Classic car valuation sites such as Hagerty and NADA provide ballpark estimates based on condition, with more precise numbers available from professional classic car appraisers.
- According to Hagerty, the average value of a 1978 Mustang Cobra in "good" condition is $18,700, while a "concours" example can fetch up to $36,000.
- NADA values a 1978 Mustang Cobra in "average" condition at $20,500, with a high retail value of $27,200.
Prices may also vary depending on geographic location, with classic cars generally commanding higher prices in certain markets, such as California and Florida.
If you're interested in purchasing a 1978 Mustang Cobra, it's important to do your research and have the car inspected by a qualified mechanic to assess its condition and identify any needed repairs or restoration.
