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Since its introduction in 2015, the S550 Mustang has been Australia’s best-selling sports car. Finally available in right-hand-drive configuration, the Mustang proved to be the perfect car to reestablish the American pony car legend in Australia. However, after a successful eight years on the global market, it is time for an all-new Mustang model. Introduced in late 2022, the S650 seventh-generation Mustang arrived in Ford’s US showrooms in the spring of 2023. But, Australian (and most of the global) customers will have to wait until early 2024 to get their hands on the hottest (and only) new muscle car.
Ford Australia has just released all relevant information about the 2024 Mustang along with the prices, packages and equipment. As you can expect, the new model is more expensive than the outgoing, but the price hike is justified with advanced features, improved performance and more standard equipment. Like with the S550 generation, standard Australian-spec models include a lot of features that are optional on the US versions. There are also a few subtle mechanical changes to Australian cars. So, in order to find out what is the best 2024 Mustang for you, we bring you the ultimate S650 2024 Ford Mustang Australian Pricing Buyers Guide.
|Options||GT Fastback||GT Convertible||EcoBoost Fastback||Dark Horse||Pricing^ (Inc. GST)|
|Dark Horse Appearance Pack||✓||✓||$2,750.00|
^ Pricing Excludes LCT and On Road Costs (Stamp Duty, Registration, Dealer Delivery and other charges).
The entry-level 2024 Mustang is again the 2.3-litre, turbocharged, four-cylinder EcoBoost model with slightly more power than the outgoing car at 232 kW and a pretty substantial 475 Nm of torque. It is available only as a Fastback coupe and only with a 10-speed automatic transmission. However, it is pretty loaded from the start with dark grey 19-inch wheels wrapped in Pirelli P Zero tires, an active-valve exhaust system with quad tailpipes, Brembo brakes, LED headlights, paddle shifters and limited-slip differential with 3.55:1 final drive. One of the coolest S650 Mustang options – the Drift Brake is included in the base spec model, which will make new Ford Mustang fans very happy and very sideways.
There are eleven exterior colours, and only Oxford White and Race Red are at no extra cost; for the rest of the lineup, Ford is asking an additional $700. In the interior, leather-accented seats are standard. The Australian version of the 2024
EcoBoost Fastback will have what is known as a Premium Package interior in America. It includes a bigger 12.4-inch digital cluster, a 13.2-inch infotainment screen, wireless charging, Sync 4 with Apple Car Play and Android Auto, an approach detection system with welcome/farewell lightning sequence and safety drivers’ assistance monitoring, including blind spot monitoring as standard. Interestingly, the Australian base spec 2024 EcoBoost will also get a premium Bang & Olufsen audio system with 12 speakers and a subwoofer. Due to the upgraded infotainment system, all 2024 Mustangs sold on the Australian market will have track apps accessible through the 12.4 digital instrument cluster. Driver will be able to use acceleration timer, brake performance, lap timer, line-lock feature and accelerometer. However, launch control is available only for manual-equipped cars, so it is not available on EcoBoost models. Also, five driving modes are standard as well.
Besides all of that, Australian buyers will have a chance to purchase the EcoBoost Appearance Pack ($1,500), which includes a special EcoBoost spoiler and racing stripes which will give the 2024 Mustang EcoBoost Fastback a unique look. Even though the price of the 2024 2.3 EcoBoost has increased some $9000 over the outgoing “high performance” model, it still represents fantastic value for the money without any real competition. For example, the 2023 Toyota Supra is almost $25,000 more expensive!
The sweet spot of the 2024 S650 Mustang range is, of course, the GT. Powered by an upgraded 5.0-litre, naturally-aspirated V8 engine, this rapid pony delivers more power than its predecessor at 347 kw and 550 Nm. It is 10 kW less than the US-spec GT and 8 kW more than the previous model. The GT is available as a 6-speed manual (standard version) or 10-speed automatic (around $4000 option). The base spec model is a GT Fastback coupe, but the GT Convertible can be ordered at an additional cost. All 2024 Mustang GTs for the Australian market will come with an auxiliary engine oil cooler to endure extreme temperatures. The high level of standard features will include all the EcoBoost equipment, plus leather seats, staggered 19-inch wheels with performance rubber, Brembo brakes, a unique hood with cooling ducts, an active exhaust system, Drift brake and LED headlights. The 2024 S650 GT will also get driver’s apps, driving mods, and the launch control for manual-equipped models. The dashboard layout is the same, with a 12.4-inch customizable digital cluster and a 13.2-inch infotainment screen. The Bang & Olufsen premium audio is also standard.
The colour palette is the same; white and red are no-cost options. All other colours are optional at $700. However, the Australian 2024 Mustang GT has few more options than the EcoBoost and first on the list are Recaro seats at $2,950, which are a must-have if you plan to track your car. The GT Appearance Package will add $1,500, and you will get racing stripes and a unique rear spoiler. The mighty MangneRide suspension will set you back $2,950, and adds red Brembo calipers. There is also the Black Pack, a $1,500 appearance package that will include black badges (front pony, 5.0 and rear GT), black mirror caps, black roof and black wheels. However, the MagneRide, Recaro seats and GT Appearance Pack are unavailable on GT Convertible models, only on Fastback. If you select the MagneRide option, your car will have red Brembo brake callipers, as mandatory. At the same time, if you opt for the GT Appearance Pack, you cannot get the MagneRide or Black Pack. However, if you choose the Black Pack, you can get the MagneRide option along with it.
The upcoming Mustang GT S650 is, on average, around $12,000 more expensive than the outgoing model, which is a significant rise in pricing. Even though the top-of-the-line 2024 Ford Mustang GT Convertible can cost around $90,000, it is still reasonably priced compared to the 2024 BMW M4, which starts at $149,000 in its base form with a six-speed manual. Also, with the Chevrolet Camaro and Dodge Challenger being discontinued, the S650 Mustang is the only 5.0-litre V8 powered muscle car still around.
The 2024 Mustang Dark Horse is the newest performance “special edition” model, which sits above the GT range and replaces the S550 Mach 1. The good news is that Ford decided to offer this model to Australian buyers in limited quantities (1000 examples). However, the bad news is that the Australian-delivered Mustang Dark Horse will be less powerful than the American model. The US-spec cars have 500 hp (373 kW) from a tuned 5.0-liter V8. The Australian models will have “just” 349 kw, which is just two kw more than the standard 2024 Mustang GT. Apparently, there is a slightly different exhaust manifold for Australian Dark Horse models to comply with local environmental and noise regulations. The auxiliary engine oil coolers are part of the standard package.
The 2024 Dark Horse will come with a unique front fascia, wheel design, rear spoiler, graphic package, colour choices and with MagneRide suspension as standard. There are also a few more mechanical upgrades, like the Torsen limited slip differential and the Termec 6-speed manual, which considerably improve the Getrag manual transmission in the GT model. The famous Drift Brake feature is included in the standard equipment. The 2024 Dark Horse will only come as a Fastback coupe, and the 10-speed automatic is available, but it will raise the base price to over $103,002.
The interior is the same as in the GT, with special Recaro sport seats in “Black Onyx and Indigo Blue” as the only option at $2,950. The dashboard has the same digital cluster and infotainment screams, driver’s apps and features. An exciting and cool detail is the special blue gear leaver knob, which is made of titanium and can only be found on Dark Horse with manual transmission. Again, Oxford White and Race Red are no-cost options, and prestige colours are $700. The Dark Horse Appearance Pack, which costs $2,750, will add blue Brembo brake callipers, vinyl graphic decal for the bonnet and a black roof, and it is only available on Shadow Black or Vapor Blue cars. However, with that pack, you can also get a special Blue Ember Prestige Paint, unique to the Dark Horse model.
The 2024 Mustang Dark Horse is the first new Mustang to hit six figures, which is somewhat of a milestone. If we compare it to the 2021 Mustang Mach 1, which occupies the same spot in the Mustang range, the 2024 Dark Horse is significantly more expensive. When it was released, the Mach 1 was $83,000 plus on-road costs on the Australian market, which is considerably less than the Dark Horse’s $99,102 base price.
|Model||Pricing^ (Inc. GST)||Combined Fuel Economy||Kerb Weight|
|2024 Ford Mustang EcoBoost Fastback Auto||$64,990||9.4L/100km||1746 kg|
|2024 Ford Mustang GT Fastback Manual||$76,990||13.6L/100km||1813 kg|
|2024 Ford Mustang GT Fastback Auto||$79,990||12.9L/100km||1841 kg|
|2024 Ford Mustang GT Convertible Auto||$84,490||12.9L/100km||1881 kg|
|2024 Ford Mustang Dark Horse Fastback Manual||$93,990||15.5L/100km||1822 kg|
|2024 Ford Mustang Dark Horse Fastback Auto||$96990||12.9L/100km||1842 kg|
Ford announced the product and pricing lists in October of 2023, stating that the first deliveries for the Australian market will commence in Q2 of 2024. At the same time, the customers can specify their 2024 Mustang on the Ford Motor Company official site. However, the notable absence of the 2024 Dark Horse version from the official site suggests that this model might already be sold out. This may be due to it being limited to only 1000 allocations Ford has provided for the Australian market and that its deliveries are due in Australia at the same time as the EcoBoost and the GT models.
Disclaimer: All option prices include GST. Excludes LCT and on-road costs.
Life-long car enthusiast, an experienced car journalist, blogger, classic car expert, and avid collector of all things automotive. Always on the lookout for innovative automotive tech, exciting barn finds, and twisty scenic route for that perfect early-morning drive.