The 2004 Mustang was basically a carry over from 2003. In order to commemorate the 40th anniversary of the Ford Mustang, all SVT Cobra models carried a 40th Anniversary badge on the fender. The base model Mustangs carried a 3.8L V6 engine with 16-inch cast aluminum wheels. Ford also gave us the potent Mach l and SVT Cobra. In 2004, Ford also its 300 millionth car and celebrated with an Anniversary package.
2004 was also a historic year for the Mustang because it was the last year the Mustang was produced at Ford’s Dearborn Assembly Plant. When you consider that 6.7 million of the 8.3 million total Mustangs ever produced (at the time) were produced at Dearborn Assembly you can see the significance. The historic year continued because 2004 was also the end of another era of Mustang bodies and design, the final year of the SN95 chassis.
To summarize, 2004 milestones included:
It was the last year of the Terminator Cobra.
It was the last year the Mustang was produced at the legendary Dearborn assembly plant.
It was the last year of the New Edge styled Mustang.
It was the last year of the SN95 Mustang.
It was the last year of a Fox-platform based Mustang.
It was the 40th Anniversary of the Mustang.
The SN95 body went out in style. Because of a strong enthusiast response to the introduction of the 2003 Mustang Mach 1, Ford committed to another sales year of Mach 1 production to slot between the Mustang GT and the SVT Mustang Cobra. It got a cool shaker hood, side stripes, paint stripe on the hood, side scoops, a special interior with comfort weave seats, special wheels and the tweaked version of the 4.6 liter DOHC V8 engine. Both the GT and the Mach 1 Mustangs carried the 4.6L V8 engine, but the Mach 1 managed to squeeze out 305 horsepower and 310 lb/ft torque while the GT managed only 260 horsepower. Both the GT and Mach 1 featured 17 inch cast aluminum wheels.
Generally the GT and V6 Mustangs are very similar to 2003 Mustang model year. Styling and exterior remained virtually the same for not only the base car, but also the standard coupe, convertible, Mach l and the SVT Cobras. Interior seat patterns changed, some option groups were mixed up but overall more of the same thing. The Pony package didn’t include the running pony decals along the rocker panel like it did in 2003. The Pony package included a raised hood scoop (like the GT), chrome 16″ wheels, and black “MUSTANG” bumper inserts. Mustang V6 was available in Black, Competition Orange (new for 2004), Dark Shadow Grey, Redfire, Screaming Yellow (new for ’04), Silver Metallic, Sonic Blue, Torch Red, and White.
Special Edition Models & Variants
There weren’t many changes made to the 2004 GT. It kept the Deluxe and Premium packages that Ford debuted in 2001 and 2002 stayed around. Both packages standard items include: 4.6 liter V8 engine; dual exhaust; fog lamps under the bumper; side scoops; rear spoiler; 17 inch wheels, and power adjusted 6-way drivers seat. The GT Deluxe package comes with the standard stereo and cloth seats while the GT Premium package comes with the leather seats and the Mach 460 audio system.
The 2004 model run was the Mustang’s final year on the SN-95 platform so collectors and fans of the Fox-based cars were given one last chance to buy a new Mach 1. The 2004 Mach 1 standard features included: an exclusive 305 horsepower DOHC 4.6L V8 engine, dual exhaust, special suspension tuning and lower ride height, 17-inch aluminum wheels, a shaker hood scoop, and black over the top stripes and rocker stripes. The Mach-1 could be ordered in Azure Blue, a Mach-1 only paint color; or Competition Orange, Oxford White, Screaming Yellow, Dark Shadow Gray, Black, and Torch Red.
The 2004 Cobra was much the same as the 2003 Cobra with a few minor updates, including new paint color options like Screaming Yellow, Competition Orange and Mystichrome, a slightly updated exhaust system, which helped to eliminate the Gas Guzzler Tax that the 2003 suffered, as well as some minor interior changes.
The Mustang celebrated its 40th anniversary on April 17, 2004. Ford decided that all 2004 Mustangs would come with the 40th Anniversary badges on their fenders. Most people don’t know that there was actually a special trim package you could buy that gave you even more 40th Anniversary love.
The 2004 base Mustang was priced at $18,345 while the base convertible went for $24,080. For more detailed options and pricing, please check out our 2004 pricing and options research.
2 Door Hardtop
2 Door Deluxe Hardtop
2 Door Premium Hardtop
2 Door Deluxe Convertible
2 Door Premium Convertible
2 Door GT Deluxe Hardtop
2 Door GT Premium Hardtop
2 Door GT Deluxe Convertible
2 Door GT Premium Convertible
2 Door Mach 1
2 Door SVT Cobra Hardtop
2 Door SVT Cobra Convertible
Exterior & Interior Colors
A total of 12 colors were available for the 2004 Mustang model year. For detailed colors, color palettes, codes and interior colors please check out our in depth 2004 colors information post.
The base V6 engine was back in 2004 in the entry level Mustang. It was still a decent 193 horsepower. The 4.6 liter SOHC was once again used to power the GT, good for 260 horsepower. The Cobra returned with its epic 390 hp supercharged 4.6L DOHC V8. For more information on engines for 2004, you can find the information here.
Dimensions and weight were unchanged for the model year 2004 cars.
Below is the performance data for the 2004 Mustangs that we could find. As expected there were no changed to the numbers between the 2003 and 2004 model years. Below we have included 0-60 mph times, 0-100 mph times as well as quarter mile times and top speed where available.