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  • Generation: 1994-2004 SN95 Mustang

Fourth Generation Mustang (1994 - 2004)

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Todd’s 2003 SVT Cobra Makes 513 RWHP

Todd Sidener from Steeleville, Illinois, proudly owns this 2003 SVT Read More

Clay’s 2003 Ford Cobra Is One Clean Machine

With everything combined, Vickery’s 2003 Ford Cobra makes around 480 Read More

John’s ProCharged 2004 Mach 1

Florida man John Lazor purchased his 2004 Mach 1 back in 2010 with Read More

Kurtis Forsberg’s Aztec Gold SN95 Mustang GT was Built to Be a 7-Second True Street Contender!

Check out Kurtis Forsberg’s 7-second 1997 Mustang GT! Read More

The quickest and fastest 4.6L-powered Terminator on the planet...and probably the cleanest too

Jack Sucilsky’s 8.5 Riding 2003 Terminator! Read More

All-Original Zinc Yellow Mustang GT Premium

After searching for a completely original Zinc Yellow Mustang GT for Read More

Anthony Heard continues the stick-shift legacy with his 8-second 1999 Mustang GT

Anthony Heard’s 8-second 1999 New Edge Mustang GT Read More

Clean Red 2004 Mach 1

Faithful Muscle Mustangs & Fast Fords reader Paul Prather of Spokane, Read More

Supercharged 1995 Mustang GT ’Vert Makes 511 RWHP

Canadian Shane Sweeney, who hails from just outside Toronto, Ontario, Read More

A Beautiful 2003 SVT Cobra ’Vert Capable of 855 RWHP

Houstonian Zach Penn is the owner of this gorgeous Zinc Yellow 2003 Read More

2001 New Edge Bullitt Makes Mustang No. Five

Brandon Heuter of Highland, Illinois, owns this 2001 Bullitt Mustang Read More

Disabled Veteran’s 2003 SVT Cobra Makes 824 HP

Joey Penfold, a 43-year-old disabled veteran from Miramar Beach, Read More

Two Powerful Mustangs—10th Anni 2003 Cobra & 2013 Shelby GT500

Dustin Stevens has two powerful msutangs at his fingertips, a Read More

35th-Anniversary 1999 Mustang GT Rides on Air

Brandon Luther from Hammond, Louisiana, bought his Metallic Silver Read More

Blue Oval Family Fun: 2001 and 2017 Mustang GTs

Sibling readers share their 2001 and 2017 Mustang GTs. Read More


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.



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.


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.


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.