New 2024 Mustang GT500: Official Price, Release Date & Full Specs With updated but recognizable looks, updated chassis components, a completely new interior, and two better powertrains, Ford unveils the seventh iteration of the legendary Mustang sports car. The future is bright for the new pony thanks to a slew of enhancements, but it’s not so good for its closest rivals, the Chevy Camaro and Dodge Challenger. The 5.0-liter V-8 will still be used to power the new model, but it will now produce 480 horsepower.
Another marginally better engine is the 2.3-liter EcoBoost with 315 horsepower. Depending on the engine selected, a six-speed manual or 10-speed automatic transmission will be offered. Both a hardtop coupe and a soft top convertible body style will still be available for the Mustang. A 13.2-inch display is an option in the Mustang’s redesigned cockpit.
A display is a component of a huge, curved screen that covers the center stack region. The system also uses touchscreen “buttons” in place of conventional radio and HVAC control knobs. The new pony car’s sales should start sometime in the summer of 2023.
2024 Mustang GT500 Price
| Price | Country |
| Ford Mustang GT500 Price in USA | $30,920 to $41,945. |
| Ford Mustang GT500 Price in Canada | $30,430. |
| Ford Mustang GT500 Price in India | 80,00000 MRP |
2024 Mustang GT500 Performance – Engine, Transmission, and Other
The revised 2.3-liter, four-cylinder EcoBoost engine that powers the 2017 Mustang as standard produces 315 horsepower and 350 pound-feet of torque. That is 5 horsepower more than the previous Mustang, but it is still less than the 330 horsepower of the previous-generation EcoBoost Performance. The Mustang GT, which continues to have a 5.0-liter V-8 engine, has a six-speed manual transmission as standard, whereas every EcoBoost Mustang receives a 10-speed automatic.
The new Coyote V-8 is rated for 480 horsepower and 415 pound-feet of torque, which is higher than the previous model’s 450 horsepower and 420 pound-feet of torque. According to Ford, a performance exhaust is an option that boosts power to 486 horsepower and 481 pound-feet. The 500-hp 5.0-liter V-8 featured in the Ford Mustang Dark Horse is an upgrade for the track that is based on the GT either a six-speed manual or a 10-speed automatic transmission.
According to Ford, this engine’s heart is made up of connecting rods from the 760-hp Mustang Shelby GT500 as well as an updated intake system. We won’t update this space until our test crew has secured their equipment to the new Pony, but we haven’t yet done so.
Fuel Efficiency and Average MPG
For context, we should note that the previous Mustang’s turbocharged four-cylinder and 10-speed automatic got an EPA-estimated 21 mpg city and 32 mpg highway. The EPA hasn’t provided official fuel efficiency estimates for the 2024 Mustang EcoBoost or GT. The last generation’s V-8 sacrificed efficiency for more horsepower, getting only an estimated 15 mpg in the city and 24 mpg on the interstate. When information about the redesigned 2024 Mustang becomes available, we’ll update this section.
2024 Mustang GT500 Interior
Every feature visible from the driver’s seat of the 2024 Mustang has been carved out using what Ford refers to as a “fighter-jet-inspired” design. The standard 12.4-inch instrument cluster in the Mustang is a significant improvement over the one in the previous model while we wait to see if its performance can breach the sound barrier.
With various colors, gauges, and even a “calm” screen that just shows the most important information, the configurable display may be tailored to meet the needs of the majority of red, white, and blue patriots. Depending on the drive mode you’ve chosen, ambient illumination and the driver’s display will adjust.
While base Mustangs have cloth seats and optional microsuede vinyl inserts, the Premium trim adds embroidered details on everything from the door dashboard trim. Leather inlays are added to the Mustang GT. Ford has also added a Remote Rev feature that enables you to enjoy the sounds from outside the car while the engine revs up to full power with only a click from the key fob.
Connectivity and Information
The interior technology of the new Mustang is a significant area for improvement. Behind a curved glass panel, a 13.2-inch infotainment screen employing Ford’s Sync 4 software flows from the instrument cluster to the center of the vehicle. This system has both Apple CarPlay and Android Auto as standard features and a wireless smartphone charger provides additional convenience for drivers to lessen the mess of charging cords.
Voice commands can take the place of turning knobs or pressing buttons thanks to Amazon Alexa and Ford Streaming, and every Mustang has Ford Power-Up software, which enables over-the-air updates for future software and vehicle function upgrades.
Upcoming 2024 Mustang GT500 Performance Specs
The upcoming 2024 Ford Mustang GT500 is expected to offer a wide range of performance specs, including:
| Engine | 5.2-liter supercharged V8 |
| Horsepower | 750+ |
| Torque | 700+ lb-ft |
| Transmission | 8-speed dual-clutch automatic |
| Drivetrain | Rear-wheel drive |
| 0-60 mph | 3.3 seconds |
| Top Speed | 200+ mph |
| Braking | Carbon-ceramic brakes with 15-inch rotors |
| Suspension | Adaptive dampers and adjustable sway bars |
| Wheels | 20-inch aluminum alloy |
| Tires | High-performance tires |
| Exhaust | Quad-tip exhaust |
