The New Ford Mustang Is More Expensive Than Ever

Although Dodge is discontinuing its resident muscle car, Ford is making the Mustang for yet another generation. The new S650 2024 Ford Mustang gets carryover engines, a design refresh, and a price bump. That’s right; the new seventh-generation model is the most expensive pony car lineup in the model’s history

How much is a brand-new EcoBoost Mustang?

The new 2024 Ford Mustang EcoBoost base model starts at $30,920 for the fastback coupe. That represents a $3,150 price increase from the entry-level 2023 Mustang EcoBoost on the S550 platform.

Moreover, the EcoBoost drops the manual transmission option for the seventh-gen ‘Stang. So, fans who want to row their own gears will have to opt for the V8-powered GT or Dark Horse. Still, the EcoBoost packs the familiar turbocharged 2.3L four-cylinder engine, although it produces an extra five ponies for a total of 315 horsepower. 

A 2024 Ford Mustang EcoBoost shows off it's high-price redesign, with creased taillights.
2024 Ford Mustang | Ford

What is the Mustang EcoBoost Premium package?

The 2024 Ford Mustang EcoBoost Premium adds a few posh features to the base model pony car. For instance, the $36,445 EcoBoost Premium trim adds wireless device charging and approach lighting sporting the signature running pony emblem. 

Moreover, the Premium trim takes advantage of the S650’s new 13.2-inch curved glass display that blends into its 12.4-inch digital instrument cluster. Still, the Premium gets a price bump just like the base trim, to the tune of $3,650. 

Still, fans who want to put the top down will have to stretch to $41,945 for the EcoBoost Premium Convertible. As a result, the new Ford Mustang EcoBoost Premium drop-top gets the same $3,650 increase over the 2023 model as the coupe. 

How much will the 2024 Mustang GT cost?

Fans rejoice; the Blue Oval brought back the 5.0L Coyote V8 engine for the S650 generation. Moreover, the new 2024 Mustang GT starts at $41,495, a $3,150 increase over the post-facelift S550 GT from 2023. 

Still, even with the bigger ask, the new S650 Mustang GT reigns as the most powerful GT ever; it produces 486 horsepower from its Coyote V8 with a performance exhaust option, per Car and Driver. That puts it ahead of even the track-ready Mach 1 from the previous generation. 

A set of new 2024 Ford Mustangs show off their coupe and convertible bodies.
A pair of new Mustangs | Ford

What is the Premium package on a Mustang GT?

The new Ford Mustang GT Premium gets the same posh upgrades as the EcoBoost Premium. However, it also offers an active valve exhaust system and color-coordinated Brembo brakes. The 2024 GT Premium starts at around $46,015. 

Like the EcoBoost Premium, the new Mustang GT Premium offers a convertible option. However, the V8-powered drop-top pony car breaks the $50,000 mark with a starting price of around $51,515. That represents an increase of $2,650 over the previous generation. 


The S650 Mustang Has 4 Advantages Over the S550

What is a Dark Horse Mustang?

The Ford Mustang Dark Horse is the new seventh-generation performance-oriented pony car offering and spiritual successor to the Mach 1. Still, the Dark Horse out-costs the outgoing Mach 1, with a starting price of around $57,970. That’s about $1,400 more than a 2023 Mach 1. 

Is the entry-level ‘Stang worth over $30,000? Is the Dark Horse a performance bargain at nearly $60,000? Share your thoughts in the comments below!