When something works, the smart executive
stays with it. Towards the end of Fox Mustang
production, Ford released a series of special editions
with distinctive cosmetic treatments. It began in 1990
with the Emerald Green Limited Edition, commonly
known as the 7-Up car.
For 1992, the recipe had changed. Green was out
and red was in.
“Start with the fabulous Performance Red exterior,”
invited the April ’92 Hot Sheet, a product bulletin that
went to Ford dealers. “Red Hot” was the marketing
theme, and the Special Edition Mustang played up
the red to the max with its monocolor treatment
extending to the windshield frame, side mirrors, trunk
hinges, rear spoiler, and upper door and passenger
compartment trim. The convertible top and interior
were done in solid white, making for an appealing
contrast. Wheels, often referred to as just white, were
officially Opal Pearlescent.
Seats featured leather surfaces with black piping,
and overhead was a headliner, Mustang’s first fitted
to a convertible top. It would become standard on
convertibles for 1993, but for 1992, it was a Special
Edition exclusive. White door panels and Ebony dash,
floors, seat belts, and console finished out the interior.
Emissions regulations being what they are, the
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engine/driveline was left intact, preserving the 5.0
H.O.’s generous 225hp rating and its certified emissions
compliance.
Prices for the Limited Edition started at $19,644 for
the basic LX convertible 5.0, then added $850, totaling
$20,494 before options. That put the Limited Edition
package close to the top-of-the-line GT convertible.
But spending the extra cash rewarded the buyer with
a much rarer Mustang. Production stopped at 2,193.
Mike Pittsley, a firefighter in Taunton, Massachusetts
[Boston area], knows a thing or two about what’s hot.
He started out with a new ’87 GT, then got married, had
kids, and sold the GT. It was gone but not forgotten.
In 2004, Mike began searching for another Mustang.
This time he wanted a convertible, but not just any
convertible. He was after one of the Limited Editions.
They don’t exactly grow on trees, so the search went
past New Year’s, then past it again, and again. Finally
in 2007, he spotted a Vibrant Red Feature Car
convertible that looked promising. It was an automatic
transmission version (five-speeds were offered, too) in
good condition with 86,435 miles. Better still, it was in
a nearby town just a couple of hours’ drive away.
“The owner said he had just bought the car for his
wife,” Mike recalls, “but he wanted to buy another
house, so he was going to have to sell it.”