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The Ford The Mustang has always been recognized as a muscle car for the masses, the blue-collar sports car that common people like us can buy and enjoy on a whim. Compared to the poster cars that grace our bedroom walls, Mustangs are a plentiful and relatively affordable way to achieve driver’s car thrills. With a new generation on the horizon in a wild and polarizing world, however, it raises the question of how expensive the new is.
Unlike most generations of the Ford Mustang, this all-new iteration arrived after a brutal, post-COVID recession, plagued by inflation, gas prices higher than Burj Khalifa, and supply chains still trying to reel themselves in from parts shortages. And let’s not forget the range of tweaks and refinements Ford has made to their pony car to ensure it remains a dominant contender. So it won’t be a surprising revelation to say that these factors will influence the prices of the new Mustang in some way, but the question is how much.
There is no crystal ball prediction that will help us hit the nail on the head, but we believe in having a solid idea of how big the 2024 Ford Mustang really expensive. listen to us
What the New Ford Mustang Brings to the Table
The last two generations of the Ford Mustang, known as the “S197” and “S550,” were ground-breaking revolutions in one way or another. The S197 proved that modern-retro styling worked like an absolute blessing and a charm, becoming a resounding sales success and sparking a trend that would soon be taken over by the revived Challenger and Camaro. The S550 continues to transform the look of the Mustang with sharp, Euro-esque styling, along with a whole host of technological updates, such as revised infotainment systems and independent rear suspension.
The upcoming “S650” Ford Mustang is more than just an evolutionary skill. The new pony car honed the best features of the modern Mustang before Ford admitted it was time to bite the bullet and put internal combustion sports cars to rest. This includes a slightly more powerful, more efficient fourth generation of the popular Coyote 5.0-liter V8, further revisions to their ten-speed automatic and Getrag MT-82 manual, and various chassis tweaks to deliver sharper, more engaging driving experience.
Perhaps the most dramatic improvements come in overall refinement and subtle styling cues, delivered through a reborn interior with a love-it-or-hate-it digital cockpit. In addition, customization has been expanded for nuanced items such as colored interior accents and exterior styling packs, allowing people to build their own truly personalized Mustang.
While Ford has done a pretty decent job of keeping the Mustangs within the same ballpark, this level of improvement can’t come without some price hike, even if it’s a subtle one. Additional changes that should ensure some increase in MSRP include making a digital infotainment screen standard and dropping the manual transmission option on EcoBoost Mustangs.
A clear and glaring example of new generation vehicles seeing price hikes as they evolve is none other than the new GMC Canyon, which will reportedly be priced about $11,000 higher than before but will sport the tons of upgrades and improvements.
How Inflation Affects Ford Mustang Prices
You bet I won’t say it, huh? But, unfortunately, at the time of writing, this one word remains the law of the land: inflation. There, I said it.
That twisted fiend known as inflation should have a mild influence on the price of the upcoming Ford Mustang, to say the least. At a glance, many cars have seen price hikes following chronic hiccups in the supply chain as inventories have barely recovered from their all-time lows. As production becomes more complicated and more expensive, so do cars to compensate for this, unless a manufacturer has their unique solutions.
The evidence is subtle but evident throughout the pandemic, as continued recession combined with modest improvements to the S550 Mustang resulted in modest price increases of only hundreds of dollars, made less modest by markups.
How Much Is The 2024 Ford Mustang
The current and final model year S550 Mustang baselines at $27,420, the GT at $38,045, and the Mach 1 at $56,270. With ongoing world events, the inclusion of new standard equipment and refinements, and the removal of some lower-rung options, expect the upcoming 2024 Mustang to potentially stick a few more grands in all trims, with EcoBoosts ringing in at around $30,000 and GTs at $40,000 . The Dark Horses, because they share the same improvements but are very track-focused from the get-go, tend to hover under $60,000, roughly on par with the Shelby GT350 and Mustang Mach 1 that came before it. If that’s the case, price increases will be evident across all trims, but the new car will still stay within the ballpark of (relative) affordability.
Sources: Ford, Ford Authority
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