridden hard and put in a barn for 40 years. I made it run, stop and a few other things so it could be sold.

      Like 0
  3. Bob_in_TN Bob_in_TNMember
    Jul 28, 2022 at 8:36pm

    39 paint colors?

    Like 1
    • karl
      Jul 29, 2022 at 12:52pm

      I used to enjoy reading his posts, but the more I read Adams posts , the more I think he makes some facts up.

      Like 3
  4. Bobdog
    Jul 29, 2022 at 10:33am

    $50100 and the reserve still not met –

    Like 4
  5. Howie
    Jul 29, 2022 at 11:23am

    Wow!! Seller has 4 other Mustangs listed, and other hot cars.

    Like 3
  6. karl
    Jul 29, 2022 at 12:53pm

    I used to enjoy reading his posts, but the more I read Adams posts , the more I think he makes some facts up.

    Like 0
    • gaspumpchas
      Jul 29, 2022 at 3:06pm

      Karl, these great folks present this site on their own. Its a great place We dont need anyone to be saying negatives about it. Not everyone is an expert, and these folks do a great job. If you dont like the content here, please leave.

      Cheers
      GPC

      Like 9
      • KARL
        Aug 1, 2022 at 7:00am

        So you’re OK if someone just throws “facts” out ? Some people who check this site out may not know a lot about certain cars, and will believe what’s written . The writers do a really great job here, and I’m sure they look things up if they are not sure about something. I hate to put a political slant on this, but look how much ” groundbreaking news from a reliable source” pops up, and the next day its gone and you never hear about it again ? People who read the first newsbreak believe it and then it spreads from there , like the whole Chevrolet pickup explosions that I believe 60 minutes came out with, and it turns out it was a made up story

        Like 0
  7. Marvin Askins
    Jul 29, 2022 at 1:10pm

    It’s listed as a GT but has an autmatic transmission which would make it a “GTA” or GT Automatic.

    Like 5
    • Jost
      Jul 29, 2022 at 2:13pm

      I may be incorrect but I don’t have the time to check my mustang reference manuals. I believe that you could of purchase the gt appearance option with a automatic and 302 , the GTA would include the upgraded suspension for better handling. I hope someone can confirm my thought. So , not all gt automatics were GTA,s. Everything was an individual option then.

      Like 0
  8. Don
    Jul 29, 2022 at 3:03pm

    The GTA was a 1967 only designation.

    Like 3
    • Jost
      Jul 30, 2022 at 5:50am

      Thanks for clarifying….to many facts to remember at my age. I should have looked it up before commenting.

      Like 1
  9. Mitchell
    Jul 29, 2022 at 4:02pm

    A base model with some extras. And nice colour though.
    For 45k the seller made a good bargain with this when
    we keep in mind the sheer numbers of this car where
    built.

    Like 1
  10. kim nichols
    Jul 31, 2022 at 7:24pm

    no pwr steering, it needs that,plus a Aod 4speed auto trans,and efi, absolutly nothing else

    Like 0
  11. Andrew M Franz
    Aug 1, 2022 at 4:52pm

    I don ‘t know why they call the lights in the grill fog lights. Fog lights are amber.
    My brother had amber ones in his 1967 GTA. Should they be called driving lights not fog lights.

    Like 0
    • RallyeMember
      Aug 4, 2022 at 11:40am

      Andrew,

      Some fog lamps are yellow and many are white/clear. They’re fog lights from the beam pattern that should be flat and wide with little or no stray light going up to cause glare.
      They should only be called driving lamps if they have an appropriate beam pattern.

      Like 1
  12. Ffred
    Aug 4, 2022 at 11:32am

    KARL.. the Chevy pickup truck gas tank problem WAS/IS real and was settled by GM. The GM attorney was Ken Starr. Ring any bells? The settlement was a joke. You got a coupon to get a few thousand off a new Chevy/GMC truck

    Like 0

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