Misallocation

1978 Ford Mustang Custom

Sold at Mecum Auctions on June 8, 2024.

$66,000Confirmed

The price as reported by the house. Hammer price $60,000, before the buyer's premium. Read from the house's results Oct. 14, 2026.

The car

Year
1978
Make and model
Ford Mustang
Generation
Mustang II
Gearbox
Manual
Chassis
8F03Y145217
Condition
Excellent (2)Likely

Condition is our reading of the listing's description on Hagerty's 1 to 4 scale, not an inspection.

Against comparable sales

Above the middle half of 16 comparable sales, 117% over its top.

Middle half of sales$12,688 to $27,625
Median$19,000
Sales behind it16Likely

From 16 sales of the Ford Mustang II in our data over the last 24 months. Hammer prices, before buyer's fees. Half sold between $12,688 and $27,625.

Closest sales

Closest comparable sales
CarAuctionDatePrice
1978 Ford Mustang II King CobraMecum, Sept. 24, 2026MecumSept. 24, 2026$31,000
1978 Ford Mustang II CobraMecum, May 15, 2026MecumMay 15, 2026$46,000
Fuel-Injected 2.9L-Powered 1978 Ford Mustang II Mach 1 4-SpeedBring a Trailer, March 1, 2026Bring a TrailerMarch 1, 2026$10,750
1978 Ford Mustang II King CobraMecum, Oct. 31, 2025MecumOct. 31, 2025$20,000
1978 Ford Mustang II 302 5-SpeedBring a Trailer, Aug. 31, 2025Bring a TrailerAug. 31, 2025$11,000
1978 Ford Mustang II King Cobra 4-SpeedBring a Trailer, July 10, 2025Bring a TrailerJuly 10, 2025$13,251
1978 Ford Mustang Cobra IIMecum, May 14, 2025MecumMay 14, 2025$18,000
1978 Ford Mustang II King Cobra 4-SpeedBring a Trailer, May 11, 2025Bring a TrailerMay 11, 2025$16,000