2023 Ford Mustang: Preview, Pricing, Release Date

William Kinton
Automotive Editor - February 16, 2022

Model Preview

The Ford Mustang is an American icon and a perennial favorite in the sport coupe category. The 2023 Mustang is expected to be a carryover model from the 2022 model year, with a potential major redesign expected for the 2024 model year.

The current Mustang follows the classic shape that we’ve seen from all Mustangs since the major “retro” style redesign of 2005. It has a large hood with vents, angry-looking headlights, a wide stance, and throwback three vertical taillights. Inside there are more retro design cues, but the standard gauges can be swapped out for a digital instrument cluster. There are enough seats for four people, but the rear is extremely cramped and may result in a loss of feeling in the legs of adults after a long enough drive.

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. GT models receive the classic 5.0-liter V8 with 450 horsepower and 420 lb-ft of torque, while the Mach 1 gets an extra 20 horsepower out of the same engine. At the top of the Mustang trim level hierarchy is the Shelby GT500, which gets a supercharged 5.2-liter that puts out an insane 760 horsepower and 625 lb-ft of torque.

The current Mustang is pretty safe for a sports car, with standard active safety features like automatic emergency braking, active lane control, automatic high beams, and blind-spot monitoring, while features like adaptive cruise control and parking sensors are optional. In terms of crash testing, NHTSA has given the Mustang a five-star rating while IIHS labeled it “Good” in all areas except the small-overlap test, where the vehicle only managed to achieve an “Acceptable” score.

Pricing & Release Date

No release date has been confirmed for the 2023 Mustang, but we expect it to hit showrooms towards the end of 2022 based on previous model year announcements. However, this may be pushed back due to the well-publicized chip shortage that is affecting the auto industry.

Pricing is unlikely to change drastically for the 2023 model year, and will be similar to the current price range. Current models range start at $28,400.

The Ford Mustang has direct competitors in the Chevrolet Camaro and Dodge Challenger, and eventually the 2023 Nissan Z.

More details will be added to this page as they come out.

Pictured: 2022 Ford Mustang

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