1973 brought the last year of the "big" Mustang. It was to be replaced by a smaller, lighter breed, therefore, most of the changes for '73 were merely cosmetic. A large, square, chrome headlamp bezel appeared, as did chrome trim around the tail lights. A color keyed Urethane front bumper replaced the chrome units of the previous years. The front parking lights were now placed vertically in the front grille. A new, grained, black applique with bright trim was placed on the rear body panel between the tail lights. This was replaced with a honeycomb style on the Mach 1 and Grande models.

There were a total of 134,867 Mustangs produced in 1973.

This particular example is finished in bright red, with black interior. It has been in the hands of its current owner since 1995 and minor flaws include a few fleabites on the body small exhaust leak and small cracks on the inside panels, which are showed on the pictures.