If you're searching for a classic American muscle car that blends timeless design with powerful performance, the 1967 Mustang fastback remains one of the most iconic choices on the market. This model year marked a pivotal redesign in the first-generation Mustang lineup, introducing sharper styling, enhanced engine options—including the legendary 390-ci V8—and improved handling over its predecessors 1. Whether you’re considering a restored example, a project car, or a modern restomod like those from Revology Cars, understanding the nuances of the '67 fastback is essential to making an informed decision. In this guide, we’ll break down everything from trim levels and factory specifications to common mechanical issues, current market values, and what to look for when purchasing.
Why the 1967 Mustang Fastback Stands Out
The 1967 model year was a turning point for the Ford Mustang. After launching the original '64½ model as a compact pony car aimed at young drivers, Ford refined the formula significantly by 1967. The fastback body style—characterized by its sloping rear roofline and integrated trunk lid—was already popular since its debut in 1965, but the '67 version received a complete exterior restyle. It featured bolder front grilles, sequential taillights, revised side scoops, and a more aggressive stance compared to earlier models ✨.
This generation also expanded engine availability. Buyers could choose from a base inline-six up to high-performance V8s, including the 289 HiPo (K-code), the 390 GT, and even the Shelby GT500 variant produced by Carroll Shelby’s team. These upgrades helped solidify the 1967 Mustang fastback as not just a stylish cruiser, but a true performance machine capable of competing with other muscle cars of the era.
Key Features of the 1967 Mustang Fastback
The 1967 Mustang fastback combined aesthetic appeal with functional improvements. Below are some of the defining characteristics:
- Body Design: The fastback silhouette offered better aerodynamics than the coupe or convertible and became synonymous with performance-oriented trims like the GT and Shelby models.
- Front End Redesign: A new concave grille with dual headlights gave it a more aggressive face. Optional fog lamps and GT-specific badging added visual distinction. \li> Interior Options: Available with vinyl or optional leather seats, wood-grain dash inserts (on higher trims), and a center console with floor shifter for manual transmission models ⚙️.
- Suspension & Brakes: While still using a solid rear axle and leaf springs, the '67 model saw minor suspension tuning. Disc brakes were available as part of the GT package, improving stopping power over drum-equipped versions.
One notable feature introduced in 1967 was the 2+2 hatchback option, which added fold-down rear seats and increased cargo access—a practical upgrade without sacrificing style.
Trim Levels and Model Variants
Ford offered several configurations of the 1967 Mustang fastback, each targeting different buyer preferences. Understanding these trims helps clarify pricing, rarity, and collectibility today.
Base Fastback
The standard fastback came with a 200-horsepower 289 cubic-inch V8 or a smaller inline-six engine. It lacked many performance features but retained the sleek profile. These models are often sought after for restoration due to their affordability and clean sheet-metal potential 🛒.
Mustang GT Fastback
The GT (Grand Touring) package elevated the driving experience with:
- Front disc brakes
- Special badging and dual exhaust
- Optional 390-ci V8 producing 320–335 horsepower
- Four-barrel carburetor and heavy-duty suspension
GT models are among the most desirable today, especially those equipped with the 390 engine and manual transmission.
Mustang GTA Fastback
A less common variant, the GTA (Gran Turismo Auto) denoted a GT model with automatic transmission. Though mechanically similar to the GT, the GTA had unique emblems and slightly different marketing positioning. Collectors sometimes differentiate between manual GT and automatic GTA models when assessing authenticity.
Shelby GT500 Fastback
Produced by Shelby American, Inc., the 1967 Shelby GT500 was based on the Mustang fastback but heavily modified. Key upgrades included:
- 428 cubic-inch Police Interceptor V8 (rated at 355 hp, though actual output was likely higher)
- Functional hood scoop, wider tires, and competition suspension
- Racing-derived components and distinctive paint schemes like Wimbledon White with Guardsman Blue racing stripes
Due to low production numbers (only around 2,048 units built in 1967), the Shelby GT500 commands premium prices at auction and is considered one of the crown jewels of Mustang history.
| Model | Engine | Horsepower | Transmission | Approx. Production (Fastback) |
|---|---|---|---|---|
| Base Fastback | 289 V8 | 200–210 hp | 3-speed auto / 3/4-speed manual | ~25,000+ |
| GT Fastback | 390 V8 | 320–335 hp | 4-speed manual / C6 auto | ~15,000 estimated |
| GTA Fastback | 390 V8 + auto | 320–335 hp | C6 automatic only | ~5,000 estimated |
| Shelby GT500 | 428 CJ V8 | 355 hp (SAE gross) | 4-speed manual | 2,048 total |
Common Problems with 1967 Mustang Fastbacks
While the 1967 Mustang fastback is revered for its performance and style, owning one comes with known challenges. Being aware of these can help avoid costly surprises.
Rust and Body Corrosion
Like most vehicles of this era, rust is a major concern. Common trouble spots include:
- Floor pans (especially under driver and passenger seats)
- Rocker panels
- Trunk floor and wheel wells
- Inner fenders and frame rails
Even garaged examples may show signs of corrosion if stored in humid climates or near coastal areas. Always inspect underneath the car and check for patch repairs that might hide structural damage 🔍.
Electrical System Issues
The original wiring harnesses are now over 50 years old. Symptoms of aging include flickering gauges, intermittent lights, or starter problems. Many owners opt to upgrade to modern repro harnesses or convert to negative ground systems for reliability.
Engine and Drivetrain Wear
V8 engines like the 289 and 390 are generally robust, but neglect can lead to oil consumption, overheating, or timing chain wear. Pay attention to:
- Compression test results
- Cooling system condition (radiator, water pump, hoses)
- Transmission fluid color and smell (burnt odor indicates clutch wear in manuals or band slippage in autos)
Rebuilt or upgraded drivetrains are common, so verify service records when possible.
Suspension and Steering Play
The stock suspension used ball joints, control arms, and bushings that degrade over time. Excessive steering wander or clunking noises over bumps suggest worn components. Upgraded polyurethane bushings and modern shocks improve ride quality without altering originality too much.
What Engine Did the 1967 Mustang Have?
The 1967 Mustang came with multiple engine options depending on trim and configuration. Here's a breakdown:
- 200 hp 289 cu in (4.7L) V8: Standard on many fastbacks; reliable and easy to maintain.
- 271 hp 289 4V (HiPo): High-performance version with four-barrel carburetor and solid lifters.
- 320–335 hp 390 cu in (6.4L) V8: Offered in GT models; large-block power in a mid-sized chassis.
- 355 hp 428 cu in (7.0L) Cobra Jet: Found in Shelby GT500; massive torque and street dominance.
- 120 hp 200 cu in I6: Base engine; economical but underpowered by modern standards.
The 390 V8 is particularly prized today for balancing performance and drivability. However, many non-GT fastbacks have been retrofitted with larger engines, which affects both value and authenticity.
How Much Is a 1967 Mustang Worth Today?
Market value varies widely based on condition, provenance, engine type, and documentation. As of 2025, here are general price ranges for 1967 Mustang fastbacks:
| Condition | Base Fastback | GT Fastback (390 V8) | Shelby GT500 |
|---|---|---|---|
| Fair (needs work) | $15,000–$25,000 | $30,000–$45,000 | $150,000+ |
| Good (drivable, some flaws) | $25,000–$40,000 | $45,000–$70,000 | $180,000–$250,000 |
| Excellent (show-quality) | $40,000–$60,000 | $70,000–$100,000+ | $250,000–$400,000+ |
Factors influencing price include originality, matching-numbers status, factory options (like air conditioning or power windows), and whether the car has undergone restoration. Vehicles with Marti Report verification or historical ownership trails often sell at a premium.
Where to Buy a 1967 Mustang Fastback
Purchasing a classic Mustang requires careful vetting. Common sources include:
- Classified Websites: Platforms like Hemmings, CarGurus, and Autotrader Classics list private and dealer-owned examples across the U.S. 2.
- Auction Houses: RM Sotheby’s, Mecum, and Barrett-Jackson regularly feature high-condition Mustangs, though buyer’s premiums apply.
- eBay Motors: Offers broad inventory but demands extra diligence regarding seller reputation and vehicle history.
- Specialty Restorers: Companies like Revology Cars build modernized, turn-key restomods using original-style bodies with updated mechanics and interiors ✅.
When buying online, always request a pre-purchase inspection (PPI) from a qualified mechanic familiar with classic Fords. Avoid deals that seem too good to be true—especially cars stored outdoors or lacking service records.
Restoration vs. Restomod: What’s Right for You?
Owners typically face two paths: restoring to factory specs or creating a restomod with modern upgrades.
Full Restoration
Ideal for purists and collectors seeking concours-level accuracy. Involves sourcing correct parts, matching paint codes, and preserving original serial numbers. Can take years and cost $80,000+, depending on labor rates and material quality.
Restomod Approach
Incorporates performance enhancements such as:
- Modern fuel-injected engines (e.g., Coyote 5.0L)
- Independent rear suspension (IRS) kits
- Power steering, ABS, and digital instrumentation
- Custom audio and climate control
Improves daily drivability and safety while retaining classic looks. Popular among enthusiasts who want reliability without sacrificing style.
Misconceptions About the 1967 Mustang Fastback
Several myths persist about this model. Let’s clarify them:
- “All 1967 Mustangs are rare.” — False. Over 472,000 Mustangs were built in 1967. While certain trims (like the GT500) are scarce, base models remain relatively common.
- “It’s easy and cheap to restore.” — Not necessarily. Rust repair, interior retrimming, and engine rebuilding add up quickly. Budget realistically before starting.
- “Any red Mustang is a Shelby.” — No. Shelby GT500s had specific badges, VIN codes, and engineering. Many fastbacks are repainted or modified post-factory.
- “The 1967 model is just like the 1968.” — While visually similar, the '67 has a unique grille, side marker placement, and interior layout. Correctness matters in judging authenticity.
Tips for Inspecting a 1967 Mustang Fastback Before Purchase
Use this checklist during your evaluation:
- Verify VIN and Trim Tags: Check the data plate under the hood for original color, trim, and engine code. Cross-reference with a Mustang club decoder.
- Inspect Undercarriage: Look for frame straightness, rust patches, and evidence of prior accidents.
- Test Drive Thoroughly: Listen for knocking, grinding, or slipping. Test brakes, steering response, and gear shifts.
- Check Documentation: Service records, title history, and restoration receipts increase confidence.
- Review Paint and Panel Gaps: Poor alignment or overspray may indicate poor repairs.
Consider hiring a professional inspector if investing over $30,000.
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