1992 Ford Mustang Specs & Details

The Mustang hadn’t seen substantial updates since the 1987 model year, and sales reflected the staleness as less than 80,000 1992 Mustangs were purchased. A recession didn’t help either, but car buyers looked elsewhere without innovation. A quick check of some numbers reveals that output for the 5.0-liter V-8 had dropped to 205 horsepower and 275 lb-ft of torque (from 225 horsepower and 300 lb-ft of torque). It’s a bit of a head-scratcher, but Ford reworked the camshaft and pistons, causing the power to drop. Interestingly, the 1992 Mustang sales brochure still reflected engine specs from 1991.

After a long absence of special editions, a limited-run 5.0-liter LX convertible appeared midyear. Available only in Vibrant Red, the car had a white leather interior and white convertible top. White wheels and body-matching trim rounded out the look. A rear spoiler replaced the decklid luggage rack. The special edition premium tacked on an extra $850 to the $20,733 price of a regular 5.0 convertible in LX trim, so there weren’t too many takers. Less than 2,200 were sold.

The only exterior change is that previously black wide bodyside molding on all LX variants gets changed to a body matching color. The switch gives even the base Mustang a more cohesive and premium appearance.

Interestingly, with all the streamlining Ford employed, especially since the 1987 refresh, Mustang was still available as eight different variants. The base Mustang (with the 2.3-liter inline-four) could still be ordered as a notchback coupe, three-door hatchback, or convertible. And the mid-tier LX 5.0L was also available in these body styles. The GT was hatchback or convertible, only.

Presumably, Ford thought it was better to offer something for everyone rather than further scale back and lose even more sales. Keep in mind that the most expensive Mustang, the GT convertible at $21,288, was almost double the least costly model, the LX notchback at $11,159. Across the entire Mustang lineup, the hatchback accounted for half of all 1992 Mustang sales. The remaining purchases were divided up at 30 percent convertible, 20 percent notchback.

Curiously, once standard equipment, like air conditioning, was dropped from the LX 5.0L even though prices went up about $500. Perhaps Ford discovered that this sweet-spot variant (with the GT’s engine and underpinnings) was costing them too much money.

1992 Ford Mustang Specs

1992 Mustang Articles

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  Fox Body Mustang: Everything You Need To Know

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  Fox Body Hatchback vs Notchback

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  Top Five Fox Body Mustang Mods

Check out other 1979-1993 Mustang Specs: 1979, 1980, 1981, 1982, 1983, 1984, 1985, 1986, 1987, 1988, 1989, 1990, 1991, 1993