Tag Archives: Mustang

LEMAY SPOTLIGHT: 84-0032, THE FIRST SALEEN MUSTANG

From our friends at Saleen Automotive

This is the very first Saleen Mustang ever produced. What began as a sketch at his kitchen table in 1983, came to fruition in 1984. Steve’s sister was kind enough to donate her V8 Mustang hatchback so he could transform it into a street machine worthy of his name. While the V8 engine is left alone for emission reasons, the rest of the car underwent a major overhaul with revised “racecraft” suspension, chassis stiffening, and aerodynamic features. With an MSRP at a very reasonable $14,300, the world took notice of “Saleen” as the new kid in the automotive world.

[Source: Saleen Automotive]

HAGERTY: SALEEN MUSTANGS COMMAND A PREMIUM PRICE

Saleen Mustangs still command a premium price

By: ANDREW NEWTON on November 6, 2019
Original Article: HAGERTY.COM

Values have risen 27–34 percent in 2 years.

Conventional wisdom would have you believe that modifying your car will wreck its value. Fair enough. Doing your own “improvements” out back with a hacksaw and a hammer certainly won’t do your car any favors when it comes time to sell, and buyers are often wary of even professionally tuned cars.

However, it’s not true that deviations from factory stock always make a car less valuable in the long run. Just look at what people are paying for RUF Porsches, early AMG Mercedes-Benzes, and Alpina BMWs these days. What sets those cars apart from the average modified car with bolt-ons and custom wheels is that the RUFs, AMGs, and Alpinas are series-built by well-known, small-volume manufacturers, often with the knowledge of the carmakers, which is a far cry from your local shop.

Another, closer-to-home example is Saleen. With the contract to build the 2005–06 Ford GT, not to mention its own S7 supercar, Saleen has done some big things, but it is best known for building souped-up Mustangs since the mid-1980s. Even the early Saleen Mustangs were carefully and professionally built, and you could buy them through your Ford dealer. They even came with a Ford factory warranty. Saleen also built its Mustangs with racing in mind and in small numbers (especially by Mustang standards), so it’s no big stretch of the imagination to think of Saleens as the Shelbys of the ’80s. Saleens are already significantly more than regular Fox-body Mustangs, and their values have been growing at a faster clip, but check how much a ’60s GT350 is worth and it looks like the Saleens have plenty of room to grow. There’s a reason why we put them on our Bull Market list earlier this year.

88-0001, Saleen Mustang - courtesy of Colin Comer
88-0001, Saleen Mustang – courtesy of Colin Comer

Steve Saleen started Saleen Autosport in 1983, and he built a handful of cars in 1984. Because of emissions regulations, he left the Mustang’s 5.0 engine alone, but the addition of stiffer springs, Bilstein dampers, alloy wheels, and stickier tires were more than enough to turn the lumbering Fox-body Mustang into an entirely different car—a stiff, unapologetic, track-ready corner-carver. Nifty custom FloFit seats, a 170-mph speedo, and Escort radar detector rounded out the interior, while a body kit and bright graphics let everyone know you were driving something special.

Things only got better for Saleen. The company quickly reached an agreement with Ford to put Saleen Mustangs inside Ford dealerships, where they retailed for more than a standard 5.0 GT but less than Ford’s turbocharged Mustang SVO. Saleens also had great success in SCCA racing, including three consecutive wins at the 24 Hours of Mosport from 1986–88, and the company started building modified Ranger pickups in 1987.

1988 Saleen Mustang Convertible & 1987 Saleen Mustang Hatchback - courtesy of Colin Comer
1988 Saleen Mustang Convertible & 1987 Saleen Mustang Hatchback – courtesy of Colin Comer

Steve Saleen was finally able to combine his already effective handling improvements to the Mustang with a more potent engine in 1989 with the Saleen SSC. A larger throttle body, improved intake, new exhaust with high-flow cats, and other improvements brought power from 225 hp in the base car to 290 hp and 325 hp, crazy figures for the ’80s. A heavy-duty battery and clutch, along with larger wheels, were other upgrades. Saleen improved on the SSC further in 1990 with the SC, which makes 304 hp and features better handling and a more aerodynamic body. A Vortech supercharger arrived for ’93, but both SSC and SC were very expensive when new. Saleen sold just 161 SSCs, followed by 28 SCs. Even the normal 225-hp Saleen Mustangs are rare. Production totaled just a few dozen in some years, while even the peak years of 1988–89 produced only a little more than 700 cars annually. Meanwhile, Ford sold over 400,000 Mustangs in those two years. Hard driving, theft, and accidents have taken plenty of Saleens off the road.

After 1993, Saleen went on to build Mustangs based on the fourth-generation cars, but it’s the 1984–93 versions, with their wild body kits, that are arguably the best known. When it comes to how much these standout Mustangs are worth, it’s actually not a Saleen but Dearborn’s own ‘roided-out track-ready Fox-body—the SVT Cobra R—that carries the highest value among Fox-bodies, with a condition #2 (excellent) value of $57,450. The slightly rarer Saleen SSC and the much rarer Saleen SC are a bit behind, with #2 values of $41,450 and $47,700, respectively, while a normal production Saleen Mustang comes in at an average of $24,150. More run-of-the mill sporty Fox-bodies are worth way less. A 5.0 GT is, on average, 45-percent cheaper than a Saleen ($13,300), and a 5.0 LX is 64-percent cheaper ($8650).

While it isn’t a surprise that Saleens are pricier than base cars, they are also appreciating faster than their factory cousins. Across all 1979–93 Mustangs, values are up an average of 16.5 percent over the past two years, and Fox-bodies of all types have been among the hotter cars in the market over that time; Saleens are up anywhere from 27–34 percent over the same period.

Other than the aforementioned 1993 SVT Cobra R, of which 107 were built, no Fox-body Mustang has appreciated faster over the last few years than Saleens have. Like Shelby, the Saleen name commanded a premium price from the beginning, but that premium is getting bigger.

1989 Saleen Mustang - Sandon Voelker
1989 Saleen Mustang – Sandon Voelker

Our Marketplace Editor Colin Comer owns several Saleens and watches the market for them closely. “The production numbers are really low, in many cases much less than the 1965–70 Shelbys, and finding a really good one that hasn’t been crashed or modified or beat to death and still has original parts is already really tough,” according to Comer. “I absolutely think these Saleens will be the early Shelbys for another generation.”

He also notes that the earliest cars are particularly sought after and especially the first dozen-or-so cars, which featured some unique parts. Speaking of parts, “due to the realities of being a small manufacturer that used other people’s parts, a lot of things are tough to get,” Comer adds. “Original radios, wheels, body kit parts, shift knobs, etc. are prized, and for the 1987-and-up cars with Flofit the seat fabric is long unavailable so that’s a biggie.”

Finding a good one is, therefore, worth the wait. And given the bright future these fine-tuned Fox-bodies have on the collector market, it wouldn’t be a bad idea to hang on to your Saleen for the long haul, too.

[Source: Hagerty]

1988 HATCHBACK (88-0187) TO HIT MECUM AUCTION

Lot R321 // Kissimmee 2020 // Jan 2-12

1988 Ford Mustang Saleen

88-0187 Saleen Mustang
88-0187 Saleen Mustang

Color: White
Interior: Grey

HIGHLIGHTS
– Unrestored original condition
– Saleen No. 187
– 3-owner lifelong California car
– Sold new at Citrus Motors in Ontario, California
– Original paint and decals
– Original interior
– Original factory-installed exhaust
– 1 of 708 Saleen Mustangs produced in 1988

https://www.mecum.com/

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[Source: Mecum Auctions]

1987 HATCHBACK (87-0180) TO HIT MECUM AUCTION

Lot R320 // Kissimmee 2020 // Jan 2-12

1987 Ford Mustang Saleen

87-0180 Saleen Mustang
87-0180 Saleen Mustang

Color: White
Interior: Grey

HIGHLIGHTS
– Original and unrestored with no modifications
– Saleen No. 180
– Original paint
– Formerly part of Mark LaMaskin’s PAS Collection
– 48,000 miles

https://www.mecum.com/

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[Source: Mecum Auctions]

FORMER MJ 435S DEMO (10-0012) LANDS AT KODAK MOTORSPORTS

A roadmap with over thirty-five years worth of “Saleen Mustang” production has many twists and turns. By spring of 2009, a conglomerate based in Michigan under the name of MJ Acquisitions (MJA) created the subsidiary “Saleen Performance Vehicles (SPV)” to produce, market and sell Saleen branded vehicles and equipment. Their first production vehicle was the 2010 Saleen 435S.

Originally planned as a continuation to the Racecraft brand introduced by ASC/Saleen in 2008, this 2010 435S became the entry-level Saleen Mustang under SPV. Much like their 2008-09 Racecraft siblings, every 435S featured the Saleen Series VI supercharger, short-throw shifter, performance mufflers, upgraded suspension, 18″ wheels, gauge overlays, with interior and exterior model identification. As with the earlier model there was an available “aero package group” consisting of a front spoiler and rear wing. New for the 2010 Saleen 435S were optional 19×9″ and 19×10″ wheels first seen on the 2008 S302 Heritage Edition Saleen Mustang.

SPV introduced their 435S package during July 2009 at the popular Mustang Week car show in South Carolina. Based on the newly restyled 2010 Ford Mustang GT, the Saleen 435S enjoyed a brief production run spanning an estimated duration of 4-to-6 months with assistance from Alternative Automotive Technologies in Troy, MI. To date, records indicate MJA/SPV sold 13 examples of their 2010 Saleen 435S to both dealers and customers during 2009 and early 2010.

When we review these 13 production vehicles, we find 11 were based on the coupe body while only two were convertibles. One was painted Ebony while the other was Torch Red. Both cars were equipped with manual transmissions and had the optional Saleen 19″ wheels and 435S aero package.

Our feature car, serial number 10-0012 435S, has the distinction of being used as a sales and promotional demo for Saleen Performance Vehicles. -DB


2010 Ford Mustang Saleen 435S Convertible
Price: $28,900.00

Year: 2010
Make: Ford
Model: Mustang
Trim: Saleen 435S Convertible
Mileage: 35,456
Trans: 5-Speed Manual
Vin: 1ZVBP8FH9A5151713
Stock #: P242
Engine: 4.6L V8 SOHC 24V
Interior: Leather
Color: Red
Drive Train: RWD
Type: Convertible
State: TN
https://kodakmotorsports.com/

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[Source: Kodak Motorsports]

TERLINGUA PRESERVATION SOCIETY 2019 RUN

From our friends at Saleen Automotive

We love supporting The Terlingua Preservation Society, an organization who shares a love for all makes and years of Mustangs. At their 11th annual community fundraising event, 40 cars, including our Orange Fury Black Label and silver White Label, made the trip to far west Texas to enjoy 1/4 mile runs and a 250-mile cruise including a 10.2-mile closed road high-speed run.

The event raised more than $30,000, bringing the 11-year total to just over $250,000 in total, LOCAL giving. Congrats, TPS!

[Source: Saleen Automotive]

RARE 1991 MODEL YEAR SALEEN MUSTANG (91-0002) HITS eBay

Price: $50,000.00
VIN: 1FACP44E0MF152665
Vehicle Title: Clear
Year: 1991
Make: Ford
Model: Mustang
Sub Model: Saleen Mustang
Body Type: Convertible
Number of Cylinders: 8
Engine: 5.0L 302 Cu. In. V8
Fuel Type: Gasoline
Transmission: 5-speed Manual
Exterior Color: Bright Red
Interior Color: Black
Mileage: 14,200
For Sale By: Private Seller
eBay #: 233368515160

91-0002 Saleen Mustang
91-0002 Saleen Mustang

91-0002 Saleen Convertible , number 1 of 1 Car built by Saleen in California during the 1991 Model Year. All standard Saleen Mustangs were manufactured by Cars and Concepts in the 1991 model year except for this Car. This Car was made for a personal friend of Mr. Steve Saleen , and is autographed in several places.

This Car was not used in Rain or Snow by the original owner from which we purchased it, and we have not used it at all. Absolutely no paint work ever , Car was never damaged.

The original build included a Roll Bar which was almost immediately substituted with a factory Light Bar, possibly the first Fox body Saleen with such an accessory. We have that Roll Bar along with any piece of the Car that was replaced with more modern parts such as Headlamps.

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1995 RIO RED S351 SPEEDSTER (95-0050) LANDS ON eBay

Price: $27,750.00
VIN: 1FALP45T8SF119679
Vehicle Title: Clear
Year: 1995
Make: Ford
Model: Mustang
Sub Model: Saleen S351 Speedster
Body Type: Convertible
Number of Cylinders: 8
Engine: Original 1995 Saleen S351 V-8
Fuel Type: Gasoline
Transmission: 5-speed Manual
Exterior Color: Rio Red
Interior Color: Black
Mileage: 16,000
For Sale By: Private Seller
eBay #: 183992886192

Seller Notes: “This vehicle is an AUTHENTIC and UNALTERED, extremely low mile, 1995 SALEEN Mustang S351 Convertible Speedster, T-code that is truly one of the few 1990’s collectible High Performance Mustang Muscle Cars. The Saleen Speedster, I is Saleen’s “flagship”. This model, the Saleen Speedster was the representative model on all Saleen Performance Part Booklets and even covered the front and back of the Saleen Book and Owners Registry. Saleen incorporated lessons learned from the track to the street in these mustangs, becoming a four time SCCA Champion by 1998. From original production records at corporate Saleen, the originating dealer was Archway Ford in Baltimore, MD with a manufacture date of May 12, 1995. An authentication letter signed by Liz Summar verifies this Saleen #95-0050 as Rio Red tinted clear coat exterior with black Saleen Recaro leather interior convertible with Silver graphics and Silver Wheels manufactured with the optional Speedster Package and T Code package.”

95-0050 Saleen S351
95-0050 Saleen S351

Vehicle Description & History

A. Vehicle Description

This vehicle is an AUTHENTIC and UNALTERED, extremely low mile, 1995 SALEEN Mustang S351 Convertible Speedster, T-code that is truly one of the few 1990’s collectible High Performance Mustang Muscle Cars. The Saleen Speedster, I is Saleen’s “flagship”. This model, the Saleen Speedster was the representative model on all Saleen Performance Part Booklets and even covered the front and back of the Saleen Book and Owners Registry. Saleen incorporated lessons learned from the track to the street in these mustangs, becoming a four time SCCA Champion by 1998. From original production records at corporate Saleen, the originating dealer was Archway Ford in Baltimore, MD with a manufacture date of May 12, 1995. An authentication letter signed by Liz Summar verifies this Saleen #95-0050 as Rio Red tinted clear coat exterior with black Saleen Recaro leather interior convertible with Silver graphics and Silver Wheels manufactured with the optional Speedster Package and T Code package. Further, this letter indicates that this particular Saleen is 1 of only 3 with these colors and options.

1995 Saleen Production consisted mainly of eighty-nine S351 Coupes and forty-three S351 Convertibles.

Optional Saleen Packages included:

  • the R Code (mainly Vortech supercharger equipment);
  • the T Code (13-inch Saleen slotted racing front rotors, Saleen/Alcon four-piston calipers, 3.27:1 rear axle, and Saleen Recaro Leather interior; and
  • the Spyder or Speedster Package (convertible only, Saleen sports light bar, soft top cover, and hard light weight exterior color matched tonneau).

Engine: Saleen spec. 351-cid (5.8-liter) Windsor electronically fuel injected V-8 manufactured by engine-builder Billy Wages, Jr. of AER in Texas.

Horsepower: 371@5100 RPM

Torque: 422@3500 RPM

** These numbers were extreme for the 1990s and quite respectable even today for a naturally aspirated engine **

Headers: Saleen ceramic-coated

Transmission: Tremec quick-ratio five-speed manual

Suspension: full Saleen Racecraft suspension – springs, shocks, struts, quad shocks, urethane bushings, G-load brace

Other Performance Enhancements: Saleen high-performance pressure plate and clutch; Balanced and customized driveshaft; three-core radiator; and high perf. (high flow) 2 ½” stainless four-way cat exhaust

Saleen Authenticity maintained by: serialization numbers on front bumper, Saleen console plaque, and Saleen engine bay plaque, and other not so visible locations on the Saleen.

B. Vehicle History

This Saleen S351 Speedster is fully documented and authenticated from Saleen, Ford, and the original dealer.

  • It comes with congratulatory letter signed by Steve Saleen and Team Saleen verification letters signed by Liz Summar;
  • all dealer delivery documents, manuals, Ford and Saleen window stickers;
  • photographs from the original dealership showroom floor, the first owner and myself; and copies of bill of sale, original title, and other purchase transactions between first owner and myself.

If you have been searching for the right Saleen S351 at the right price, this is it! If you research price of Saleens I suggest NADA Classic Car Guides. However, one problem with the Saleen Speedsters is that they are “not referenced or priced as such” only convertibles, so look at the original Saleen MSRP and current retail value as a guide. Just remember, the original Saleen MSRP of this Speedster was $54,534, near that of a Saleen S351SR. This is understandable considering its light weight racing additions.

Should you have any questions call me at (860) 537-9183 to secure this rare find to add to your collection!

Thank you for looking, and good luck bidding!

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