2023 Ford Mustang Convertible

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.

KBB Vehicle Review and Rating Methodology

Our Expert Ratings come from hours of both driving and number crunching to make sure that you choose the best car for you. We comprehensively experience and analyze every new SUV, car, truck, or minivan for sale in the U.S. and compare it to its competitors. When all that dust settles, we have our ratings.

We require new ratings every time an all-new vehicle or a new generation of an existing vehicle comes out. Additionally, we reassess those ratings when a new-generation vehicle receives a mid-cycle refresh — basically, sprucing up a car in the middle of its product cycle (typically, around the 2-3 years mark) with a minor facelift, often with updates to features and technology.

Rather than pulling random numbers out of the air or off some meaningless checklist, KBB’s editors rank a vehicle to where it belongs in its class. Before any car earns its KBB rating, it must prove itself to be better (or worse) than the other cars it’s competing against as it tries to get you to spend your money buying or leasing.

Our editors drive and live with a given vehicle. We ask all the right questions about the interior, the exterior, the engine and powertrain, the ride and handling, the features, the comfort, and of course, about the price. Does it serve the purpose for which it was built? (Whether that purpose is commuting efficiently to and from work in the city, keeping your family safe, making you feel like you’ve made it to the top — or that you’re on your way — or making you feel like you’ve finally found just the right partner for your lifestyle.)

We take each vehicle we test through the mundane — parking, lane-changing, backing up, cargo space and loading — as well as the essential — acceleration, braking, handling, interior quiet and comfort, build quality, materials quality, reliability.

More About How We Rate Vehicles

Ford has revealed the seventh generation of the Mustang. It will be sold with a 2.3-litre Ecoboost engine and a 5.0-litre Coyote V8.

The 2023 Mustang retains its iconic design. It will be offered in two engine options.

View all Images

Ford has finally taken wraps off the seventh generation Mustang at the Detroit Auto Show. The iconic muscle car gets a heavily redesigned exterior as well as interior. But Ford has retained the low-slung character design of the Mustang because of which it is instantly recognizable. The Mustang will be sold with an Ecoboost powertrain and a 5.0-litre V8. There will be a standard Mustang, a GT version, GT Convertible and a new Dark Horse trim. Ford has retained the S550 platform from the previous generation Mustang.

The 2023 Mustang looks sharper and sleeker because of its edgier design. It gets a new set of headlamps and tail lamps that look modern. It still has an aggressive-looking grille design with a Pony badge and a long sloping hood design. There are new alloy wheels and a rear bumper design.

The alloy wheel size will start at 17-inches, the GT will get 19-inches and there will be an optional 20-inches on offer as well. Ford will offer 11 exterior options and customers can also choose the colour of brake calipers. Moreover, the manufacturer has also introduced Mustang Design Series through which the customizations will be done straight from the factory. There is also a new Bronze Design Series Appearance Package.

2023 Ford Mustang: Specs

Ford will be offering the Mustang with the 5.0-litre V8 which is now in its fourth generation. The manufacturer has made changes to the engine such as a dual air intake box and dual-throttle body design. There are different drive modes and the engine comes mated either to a six-speed manual gearbox or a 10-speed torque converter automatic transmission.

There will also be a 2.3-litre Ecoboost engine on offer which be offered with the 10-speed automatic transmission only. As of now, the power figures have not been revealed by Ford.

(Also read: Ford expands Mustang lineup with sinister-looking Dark Horse model)

Will seventh-gen Ford Mustang come to India?

Well, the previous generation of the Mustang was brought to India and it was an instant hit in the market. However, now Ford is no longer operating in the Indian market. They did say that they will be bringing some vehicles through CBU like the Mustang Mach-e. However, there has not been any update on this situation since the announcement.

First Published Date: 15 Sep 2022, 13:06 PM IST

How much will the 2023 Mustang cost?

Will the 2023 Ford Mustang be redesigned?

When can you order a 2023 Ford Mustang?