Rare 1978 Ford Falcon XC Cobra #349 – Up for Auction on Bring a Trailer

The 1978 Ford Falcon XC Cobra is one of Australia’s most iconic muscle cars, blending motorsport heritage with raw V8 power. Born from Ford’s triumph at the 1977 Bathurst 1000, this limited-production coupe pays homage to the legendary Allan Moffat and Colin Bond 1-2 finish. With only 400 examples ever built, each uniquely numbered, this rare machine is a true collector’s gem. Now, enthusiasts can bid on this classic as it heads to auction on Bring a Trailer.

This particular Falcon XC Cobra, chassis #349, was originally delivered new at Jubilee Motors in New South Wales. It is one of just 199 models powered by the 302 cubic-inch (4.9L) Cleveland V8, paired with a three-speed automatic transmission and a limited-slip differential. Factory options included power steering and air conditioning, making it both a thrilling and comfortable ride.

The signature color scheme of Snow White with Bold Blue and Light Blue striping flows across the body, extending to the front and rear spoilers, tail panel, and bumpers. Cobra fender decals and badging further reinforce its motorsport DNA.

Having made its way to the United States in 2003, this Falcon XC Cobra found its current owner in 2024. Over the years, it received performance upgrades, including an Edelbrock four-barrel carburetor, a Performer intake manifold, a Wade Camshafts custom-ground camshaft, and long-tube exhaust headers. More recently, the front suspension was refreshed, and new Hankook Kinergy ST tires were fitted on its iconic 15-inch Bathurst Globe alloy wheels. The car’s four-wheel disc brakes ensure solid stopping power.

Maintaining its right-hand-drive configuration, this Falcon Cobra sports an aggressive look with twin hood scoops, painted side mirrors, roll-down quarter windows, and a concave rear glass. The factory-issued New South Wales license plates remain intact, along with original styling elements like the dual exhaust outlets. Under the current ownership, part of the right side was refinished, though a small windshield chip is noted.

Interior: Retro Charm Meets Driver-Focused Design

Inside, the XC Cobra features black cloth bucket seats with blue-striped accents, complemented by a matching black dashboard, center console, and door panels. Amenities include air conditioning, a push-button radio, and three-point seatbelts for front passengers. A non-functioning Clarion cassette player sits beside the steering column, adding to the vintage aesthetic. A numbered plaque on the glovebox confirms its authenticity as car #349 in the production series.

Performance: Aussie V8 Power

Under the hood, the 302ci V8 delivers classic muscle car thrills, enhanced by performance modifications. The Edelbrock carburetor and intake manifold work alongside the custom Wade camshaft and tri-Y long-tube headers, all feeding into a dual exhaust system with a crossover pipe. The selling dealer notes slight exhaust smoke at startup, a common trait among older V8s.

Power is sent to the rear wheels via a three-speed automatic transmission and a factory-equipped limited-slip differential, providing smooth yet spirited acceleration.

Now Up for Auction on Bring a Trailer

This ultra-rare Falcon XC Cobra #349 is now being auctioned on Bring a Trailer, offering enthusiasts a chance to own a piece of Australian muscle car history. The sale includes a build sheet, an Australian Classic Car History Services report, historical documents, extra parts, and framed display pieces. It is being offered with a Washington title in the seller’s name, making it a ready-to-own classic.

With its rarity, performance pedigree, and Bathurst legacy, the 1978 Ford Falcon XC Cobra remains a must-have for collectors. Whether cruising the streets or showcased at a car meet, this Cobra is a head-turner with an unbeatable story. Don’t miss your chance to bid on this legendary machine!