The King Cobra was a hatchback-only model with the 5.0L engine, standard four-speed manual transmission, power brakes, and power steering. The $1,253 KC treatment did without the customary bodyside striping of the Cobra II, but sported a unique tape layout featuring a giant snake decal on the hood and pin-striping on the greenhouse, deck lid, wheel lips, rocker panels, belt, over the roof area, and around the side windows. Up front was a tough-looking air dam.
A "King Cobra" nameplate went on each door and the back spoiler, and a "5.0" badge appeared on the rear-facing hood scoop. The King Cobra also had rear-quarter flares, a black grille and moldings, and color-keyed dual sport mirrors. Raised white-letter tires rode lacy spoke aluminum wheels with twin rings and a Cobra symbol on the hubs.enthusiasts snapped up 4,318 of them.
Check out this Mustang Cobra Decoder page on line. Rare, rare car.
http://mustangattitude.com/cgi-bin/statsexplorer.cgi?year=1978&f1=cobrastyle+cobranpopbody+cobraclrpaint+cobradtengine+cobravinmatrix+cobradataplate+cobraprice
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