Key Takeaways
- The 2016 Ford Mustang GT350, with only 10,200 miles, is currently bid at $30,000 on Cars & Bids.
- Market value for similar GT350s ranges from $58,000 to $68,000, indicating potential room for price growth in the auction.
- This particular model features a 5.2-liter V8 engine and some minor modifications, with a well-documented service history.
Current Auction Status
A 2016 Ford Mustang GT350 in Oxford White is attracting attention on Cars & Bids, where it has received bids totaling $30,000 to date. The car has been driven only about 10,200 miles since being purchased by its current owner in July 2019, averaging approximately 700 miles per year. A comprehensive Carfax report confirms consistent dealer-performed oil changes since 2021 with no service gaps.
Market Trends
Sales data from Hagerty indicates that previously sold 2016 GT350s have fetched between $46,200 and $56,175, depending on their mileage and condition. Classic.com listings for similar vehicles show that examples with mileages ranging from 17,000 to 32,000 are asking prices of between $51,900 and $56,998. Exceptional low-mileage units (1,000 to 4,000 miles) are commanding upwards of $67,900 to $74,995. Given these figures, this GT350 sits within a solid valuation range, with fair market value likely between $58,000 and $68,000.
Specifications and Modifications
The car is powered by a 5.2-liter Voodoo V8 engine, producing 526 horsepower and 429 lb-ft of torque, and is paired with a Tremec TR-3160 six-speed manual transmission. Modifications are minimal, including an aftermarket X-pipe, a Track Package rear spoiler, and an upgraded shift knob. The original parts are included with the sale, ensuring reversible enhancements. The owner has clarified potential buyer concerns about oil consumption (none reported) and the car’s usage (never tracked or driven aggressively). The seller has also adjusted the reserve price by $2,000 to factor in the need for new tires, which carry manufacture dates from 2015 and 2019.
Unique Attributes
The GT350 stands out due to its unique Voodoo V8 engine featuring a flat-plane crank, which is no longer available in Ford’s lineup as it was replaced by the supercharged Dark Horse SC. This shift has driven interest among buyers looking for a high-performance V8 experience without the six-figure price tag now associated with new models.
Final Thoughts
With its optimal condition, verified service history, and competitive bidding environment, this GT350 presents a favorable investment. Future buyers should be prepared for tire replacement imminently, but overall this car appears well-maintained and ready for driving enjoyment.
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