1997 Mustangs stayed almost 100% the same, besides some minor options that were now available or deleted from the previous year.

PRODUCTION NUMBERS Standard Coupe - 56,812 GT Coupe - 18,464 Cobra Coupe - 6,961 Standard Convertible - 11,606 GT Convertible - 11,413 Cobra Convertible - 3,088	VIN NUMBERS  -  1FALP47V6VF000001 1FA - Ford Motor Company L - Active Belts and Airbags P - Passenger car 47 - Body Code (40=Standard Coupe, 42=GT Coupe,          44=Standard Convertible, 45=GT                    Convertible,46=Cobra Convertible, 47=Cobra Coupe V - Engine Code 6 - Variable digits V - 1997 ("V" stands for 1997) F - Assembly Plant (F=Dearborn) 000001 - Consecutive unit number
BASE PRICES Standard Coupe - $15,880 GT - $18,525 Cobra - $25,335 Standard Convertible - $21,280 GT Convertible - $24,510 Cobra Convertible - $28,135	ENGINES/ENGINE CODES 4 - 3.8L V-6 with 150hp W - 4.6L V-8 with 215hp V - 4.6L V-8 with 305hp (COBRA)
FACTORY OPTIONS Package #1 - Power Windows/Locks/Decklid Release Package #2 - AM/FM Radio with cassette, Premium Sound, Speed Control Package #3 - Fog Lamps, Rear Spoiler, leather-wrapped steering wheel, Sport Seats Sport Appearance Package - Rear Spoiler, leather-wrapped steering wheel, lower bodyside accent stripe - Rear Window Defroster - Front floor mats - Anti-lock brakes - Keyless Entry - Power Driver's Seat - CD Players - Anti-theft system (Not all Options are included)	EXTERIOR COLORS/COLOR CODE Bright Tangerine - GM Deep Violet - JU Moonlight Blue - KM MYSTIC - LF (Cobra only) Deep Forest Green - NA Pacific Green - PS Black - UA Opal Frost- WJ Crystal White - ZR Rio Red - E8 Laser Red - E9
INTERIOR COLORS Saddle Black Medium Graphite