On Monday, Ford will lift the embargo for driving impressions of the heavily updated 2011 Ford Mustang, including autocross and drag race comparisons with the Chevrolet Camaro, but for now, it has announced pricing for its new pony car. Building on the legacy of the car's 47-year history, the 2011 Mustang features a sporty design, two impressive powertrains and competitive pricing against both traditional and nontraditional rivals. The 2011 Ford Mustang V-6 has a starting MSRP of $22,995 while the more powerful Mustang GT starts at $30,495 - both prices include requisite destination charges.
In addition to obvious cars such as the Chevrolet Camaro and the Dodge Challenger, Ford is also hoping that the Mustang will be cross shopped against other sporty coupes like the Honda Accord Coupe and the Hyundai Genesis Coupe. In terms of pricing, the 2011 Mustang undercuts the Accord Coupe, Challenger and Camaro, while the Genesis Coupe is only a $245 savings but can't compete in terms of performance. None of the competitors have been priced for the 2011 model year yet, but the 2010 models are priced as follows: Hyundai Genesis Coupe: $22,750; 2010 Honda Accord: $23,265; 2010 Dodge Challenger: $23,460; and 2010 Chevrolet Camaro: $23,530 - like the Mustang's figures, all pricing includes destination charges.
Out of these four vehicles, none can match the base Mustang when it comes to balancing pricing, performance and fuel economy. With its new 3.7-liter V-6, the 2011 Ford Mustang became the first production car ever to achieve more than 300 horsepower AND 30 miles per gallon on the highway, and with 305 horsepower and an official EPA estimate of 31 highway mpg, the new Mustang beats out all of the base-model competition. Surprisingly, that 31 mpg rating matches the Honda Accord Coupe equipped with a 161-horsepower inline-4, and to outmuscle the Mustang, the Genesis Coupe would have to be equipped with its optional 306-horsepower, 3.8-liter V-6 which also adds $3,000 to the starting price with an MSRP of $25,750. As for the Accord Coupe, V-6 models start at $29,305.
Of course, the Accord Coupe and Genesis Coupe can only compete with the base Mustang as neither offers anything close to the power available in a V-8 leaving only the Challenger R/T and Camaro SS to compete in the modern muscle car wars alongside the Mustang GT. The 2011 Mustang marks the return of the iconic 5.0 badge with the all-new 5.0-liter V-8 that produces 412 horsepower and 390 lb-ft of torque while delivering 26 mpg on highway. The Camaro SS delivers slightly better horsepower and the Dodge Challenger delivers slightly better torque, but again the Mustang GT balances power, price and fuel economy (beating both of the competition in the latter two categories).
The 2011 Ford Shelby GT500 has yet to receive its final pricing, but with its supercharged all-aluminum V-8 pumping out 550 horsepower, the only real competition comes from more performance-based cars such as the Chevrolet Corvette Z06 and Nissan GT-R.