First limited-edition Lee Iacocca Ford Mustang sells for $125,000

Article by Christian Andrei, on August 26, 2010

Sold at an auction, the first of 45 limited-edition Lee Iacocca Ford Mustangs fetched $125,000. The rest of the cars, which were built as a tribute to father of the Mustang Lee Iacocca, will be sold exclusively at Galpin Ford in Southern California. 

The 2009 1/2 Iacocca 45th Anniversary Edition Ford Mustang gets a lightly redesigned front end, with inset headlights, and a more dramatic fastback rear. 

Completing the clean look are special 20-inch Iacocca Design wheels wrapped with Goodyear Eagle tires. Its interior is highlighted with a leather-wrapped steering wheel with "I" logos, Diamond Design leather seats, and Iacocca-badged aluminum sill plates.

Ford Racing provides a cold-air intake system and the Ford Racing Handling Pack adds new shocks and springs. An optional supercharger system boosts the 4.6-litre V8's power to 395bhp.

Gaffoglio Family Metalcrafters showed the world what talent it has under its wings with its production of the limited edition Ford Iacocca Mustang. The company had made a name for itself when it custom-crafted many different concept cars that have been put forward by auto manufacturers. With an extensive experience of 28 years in the industry, the Gaffoglio Family Metalcrafters utilized what people consider as lost art in building the Iacocca Ford Mustang that was released in a limited edition run of 45 vehicles.

The result – a vehicle that demonstrates the perfect synthesis of new world techniques and traditional craftsmanship. The material used in constructing the body of the Iacocca Mustang, for instance, has a track record for sturdiness and durability. Composite construction Laminates are mostly used in the body panels of aircraft.

Describing the limited edition Mustang, Sports Car Market publisher Keith Martin said that the Iacocca Mustang has all the markings of a vehicle that collectors will want to add to their displays in the future. He described the Iacocca Mustang’s appearance as “stunning,” and praised the vehicle’s exceptional performance.

Given the car’s potential, Martin said, the price tag at which the car was offered was nothing but “reasonable.” The limited edition Mustang earned its nickname because of its body finish (Iaccoca silver). Aside from being stunning in appearance, the Iacocca Mustang is also very light – each part of the vehicle has been painstakingly tuned in an autoclave.

The hand-crafted roots of the Iaccoca Mustang extend to the furnishings of the exterior. A jeweler in the Gaffoglio Family Metalcrafters team worked on the custom-built hood crest. The Mustang emblems found through the body have been hand-crafted as well, while aluminum and chrome plates have been used to adorn the front and rear wheels, as well as the wheel caps.

Of course, what’s under the hood totally matters, even in a limited edition like the Iacocca Mustang. A 300-hp naturally aspirated 4.6-liter Ford V8 provides the bulk of the vehicle’s power output. However, this can be enhanced with either a Ford Racing 85mm cold air kit, and a Ford Racing supercharger.

The cold air kit raises the engine’s power to 320 hp, while the supercharger brings in an additional 100 hp for a supercar performance. Whatever the option the customer picks, it is covered with factory warranties and a 5-speed manual transmission. Aside from performance, comfort and convenience make up the rest of the Iacocca Mustang’s offerings.

Luxurious design adorns its interiors, made up of Iacocca Diamond Design leather seats, and a leather-wrapped steering wheel. Other interior features include aluminum door sill plates with Iacocca badges and a signature dash plaque bearing the car’s serial number in the limited series.

Aside from the Gaffoglio Family Metalcrafters, other entities and people that collaborated for the Iacocca Mustang are Lee Iacocca, and well-known designer Michael Leone. The 45 units were sold exclusively by Galpin Ford.

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