The new S650-series Ford Mustang has a base price $12,400 higher than its predecessor, and has cracked the $100,000 before on-roads barrier for the first time.

    It’s available to purchase now, ahead of customer arrivals set for the second quarter of 2024. The range opens at $64,990 before on-roads for the EcoBoost Fastback.

    The Dark Horse tops the range, priced at $99,102 before on-road costs with a manual or $103,002 before on-roads with an auto. Just 1000 units will come to Australia, and all feature a raft of unique darkened interior and exterior accents.

    Its naturally aspirated 5.0-litre V8 engine pumps out 349kW of power and 548Nm of torque – down on the 373kW/567Nm outputs quoted in the US, and also up 2kW but down 2Nm on the new GT’s 5.0-litre V8.

    “The engine used in Australian models varies from the US version, with a different exhaust manifold and calibration to suit different noise and emission regulations, while US and ECE rating procedures are also different,” a Ford Australia spokesperson explained.

    “Aside from the exhaust manifold, the engine hardware is the same.”

    The entry-level EcoBoost’s turbocharged 2.3-litre four-cylinder gets a revised exhaust manifold, a revised twin-scroll, low-inertia turbocharger with electronic wastegate, revised camshaft timing and integrated air-induction system.

    It uses a combination of port and direct fuel injection, for low engine speed and high-rpm operation, respectively.

    Power is down 4kW but torque is up 27Nm compared with the Australian-market High Performance it replaces.

    The GT’s Coyote V8 has also been revised with dual 80mm throttle bodies and air inlets, and likewise uses a combination of port and direct fuel injection. It produces 347kW and 550Nm, up 8kW but down 6Nm.

    The Mustang gains a new electric park brake with what Ford is calling a Drift Brake function, which is as the name suggests and which the company says is ready for a slalom course… but not public roads.

    There’s a range of Track Apps accessible through the instrument cluster, including an acceleration timer, accelerometer, lap timer, line-lock, and launch control, the latter for manual models only.

    The standard Active Valve Performance Exhaust can be controlled via the touchscreen or steering wheel, with Normal, Sport, Track and Quiet modes. The electric power assisted steering also has Normal, Comfort and Sport modes.

    As previously confirmed, the EcoBoost engine will now be available exclusively with a 10-speed automatic transmission.

    However, Ford Australia has opted not to bring the EcoBoost convertible here.

    That means the droptop body style is available exclusively as a GT V8, and once again Ford Australia has opted to specify it only with an automatic even though a manual version is offered overseas.

    The S650 uses an updated version of the outgoing S550 model’s underpinnings, and its styling is more chiseled but overall quite evolutionary.

    Inside, however, the retro-style dual-cowl dashboard layout has been discarded in favour of a more modern cockpit.

    There’s a 12.4-inch digital instrument cluster, with unique graphics for each drive mode.

    It’s situated in a wraparound assembly alongside a larger 13.2-inch touchscreen running the Sync 4 infotainment system.

    Ford says a depiction of the car’s current setup is presented using the Unreal Engine 3D creation tool used in modern video games, and you can swipe the graphic of the car to rotate it and adjust settings.

    The EcoBoost Fastback is approximately $10,000 more expensive than the outgoing High Performance, with similar hikes for GT models.


    • 2024 Ford Mustang EcoBoost Fastback auto: $64,990
    • 2024 Ford Mustang GT Fastback manual: $77,002
    • 2024 Ford Mustang GT Fastback auto: $80,902
    • 2024 Ford Mustang GT Convertible auto: $86,752
    • 2024 Ford Mustang Dark Horse manual: $99,102
    • 2024 Ford Mustang Dark Horse auto: $103,002

    All prices exclude on-road costs.


    The 2024 Ford Mustang range is offered with a choice of three engines.

    The EcoBoost Fastback uses a turbocharged 2.3-litre four-cylinder engine producing 232kW of power at 5500rpm and 475Nm of torque at 3000rpm. It’s mated exclusively with a 10-speed automatic transmission.

    GT models use a naturally aspirated 5.0-litre V8 engine with 347kW at 7250rpm and 550Nm at 4850rpm, mated with either a six-speed manual or 10-speed automatic.

    The Dark Horse also uses an atmo 5.0-litre V8, but with 349kW at 7250rpm and 548Nm at 4850rpm. It’s offered with either a 10-speed auto or a six-speed Tremec-sourced manual.

    Manual transmissions have rev matching and autos feature paddle shifters.


    The 2024 Ford Mustang requires 98 RON premium unleaded fuel. Combined cycle fuel economy figures are as follows:

    • EcoBoost Fastback: 9.4L/100km
    • GT Fastback manual: 13.6L/100km
    • GT Fastback auto: 12.9L/100km
    • GT Convertible: 12.9L/100km
    • Dark Horse manual: 15.5L/100km
    • Dark Horse auto: 12.9L/100km


    The 2024 Ford Mustang measures 4811mm long (4823mm in Dark Horse guise), 2097mm wide, and rides a 2719mm wheelbase.

    Height varies. The EcoBoost is 1407mm tall, the GT Fastback 1414mm, the GT Convertible 1408mm and the Dark Horse 1413mm.

    Kerb weight is as follows:

    • EcoBoost Fastback: 1746kg
    • GT Fastback manual: 1813kg
    • GT Fastback auto: 1841kg
    • GT Convertible: 1881kg
    • Dark Horse manual: 1822kg
    • Dark Horse auto: 1842kg

    Servicing and Warranty

    Ford backs its cars with a five-year, unlimited-kilometre warranty.

    It hasn’t released information yet on capped-price servicing for the new Mustang.


    The new Ford Mustang has yet to be tested by ANCAP or Euro NCAP.

    Standard safety equipment includes:

    • Autonomous emergency braking with pedestrian and cyclist detection
    • Adaptive cruise control (includes stop/go and lane centring on auto models)
    • Blind-spot assist
    • Lane-keep assist
    • Rear cross-traffic assist
    • Evasive steer assist
    • Post-collision braking
    • Deployable bonnet
    • Reversing camera
    • Rear parking sensors
    • Front, front-side and passenger knee airbags
    • Curtain airbags (coupe)
    • Head-side airbags (convertible)

    Standard Equipment

    The EcoBoost comes standard with the following equipment:

    • 390 x 36mm vented discs, Brembo six-piston 36mm front and four-piston 30mm rear fixed aluminium calipers
    • 19×9-inch alloy wheels
    • 255/40 R19 tyres
    • Limited-slip differential
    • Electronic park brake with Drift Brake
    • Track Apps
    • Active Valve Performance Exhaust with quad outlets
    • Automatic LED headlights
    • Automatic high-beam
    • Puddle lights with Mustang logo
    • 12.4-inch digital instrument cluster
    • 13.2-inch touchscreen infotainment system
    • Wireless Apple CarPlay and Android Auto
    • Satellite navigation
    • Wireless phone charger
    • DAB+ digital radio
    • FordPass Connect embedded modem
    • 12-speaker B&O sound system
    • Leather-wrapped steering wheel
    • Tilt and telescopic steering adjustment
    • Leather-wrapped shifter and park brake
    • Metal pedals
    • Dual-zone climate control
    • Electrochromatic rear-view mirror
    • Colour-adjustable ambient lighting
    • Proximity entry with push-button start
    • Illuminated sill plates
    • One-touch up/down front windows
    • Leather-accented upholstery
    • Heated and cooled front seats
    • Six-way power driver’s seat with power lumbar, manual back rest adjustment
    • Six-way power passenger seat with manual back rest adjustment
    • Split/fold rear seats

    The GT adds:

    • Auxiliary engine oil cooler
    • 19×9-inch front and 19×9.5-inch rear alloy wheels
    • 255/40 R19 front and 275/40 R19 rear Pirelli P-Zero tyres

    The Dark Horse adds:

    • MagneRide suspension
    • Torsen limited-slip differential
    • Darkened LED headlights
    • Unique gloss black grille with trapezoidal nostrils
    • Unique front bumper with high gloss ‘fangs’
    • Unique rear diffuser, side skirts and fixed rear wing
    • Dark, anodised front pony logo
    • Unique Dark Horse badging
    • Flat-bottomed steering wheel with leather, microsuede finish and Bright Indigo Blue accent stitching
    • Anodised silver paddle shifters (auto only)
    • Unique sill plates
    • Bright Indigo Blue stitching on shifter, centre console, door panels, seats
    • Blue seatbelts
    • Black Alley finish for interior trim, bezels, vents


    A Black Pack ($1950) is offered on all GT models, and includes:

    • Black front pony badge
    • Black 5.0 logos
    • Black rear GT badge
    • Black mirror caps
    • Black roof
    • Black 19-inch alloy wheels

    The EcoBoost Appearance Pack is, naturally, exclusive to the EcoBoost. It costs $1500 and adds black with grey over the top stripes, plus a unique spoiler. It can’t be had in conjunction with the Black Pack.

    The GT Appearance Pack is exclusive to the GT and costs $1950, adding black with grey over the top stripes and a unique spoiler. It can’t be specified in conjunction with either MagneRide or Recaro seats, or with the Black Pack.

    MagneRide suspension is a $3835 option exclusive to GT Fastback models. It also includes red-painted Brembo brake calipers.

    The Dark Horse Appearance Pack ($3575) is exclusive to the Dark Horse, and offered only with Shadow Black or Vapour Blue paint or an exclusive Dark Ember finish. It also includes:

    • Blue-painted Brembo brake calipers
    • Black Onyx roof
    • Unique bonnet graphic

    The GT and Dark Horse can also be specified with Recaro sport seats ($3835), which are finished in Black Onyx and Indigo in the latter. The Recaro seats don’t feature heating or cooling.

    All option prices include Luxury Car Tax.


    Race Red and Oxford White are no-cost options across the entire range, with the following colours a $910 option:

    • Shadow Black
    • Vapour Blue
    • Atlas Blue
    • Grabber Blue
    • Dark Matter Grey
    • Carbonised Grey
    • Iconic Silver (EcoBoost, GT only)
    • Rapid Red (EcoBoost, GT only)
    • Yellow Splash (EcoBoost, GT only)
    • Blue Ember (only available in Dark Horse with Dark Horse Appearance Pack)

    MORE: Everything Ford Mustang
    MORE: 2024 Ford Mustang Dark Horse review

    William Stopford

    William Stopford is an automotive journalist based in Brisbane, Australia. William is a Business/Journalism graduate from the Queensland University of Technology who loves to travel, briefly lived in the US, and has a particular interest in the American car industry.

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