In early 2019, a special, practically-new 1993 SVT Cobra R crossed the block at the Barrett-Jackson auction, selling for a whopping $132,000. This Cobra became the most expensive Fox-body they ever sold, starting a price hike for this particular Mustang generation.
Suddenly, more people started buying the Fox-body Mustang. Soon, the prices of the quality, low-mile and unmolested examples steadily rose. Although the Fox-body Mustangs will never be more expensive than the first-generation models, they will continue to grow in popularity. So, if you want to buy one, act soon before the prices become astronomical.