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  • Generation: 1994-2004 SN95 Mustang

Fourth Generation Mustang (1994 - 2004)

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2001 Mustang GT Is One Bad New Edge

2001 Mustang GT Is One Bad New Edge

Nebraskan Andrew Reardon owns this beautiful five-speed 2001 Mustang Read More

Power by the Hour Shows the Easiest Way to Coyote-Swap the World

Power by the Hour Shows the Easiest Way to Coyote-Swap the World

A detailed look at Power by the Hour's newest Coyote-swapped New Edge. Read More

JLT Performance to Sponsor Spring Break Shootout Class at NMRA Season Opener

JLT Performance to Sponsor Spring Break Shootout Class at NMRA Season Opener

The cold air intake gurus have a long history of making horsepower. Read More

2 Dream Cars: 2000 Supercharged Saleen & 2016 Mustang Shelby GT350

2 Dream Cars: 2000 Supercharged Saleen & 2016 Mustang Shelby GT350

Ernest Strozier purchased his two dream cars after retiring from a Read More

Factory Long-Block 9-second 2003 Mustang Cobra

Factory Long-Block 9-second 2003 Mustang Cobra

Bryan Crane’s 2003 Cobra runs single-digits with an unopened, stock Read More

Four-Eye Coupe Terminator Swap

Four-Eye Coupe Terminator Swap

Robert Miller is at it again with this Terminator-Swap Coupe. Read More

It’s “Double-Your-Pleasure” with this twin-spin 2002 Ford Mustang GT

It’s “Double-Your-Pleasure” with this twin-spin 2002 Ford Mustang GT

Gary Tibbitts of Albany, New York is one of those guys that’s been Read More

This Paxton Novi 2000-supercharged 2001 Mustang Bullitt was just tuned up by RevAuto

This Paxton Novi 2000-supercharged 2001 Mustang Bullitt was just tuned up by RevAuto

We brought you an earlier update on Calvin’s Bullitt, but he Read More

Low-Mileage 2004 Mystichrome Terminator That’s Far From Stock

Low-Mileage 2004 Mystichrome Terminator That’s Far From Stock

A reader from New Jersey tells about his Mystichrome 2004 Ford Mustang Read More

This 1997 SVT Cobra Has Never Been Washed or Rained On

This 1997 SVT Cobra Has Never Been Washed or Rained On

A reader shows off his 1997 SVT Cobra, which has never been rained on Read More

Clean 2003 Terminator Speeds Through Daily Life

Clean 2003 Terminator Speeds Through Daily Life

A detailed look at Carlos Hickey’s VMP supercharged 2003 Cobra that Read More

This 1,015hp 2002 New Edge Mustang Gets Busy on 8.5-inch Slicks

This 1,015hp 2002 New Edge Mustang Gets Busy on 8.5-inch Slicks

According to Fields, his New Edge “has lots of potential for a small Read More

This 2004 New Edge Mustang GT has evolved into an 8-second machine

This 2004 New Edge Mustang GT has evolved into an 8-second machine

A detailed look at TJ Lapinski’s Coyote-swap New Edge 2004 Mustang Read More

One Sick 2003 Terminator That Kills the Quarter-mile in 8.98 Seconds

One Sick 2003 Terminator That Kills the Quarter-mile in 8.98 Seconds

Ben Wakeling has owned his 2003 Cobra for roughly three years now. The Read More

With a single turbo, we’re not lying when we say Jeffrey Chandler’s 2003 Mustang Cobra runs 9s

With a single turbo, we’re not lying when we say Jeffrey Chandler’s 2003 Mustang Cobra runs 9s

A detailed look at Jeffrey Chandler’s 2003 Cobra. Read More

About

By 1994, the Mustang had been in production for 30 years, and Ford had the formula dialed in. Following on the footsteps of the venerable Fox-body (1979-93), Ford introduced the Fox-4 "SN-95" chassis in 1994, with it a larger, slightly heavier, and more rounded body design.

The styling was received well, as this design was packed with many "classic" Mustang cues. The '94 model brought a totally new look, as well as new technology and enhancements in safety and performance.

SN-95 Mustangs would benefit from anti-lock brakes, five-lug axles, the addition of a front, passenger-side air bag, and an improved chassis with greater rigidity. Additionally, Ford tweaked the suspension for improved road feel and handling.

Over the decade of this model run, Ford produced two distinct body designs, but the underpinnings remained virtually untouched. The front used a modified MacPherson Strut design with the coil springs set between the lower A-arm and the K-member. It retained use of the live axle with four trailing arms and two shocks. This design works quite well for normal driving, as well as for drag and road racing, and there is full support from the aftermarket. The only variation was the 1999-04 SVT Cobras, which utilized an Independent Rear Suspension.

One attribute to the SN-95 is the interior, which is reminiscent of the '69-70 Mustang. It has a double-hump dash, a nicely laid out center stack with integrated console, and well-blended gauge cluster.

Power came from either a V-6 or V-8, and Mustang owners could choose between an overdrive automatic or five-speed manual (SVT Mustangs are manual only, with the '03-04 being six speeds).

The 8.8-inch rear axle remained largely unchanged from the Fox-body, save for five-lug axles and disc brakes on all models.

Evolution

1994-95

The GT powertrain remained virtually unchanged in 1994-95, but the four-cylinder was gone in favor of a 4.0L V-6.M

Special editions of the '94-95 models included the SVT Cobra with 240 hp, including an Indy Pace Car model, and the second SVT Cobra R Mustang, of which only 250 were produced (all in white). These were powered by a 300hp 351 Windsor, similar to the 351W in the 1993-95 SVT Lightnings.

1996-98

Using the same body style, save for badging and taillights, Ford introduced the Two-Valve and Four-Valve DOHC Modular engine family to the Mustang. Performance from the Two-Valve was disappointing. The engine produced only 215 horsepower, and fortunately, the 305hp DOHC engine in the SVT Cobra picked up the slack and provided lots of high-rpm excitement. There are still many 1996-98 SVT Cobras running around, and you can generally find nice examples at a fair price. The V-6 remained virtually unchanged during this model run.

1999-04

When the time came for a face-lift, Ford went back to sharper lines, and so the 1999-04 Mustangs are commonly called "New Edge" Mustangs. Along with the new look, came a much-welcomed increase in power and performance. With the PI (Performance Improved) heads on the 4.6L Two-Valve, the Mustang had 260 hp, and could run solid 13s in stock trim. And while many 5.0L Foxes were modified to run quick, very few could turn 13s in 100-percent stock trim like the New Edge.

The SVT Cobra model continued on, and a big selling point (at least according to Ford), was the IRS rear axle. Unfortunately, while it provided nice handling, it lacked strength. Furthermore, the DOHC engine benefitted from an improved cylinder head design, boosting output to 320 hp in '99 and '01. In between those two models was the edgy 2000 Cobra R, which boasted a 385hp 5.4L Four-Valve and a T-56 six-speed transmission.

For the 2003-04 model years, SVT dropped a bomb with the supercharged SVT Cobra, dubbed "Terminator." At 390 hp, the Eaton-blown 4.6L Four-Valve made the Terminator unlike any other production Mustang before it. It also featured a six-speed transmission and IRS.

Ford rolled out other special edition Mustangs during this time, including the '01 Bullitt (based on the GT) and the Four-Valve '03-04 Mach 1.