How Much a 1948 Ford Truck Is Worth Today

Most 1948 Ford F-1 pickups sell between $15,000 and $45,000 today, depending on condition and originality; driver-quality trucks often trade around $15,000–$25,000, well-restored originals run roughly $35,000–$60,000, truly show-quality examples can reach $60,000–$80,000+, and high-spec restomods frequently command $70,000–$150,000. Values for heavier-duty F-2/F-3 models are typically a bit lower than comparable F-1s, while rarer body styles (panel, COE) and exceptional provenance can push prices higher. These ranges reflect U.S. market activity reported by major guides and auction data through 2025.

Why the 1948 Ford Matters

Introduced as the first model year of Ford’s “Bonus-Built” F-Series, the 1948 trucks launched a lineage that continues today. The half-ton F-1 is the most commonly collected variant, typically equipped with either the 226-cubic-inch inline-six or the 239-cubic-inch flathead V8 and a 3-speed manual. Collectors prize originality, solid bodies, and authentic restorations—while a separate audience pays premiums for tasteful, expertly engineered restomods with modern power, brakes, and air conditioning.

What Drives the Price

Several tangible factors consistently influence the value of a 1948 Ford truck. Understanding these will help set realistic expectations and avoid over- or under-valuing a specific example.

• Condition and completeness: Rust, bodywork quality, frame integrity, and whether trim and hard-to-find parts are present.
• Originality: Numbers-appropriate engines (226 I6 or 239 flathead V8), period-correct finishes, and factory-style interiors typically bring premiums.
• Restoration quality: Documented, photographically backed restorations from reputable shops command stronger prices.
• Modifications: Safe, professional restomods can be worth significantly more than stock—if executed to a high standard; budget builds often do not recoup costs.
• Body style and model: F-1 half-tons are the most liquid; heavier F-2/F-3 models may sell for less; panel deliveries and COE trucks can bring niche premiums.
• Documentation and provenance: Ownership history, original sales paperwork, and maintenance records add confidence and value.
• Color and presentation: Period-appropriate hues and clean detailing help saleability; incorrect or unpopular colors may suppress bids.
• Regional demand: Prices can swing by several thousand dollars depending on local supply, climate (rust), and collector interest.

Taken together, these elements determine where a truck falls within typical price bands and how quickly it will sell in the current market.

Typical Price Ranges by Condition (U.S., 2025)

The following bands reflect aggregated guidebook estimates and recent public sales for 1948 Ford F-1s; adjust modestly downward for F-2/F-3, and upward for rare body styles or exceptional provenance.

• Project/non-running: $4,000–$12,000 (incomplete or rusty; major metalwork or drivetrain rebuild likely)
• Driver-quality, presentable: $15,000–$25,000 (sound driver with older repaint, some updates, imperfections acceptable)
• Good/#3 condition: $20,000–$35,000 (solid body, decent paint, tidy interior, mechanically sorted)
• Excellent/#2 condition: $35,000–$55,000 (quality restoration or very well-preserved original, strong mechanicals)
• Show-quality/#1 condition: $60,000–$80,000+ (fresh, highly accurate restoration with top-tier workmanship)
• High-end restomod: $70,000–$150,000 (modern V8, overdrive auto, disc brakes, A/C, custom paint/interior; premium parts and execution)

These ranges reflect market norms; outliers occur, especially for trucks with unique history, ultra-low mileage, or marquee build pedigrees.

What Recent Market Data Shows

Public auction and listing platforms have been consistent in recent years: well-restored, largely stock F-1s often close in the mid-$30,000s to mid-$40,000s; very fresh, highly correct restorations push beyond $50,000; and professionally built restomods with late-model V8s, upgraded chassis, and show-level finishes regularly exceed $80,000, sometimes crossing six figures. Aggregated pricing sites and major guides through 2025 corroborate these bands, with heavier-duty models trailing the F-1 for liquidity and price.

How to Value Your Specific Truck

If you’re buying or selling, a structured approach will yield the most reliable valuation.

1. Identify the exact model and body style: F-1 half-ton vs. F-2/F-3, pickup vs. panel/COE; confirm wheelbase and trim.
2. Document drivetrain details: Inline-six or flathead V8; originality and period correctness; transmission type and axle ratio.
3. Assess condition honestly: Frame, cab corners, floor pans, bed, and lower fenders; paint quality; interior completeness.
4. Compile records: Restoration invoices, photo logs, receipts, ownership history, and any judging sheets.
5. Find comparable sales: Look at recent sales of similar-spec trucks in similar condition, not just asking prices.
6. Consider a professional appraisal: Particularly helpful for insurance agreed-value policies or high-end builds.

Applying these steps will narrow the price to a realistic window and help justify your figure to buyers, sellers, or insurers.

Restoration Costs vs. Buying Finished

Classic trucks often cost more to restore than to buy already completed. Here’s where budgets typically go for a 1948 Ford.

• Body and paint: $10,000–$30,000+ (rust repair, panel fit, quality materials and finish)
• Engine/transmission rebuild: $4,000–$10,000 (flathead V8 or I6; machining and parts availability affect cost)
• Suspension, steering, brakes: $2,000–$6,000 (stock refresh; more for disc-brake or chassis upgrades)
• Interior and trim: $2,000–$6,000 (seat, headliner, gauges, rubber, glass)
• Chrome and brightwork: $2,000–$7,000 (bumpers, grille, handles, emblems)
• Electrical: $1,000–$3,000 (harness, lighting, gauges; 6V to 12V conversions add cost)
• Labor contingencies: Highly variable; complex metalwork or show-level finishes can double totals

Because a full, correct restoration can exceed market value, many buyers opt for already-sorted drivers or completed restorations—unless building for personal enjoyment or a custom restomod specification.

Market Outlook

Postwar American pickups remain in steady demand, with the 1948 F-1 benefiting from its first-year status and broad parts support. Prices have been generally stable to slightly up in recent years, with the strongest appreciation at the top end for best-in-class restorations and well-engineered restomods. Original, rust-free survivors are increasingly scarce, supporting premiums. Broader economic conditions and fuel prices can modulate demand, but liquidity for mainstream, correctly priced F-1s remains solid.

Summary

As of 2025, most 1948 Ford F-1 pickups are worth $15,000–$45,000, with excellent restorations at $35,000–$60,000, show-caliber builds reaching $60,000–$80,000+, and top restomods at $70,000–$150,000. Heavier F-2/F-3 models typically trail the F-1 in value, while rarer body styles and standout provenance can boost prices. Accurately gauging condition, originality, and build quality—and comparing to current comps—remains the key to landing on the right number.

How much is a 1940 Ford truck worth today?

Typically, you can expect to pay around $27,450 for a 1940 Ford Model 01C 1/2 Ton in good condition with average spec.

How much is a 1948 Ford truck worth?

Typically, you can expect to pay around $23,950 for a 1948 Ford F-1 1/2 Ton in good condition with average spec.

What is the most sought after old Ford truck?

1. 1997 Ford F-150. The 1997 Ford F-150 introduced a complete redesign with a more aerodynamic look, coil spring front suspension, and improved ride comfort. It marked the shift to a new design era, making it one of the most searched trucks among fans who appreciate its mix of modern features and strong performance.

How much is a 1949 Ford truck worth?

Typically, you can expect to pay around $23,950 for a 1949 Ford F-1 1/2 Ton in good condition with average spec.