1988 Mercury Cougar XR-7 For Sale: This Medium Scarlet Cat Has Had One Owner Since 1991

Driver front three-quarter view of red 1988 Mercury Cougar XR-7

As the last model year of the Fox Body Mercury Cougar got underway, personal-luxury coupes were still fairly popular; in fact, almost any manufacturer of a specialty vehicle today would be thrilled with the 1988 Cougar’s production total of 119,162 units. It’s also possible that fans of 1980s collector cars will be thrilled with this clean XR-7 that’s posted on Facebook Marketplace in Hales Corner, Wisconsin for $12,000. It’s not a low-mileage car (138,622), but it’s had the same owner since 1991 and has spent the last 25 years in storage.

1988 Mercury Cougar engine compartment with 5.0-liter V8

Unfortunately, that’s all the information we get in the Marketplace ad, which is not too unusual for a Marketplace ad, but we can fill in the gaps in the car’s specifications. For 1987, Mercury diverged from the Turbo Coupe’s formula of offering the turbocharged 2300 in its sportiest Cougar, replacing it with the Crown Vic-spec 5.0-liter V8, and the formula was the same for 1988. The 302 gained a partial dual exhaust system (it was more of a single-to-dual exhaust with two outlets), which raised the horsepower rating to 155 (from 150 in 1987). The AOD four-speed automatic was the only transmission available.

The engine was probably more fitting to the Cougar’s image, but the XR-7 still got some of the Turbo Coupe’s chassis tweaks, including the horizontal shock absorbers that were used on some Fox Fords to tame the rear end. Apparently, the 1988 Cougar XR-7 was the only one to get the big 8.8-inch rear axle (the rest had the 7.5-inch unit) with 10-inch rear drums and a slightly deeper 3.08:1 axle ratio (instead of a 2.73:1). Of course, the Turbo Coupe had rear discs and adjustable suspension, which weren’t available on the XR-7.

Red leather interior of 1988 Mercury Cougar XR-7

The interior of the XR-7 was luxurious, this example having “Preferred Equipment Group 266A,” which included intermittent wipers, AM/FM cassette stereo, tilt steering wheel, cruise control, rear window defroster, power windows, power locks, front floor mats, power driver seat, premium sound, and the luxury light group (which included lighted vanity mirrors, lighted door locks, an engine compartment light, a fancy dome lamp, and instrument panel courtesy lights). The luxury lamp group also included automatic headlights, dimmers, and cornering lamps. This car doesn’t have that feature, but the XR-7 came standard with cornering lamps anyway. The leather upholstery was an option.

Dashboard of 1988 Mercury Cougar XR-7

The XR-7 also got full analog instrumentation that was similar to the Turbo Coupe’s. It also got the Turbo Coupe’s steering wheel (with a “cat” logo instead of a bird).

Passenger-side profile view of red 1988 Mercury Cougar XR-7

Outside, the XR-7 was only available in three “monochromatic” color schemes, Medium Scarlet (seen here), Oxford White, and Black. The wheels were new as well, and instead of the 10-hole wheels found on the 1987 model, the 1988 XR-7 got the Mustang GT’s hard-to-clean wheels in either body color or the argent look seen here. Standard tires were Goodyear’s unidirectional “Gatorback” radials, which were no good in the snow at all; a performance-oriented tire might have been a misstep on the tamer XR-7.

As a person who spent his formative years driving a 1987 Thunderbird, I have to point out the one thing that I don’t really like about this bodystyle (can you guess based on this picture?). It’s that massive rear overhang, the outcome of putting a 200.8-inch-long car on a 104.2-inch wheelbase. I wonder if the Mark VII’s longer wheelbase would have helped enough to be worth the trouble.

passenger rear three-quarter view of 1988 Mercury Cougar XR-7

It probably wouldn’t be too much trouble to own one of these reliable, fairly simple old Cougars, especially one that seems to have been well-cared-for like this one. The website coolcats.net has broken down XR-7 production, and only 2,654 were Medium Scarlet with Scarlet leather seats, a combo that was rarer than either of the black or white combinations. Is it worth $12,000? Well, it’s been up for sale for over a week, so I’d say the selling price will be a little lower, but where will you find another if you’re a Cougar fan?

Related Reading

1987 or 1988 Mercury Cougar: Picking At An Open Wound (by Jason Shafer)