Here’s how much the 2024 Ford Mustang will cost
Although you won’t be able to get your hands on one until this summer, the 2024 Ford Mustang is already generating a lot of anticipation. Now, we finally know how much the various trims will cost. Prices are up, which shouldn’t come as a surprise especially in light of today’s new-car market. Here’s the breakdown, along with how its prices stack up to its main competitors.
The base Mustang is a 315-hp Ecoboost fastback, which wears an MSRP of $30,920. Adding on $1395—what Ford currently charges in destination fees—gets us to $32,315, up from the $29,165 entry price for the outgoing-generation 2023 model. (We’ll include that assumed destination price in all MSRPs until we learn otherwise.) That puts Ford’s entry-level pony car as the most expensive in the herd, just nosing out the $32,140 entry price for a Dodge Challenger SXT and well above the $27,495 Chevy charges for the 2.0-liter turbo Camaro 1LS or the $29,390 it asks the 335-hp V-6 1LT model.
Next up, the Ecoboost Premium adds creature comforts (like wireless charging and approach lighting) and lands at $37,840, an increase of $3650 over the current Ecoboost Premium. A drop-top version of the Ecoboost Premium starts at $43,340, a significantly pricier proposition than the Camaro’s entry convertible (which stickers for $34,295) but still better than a Dodge Challenger convertible … which doesn’t exist from from the factory.
If four-cylinders aren’t your thing, perhaps a Coyote-powered pony is the right call. The 480-hp Mustang GT starts at $42,890, up from 2022’s price of $39,740. Again, that makes Mustang the most expensive entry in the V-8 pony car market, with the Camaro LT1 at $37,775 and the Challenger R/T at $40,980. To be fair, the Camaro SS is a better comparison and it starts at $41,295. Likewise, the best match for a GT from the Mopar camp is likely the 392-powered R/T Scat Pack which starts at $48,440 (including $1000 gas-guzzler tax). The GT Premium trim also includes the 480-hp V-8 but adds Brembo brakes and 19-inch wheels, aluminum pedals and door sill plates, and the option to purchase an active-valve exhaust system that won’t tick off your neighbors on cold mornings. It starts at $47,410. If you’d like a convertible GT, it’s only available on the GT Premium. Add on an additional $5500 for the top-down experience.
Finally, we have the Mustang Dark Horse that tweaks the 5.0-liter Coyote V-8 to 500 hp and adds MagneRide suspension, a Tremec six-speed manual, and a host of options that make it more track-capable while looking fantastic. It starts at $59,365, just a tick more than its current counterpart, the $57,965 Mach 1. Its best Camaro counterpart is likely the SS 1LE, which also comes with MagneRide. Equipped with the optional track performance pack, its MSRP comes to $52,795.
In this new, seventh-generation Mustang (chassis code S650), buyers will get the freshest pony-car interior on the market and a thoroughly revised exterior design. Whether or not it’s a bargain is yet to be determined, however; we’re waiting just like everyone else to get our chance to experience the seventh-generation Mustang first-hand.
For comparison my 2008 GT Premium manual all options except glass roof stickered around $34K. They didn’t have as many options then…
I love Mustangs but prices increases are crazy. Hoping used car market continues to fall as do not plan on paying new car pricing any time soon.
The price increase is not an apples-to-apples comparison with the current model. The article didn’t mention that there is additional content standard on the upcoming model that makes up half or more of the price increase. While it could be argued some may have preferred not to opt for those now-standard items, more than likely the take rate for those items on the current model was already very high. The bottom line is the new Mustang will cost more in real dollars but much of that is returned in features and not just mark-up.
I’ll keep my 2016. I don’t like the direction Ford is taking the Mustang ………………………
I love Mustangs, but I’d take a Camaro over any 6th or 7th gen (really just a tarted up 6th gen) Mustang. I’m not really a fan of any post S197 Mustang. I just never got into the styling.
Me too, I love my 2014 and wouldn’t trade for a later model.
Me either, they look like a catfish to me.
Catfish, huh? I always thought the latest Mustangs looked more sharklike, which I find ironic given the car’s equestrian name.
All of this interesting and while I love muscle cars we are living in weather events from hell. Snow storms in Cali and other parts that bog down with only small snow cover or rain. The real winner here for most is the all wheel drive Dodge challenger , soon to be defunct. While only available with a v6 from the factory, there are numerous tuner options that will bring power level to the equal or better than the v8. The world and weather is changing weather or weather (pun intendant)we like it or not.
I have a hard time paying almost $60k for a really nice GT model.
Nissan Versa (base model under 16k). 4 wheels and a motor. That’s what it’s come to sadly. If I want some driving excitement I can spray the rotors with WD40.
I`ll stick with my 68 Mustang !
I’ll also hang onto my 2017 GT Premium with the Performance Package. We purchased this on sale at the Auto Nation in Westlake, OH in September of ’17 for $36K and some change. I’ve done some additional suspension modes, 19″ x 11″ wheels, camber plates, stiffer, lower springs, rear diff cooler, and auxiliary engine oil cooler and I’ll tell you, on the track it’s a beast! So for an additional $10K in addons, I don’t see myself “ponying up” the cash for the new model.
Too expensive
thanks God I own a 2008 Bullitt… never will trade the Bullitt for a new Mustang.. the 2005-2009 S197 are the real retro Mustangs. My opinion