Ford Mustang 2023 Review, Price and Specifications

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For more than 55 years, the Ford Mustang has continued to evolve into more sophisticated horses. This iteration comes standard with a 310-hp turbocharged inline-four EcoBoost engine with a six-speed manual transmission. And while pony cars go wild like the 760-hp Shelby GT500, reviewed separately, the more conventional option is the Mustang GT with its 450-hp V-8 engine. Both the four-cylinder and the V-8 can be mated to a 10-speed manual or automatic transmission. The Mustang is offered as either a hard-shell coupe or a rag-top convertible, but every Mustang drives the rear wheels. While the 330-hp High-Performance EcoBoost is an upgrade available to the four-cylinder, the Mustang is best served with a growling V-8. While its closest muscular rival, the Chevy Camaro, has a more ergonomic interior, the Mustang’s larger rear seats and better outside visibility make it easier to live in.

What’s New in 2023?

In anticipation of the next-generation pony car, the 2023 Ford Mustang has remained largely unchanged. The Mustang 2023 complements the chassis of the fifth-generation S550 and the all-new Mustang S650 will go on sale in summer 2023 with a new look, more power and a much more tech-savvy interior.

Price and Where to Buy


$29,000 (approx.)

EcoBoost Premium

$34,000 (approx.)


$40,000 (approx.)

GT Premium

$45,000 (approx.)

Mach 1

$58,000 (approx.)

The Mustang is best enjoyed with the loud 450-hp 5.0-liter V-8, which is only available in the GT or Mach 1. The latter has an additional 20 horsepower (470 total) over the regular GT model, and features equipment performance. drawn from the Shelby GT500 which makes it even more fun to drive. Unfortunately, we estimate that this puts the starting price near $58,000, so we’d recommend the regular GT coupe. Sticking to the standard manual transmission, we’ll opt for the GT Performance package which adds upgraded Brembo front brakes, a limited-slip differential, stickier summer tires, unique chassis tuning, and more.

Engine, Transmission and Performance

Don’t be fooled by the number of cylinders—standard 310-hp Turbocharged four-cylinder EcoBoost has enough punch to embarrass an old V-8 Mustang. Similarly, the optional 330-hp High-Performance package adds a more melodic and responsive EcoBoost engine derived from the defunct Ford Focus RS. The optional EcoBoost Handling package also brings track readiness to the four-cylinder coupe. The GT model is motivated by a 450-hp V-8 with an optional active exhaust emitting a thunderous roar. These two attractive engines are paired to a standard six-speed manual transmission or a 10 speed auto that makes the Mustang faster than before. With Performance Pack Level 2 (PPL2) focused on track and the brilliant Bullitt model both laid out on the prairie, the resurrected Mach 1 model has a bona fide best performance. With an upgraded 470-hp V-8 and chassis components shared with the Shelby Mustangit would terrorize the race track and make groceries—but The Mach 1 we rode has a grueling tendency to tramline. However, even with the underpowered engine, the Mustang chassis provides a comfortable and controlled driving experience. The electrically assisted steering is quite light in Comfort mode and weights well in the other two. The Mustang’s brake pedal feels strong so we found it sensitive in stop-and-go traffic, but easier to apply smoothly at higher speeds.

Real World Fuel Economy and MPG

The most efficient Mustang is the one powered by a turbocharged four-cylinder with a 10-speed automatic, which gets an EPA rating of 22 mpg city and 32 mpg highway. The V-8-powered Mustang earned 15 mpg city and 24 mpg highway ratings. In our tests, the four-banger with a manual transmission delivered 24 mpg—7 less than its EPA rating. The V-8 with a 24 mpg automatic saw in our hand, matches its EPA number. For more information on Mustang fuel economy, visit EPA website.

Interior, Comfort and Cargo

The Mustang’s interior is an evolutionary design that harks back to the old Mustang while remaining fully functional and livable. While it is available with premium features such as heated and cooled front seats, the mediocre plastic and the narrow Headless Horseman rear seat are its drawbacks. Outstanding performance combined with impressive cargo space make the Mustang a high-performance daily driver. In our tests, it held the second most carry-on luggage and had the most interior storage space among its competitors. The back seat can be stored by pulling on the straps and folded easily by hand. If you need to haul up to 12 carry-on bags, the Mustang can do it. Ford won with the biggest center console spot among the competitors we tested.

Infotainment and Connectivity

Ford’s optional Sync 3 infotainment system has a clean design and simple interface. While it’s not as responsive or powerful as some of its competitors, it comes with Apple CarPlay, Android Auto, and stereo kickin. The Mustang is available with a Wi-Fi hotspot. Ford Sync Connect, which allows users to control and monitor their vehicle via a smartphone app, is included as standard.

Safety Features and Driver Assistance

Mustang is also available with more driver assistance technology than rival pony cars, so you can go faster and feel safer. That’s how driver assistance works, right? For more information on Mustang crash test results, visit the National Highway Traffic Safety Administration (NHTSA) and the Insurance Institute for Highway Safety (IIHS) website. Key security features include:

  • Front collision warning and automatic emergency braking available
  • Departure lane warning and lane guard assistance available
  • Blind-spot monitoring and rear traffic warning available

Warranty and Maintenance Coverage

The Mustang has a solid but average warranty. However, it’s not like PursuitFord does not provide free scheduled maintenance visits.

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


2021 Ford Mustang Mach 1
Vehicle Type: front engine, rear wheel drive, *2 passengers, 2-door hatchback

Basic/As Tested: $54,595/$60,740
Options: Mach 1 Handling Package – Ultra-high-performance Pilot Sport Cup 2 tires, 19 x 10.5″ fr/19 x 11″ rr wheels, revised chassis tuning, adjustable front support mounts, performance front splitter, rear spoiler performance with Gurney cover, $3750; Recaro fabric sports bucket seat, $1650; brake calipers painted red, $495; *rear seat removal, $250

DOHC 32-valve V-8, aluminum block and head, ports and direct fuel injection
Displacement: 307 inches35038 cm3
Power: 480 hp @ 7250 rpm
Torque: 410 lb-ft @ 4800 rpm

6 speed manual

Suspension, F/R: struts/multilink
Brakes, F/R: 15.0-inch ventilated disc/13.0-inch ventilated disc
Tires: Michelin Pilot Sport Cup 2
F: 305/30ZR-19 (98Y)
R: 315/30ZR-19 (100Y)

Wheelbase: 107.1 inches
Length: 188.5 inches
Width: 75.4 inches
Height: 54.3 inches
Passenger Volume: 55 feet3
Cargo Volume: 14 feet3
Curb weight: 3793 lb

60 mph: 4.5 seconds
100 mph: 11.2 seconds
1/4-Mile: 13.1 seconds @ 108 mph
130 mph: 21.3 seconds

The above result eliminates a 1 foot 0.3 second launch.
Rolling Start, 5–60 mph: 5.3 seconds
Top Gear, 30–50 mph: 11.0 sec
Top Gear, 50–70 mph: 11.1 sec
Top Speed ​​(mfr claim): 168 mph
Braking, 70–0 mph: 138 feet
Braking, 100–0 mph: 284 feet
Roadholding, 300-ft Skidpad: 1.06 g

Observed: 14 mpg

Combined/City/Highway: 17/14/22 mpg




TRANSPORTATION TYPE: front engine, rear wheel drive, 4 passenger, 2 door coupe

PRICE AS TESTED: $52,980 (base price: $47,590)

MACHINE TYPE: DOHC 32-valve V-8, aluminum block and head, ports and direct fuel injection

REMOVAL: 307 cu in, 5038 cc
POWER: 480 hp @ 7000 rpm
TORQUE: 420 lb-ft @ 4600 rpm

TRANSMISSION: 6 speed manual

Suspension (F/R): struts/multilink
Brakes (F/R): 13.9-inch ventilated disc/13.0-inch ventilated disc
Tires: Michelin Pilot Sport 4S; F: 255/40ZR-19 (100Y), R: 275/40ZR-19 (105Y)

Wheelbase: 107.1 inches
Length: 188.5 inches
Width: 75.4 inches
Height: 54.3 inches
Passenger volume: 83 cu ft
Trunk volume: 14 cu ft
Curb weight: 3850 lb

Zero to 60 mph: 4.4 seconds
Zero to 100 mph: 9.8 seconds
Zero to 130 mph: 16.6 seconds
Rolling start, 5–60 mph: 5.0 seconds
Top gear, 30–50 mph: 10.8 sec
Top gear, 50–70 mph: 9.3 sec
Stand-mile: 12.8 seconds @ 115 mph
Top speed (limited by governor, mfr claims): 163 mph
Braking, 70–0 mph: 165 feet
Road handle, 300 ft diameter skidpad: 0.97 g

Observed: 18 mpg

Combined/city/highway: 18/15/24 mpg


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