Key Takeaways
- The Ford Mustang continues on into 2024 unlike the Challenger and Charger which are going the way of the dodo.
- The 2024 Mustang starts just north of $30,000 at $30,920.
- The Mustang has gone up in price by just a bit more than $1,000 because of a variety of reasons, such as inflation, shortages, and demand.
- The Ford Mustang will still have a 5.0 liter V8 in 2024, keeping up the tradition of the fastest and strongest engine in a muscle car.
Is Ford making a 2024 Mustang?
Yes, Ford is making a 2024 Mustang, set to go on sale in the middle of 2023 as a 2024 model! The upcoming Mustang has been completely redesigned and is set to make waves as one of the last few muscle cars continuing into 2024. The Mustang will have a new body, with a more modern interior. The interior has been updated with a larger infotainment screen that starts as the drivers dashboard, and makes it to the center of the console. The Mustang also has a newer more driver oriented cabin, with the infotainment screen angled to face the driver.
How much will the new 2024 Ford Mustang Cost?
The Ford Mustang will start at $30,920 and top out at $63,265 for the top tier Dark Horse Premium trim. Below is a list of the available trims and their estimated costs.
- EcoBoost Fastback starting at $30,920
- EcoBoost Premium Fastback starting at $36,445
- GT Fastback starting at $42,495
- GT Premium Fastback starting at $47,015
- Dark Horse starting at $59,270
- Dark Horse Premium starting at $63,265
Why is the 2024 Mustang More Expensive?
The 2024 Mustang is not significantly more expensive than the 2023 model year. The 2023 Ford Mustang started at $29,145, while the 2024 Ford Mustang will start at $30,920. The main difference between the prices can be attributed to a variety of causes. Purportedly there are still chip shortages, and a variety of shortages across the globe that could result in a price increase on the upcoming mustang model.
As we know from news and various media outlets, inflation has also been a reason a variety of prices have started to increase across the board, which could be another contributing factor to the price increase. Beyond that, the Ford Mustang is one of the only muscle cars that made it into 2024 as the Challenger and Charger were discontinued. As demand may increase on the Mustang, the price might as well.
Will the 2024 Mustang have a V8?
Yes, the 2024 Ford Mustang will have a V8 engine, and not only will it still keep the tradition of the V8 alive, it will improve the V8 engine in 2024, as well as the EcoBoost engine as well. The V8 engine now puts out 480 horses as opposed to 450 horsepower, and an available performance package increases that to 486 horses on the GT model. The 2024 model also has a new Dark Horse trim that comes with a whopping 500 horsepower 5.0 V8. The EcoBoost engine outputs 315 horses with a 4 cylinder 2.7 liter engine. This engine might not sound too peppy, but it has enough power in it to put many other vehicles on the road to shame. The all new Ford Mustang is a force to be reckoned with and no matter which engine you go with, you are sure to receive impressive Ford performance.