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2024 Ford Mustang pricing and specifications

Pricing for the Ford Mustang has bolted past the $100,000 mark for a new flagship model, while cost of entry to the iconic sports car has increased by nearly 25 per cent to offset higher spec levels.

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Snapshot

  • Prices increase by up to 24% but increased specification for EcoBoost and GT
  • New Dark Horse flagship from $99,102 RRP; 1000-unit ‘special edition’
  • On sale now with deliveries from Q2 2024

Ford Australia today confirmed prices for the seventh-generation ‘S650’ Mustang, which will go on sale in the second quarter of 2024 – the year that marks 60 years of America’s sports car icon.

The base Mustang now starts from $64,990 before on-road costs and is no longer available with a manual transmission with the 232kW/475Nm 2.3-litre turbo four-cylinder engine. That’s an increase from the previous $52,590 EcoBoost manual or $55,590 EcoBoost auto.

The mid-range GT that’s again powered by a 5.0-litre V8 is now priced from $77,002 for a Getrag six-speed manual coupe, an increase of nearly $12,000.

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The auto version costs from $80,902, and the only convertible in the new Mustang range – the GT Convertible auto – is $86,752 before on-road charges.

Ford’s new (non-Shelby) hero variant is the Dark Horse, which features various upgrades over the GT, including a slightly more powerful but also strengthened version of the ‘Coyote’ V8 and tougher Tremec six-speed manual.

As Wheels speculated in July, the first all-new Mustang grade since the 2001 Bullitt hits six figures – starting from $99,102 before on-road costs for the Dark Horse six-speed manual or from $103,002 for the Dark Horse with 10-speed auto.

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The Dark Horse will be a limited-edition model, with 1000 units allocated to Australia. All Mustangs for Australia incorporate several features optional in some other markets, including Ford’s domestic US market.

These include an active valve performance exhaust with four modes, large Brembo brakes, larger radiator and more powerful cooling fans.

GT models add an auxiliary engine oil cooler and as standard sit on 19-inch Carbonised Grey wheels that are part of an optional GT Performance package in the US.

Australian Mustangs will also incorporate a brand new ‘Drift’ Brake feature that, via a Track Drive Mode, turns the electronic park brake lever into an oversteer tool for track days.

Australia's V8 models have less power than their US counterparts. The Dark Horse, for example, produces 349kW rather than the 373kW (500hp) across the Pacific.

According to Ford Australia, Australia's V8 Mustangs feature "a different exhaust manifold and calibration to suit different noise and emission regulations, while US and ECE rating procedures are also different."

The company added that, apart from the exhaust manifold, the engine hardware was identical.

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2024 Ford Mustang pricing
EcoBoost Fastback auto $64,990
GT Fastback manual $77,002
GT Fastback auto $80,902
GT Convertible auto $86,752
Dark Horse manual $99,102
Dark Horse auto $103,002
All prices exclude on-road costs.
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2024 Ford Mustang EcoBoost – key standard features
‘Fastback’ coupe body style onlyB&O Sound System
2.3L turbo 4-cylinder with 232kW and 475Nm12.4-inch customisable digital driver display
Multi-mode exhaust system with Quiet mode13.2-inch infotainment touchscreen
Brembo brakes: six-piston front with 390mm rotors, four piston rear with 355mm rotorsTrack Apps inc Line-Lock mode
‘Drift’ Brake
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2024 Ford Mustang EcoBoost options
Magneride adaptive suspension$2950/$3835*
EcoBoost Appearance Pack$1500
Black Pack$1500/$1950*
Prestige paint (Oxford White or Race Red only standard colours)$700
Recaro sports seats$2950/$3835*
*Higher option cost when Luxury Car Tax applicable
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2024 Ford Mustang GT – key standard features above EcoBoost
‘Fastback’ coupe or convertible body styles19x9-inch front, 19x9.5-inch rear alloy wheels
5.0L V8 with 345kW and 550Nm
2024 Ford Mustang GT options
Magneride adaptive suspension$2950/$3835*
Black Pack$1500/$1950*
GT Appearance Pack$1500/$1950*
Prestige paint (Oxford White or Race Red only standard colours)$700
Recaro sports seats$2950/$3835*
*Higher option cost when Luxury Car Tax applicable
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2024 Ford Mustang Dark Horse – key standard features above GT
‘Fastback’ coupe body style only19x9.5-inch front, 19x10-inch rear staggered alloy wheels
Strengthened 5.0L V8 with 349kW and 548NmBrembo six-piston front brakes with 390mm rotors
Tremec 6-speed manual (or 10-speed auto)Leather-wrapped flat-bottom steering wheel with microsuede inserts
Torsen rear differentialAnodised silver paddleshift levers (auto)
Dedicated suspension tuningBright Indigo Blue accent stitching, blue seatbelts
MagneRide adaptive suspension
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2024 Ford Mustang Dark Horse options
Prestige paint (Oxford White or Race Red only standard colours)$700
Dark Horse Appearance Package (available with exclusive Blue Ember, Shadow Black or Vapour Blue exterior colours)$2750/3575*
Recaro sports seats$2950/$3835*
*Higher option cost when Luxury Car Tax applicable

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