The starting price of the new Mustang, loaded with improvements, will be $24,425 including delivery charges, an increase of $1,090 over the current $23,335 for the cheapest current version.
When the new Mustang goes on sale in the fall, the lowest priced model will come with a 3.7-liter V-6 producing more than 300 horsepower. Two other engine options will also be available.
2015 MUSTANG: Radically new, retro, too
Even though the new pony car will be more expensive, Ford spokesman Brian Cotter points out it is loaded with standard features that aren't on the current Mustang. They include items like independent rear suspension, standard backup camera, steering wheel tilt and telescope and better interior materials throughout.
For the moment, Cotter says Ford isn't releasing any other pricing information on the next Mustang — just the base price. To sell off current stocks of Mustang and make way for the new one, he says there are incentives of about $1,000 on the sporty car.
The redesigned 2015 Ford Mustang is to hit dealerships this fall, a few months after the pony car's 50th birthday. (Photo: Ford) Fullscreen
Ford decided on evolutionary styling on the 2015 Mustang to retain loyalists, hoping the look also is adventuresome enough to draw new buyers. (Photo: Ford) Fullscreen
Dramatic suspension and chassis changes required a wider back end on the 2015 Mustang. Rear wheels are nearly 3 inches further apart and rear fenders are about 1.5 in. wider than on current car. (Photo: Ford) Fullscreen
The 2015 Ford Mustang's headlights are more powerful and the fog lights are relocated. (Photo: Ford) Fullscreen
The design of the 2015 Ford Mustang was done at the huge Mustang studio in Dearborn, Mich., near the automaker's headquarters. That's counter to the trend of designing in California or overseas. (Photo: Ford) Fullscreen
The middle roof pillar -- called the B pillar -- is hidden behind the door glass for a smoother silhouette. The B pillar normally is exposed and sits between the front and rear window glass. (Photo: Ford) Fullscreen
Roof line of the 2015 Mustang is 1.5 in. lower than on its predecessor, to help the car slip through the air easier. (Photo: Ford) Fullscreen
Engineers gave all versions of the 2015 Mustang an independent rear suspension. That's a first, intended to improve ride, handling and steering. It's costlier than the solid rear axle the car has used since launch April 17, 1964. (Photo: Ford) Fullscreen
Traditional-looking dashboard belies updated electronics. The transmission is a Getrag six-speed and the shiftier has been modified to provide what Ford says are shorter, smoother throws. (Photo: Ford) Fullscreen
Passenger airbag is inside the glove box door to allow a sleeker dashboard on the 2015 Mustang. Middle air vent can be replaced with pair of gauges. (Photo: Ford) Fullscreen
Running horse logo remains prominent on the 2015 Mustang. (Photo: Ford) Fullscreen
GT V-8 version of the redesigned 2015 Ford Mustang uses different-size tires front and rear to tailor handling. (Photo: Ford) Fullscreen
Front of the 2015 Ford Mustang was designed to have a "shark-like" appearance, says Joel Piaskowski, Mustang design director. (Photo: Ford) Fullscreen
Tires have a rub strip to minimize curb rash on the expensive allow wheels, which sit flush with the body. (Photo: Ford) Fullscreen
Three-bar lights and forward slant of car's nose are part of the "shark-like" appearance of the 2015 Mustang. (Photo: Ford) Fullscreen
When operating as turn signals, the 2015's three-bar rear lights flash sequentially in the direction of the turn, a feature of early Mustangs and also used by Ford on 1960s Thunderbirds and Mercury Cougars. (Photo: Ford) Fullscreen
Hood of the redesigned 2015 Ford Mustang has functional air vents rather than phony ones some cars use for a high-performance look. (Photo: Ford) Fullscreen
Wider rear to accommodate the new suspension is clearly evident on the 2015 Mustang. (Photo: Ford) Fullscreen
Three engines will be offered. Base is 3.7-liter V-6 to be rated about 300 hp. Optional, and likely favored overseas, is 2.3-liter EcoBoost turbocharged four of at least 305 hp. GT gets 5-liter V-8 fo at least 420 hp. (Photo: Ford) Fullscreen Like this topic? You may also like these photo galleries:ReplayFord also announced its first "appearance package" for the new Mustang, commemorating its 50th-anniversary edition.
The package will be available for turbocharged Mustang EcoBoost Premium and hot Mustang GT Premium models. The appearance package includes a chrome-accented grille, round 50 Years rear badge, 19-inch alloy wheels with all-season tires, anniversary floor mats and unique seat and door-trim stitching, Ford said.
The package has some of the elements of the limited-edition 50th anniversary Mustang, which was announced at the New York Auto Show.
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