The 1979 Ford Mustang Pace Car Edition serves as the definitive celebration of the Fox body’s debut, marking the brand’s prestigious role at the 63rd Indianapolis 500. This particular example is a staggering time capsule, showing a mere 2,184 miles on its odometer and representing one of the finest preserved specimens in existence. Equipped with the desirable 5.0L V-8 and a four-speed manual transmission, it bypasses the common four-cylinder turbo variants to offer the traditional muscle experience. Accompanied by a Deluxe Marti Report, original build sheet, and even two black satin jackets, this Mustang is a documented piece of automotive history heading to the Indy 2026 auction.
Pewter and Black Graphics with Marchal Lighting
The exterior of this Pace Car Edition is finished in the striking Pewter and Black two-tone scheme, punctuated by high-visibility Orange and Red graphics that pay homage to the Brickyard. Its silhouette is defined by the unique front air dam and rear spoiler that set the Pace Car apart from standard 1979 models. Period-correct details are maintained in extraordinary condition, including the Marchal fog lights with their original covers and the forged aluminum alloy wheels. This Mustang still rides on its iconic Michelin TRX tires, completing a visual profile that remains exactly as it appeared when it first rolled off the assembly line nearly five decades ago.
Recaro Racing Seats and Heritage Emblems
Inside, the cabin is a pristine time warp featuring Black and White cloth upholstery over highly bolstered Recaro bucket seats. The driver-focused environment includes a tilt steering column with a three-spoke wheel and a passenger-side Indianapolis Motor Speedway emblem that denotes its special edition status. Every amenity reflects the luxury-performance blend of the era, from the AM/FM/Cassette stereo to the factory sunroof which includes its original storage bag. The interior materials show remarkably little wear, preserving the unique textures and colors that defined the early Fox body era. It is a space that remains remarkably fresh, free from the typical sun damage or age-related decay.
V8 Soundtrack and Traditional Manual Shifting
Under the hood sits the venerable 302 CI V-8 engine, a powerplant that would go on to define the performance potential of the Fox body platform for over a decade. This V-8 is linked to a four-speed manual transmission, allowing the driver to fully exploit the engine’s linear torque delivery. The car is equipped with power steering and power front disc brakes to provide a level of control that was highly competitive for its time. While later EFI models saw higher numbers, this carbureted 5.0L produces a factory benchmark of 140 hp/142 PS and 250 lb-ft/339 Nm, offering a nostalgic and mechanical driving feel that modern electronic systems cannot replicate.
| Technical Specifications | |
|---|---|
| Engine | 302 CI (5.0L) V-8 |
| Transmission | 4-Speed Manual |
| Odometer | 2,184 Miles |
| Tires | Michelin TRX |
| Chassis Type | Fox Body |
| Documentation | Deluxe Marti Report / Build Sheet |
Investment Potential for Fox Body Survivors
The 1979 Pace Car Edition competed in a market alongside the Chevrolet Camaro Z28 and the Pontiac Trans Am, yet it stood out for its modern, lighter-weight chassis. In the current collector market, Fox body Mustangs are seeing a significant surge in value, particularly low-mileage survivors with documented history. This example’s unique selling point is its comprehensive documentation, including the original warranty, owner’s manual, and a copy of the original 1979 title. Against its peers, the Pace Car Edition remains one of the most collectible early Fox bodies due to its limited production and high-profile association with the Indianapolis 500.
A Historic Survivor Ready for the Collection
This 1979 Ford Mustang Pace Car Edition represents a rare opportunity to own a virtually new version of a legendary performance car. With its ultra-low mileage and exceptional level of documentation, it appeals to the most discerning of Mustang purists and historical collectors. The combination of the 5.0L V-8, manual gearbox, and pristine Recaro interior makes it the ultimate specification for this model year. As it crosses the block at Indy 2026, it stands as a testament to the enduring legacy of the Ford Mustang and its role in the greatest spectacle in racing.
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Source: mecum.com
