Ford Australia Falcon FG

vs

Ford Australia Falcon FPV GT

Australia vs Australia — 1998 vs 2002

Ford Australia Falcon FG (1998)
Ford Australia Falcon FPV GT (2002)
Specifications
Falcon FG GT-F 351Falcon FPV GT GT-P 5.4 V8
Horsepower462 hp421 hp
Torque457 lb-ft420 lb-ft
Engine Size5,000 cc5,409 cc
0-60 mph4.3 sec4.8 sec
Top Speed168 mph168 mph
¼ Mile12.3 sec13.0 sec
Weight3,968 lbs4,034 lbs
Wheelbase2,830 mm2,831 mm
Length4,941 mm4,945 mm
Units Produced550
Value (Excellent)$150,000$80,000
Collectibility9/107/10
Rarity8/105/10
The Verdict

This matchup is remarkably close. The 1998 Ford Australia Falcon FG GT-F 351 offers quicker acceleration, stronger collectibility, while the 2002 Ford Australia Falcon FPV GT GT-P 5.4 V8 counters with better value. Neither holds a decisive advantage, making this a true enthusiast's dilemma. Your choice ultimately depends on which driving philosophy resonates more with you.

Overview

The Ford Australia Falcon FG lineage tells a fascinating story of automotive evolution. Comparing the 1998 Ford Australia Falcon FG GT-F 351 with the 2002 Ford Australia Falcon FPV GT GT-P 5.4 V8 reveals how Ford Australia refined and reimagined one of its most important nameplates over the years. The 1998 Ford Australia Falcon FG GT-F 351 holds a clear advantage in raw power with 462 hp compared to 421 hp, a 41-horsepower difference that shapes the driving experience. Under the hood, the contrast is notable: the Ford Australia Falcon FG uses a V8 Supercharged DOHC 32V displacing 5,000 cc, while the Ford Australia Falcon FPV GT relies on a V8 DOHC Supercharged with 5,409 cc. In the sprint to 60 mph, the 1998 Ford Australia Falcon FG GT-F 351 edges ahead at 4.3 seconds versus 4.8 seconds. On the collector market, the 1998 Ford Australia Falcon FG GT-F 351 commands a significant premium over the 2002 Ford Australia Falcon FPV GT GT-P 5.4 V8, reflecting differences in prestige and rarity. From a collectibility standpoint, the 1998 Ford Australia Falcon FG GT-F 351 rates higher among enthusiasts and auction houses.