1994–2004 Ford Mustang: The Fourth Generation (SN-95, New Edge, Cobra, Bullitt)

Overview

The SN-95 and New Edge Mustangs brought the pony car into the modern era with new safety, comfort, and performance features. This generation is known for its bold styling and special editions.

Generation Details

  • Years Produced: 1994–2004
  • Code Names/Nicknames: SN-95, New Edge, Cobra, Bullitt, Mach 1
  • Platform: SN-95 (Fox-4)

Quick Reference Chart: Fourth Generation Mustang

Model YearsBody StylesEngine Options (hp)Transmission OptionsNotable Trims/PackagesOil Capacity (qt)Trans Fluid (qt)Coolant (qt)Rear Axle (qt)
1994–1998Coupe, Convertible3.8L V6, 5.0L V8 (’94–’95), 4.6L V8 (’96+)5-spd, 4-spd autoGT, Cobra4.0–5.03.0 (T-5)12–142.0
1999–2004Coupe, Convertible3.8/3.9L V6, 4.6L V8, 5.4L V8 (Cobra R)5-spd, 4-spd auto, 6-spd (Cobra R)Bullitt, Mach 1, Cobra, Cobra R4.0–6.03.0 (T-45/TR3650)14–162.0

Unique Features & Options

Body Styles

  • Coupe, Convertible
  • Special editions: Bullitt, Mach 1, Cobra R

Engine & Performance

  • First American car with dual airbags standard (1994)
  • 2003–2004 Cobra: Supercharged 390 hp, hand-built engine
  • 2000 Cobra R: 5.4L V8, no rear seat, only 300 made

Notable Packages

  • Bullitt (2001): Highland Green, unique intake, suspension
  • Mach 1 (2003–2004): Shaker hood, 305 hp
  • Cobra R: track-focused, rare

Pop Culture & Movies

  • Romy and Michele’s High School Reunion (1997): yellow SN-95 convertible

Rare & Fun Facts

  • 2001 Bullitt’s exhaust tuned to mimic the movie car’s sound
  • 2003–2004 Cobra (“Terminator”) used a hand-built engine
  • 2001 Bullitt: first Mustang with subframe connectors from the factory

Maintenance & Fluids Chart

Engine/TransOil Capacity (qt)Trans Fluid (qt)Coolant (qt)Rear Axle (qt)Spark Plug Gap (in)
3.8L V64.03.0 (T-5)122.00.054
4.6L V85.03.0 (T-45/TR3650)142.00.054
5.4L V8 (Cobra R)6.03.0 (T-56)162.00.054
4R70W Auto13.9 (total)

Why the SN-95/New Edge Mustang Still Matters

The SN-95 and New Edge Mustangs are modern classics, offering a blend of retro style, modern safety, and performance. Special editions like the Bullitt and Cobra are highly collectible and beloved by enthusiasts.

Download the 1994–2004 Mustang Workshop Manual

Get OBD-II diagnostics, performance mods, and rare build codes. Essential for any SN-95 or New Edge owner.

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