1987 Ford Mustang | Car Model History

Quick facts

Engines: 2offered2.3 I4 (fuel-injected) → 302 "5.0 HO" V8 (SEFI; E7TE heads)
Top output: 225hp302 "5.0 HO" V8 (SEFI; E7TE heads)
Production: 159,145units
Base price: $8,271LX coupe
Today: ≈$22,800inflation-adjusted MSRP, not market value

Body stylesCoupe (notchback, LX) · Hatchback (3-door) · Convertible

The 1987 model year

Overview

The definitive late-Fox makeover. A flush 'aero' facelift smoothed the entire body — composite headlamps, a cleaner nose, restyled tail, and an all-new interior with a fresh dash. The 5.0 HO got better-breathing E7TE heads and jumped to 225 hp, the figure it would carry to 1992. The 5.0 LX (the lighter, plainer body with the GT's engine) became the budget-muscle bargain of the era. (Horsepower figures are SAE net.)

Specifications

Engines: 2.3 I4 (fuel-injected)90 hp
302 "5.0 HO" V8 (SEFI; E7TE heads)225 hp
Transmissions: 5-speed manual (T-5), AOD 4-speed automatic
Body styles: Coupe (notchback, LX), Hatchback (3-door), Convertible
Base price: $8,271 (LX coupe)See what that's worth today →
Production: 159,145

Year over year

What changed

Major 'aero' facelift: flush composite headlamps, smoothed body, restyled front and rear, all-new dashboard and interior.
The 5.0 HO gained E7TE cylinder heads and rose to 225 hp — the definitive Fox 5.0 output.
The V6 was dropped; the lineup narrowed to the 2.3 four and the 5.0 V8.
Trim consolidated to LX and GT; the 5.0 LX paired the V8 with the lighter, plainer body.

Worth knowing

Notable

The definitive late-Fox 'aero' look that ran through 1993.
The 5.0 LX 'sleeper' — GT power in a lighter, cheaper body — became a budget-muscle icon.

Living with it

Reliability & ownership notes

The 1987–93 E7TE-head 5.0 is the strong, well-supported engine the Fox-body is famous for — vast aftermarket.
Watch for abuse and modification on these popular performance cars; verify the speed-density (1987–88) vs mass-air distinction.
Inspect for Fox-body rust, especially on convertibles.

What it costs now

Price today

Original MSRP$8,271 (LX coupe)1987

Inflation-adjusted≈$22,800what that MSRP is worth in today's dollars

Current market value

We don't publish a market estimate for the 1987 model year yet. A valuation ships here only when it can be sourced and dated — we'd rather show nothing than a number we can't stand behind.

Original MSRP adjusted for inflation (CPI, 2024); not the car's current market/collector value. Source: U.S. Bureau of Labor Statistics, CPI-U (U.S. city average, all items), annual average.

Maintenance & service parts

Keep your 1987 Mustang on the road

Start with the service interval, then match the engine or exact version you own. Order links appear only when a catalog-backed part number is available, and every listing still needs a fitment check.

Service topics: 7
Scheduled topics: 6
Applicability stated: 7
Exact references: 1

Before ordering Identify your engine, options and build date. Part numbers and sizes can change within one model year. Shopping links appear only for catalog-backed references; still verify the listing against your vehicle before ordering.

Engine oil and filterView intervals, applicability and sources
Engine oil and filter
Sourced interval available
Applies to: 1987 · 2.3L SOHC I4, 5.0L HO V8 · US
Published interval: 7,500 mi · normal service
Source: Operation CHARM — 1987 Ford Mustang factory service schedule mirror · Normal Service 7,500/15,000/30,000-mile and Severe Service 3,000/30,000-mile records; 2.3L SOHC and 5.0L HO schedules cross-checked · checked 2026-08-05
Severe service
Applies to: 1987 · 2.3L SOHC I4, 5.0L HO V8 · US · Ford severe-service operating conditions
Published interval: 3,000 mi · severe service
Source: Operation CHARM — 1987 Ford Mustang factory service schedule mirror · Normal Service 7,500/15,000/30,000-mile and Severe Service 3,000/30,000-mile records; 2.3L SOHC and 5.0L HO schedules cross-checked · checked 2026-08-05
Engine oil filterView intervals, applicability and sources
Engine oil filter
Exact reference available
Manufacturer application-catalog fitment only; this does not establish an oil-change interval.
Applies to: 1987 · US
2.3L EFI inline-four
Baldwin B2
Applies to: 1987 · 2.3L EFI inline-four · US
Source: Baldwin Filters — Automotive Applications catalog (2017) · PDF page 264 — Ford 1987, Mustang 2.3L row · checked 2026-09-01
Verified ordering references
Service replacementBaldwin B2
Qty. 1 · Engine oil filter · catalog-listed
Baldwin's manufacturer application table lists this filter for the stated model year and engine. Confirm the VIN and installed engine before ordering.
Catalog: Baldwin Filters — Automotive Applications catalog (2017) · PDF page 264 — Ford 1987, Mustang 2.3L row · checked 2026-09-01
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5.0L High-Output EFI V8
Baldwin B2
Applies to: 1987 · 5.0L High-Output EFI V8 · US
Source: Baldwin Filters — Automotive Applications catalog (2017) · PDF page 264 — Ford 1987, Mustang 5.0L row · checked 2026-09-01
Verified ordering references
Service replacementBaldwin B2
Qty. 1 · Engine oil filter · catalog-listed
Baldwin's manufacturer application table lists this filter for the stated model year and engine. Confirm the VIN and installed engine before ordering.
Catalog: Baldwin Filters — Automotive Applications catalog (2017) · PDF page 264 — Ford 1987, Mustang 5.0L row · checked 2026-09-01
Search this part on Amazon
Engine air-filter elementView intervals, applicability and sources
Engine air-filter element
Sourced interval available
Applies to: 1987 · 2.3L SOHC I4, 5.0L HO V8 · US
Published interval: 30,000 mi
Source: Operation CHARM — 1987 Ford Mustang factory service schedule mirror · Normal Service 7,500/15,000/30,000-mile and Severe Service 3,000/30,000-mile records; 2.3L SOHC and 5.0L HO schedules cross-checked · checked 2026-08-05
Engine coolantView intervals, applicability and sources
Engine coolant
Sourced interval available
Applies to: 1987 · 2.3L SOHC I4, 5.0L HO V8 · US
Published interval: 30,000 mi
Source: Operation CHARM — 1987 Ford Mustang factory service schedule mirror · Normal Service 7,500/15,000/30,000-mile and Severe Service 3,000/30,000-mile records; 2.3L SOHC and 5.0L HO schedules cross-checked · checked 2026-08-05
Spark plugsView intervals, applicability and sources
Spark plugs
Sourced interval available
Applies to: 1987 · 2.3L SOHC I4, 5.0L HO V8 · US
Published interval: 30,000 mi
Source: Operation CHARM — 1987 Ford Mustang factory service schedule mirror · Normal Service 7,500/15,000/30,000-mile and Severe Service 3,000/30,000-mile records; 2.3L SOHC and 5.0L HO schedules cross-checked · checked 2026-08-05
Crankcase ventilation filterView intervals, applicability and sources
Crankcase ventilation filter
Sourced interval available
Applies to: 1987 · 2.3L SOHC I4, 5.0L HO V8 · US
Published interval: 30,000 mi
Source: Operation CHARM — 1987 Ford Mustang factory service schedule mirror · Normal Service 7,500/15,000/30,000-mile and Severe Service 3,000/30,000-mile records; 2.3L SOHC and 5.0L HO schedules cross-checked · checked 2026-08-05
Automatic transmission fluidView intervals, applicability and sources
Automatic transmission fluid
Sourced interval available
Applies to: 1987 · 2.3L SOHC I4, 5.0L HO V8 · automatic · US · Ford severe-service operating conditions
Published interval: 30,000 mi · severe service
Source: Operation CHARM — 1987 Ford Mustang factory service schedule mirror · Normal Service 7,500/15,000/30,000-mile and Severe Service 3,000/30,000-mile records; 2.3L SOHC and 5.0L HO schedules cross-checked · checked 2026-08-05

Collect

Bring this model year home

Find a scale model using the exact year, make, and model—not a generic generation search.

Sources

Wikipedia — "Ford Mustang (third generation)"
FoxStang — 5.0 Fox-body engine specs
LMR (Late Model Restoration)
Hagerty
MustangSpecs — per-year base MSRP

Other Third generation years

Explore the Fox-body generation →All Third generation · Fox-body years →

Documented lineup

Find your exact 1987 Mustang

Start with a family, body style, or engine. Every card opens the facts and maintenance information for that factory version.

16factory configurations

Exact factory pairings documentedHow this lineup was verified

These source-backed records identify published body, engine, and transmission combinations. Exact pairings do not by themselves assert that every factory option or special edition is represented.

Browse 16 documented records — use the filters above to narrow the list

Two-door sedan

LX Two-door sedan 5MT

Body: Two-door sedan
Engine: 2.3L EFI inline-four
Gearbox: 5-speed manual overdrive
Built: Regular production

Overview

Specifications

What changed

Notable

Reliability & ownership notes

Price today

Current market value

Keep your 1987 Mustang on the road

Bring this model year home

Sources

LX Two-door sedan 5MT

LX Two-door sedan 4AT

LX Three-door hatchback 5MT

LX Three-door hatchback 4AT

LX Convertible 5MT

LX Convertible 4AT

LX 5.0L Two-door sedan 5MT

LX 5.0L Two-door sedan 4AT

LX 5.0L Three-door hatchback 5MT

LX 5.0L Three-door hatchback 4AT

LX 5.0L Convertible 5MT

LX 5.0L Convertible 4AT

GT Three-door hatchback 5MT

GT Three-door hatchback 4AT

GT Convertible 5MT

GT Convertible 4AT