1998 Mustangs saw the same models from the previous year with slightly inflated prices. A CD Player finally came standard. Not much else.

PRODUCTION NUMBERS Standard Coupe - 99,801 GT Coupe - 28,789 Cobra Coupe - 5,174 Standard Convertible - 21,254 GT Convertible - 17,024 Cobra Convertible - 3,480	VIN NUMBERS  -  1FALP47V6WF000001 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 W - 1998 ("W" stands for 1998) F - Assembly Plant (F=Dearborn) 000001 - Consecutive unit number
BASE PRICES Standard Coupe - $16,150 GT - $20,150 Cobra - $25,710 Standard Convertible - $20,650 GT Convertible - $24,150 Cobra Convertible - $28,510	ENGINES/ENGINE CODES 4 - 3.8L V-6 with 150hp W - 4.6L V-8 with 225hp V - 4.6L V-8 with 305hp (COBRA)
FACTORY OPTIONS Convenience Package - Front floor mats, power driver's seat, speed control, rear window defroster V-6 Sport Appearance Package - 16" aluminum wheels, lower bodyside accent stripe, rear spoiler, leather-wrapped steering wheel GT Sport Package - 17" aluminum wheels, leather-wrapped shift knob, hood stripe, fender stripes, engine oil cooler - Anti-theft System - AM/FM Radio withcassette - Mach 460 Stereo System - Anti-lock brakes (Not all Options are included)	EXTERIOR COLORS/COLOR CODE Autumn Orange - BC Chrome Yellow - BZ Performance Red - ES Dark Green Satin - FU Pacific Green - PS Black - UA Silver - YN Crystal White - ZR Rio Red - E8 Laser Red - E9 Atlantic Blue - K6 Bright atlantic Blue - K7
INTERIOR COLORS Saddle Black Medium Graphite