The First 2024 Ford Mustang GT Will Be Auctioned For Charity

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Ford will sell the first production Mustang GT of 2024 during the annual Barrett-Jackson auction in Scottsdale, Arizona, on January 28. All proceeds from the sale of the Mustang will benefit JDRF, a leading global type 1 diabetes (T1D) research and advocacy organization.

This will be the third generation of the VIN 001 Mustang to be auctioned off for charity. In recent years, Ford has also sold first-built Mustang Shelby GT500s, Mustang Mach 1s and Mustang Bullitt at auction for charity.

“Ford has a long tradition of supporting charities through Barrett-Jackson auctions, and we are proud to offer the new Mustang GT to support worthy causes such as juvenile diabetes research,” said Mustang Marketing Manager Jim Owens. “This seventh generation is our most powerful Mustang GT yet, and the winning bidder not only supports a good cause but also becomes the owner of the first Mustang GT.”

The winning bidder will be given the opportunity to choose from any of the standard Mustang GT options. This includes a manual or automatic transmission, 11 available exterior colors, 18 to 20-inch wheels, and Brembo brakes in three colors (black, red, and blue).

The 2024 Mustang GT has a revised 5.0-liter Coyote V8 engine, good for 480 horsepower and 415 pound-feet of torque in standard form. Use the optional active valve exhaust system and these figures go up to 486 hp and 418 lb-ft, making it the most powerful stock Mustang GT in history. A six-speed manual transmission is still available as an alternative to the 10-speed automatic torque converter.

Once the VIN 001 2024 Mustang GT finds its new owner, regular deliveries of the pony are expected to begin this summer. Before that, hopefully around spring this year, we’ll get a chance to get behind the wheel of a new Mustang. Until that happens, be sure to see how the sports car compares to its predecessors.

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