New Ford Mustang 2020 pricing and specs detailed: Iconic muscle car is now more expensive

Ford Australia has given its iconic muscle car, the Mustang, a price rise.

With the exception of the automatic 2.3L High Performance Convertible that’s up $300, all Mustang variants are now $500 dearer.

As such, the Mustang range now kicks off at $51,490 plus on-road costs for the manual 2.3L High Performance Fastback (coupe) and reaches $100,480 for the manual R-Spec Fastback.

No changes have been made to specification, with a Ford Australia spokesperson telling CarsGuide “the price changes are effectively seasonal, … influenced by factors including exchange rates and so on”.

As before, the Mustang is available with two engines: a 236kW/448Nm 2.3-litre turbo-petrol four-cylinder (2.3L High Performance) and a 5.0-litre petrol V8 in two forms: 339kW/556Nm naturally aspirated (GT) and 522kW/827Nm supercharged (R-Spec).

Excluding the automatic-only convertible body style, 2.3L High Performance and GT versions come with the choice of a six-speed manual or a 10-speed torque-converter automatic, with the former the only option for the sole R-Spec variant. All are rear-wheel drive.

As reported, 2.3L High Performance versions replaced their EcoBoost predecessors in March, while the locally developed R-Spec variant joined the Mustang range in February.

2020 Ford Mustang pricing before on-road costs

Variant Transmission Cost
2.3L High Performance Fastback manual $51,490 (+$500)
2.3L High Performance Fastback automatic $54,490 (+$500)
2.3L High Performance Convertible automatic $51,490 (+$300)
GT Fastback manual $64,190 (+$500)
GT Fastback automatic $67,190 (+$500)
GT Convertible automatic $75,390 (+$500)
R-Spec Fastback manual $100,480 (+$500)