1993 marked the last year for the classic Fox body Ford Mustangs, ending a 15-year production run for the third generation of Ford’s pioneer pony car. Changes were minimal except for the return of the iconic Cobra variant.

Constructed by Ford’s Special Vehicles Team (SVT), the Cobra employed the 5.0-liter V-8 engine fitted with mods such as a revised camshaft and “GT-40” cylinder heads straight from Ford Racing. The result was a V-8 that now put out 235 horsepower and 280 pound-feet of torque. Power went to the rear wheels through a beefier Borg-Warner T-5 manual gearbox.

The Cobra featured unique front splitter, 17-inch alloy wheels, four-wheel disc brakes, a unique rear wing and Cobra badging. Later in the 1993, SVT rolled out the Cobra-R. Designed as a race-ready Mustang, the Cobra R featured no rear seat, no air conditioning and no radio. It added larger brakes, engine oil cooler, power steering cooler, and Koni shocks and struts.

Output of the 5.0-liter V-8 in the GT and LX was restated. According to Ford materials, it now put out 205 hp and 275 pound-feet of torque. This was likely more accurate, but also an attempt to make the Cobra feel more special.

The Special Edition was back to help with slowing sales. These were all LX 5.0 convertibles with white wheels, white convertible top, and a unique spoiler design. Buyers could get it in Vibrant White with a white leather interior or Vibrant Yellow with either a black or white leather interior.

114,335 Mustangs were sold in 1993, of which 4,993 were Cobras. These are certainly collector cars, but with just a scant 107 built, the top-tier Cobra-R is one of the top choices for a Fox body Mustang aficionado.