The average value of a standard 1968 Ford Mustang is between $20,390 and $23,860. The condition of the Mustang and the body type of the Mustang greatly affect the price of the vehicle.
As of September 2015, a 1968 Ford Mustang 2-door convertible's average value in fair condition is $17,300, while the same car in excellent condition has an average worth of $32,300. A Ford Mustang 2-door coupe in fair condition has an average value of $11,800, while the same car in excellent condition is worth $30,200. Ford Mustang GTs usually garner a higher price than standard Mustangs. For example, a Ford Mustang GT 2-door convertible with a 335-horsepower engine in fair condition is worth $115,000, while the same vehicle in excellent condition is usually sold for $170,000.