The '65 Mustang Convertible was designed by Larry Wood. It's based on the revolutionary first-generation Ford Mustang convertible, a car that defined the "pony car" class.
This casting debuted in 1984. The model number 5908-l corresponds to this first release. The "WW" designation for its wheels stands for "White Walls," a common feature on mainline cars of that period.
The 1984 release came in red with a simple pinstripe tampo on the sides. It features a metal body and, on early releases, a metal chassis, which was later changed to plastic. The casting accurately captures the classic lines of the '65 Mustang.
Hot Wheels has an extensive history with Mustangs. This convertible casting is a counterpart to the '65 Mustang fastback and coupe versions. Many other Mustang generations and styles, like the Boss 302 and Shelby GT500, have also been cast.
Over the years, it has been released in dozens of color and tampo variations. A notable version was part of the 1991 mainline series in white with blue stripes. It has been featured in various 5-packs and playset releases.