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Pony car

1968 Ford Mustang GT 390

Pony car powered by 390 cu in Ford FE big-block V8.

1968 Ford Mustang GT 390 photographed by David Merrett at Goodwood Revival 2018; reviewed as representative GT 390 exterior media, not individual-car proof.
Build pathway Factory Ford Mustang with GT Equipment Group and S-code 390 V8
Engine 390 cu in FE big-block V8, factory-rated at 325 hp
Transmission Heavy-duty 4-speed manual or C6 3-speed automatic
Brakes Power-assisted front disc brakes standard with GT Equipment Group in 1968
Rear Axle Heavy-duty Ford 9-inch rear differential

Story

The 1968 Ford Mustang GT 390 represents Ford's highly successful translation of big-block power into its iconic pony car chassis. Contemporary and reference sources consistently identify the model around a combination of the heavy-duty "S-code" 390-cubic-inch FE V8 engine and the factory-optional GT Equipment Group package, rather than as a separate coachbuilt or independent tuner edition. Built entirely on Ford's factory assembly lines in Dearborn, San Jose, and Metuchen, the GT 390 was a factory-built, mass-produced performance vehicle designed to counter the rising threat of GM's big-block Chevrolet Camaro and Pontiac Firebird.

The core of the GT 390's identity is its S-code powertrain. Sourced records and period technical specifications document an OHV 390-cubic-inch FE V8 featuring a 4.05-inch bore and 3.78-inch stroke, a 10.5:1 compression ratio, and a single Holley four-barrel carburetor. This setup carried factory gross ratings of 325 horsepower at 4,800 rpm and 427 lb-ft of torque at 3,200 rpm. Power was routed through either a heavy-duty, close- or wide-ratio Toploader four-speed manual transmission or the C6 SelectShift Cruise-O-Matic three-speed automatic, transmitting output to a robust Ford 9-inch rear axle.

Chassis and suspension upgrades were integral to the GT package. In 1968, the GT Equipment Group required the heavy-duty handling suspension, which featured stiffer front and rear springs, heavy-duty shock absorbers, and a thick front stabilizer bar. Power front disc brakes, which were optional on lesser Mustangs, were standard equipment on GT-package cars. Visually, the package was defined by grille-mounted fog lamps, GT-styled steel wheels with unique hubcaps, dual exhaust exiting through quad chrome tips under the rear valance, and distinctive GT side striping.

Authenticity cautions matter here. The cultural significance of the 1968 Mustang GT 390 is heavily tied to Steve McQueen's Highland Green fastback in the film Bullitt, which has led to a high volume of replica and tribute cars. Badge, paint, and general styling are weak evidence by themselves. Stronger proof requires manufacturer documentation such as a Marti Report, window sticker, or the S engine code in the vehicle identification number and corresponding door data plate. Specific axle ratios and assembly plants are left out until stronger documentation is attached.

1968 Ford Mustang GT Fastback photographed by Sicnag; reviewed as representative GT 390/GT Equipment Group exterior media, not individual-car proof.Sicnag via Wikimedia Commons · CC BY 2.0

Price history

Values

Nominal dollars from original price sheets, auction archives, and approved value references.

Original Price

A verified original price is not yet available for this car.

Market Observations

  • Auction sale $62,500

    Mar 30, 2026 · Bring a Trailer

    Marti-documented S-code GT fastback 8R02S105062 with long California ownership, 390/four-speed/Traction-Lok, repaint, interior changes, and accessories. · modified · unknown Bring a Trailer records a $62,500 sale for chassis 8R02S105062. The Marti Report documents the GT Equipment Group, S-code 390, four-speed, and 3.25 Traction-Lok. The archive also discloses a prior repaint with paint failure, reupholstered front seats, removed radio, added switches/speaker, replacement steering wheel, aftermarket engine dress/exhaust, and rolled odometer.
  • Auction sale $47,300

    May 14, 2016 · RM Sotheby's Auburn Spring 2016

    Restored S-code GT fastback 8R02S120495 with 390/325-hp V8, four-speed, power steering, and front discs. · restored · unknown RM Sotheby's records a $47,300 sale for identification number 8R02S120495. The S in the VIN, 02 fastback body, GT title, 390/325-hp engine, restored state, four-speed, San Jose build, Los Angeles delivery, and disclosed aftermarket wheels/tires remain explicit.
  • High bid $53,000

    Jan 24, 2014 · Mecum Kissimmee 2014

    Marti-documented S-code GT fastback 8R02S138930 in Bullitt-style presentation with original 390/rear end and automatic-to-four-speed conversion. · modified · unknown The $53,000 amount is Mecum's Bid Goes On high bid, not a completed sale. The archive identifies VIN 8R02S138930, S-code 390, GT Equipment Group, fastback body, Marti Report, original engine and rear end, and a professional Hurst four-speed conversion from the factory automatic. Highland Green/Bullitt presentation and transmission conversion are explicit modifications.

Values move with paperwork, originality, options, condition, venue, and body style. High bids and guide values are labeled separately from completed sales.

Reference records

Options, Colors & Components

Source-backed details for trim, chassis, production, and authenticity.

Transmission

  • Factory transmission Toploader 4-speed manual
  • Factory transmission C6 3-speed automatic

Options

Production

1968 Ford Mustang GT 390 shown at the 2016 Paris motor show; reviewed as exact GT 390 preservation/show media.Thesupermat via Wikimedia Commons · CC BY-SA 4.0

Authenticity

  • S-code 390 identity VIN and documentation showing S-code 390 FE V-8, with drivetrain evidence matching the car · VIN, door data plate, Marti Report, window sticker, engine/casting dates, transmission, axle tag, and original paperwork · numbers matching
  • GT Equipment Group identity GT equipment evidence including fog lamps, GT striping, dual exhaust, front disc brakes, and supporting documentation · Marti Report, window sticker, door data plate, body inspection, brake/exhaust hardware, and ownership history · fraud detection

Still Researching

  • suspension The page includes GT suspension equipment, but exact spring, shock, and stabilizer-bar part numbers are not normalized.
  • production The page records the GT 390 fastback configuration but does not assert exact S-code/GT/body/transmission/color counts from the checked sources.
  • paint colors The page lists representative 1968 Mustang colors, not the full paint-code matrix or GT 390 color totals.
  • interior The page includes shifter and broad interior context, but exact upholstery, decor, console, gauge, and steering-wheel rows need door-data/Marti support.
  • authenticity markers The page includes core S-code and GT markers, but decoded VIN/door-data/Marti/drivetrain rows are not normalized.

Codes & names

Names & Engine Codes

Common names and codes are grouped so LS6 references point to the same engine, not separate pages.

1968 Ford Mustang Bullitt display at the 2018 North American International Auto Show; reviewed as cultural/history context, not generic originality proof.Joe Ross via Wikimedia Commons · CC BY-SA 2.0
390 390 cu in Ford FE big-block V8
390 4V 390 cu in Ford FE big-block V8
390 V-8 390 cu in Ford FE big-block V8
390ci V-8 engine 390 cu in Ford FE big-block V8
S-code 390 390 cu in Ford FE big-block V8
390-4V 390 cu in Ford FE big-block V8
390-cubic-inch V-8 390 cu in Ford FE big-block V8

Photo and video gallery

Gallery

8 photos and videos

Sources & Documentation

Explore more Related cars & components 12 links