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This 1994 Ford Mustang SVT Cobra Pace Car Convertible is a standout example of one of the most iconic limited-production Mustangs of the modern era. Built to commemorate the Mustang's role as the official pace car of the 1994 Indianapolis 500, only 1,000 examples were produced-making this car, #307, a true collector-grade piece. Showing just 65,500 miles and backed by a clean CarFax, this is a well-preserved, three-owner car that remains entirely original-something that's getting harder to find with these Cobras.
Under the hood sits the factory-tuned 5.0L SVT V8, paired with a 5-speed manual transmission that delivers the raw, connected driving experience enthusiasts love about the SN95 platform. Power is sent through a 3.55 posi rear end, giving the car strong acceleration and a responsive feel whether you're cruising or getting into it. This is a car that still feels analog in all the right ways-simple, mechanical, and engaging.
As a true Pace Car Edition, this Cobra features the signature Rio Red exterior paired with Saddle leather interior and a black convertible top, along with the distinctive Indy 500 graphics and badging that set it apart from standard Cobras. The overall presentation reflects a car that has been cared for and preserved, retaining its originality throughout-something serious collectors and enthusiasts will immediately appreciate.
Whether you're looking to add a limited-production SVT Cobra to your collection or want a clean, turn-key modern classic to enjoy with the top down, this Pace Car checks all the boxes. With its low production numbers, documented ownership history, and original condition, it represents a unique opportunity to own a piece of Mustang and Indy 500 history.
Price does not include applicable tax, title, license, processing, and/or $240 documentation fees.
To see over 80 photos of this car, including the undercarriage, please visit our website www.grautogallery.com