2018 Ford Mustang GT Base Price Rises $1,900; Pricier Options Take the Bill to New Heights

Timothy Cain
by Timothy Cain

The 2018 Ford Mustang GT, freshly facelifted and powered up, will cost you 6 percent more than the 2017 Ford Mustang GT.

The base price for a Ford Mustang EcoBoost falls to $26,085, a $610 drop as Ford eliminates the basic Ford Mustang V6 from the lineup and moves the EcoBoost downmarket to aid affordability. Now with 310 horsepower and 350 lb-ft of torque, the least expensive 2018 Ford Mustang is $400 more than the least expensive 2017 Ford Mustang.

But it’s the 2018 Mustang GT, now priced from $35,995, that’s growing increasingly expensive. A $1,900 jump is nothing to sneeze at, particularly given the speed with which the $40K barrier is now crossed.

Non-Shelby Mustangs can get pricey in a hurry.

Replacing 2017’s $1,195 optional six-speed automatic transmission is a new 10-speed automatic co-developed with General Motors — it’s where the Camaro and Mustang showcase a most American form of overlap — that costs $1,595. Meanwhile, in order to match Ford’s hyped sub-4.0-second 0-60 miles per hour time, you’ll need to add a GT Performance Package that costs $3,995.

Back in the halcyon days of 2017, in which we still reside, the Mustang’s GT Performance Package was a $2,995 option group. You can now add MagneRide damping to a regular (i.e. non-Shelby) Mustang, for $1,695. There’s also a new $895 active valve performance exhaust.

Thus, to a Mustang GT Premium, add an automatic transmission, orange paint, the 401A option group (with a 12-inch digital instrument cluster, heated steering wheel, navigation, and nicer trim), a security package, performance exhaust, the performance package, blind spot monitoring, MagneRide, Shaker audio, and Recaro seats, and the price climbs to $55,250.

The 2018 Shelby GT350 starts at $58,045, a $1,000 increase over 2017.

Undoubtedly, there’s more for your money with the 2018 Mustang. The EcoBoost now generates 30 additional lb-ft of torque. The 5.0 GT produces 25 more horsepower and 20 more lb-ft of torque than in 2017. Two-pedal drivers will appreciate the benefits of the 10-speed transmission.

But you’re also seeing the impact of steadily decreasing Mustang sales. Ford wants to make money on the Mustang, a global success story for the Blue Oval. With U.S. Mustang sales falling, doing so requires making more money per Mustang.

Mustang volume tumbled 13 percent in 2016. Through the first-half of 2017, U.S. Mustang sales are down 29 percent, with Ford on track to sell only 75,000 Mustangs by year’s end. That’d be a six-year low, and a 55-percent drop from 2006, when Ford didn’t have pesky rivals from Chevrolet and Dodge stealing market share.

[Image: Ford Motor Company]

Timothy Cain is a contributing analyst at The Truth About Cars and Autofocus.ca and the founder and former editor of GoodCarBadCar.net. Follow on Twitter @timcaincars.

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  • Sportyaccordy Sportyaccordy on Jul 26, 2017

    Cars are expensive. With the SS dead, and the Camaro interior still feeling like a basement studio apartment (albeit now nicely furnished), what else is there? A stripper C7 starts where this thing ends obviously nowhere near equipped and everything else at the price point has an inferior powerplant. Silverado maybe?

    • Dan Dan on Jul 26, 2017

      Factoring in the incentives on an ancient Chrysler and their non-existence here until sometime next year, these are going to start pretty close to where a 392 Challenger ends. I know where I'd want to be.

  • Ajla Ajla on Jul 26, 2017

    They could give the EB 400 hp and price it at $25K and I still wouldn't want it.

    • Hummer Hummer on Jul 26, 2017

      +1 Talk about a lousy base engine option.

  • HotRod Not me personally, but yes - lower prices will dramatically increase the EV's appeal.
  • Slavuta "the price isn’t terrible by current EV standards, starting at $47,200"Not terrible for a new Toyota model. But for a Vietnamese no-name, this is terrible.
  • Slavuta This is catch22 for me. I would take RAV4 for the powertrain alone. And I wouldn't take it for the same thing. Engines have history of issues and transmission shifts like glass. So, the advantage over hard-working 1.5 is lost.My answer is simple - CX5. This is Japan built, excellent car which has only one shortage - the trunk space.
  • Slavuta "Toyota engineers have told us that they intentionally build their powertrains with longevity in mind"Engine is exactly the area where Toyota 4cyl engines had big issues even recently. There was no longevity of any kind. They didn't break, they just consumed so much oil that it was like fueling gasoline and feeding oil every time
  • Wjtinfwb Very fortunate so far; the fleet ranges from 2002 to 2023, the most expensive car to maintain we have is our 2020 Acura MDX. One significant issue was taken care of under warranty, otherwise, 6 oil changes at the Acura dealer at $89.95 for full-synthetic and a new set of Michelin Defenders and 4-wheel alignment for 1300. No complaints. a '16 Subaru Crosstrek and '16 Focus ST have each required a new battery, the Ford's was covered under warranty, Subaru's was just under $200. 2 sets of tires on the Focus, 1 set on the Subie. That's it. The Focus has 80k on it and gets synthetic ever 5k at about $90, the Crosstrek is almost identical except I'll run it to 7500 since it's not turbocharged. My '02 V10 Excursion gets one oil change a year, I do it myself for about $30 bucks with Synthetic oil and Motorcraft filter from Wal-Mart for less than $40 bucks. Otherwise it asks for nothing and never has. My new Bronco is still under warranty and has no issues. The local Ford dealer sucks so I do it myself. 6 qts. of full syn, a Motorcraft cartridge filter from Amazon. Total cost about $55 bucks. Takes me 45 minutes. All in I spend about $400/yr. maintaining cars not including tires. The Excursion will likely need some front end work this year, I've set aside a thousand bucks for that. A lot less expensive than when our fleet was smaller but all German.
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