racing.ford.com/enthusiasts/collector-vehicles/svt/cobra-1996/

The major change for the 1996 SVT Mustang Cobra was the move to a 
brand-new, unique powertrain a hand-assembled, all-aluminum dual 
overhead cam (DOHC) 4.6-liter V8 rated at 305 horsepower. With its 
high-revving characteristics, the Modular engine was worlds apart from 
the venerable 5.0 small-block and ushered the SVT Cobra into a new era 
of modern performance. The engine change brought about a 65-hp increase 
over the previous year, good for a 0-60 mph time in 5.9 seconds, the 
quarter-mile in 13.9 and a top speed of 152 mph. To enhance the 
exclusivity of the Cobra Coupe, a unique high-tech, color-shifting paint 
dubbed "Mystic" was offered, with a one-time run of just 2,000 "Mystic" 
Coupes produced.

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http://themustangsource.com/timeline/94-98/96/index.htm

1996 was the first year for the 4.6L Modular V-8. The GT model was a 
SOHC at 215 horsepower, and the Cobra model was a 32-valve DOHC at 305 
horsepower. Taillights in 1996 were changed to a vertical tri-cell 
design more like first generation Mustangs. The V-6 Mustangs got 150 
horsepower--up five from the previous two years.

Bright Tangerine was a limited-run color in 1996. Only 829 were 
produced, and all were GTs. Visit the Yellow Mustang Registry for more 
info on Tangerine 'Stangs.

SVT Cobras came in four colors: Laser Red, Crystal White, Black, and 
Mystic. Mystic was a color-changing paint. Depending on the angle of the 
light, the cars could look green, purple, or bronze. Mystic is an 
expensive color. A bottle of touch-up paint is $35, and can only be 
obtained through licensed SVT dealers. The reason for the markup is that 
Mystic was developed by BASF, and the green used to make it is the same 
green used to make U.S. paper currency. Visit MysticCobra.net for more 
information.

  Engines:
3.8L 	V-6 	150 hp 	Standard
4.6L 	V-8 	215 hp 	GT
4.6L 	V-8 	305 hp 	Cobra

  Prices:
Convertible, standard 	$21,060
Convertible, GT 	$23,495
Convertible, Cobra 	$27,580
Coupe, standard 	$15,180
Coupe, GT 	        $17,610
Coupe, Cobra 	        $24,810

  Production:
Convertible, standard 	15,246
Convertible, GT 	17,917
Convertible, Cobra 	 2,510
Coupe, standard 	61,187
Coupe, GT        	31,624
Coupe, Cobra        	 7,496
Total 	               135,980

  Vehicle Identification Numbers:
1FA 	Ford Motor Co.
L 	Restraint System (L-air bags and active belts)
P 	Passenger Car
40 	Body code for coupe (42-coupe GT, 44-convertible, 45-convertible 
GT)
W 	Engine code (4-Standard, W-GT, V-Cobra)
6 	Check digit which varies
T 	Model year (X-1996)
F 	Assembly plant (F-Dearborn)
000001 	Consecutive unit number

Example: 	1FALP40W6TF000001

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http://www.1996mysticcobra.com/

Only 2,000 1996 Ford Mustang Mystic Cobras were ever made.

An estimated 1,351 are still on the highway.

617 have been accounted for by Mystic build number.

This is the place to see them!

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http://www.svtregistry.com/