Indy 500 Pace Car Double Shot: 1993 Chevrolet Camaro Z/28 & 1994 Ford Mustang SVT Cobra Convertible

  • November 09, 2021
The Rundown
  • Awesome 2-Car Package Deal
  • Rarity: '1 of 645' Camaro & '1 of 1,000' Mustang Cobra Indy Pace Cars
  • Definitive Pairing of Chevy & Ford 1990s Muscle Car Rivals
  • 275hp 350ci Chevy LT1 Z/28 & 240hp 351ci Mustang SVT Cobra
  • Both Beautifully Preserved w/ Low Mileage Under 5k
Why We Like It

From launch, Ford’s ultra-successful Mustang and Chevrolet’s Camaro duked it out on the showroom floor and on the racetrack in a neck-and-neck battle that continues today. The late-1980s and early-1990s witnessed a war not seen since 1970 between the two pony cars and as the proud buyer of a brand-new and businesslike 1988 Ford Mustang 5.0 LX hatchback in late 1987, this Zereo260 contributor enjoyed the ‘Second Muscle Car Era’ directly, with many war stories to tell today. Continuous development yielded the 275hp LT1 Z/28 Camaro by 1993 and the engineering wizards at Ford’s SVT (Special Vehicle Team) unleashed the hot 1993-‘94 Mustang SVT Cobra, complete with ‘GT40’ cylinder heads nearly in lockstep with their crosstown archrivals.

Indy 500 Pace Car Double Shot: 1993 Chevrolet Camaro Z:28 & 1994 Ford Mustang SVT Cobra Convertible00R0R jlvMidKraOHz 0x20oM 1200x900

Sporting 240 factory-rated horses, the first SVT Cobra was a revelation with its 5.8L V8 engine and well-tuned suspension. The 275hp Z/28 offered somewhat higher performance numbers and upped the early-1990s horsepower race. While those power ratings might sound quaint and somewhat humble today, consider how few of today’s drivers have approached 150mph flat out in one of these cars, with serious power, response, and handling to match. Jim Perkins, Chevrolet General Manager, drove the 1993 Indy Pace Car Z/28 and former Indy 500 Champion Parnelli Jones piloted the Mustang at the Brickyard for 1994. Notably, neither car required modifications to handle Pace Car duties, other than the understandable safety equipment.Indy 500 Pace Car Double Shot: 1993 Chevrolet Camaro Z:28 & 1994 Ford Mustang SVT Cobra Convertible00M0M 93dg5SeGaiWz 0x20oM 1200x900

Indy 500 Pace Car Double Shot: 1993 Chevrolet Camaro Z:28 & 1994 Ford Mustang SVT Cobra Convertible00p0p 8m2p0b02Dzhz 0x20oM 1200x900

This unusual 1993/1994 Indianapolis 500 Pace Car Edition offering includes a “1 of 645” 1993 Chevrolet Camaro Z/28 (with quite possibly the best interior of any car ever) and “1 of 1,000” 1994 Ford Mustang SVT Cobra Convertible, fit for any collector today who owned or lusted after these very credible American performers when they were new. According to the Seller, the Camaro is Car #557 of the 645 made and has less than 5k miles. The Mustang is reportedly Car #755 of the 1,000 produced and shows less than 5k miles as well. Both look fabulous in the online photos posted, consistent with their low seller-stated mileage.

Valuation Verdict

According to Hagerty’s valuation tables, a #1 1993 Chevrolet Camaro Indianapolis 500 Pace Car should bring about $24k with T-tops and a 1994 Ford Mustang SVT Cobra Indianapolis 500 Pace Car Edition convertible should command about $37k, leading us to call this wonderful offering of 1990s performance icons truly ‘Well-Bought’ if they sell at or near the seller’s ask.

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