Ford brings back the Mustang Cobra name for 2027 with a V8 teaser

Ford Racing confirmed on Nov. 10 that the Mustang Cobra returns in 2027. The announcement is a sound teaser: a V8 revving through the gears, plus a line of text. evo reports the badge comes back after a 22-year hiatus, since the last Mustang SVT Cobra.

The teaser text reads, in part, "For the drivers, with an all-motor heart born from racing." Road & Track says the shifts in the clip suggest a manual transmission, but Ford has not confirmed that.

The video also picks out the letter R in blue. Carscoops reads that as a hint that a Cobra R may follow. Ford has not said so.

Ford has left the big questions open

Ford has not shared a power figure, a price, a photograph or a reveal date. Engine details and on-sale timing are also open, and a US price is not known.

Carscoops points to the history the name inherits. The GT350, with its 5.2-liter naturally aspirated V8, made 526 hp, redlined at 8,250 rpm and was phased out after 2020. Ford's supercharged Mustangs today are the 795 hp Dark Horse SC and the 815 hp GTD, and Carscoops says neither offers a manual.

Carscoops also reports that Ford's licensing deal with Shelby ended a few years ago. Shelby now sells a Mustang of its own that it tunes and badges as a GT350.

Used Mustang prices have held steady

Buyers who want a V8 Mustang with a manual have only used and current cars to choose from for now. In listings we tracked through Nov. 10, 1,742 Mustangs were for sale, spanning model years 2016 to 2026, with a median asking price of $43,700. The cheapest Mustang asks $22,700.

Asking prices for comparable Mustangs held steady between August and November 2026, and they sit 4% above December 2025. Cars typically leave the market in 47 days, and we rate the market balanced. Of the 1,742 listings, 561 rate as great or good deals against fair values in our Mustang price guide.

A white 2025 Mustang GT with 2,584 miles in Ogden, Utah, is listed at $36,995, about $10,000 under its fair value. It has been listed 101 days and was cut once, on Oct. 1, so it is worth asking for a lower price. In Woodbury, New Jersey, a blue 2024 Mustang Dark Horse with 3,811 miles asks $53,250, also about $10,000 under fair value, after 62 days.

Camaro prices are slipping

Asking prices for comparable Chevrolet Camaros fell 3.9% between July and November 2026. The 36 Camaros for sale, from model years 2017 to 2023, carry a median asking price of $67,200, and cars typically leave the market in 35 days in a market we rate warm.

A white 2022 Camaro ZL1 with 51,257 miles in St. Cloud, Minnesota, asks $55,317, about $6,500 under fair value.

Among the Porsche 911's 2,571 listings, asking prices for comparable cars slipped 0.9% between August and November 2026, and the median asking price is $170,000. Cars typically leave the market in 70 days.