Will there be a 2023 Ford Mustang?

Price: We expect the 2023 Ford Mustang to have a starting price of approximately $28,000.

The Ford Mustang is expected to be an all-new model for 2023, but it will look a lot like the current car. We don’t think the overall shape or stance will change much.

The 2023 Ford Mustang is as American as apple pie, bald eagles, and XXL-sized fast-food drinks. That doesn’t mean Ford’s venerable pony car is sitting still, and that’s why we expect some major updates for the 2023 Mustang.

Expect a wide array of color and trim choices, including huge wheels and speedy-looking racing stripes. When you’re competing against the likes of the Chevrolet Camaro and Dodge Challenger, it helps to make a big and bold first impression.

You’ll also be treated to a standard turbocharged 4-cylinder powertrain, along with the option of the iconic 5.0-liter V8 which, for many car shoppers, is what truly makes a Mustang a Mustang.

Offered in both fastback and convertible formats, the 8-cylinder Mustang is a riot of power and accelerative force when you hit the gas pedal. And let’s not forget the supercharged 5.2-liter V8 that rockets the Shelby GT500 down the road with more than 700 horsepower.

For 2023, Ford may offer a turbocharged 4-cylinder hybrid Mustang. There might even be a V8 hybrid, too, along with an all-wheel-drive model and a fully-electric version — but that model, which would complement the Mustang Mach-E, would be several years down the road.

With the exterior of the 2023 Ford Mustang sticking close to its muscle car roots, the interior should offer about the same amount of room as before. That means the front seats hold two adults snugly in place during hard cornering, while the rear seats are best used by kids, or adults you don’t like very much.

We expect Ford to upgrade the cabin materials, to give the Mustang interior a more premium look and feel. Apple CarPlay and Android Auto will be standard.

2023 Ford Mustang Pricing

We expect the base price of the 2023 Ford Mustang in fastback/coupe format will start at around $28,000. This nets you the turbo 4-cylinder and a choice of 6-speed manual or 10-speed automatic.

If you want open-air Mustang thrills, the entry-level 2023 Mustang convertible may run about $33,000.

Stepping up to the V8-powered monsters like the 2023 Ford Mustang GT and Mach 1 will set a shopper back by about $38,000 and $54,000, respectively. The 2023 Mustang GT convertible, the ultimate high-speed tanning machine, should list for about  $48,000.

While it will take Ford some time to fully flesh out the seventh-gen Mustang range with performance models like the Shelby GT500, it’s worth noting the 2022 version of the GT500 was about $73,000. We don’t see any new 2023 Shelby models priced below that.

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Dark Horse rises: 2023 Ford Mustang style and specs revealed

A 2023 Ford Mustang Dark Horse drives in a tunnel

Craig Duff

Posted September 19, 2022


Tech meets muscle with the new seventh-generation Ford Mustang, featuring a premium Dark Horse hero version and sharper styling throughout the range.

Ford has released its latest version of the Mustang sports car and is following the “if it isn’t broke, don’t fix it” approach to the iconic Pony Car.

There is little in terms of mechanical or visual differentiation to mark the new-gen Mustang from the previous model, though there’s enough changes to the drivetrain and layout to mark this as a new-gen vehicle.

Ford has also tried to create a more pronounced difference between the four-cylinder and V8 versions, with the latter picking up larger intakes in the front grille to improve airflow, along with extractor vents on the bonnet.

The V8 versions also boast quad exhaust pipes compared to the pair at the back of the four-cylinder versions. The company has also fitted a noise cancellation feature that removes “undesirable” mechanical sounds, while augmenting some aspects of the engine soundtrack.

The 2023 Ford Mustang uses a pair of digital displays housed under the same sheet of glass.

Topping the Ford Mustang range is a new track-focused Dark Horse variant.

Larger intakes on the bumper and functional vents on the bonnet denote the V8-powered Ford Mustang GT.

Dark Horse heads line-up

Topping the Ford Mustang range is a new track-focused Dark Horse variant, delivering around 373kW from the modified 5.0-litre Coyote V8.

Ford Australia is still developing the latest Mustang powertrain for local consumption and has yet to announce power and torque figures, beyond noting both engines will boast more power.

The current Ford Mustang’s 2.3-litrefour-cylinder turbo delivers 236kW of power and 448Nm of torque, while the V8 produces 339kW and 556Nm.

The Mustang Dark Horse will be sold with two transmissions: a Tremec-built six-speed manual gearbox from the previous-generation Mustang Mach 1 and Shelby GT350, and the 10-speed automatic transmissions that is standard in most Mustangs.

Ford Australia has yet to release details on local specifications, but there will be a late 2023 launch of both the 2.3-litre four-cylinder turbo models, along with the V8.

Four-cylinder buyers of the latest model will also be restricted to the 10-speed auto (not that that’s a bad thing), while V8 buyers can choose between manual and auto transmissions.

All versions are equipped with a limited-slip differential.

2022 Ford Mustang GT and Kia Stinger GT comparison | RACV

Bigger brakes to rein Mustang in

Helping rein in the Mustang are bigger brakes fitted with six-piston Brembo callipers up front and four-piston Brembos on the back.

A new steering system is claimed to deliver improved feel and the steering ratio has been tweaked to deliver faster response.

Top-end models use adaptive suspension, an engine brace, Brembo brakes with a sx-piston front and four-calliper rear and a mechanical Torsen limited-slip differential.

Digital displays are standard, with top-end models using a 13.2-inch touchscreen infotainment system and a 12.3-inch driver’s display in a wraparound housing that gives the appearance of one screen.  

EcoBoost models use a standalone display. All versions adopt Ford’s latest Sync 4 operating system.

The physical climate control switches have been replaced by shortcuts at the base of the touchscreen, with just a single row of switches sitting underneath.

The changes let the Mustang adopt a wireless phone charging pad.

A flat-bottomed steering wheel replaces the round version found in the existing car and Ford has actually defied the trend to clutter the tiller with buttons by fitting fewer switches than in today’s versions.

Previous versions of the Mustang haven’t enjoyed a great safety rating, so the latest iteration picks up more driver assist and safety features, including autonomous emergency braking, lane-departure assist and adaptive cruise control with stop-start traffic and speed sign recognition.

Electrified versions are already sold in the USA in the form of the Mustang E, but Ford has yet to announce plans for any hybrid variants of the seventh-generation vehicle.

Ford also released no less than six race-oriented versions of the Mustang, ranging from the track-day focused Dark Horse S right through to a version that will compete in the Le Mans 24-hour race.

The information provided is general advice only. Before making any decisions please consider your own circumstances and the Product Disclosure Statement and Target Market Determinations. For copies, visit racv.com.au. As distributor, RACV Insurance Services Pty Ltd AFS Licence No. 230039 receives commission for each policy sold or renewed. Product(s) issued by Insurance Manufacturers of Australia ABN 93 004 208 084 AFS Licence No. 227678.

Will there be a new Mustang in 2023?

The new Ford Mustang has been revealed in Detroit ahead of its 2023 launch – and it's coming to the UK. The famous Mustang muscle car has a modern new appearance, but retains all the hallmark styling features of the current model.

When can you order 2023 Ford Mustang?

For those of you wondering, "When can I order a 2023 Ford Mustang?" the answer, right now! The 2023 Ford Mustang order banks are now open!

Will 2023 Mustang have V8?

Most Advanced and Athletic Engines Ever It starts with Mustang GT, now powered by an advanced, 5.0-liter Coyote V8 engine.

How much horsepower will the 2023 Mustang have?

The 2023 Mustang will likely keep the same stable of engines as the current model year. Base models receive a 2.3-liter turbocharged four-cylinder with 310 horsepower and 350 lb-ft of torque, but the High Performance Package increases power to 332 horsepower.