The 1993 Ford Mustang would be the last of the third generation of Mustangs, which had been started by the 1979 model. At the beginning of the generation, the Ford Mustang had sat comfortably ahead of the Chevrolet Camaro and Pontiac Firebird in terms of sales and power, but by the end, the Camaro had become a better product with a more powerful engine line.

For the last iteration of this generation, Ford released a new Cobra with an engine tuned to compete with the IROC. The 302-ci V8 had more efficient intake and flow and produced 235 horsepower at 5000 rpm. It received accolades for being the quickest to start as well as quickest to stop Mustang ever produced.