2024 Ford Mustang Overview, Pricing, and Specs

The Mustang continues to offer a turbocharged four-cylinder EcoBoost at the base level and a V-8 in the GT model. Even while your pocketbook might suggest sticking with the four-cylinder, our hearts say get the V-8-powered GT with the six-speed manual. While the GT coupe is over $10,000 more than a base four-cylinder, you can also add a GT Performance package for roughly $5000 extra. That gives you 19-inch wheels, big Brembo calipers, a 3.73-geared Torsen differential, as well as some sweet appearance bits.

Engine, Transmission, and Performance

The new Mustang comes standard with an upgraded turbocharged 315-hp 2.3-liter four-cylinder EcoBoost engine with 350 pound-feet of torque. That’s 5 horsepower more than the previous Mustang, but still trails the last-gen EcoBoost Performance’s 330-hp. While every EcoBoost Mustang gets a 10-speed automatic transmission, the Mustang GT, which continues to offer a 5.0-liter V-8, has a six-speed manual standard. The last generation’s Coyote V-8 produced 450 horsepower with 420 pound-feet of torque, but the new unit is rated for 480 horsepower and 415 pound-feet of torque. Ford says an optional performance exhaust increases output to 486 horsepower and 481 pound-feet. The all-new Mustang Dark Horse model is a track-focused step up based on the GT that uses a 500-hp 5.0-liter V-8 with either a 10-speed automatic transmission or a six-speed manual. Ford said the heart of this engine contains connecting rods from the 760-hp Mustang Shelby GT500 plus a revised intake system. Our test team hasn’t strapped their instruments to the new Pony yet, but we’ll update this space as soon as they have.

Fuel Economy and Real-World MPG

The EPA estimates the four-cylinder Mustang is good for 22 mpg city and 33 mpg highway. Adding the optional Performance Package to that obviously erodes some fuel economy for the sake of power, but not dramatically (21 mpg city and 29 mpg highway). The last-gen Mustang’s V-8 growled its way to an EPA-rated 15 mpg city and 24 mpg highway and that’s still true with today’s car. The 2024 Ford Mustang Dark Horse is the least careful with its gasoline, getting just 14 mpg in the city and 22 mpg on the highway. For more information about the Mustang’s fuel economy, visit the EPA’s website.

Interior, Comfort, and Cargo

From the driver’s seat of the 2024 Mustang, every detail has been chiseled in place with what Ford is calling a “fighter-jet inspired,” design. Thankfully, it’s more comfortable than it sounds and we found the seats to be plenty supportive. While we wait to find out if the Mustang’s performance will break the sound barrier, its standard 12.4-inch instrument cluster is a massive leap ahead from the previous car’s. The configurable display can be customized to fit the needs of most red, white, and blue patriots, with selectable colors, gauges, and even a “calm” screen that reveals only the most necessary details. Ambient lighting and a driver’s display adapts to whichever drive mode you’ve selected. Base Mustangs come with cloth seats and available micro-suede vinyl inserts, while the Premium level adds stitched bits and pieces from door trim to dashboard. The Mustang GT gets leather inserts. Ford has also introduced a Remote Rev function that allows the car’s engine to blast up the RPMs with a simple click from the key fob while you admire the sounds from outside the car.

Infotainment and Connectivity

A major area of improvement for the new Mustang is its interior gadgetry. An available 13.2-inch infotainment screen using Ford’s Sync 4 software flows from the gauge cluster toward the center of the car behind a curved glass panel. Apple CarPlay and Android Auto come standard on this system, and an optional wireless smartphone charger helps drivers reduce the clutter of charging cables. Amazon Alexa and Ford Streaming allow voice commands to replace knob-turning or button presses, and every Mustang comes with Ford Power-Up software capability, allowing for over-the-air updates for later software and vehicle function improvements.

Safety and Driver-Assistance Features

The Mustang is also available with more driver-assistance technology than any rival pony car, so you can go faster and feel safer. Every Mustang comes with Ford Co-Pilot360. For more information about the Mustang’s crash-test results, visit the National Highway Traffic Safety Administration (NHTSA) and Insurance Institute for Highway Safety (IIHS) websites. Key safety features include:

• Standard adaptive cruise control
• Standard lane-departure warning and lane-keeping assist
• Optional active pothole mitigation (included with Performance Pack)

Warranty and Maintenance Coverage

The Mustang has a solid but average warranty. However, unlike Chevy, Ford doesn’t provide a complimentary scheduled maintenance visit.

• Limited warranty covers three years or 36,000 miles
• Powertrain warranty covers five years or 60,000 miles
• No complimentary scheduled maintenance