Ford Australia Falcon EA-EL (1988)Sicnag, CC BY 2.0, via Wikimedia Commons

Ford Australia Falcon EA-EL EB GT 5.0 V8

1988 — Australia

Modern Classic (1986-2000)SedanV8 EngineUnder $50k ClassicsBarn Find Candidates
Engine4,942 cc V8 OHV
Power220 hp
Torque300 lb-ft
Transmission4-speed automatic (BTR)
DrivetrainRWD
Body StyleSedan
Weight3,505 lbs
0–60 mph7.2 sec
Top Speed143 mph
BrakesDisc / Disc
SuspensionIndependent, MacPherson strut, coil springs / Independent, multi-link, coil springs

Ford Australia Falcon EA-EL EB GT 5.0 V8

The Ford Falcon EB GT of 1992 marked the triumphant return of the legendary GT nameplate to the Australian Ford Falcon lineup after a hiatus stretching back to the final XC Cobra of 1978. Built on the thoroughly modernized EA platform that had debuted in 1988, the EB GT represented a fundamentally different approach to the Australian performance sedan compared to its muscular predecessors.

Under the bonnet sat Ford's venerable 5.0-liter Windsor V8, now equipped with electronic fuel injection producing 220 horsepower and 300 lb-ft of torque. While these figures were modest compared to the legendary GTHO Phase III, the EB GT benefited from a chassis that was light-years ahead of the crude live-axle setups of the 1970s. The EA platform introduced fully independent rear suspension to the Falcon range, and the GT received uprated springs, dampers, and anti-roll bars to exploit this advantage.

The EB GT was paired exclusively with the BTR 4-speed automatic transmission, a decision that drew some criticism from purists who longed for a manual option. However, Ford justified this by pointing to market research showing the overwhelming majority of V8 Falcon buyers preferred automatics. The result was a car that combined effortless cruising ability with genuine performance when the throttle was opened.

Visually, the EB GT was distinguished from lesser Falcons by its unique front bumper with integrated driving lights, body-colored side skirts, a rear spoiler, and GT-specific 15-inch alloy wheels. The interior featured supportive sports seats with GT embroidery, a leather-wrapped steering wheel, and comprehensive instrumentation including oil pressure and voltage gauges.

The EB GT arrived at a pivotal moment in Australian automotive history. The Falcon was locked in its eternal battle with the Holden Commodore, and the GT badge gave Ford a valuable marketing weapon. Though production numbers for the GT specifically were never officially separated from overall EB V8 production, the model was relatively exclusive due to the premium pricing over standard V8 Falcons.

Today, the EB GT is increasingly appreciated as a modern classic that bridges the gap between the raw muscle of the XR-XC GT era and the sophisticated performance of later FPV models. Clean examples with documented history are beginning to appreciate in value as collectors recognize the model's significance in the Ford Australia story.

$15,000 – $40,000

Check for rust in the rear wheel arches and lower door skins. BTR automatic transmissions can be fragile under hard use. Ensure the 5.0 V8 is not burning oil, as worn valve guides are common at high mileage. GT-specific body kit pieces and interior trim are difficult to source.

The EB GT was produced from 1992 to 1993 before being replaced by the ED GT variant. It was the first Falcon to carry the GT badge since the XC Cobra of 1978.