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2015 Ford Mustang Pricing and Engine Specs Officially Announced

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author photo by Doug DeMuro May 2014
  • 2015 Ford Mustang will start at $24,425 with shipping
  • EcoBoost 4-cylinder starts at $25,995; V8-powered GT is $32,925
  • Mustang goes on sale this fall, with convertible to follow shortly after

Ford has officially announced pricing and other details about its fully redesigned 2015 Mustang ahead of the hotly anticipated sports car's debut this fall. The biggest news is pricing: Ford has confirmed that the base-level Mustang will start at $24,425 with shipping, making the new version around $1,000 more expensive than the outgoing model.

Ford says that the $24,425 figure buys you a Mustang with a 3.7-liter V6, which is the car's base-level powerplant. That engine, which is carried over virtually unchanged from the current model, produces 300 horsepower and 270 lb-ft of torque in the upcoming 2015 Mustang.

The interesting thing about the 2015 Mustang lineup is that shoppers interested in the all-new 4-cylinder EcoBoost model will have to pay more money to get the smaller engine, since the EcoBoost starts at $25,995 with shipping. But the pricing makes sense when you consider the numbers: Ford says that the new 2.3-liter EcoBoost 4-cylinder will be more powerful than the V6, producing "more than 305 hp and 300 lb-ft of torque." EcoBoost models will also include a few additional upgrades over the Mustang V6, including a rear spoiler, dual power seats and LED fog lights.

Drivers who want the most power they can get will -- as usual -- want to go for a Mustang GT, which starts at $32,925 with shipping. The V8-powered GT features a 5.0-liter V8 that makes 420 hp and 390 lb-ft of torque. Those are the same specs as today's Mustang GT, which starts at $32,025 with shipping.

While a $1,090 price increase for the base-level Mustang may seem like a lot, Ford says the new dollar figure is justified. After all, the 2015 Mustang boasts new styling, a revised interior, a totally new platform with independent rear suspension and a long list of new features, such as keyless entry, xenon headlights, a backup camera and Ford's SYNC infotainment system with a standard color display.

One last note for all you convertible fans: Although Ford has not yet announced pricing for the 2015 Mustang convertible, we expect the model will offer about the same premium over the coupe as today's version. So you should expect a base price of around $29,500 when the convertible goes on sale shortly after the coupe makes its debut this fall.

What it means to you: The 2015 Ford Mustang is more expensive than the outgoing model, but it also ushers in a new era of modernity for the popular sports car.

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This image is a stock photo and is not an exact representation of any vehicle offered for sale. Advertised vehicles of this model may have styling, trim levels, colors and optional equipment that differ from the stock photo.
2015 Ford Mustang Pricing and Engine Specs Officially Announced - Autotrader