Ford Falcon GT-HO Phase II sells for $500K

Australian muscle car prices are again booming in the final year of local manufacturing, with a duo of restored Ford Falcon GT-HO Phase II examples selling for $500,000-plus.

Chris Dent from Falcon GT Restorations confirmed to MOTOR that following the sale of a ‘surfer orange’ 1970 XW – in conjunction with the Muscle Car Sales retailer – for $500,000 last month, another ‘tru blue’ example with factory sunroof has now exceeded that figure.

Although rarer than these just-sold 1970 XW GT-HO Phase II examples, with only 300 produced, in 2007 a 1971 XY GT-HO Phase III sold for an astonishing $750,000 – eclipsing the previous record of $683,000 for a similar example sold earlier in that year.

Whether nostalgia for these Bathurst-conquering limited edition Australian muscle cars spurs pricing even further remains to be seen, although the October 20 end date of local manufacturing could spur along proceedings.