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2024 Ford Mustang Overview, Reviews, Ratings & Specs

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Cathleen V | September 24, 2025
The 2024 Ford Mustang represents the seventh generation of this legendary American pony car, continuing a rich heritage dating back to 1964.5. It's offered as a distinctive 2-door coupe and convertible. Key trims include the efficient EcoBoost, the iconic GT, and the track-focused Dark Horse. With an estimated MSRP ranging from approximately $31,000 to over $60,000, its blend of classic muscle car styling, powerful engine options, and cutting-edge technology makes it a consistently popular and standout choice in the sports car segment.
The Good

The 2024 Mustang offers exhilarating performance, especially with its potent V8 engines, appealing to emotional buyers seeking raw power and an iconic exhaust note. Its bold, aggressive design and rich heritage provide strong emotional connection. For practical buyers, the EcoBoost variant delivers respectable fuel efficiency, while all models boast modern tech and competitive value. Generally reliable, it combines everyday usability with thrilling driving dynamics.

The Bad

Potential weaknesses for the 2024 Ford Mustang include limited rear seat space, which is common for a 2+2 coupe, and potentially restricted rear visibility, especially in coupe models. V8 variants can be quite thirsty on fuel, leading to higher running costs. While interior quality has improved, some base trim materials might still feel less premium than rivals. High insurance premiums can also be a factor.

2024 Ford Mustang: Quick Overview

  • Engine Options:
    • 2.3-liter EcoBoost turbocharged 4-cylinder.
    • 5.0-liter Coyote naturally aspirated V8 (GT).
    • Upgraded 5.0-liter Coyote naturally aspirated V8 (Dark Horse).
  • Horsepower:
    • EcoBoost: Approximately 315 horsepower and 350 lb-ft of torque.
    • GT: Approximately 480 horsepower (486 hp with active exhaust) and 415 lb-ft of torque.
    • Dark Horse: Approximately 500 horsepower and 418 lb-ft of torque.
  • Fuel Economy (EPA Estimates - Subject to change):
    • EcoBoost: Around 22 MPG city / 33 MPG highway (automatic).
    • GT: Around 15 MPG city / 24 MPG highway (automatic).
    • Dark Horse: Expected to be similar to or slightly lower than GT.
  • 0-60 MPH Times (Manufacturer Estimates):
    • EcoBoost: Low 5-second range.
    • GT: Low 4-second range (around 4.0-4.3 seconds).
    • Dark Horse: Sub-4-second range.
  • Towing Capacity: Not recommended for towing. Typically, muscle cars like the Mustang have a very low or non-existent towing capacity (often less than 1,000 lbs, primarily for emergency use).
  • Trim-Level Features:
    • EcoBoost: Standard 12.4-inch digital instrument cluster and 13.2-inch SYNC 4 infotainment system with wireless Apple CarPlay and Android Auto. Includes LED headlights, 17-inch alloy wheels, and Ford Co-Pilot360 driver-assist technologies.
    • GT: Builds on EcoBoost with the powerful 5.0L V8 engine, larger brakes, sport-tuned suspension, and unique exterior styling cues. Options like an active valve performance exhaust are available to amplify the V8 roar.
    • Dark Horse: Designed for track performance with a specially tuned 5.0L V8, unique MagneRide damping system, Brembo brakes, heavier-duty driveline components, and unique aerodynamic enhancements. Features a more aggressive appearance, stiffer springs, and wider tires for enhanced grip. It also boasts a standard six-speed manual Tremec transmission, with an optional 10-speed automatic.

2024 Ford Mustang Specifications

Vehicle Information
Year 2024
Make Ford
Model Mustang
Trim -
Style Convertible Rear-Wheel Drive
Type Convertible
Category Convertible
Manufacturing Details
Made In United States
Manufacturing City FLAT ROCK
Dimensions
Doors 2-Door
Curb Weight -
Gross Vehicle Weight Rating -
Overall Height -
Overall Length 479.81 cm
Overall Width -
Wheelbase Length 272.03 cm
Standard Seating 4
Engine & Performance
Engine 2.3-L I4
Engine Size 2.3L
Engine Cylinders 4
Transmission 10-Speed Automatic
Transmission Type Automatic
Transmission Speeds 10-Speed
Drivetrain Rear-Wheel Drive
Additional Features
Anti-Brake System 4-Wheel ABS
Steering Type Rack & Pinion
Pricing
Manufacturer Suggested Retail Price (MSRP) $38,295 USD
Invoice Price -
Delivery Charges $1,595 USD

Vehicle History Report

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Analysis

What Problems Does the 2024 Ford Mustang Have?

As the 2024 Ford Mustang is a brand-new generation, extensive long-term owner data on frequently reported problems is not yet available. However, based on previous Mustang generations and initial reports, some potential areas to monitor or common themes in sports cars can be discussed.

Frequently Reported Problems (Anticipated/Historical):
Historically, Mustangs, particularly performance models, have sometimes seen reports related to manual transmission feel, such as "rev hang" or notchiness. Electrical glitches with infotainment systems or various sensors can occasionally surface across many new vehicle launches. Owners might also report minor fit and finish issues like interior rattles or squeaks, though Ford has aimed for significant improvements in the 7th generation's interior quality.

For any performance vehicle, how it's driven and maintained significantly impacts its longevity. Hard driving, track use, or extensive modifications can accelerate wear on components like brakes, tires, suspension, and driveline parts. Over time, some owners of higher-mileage previous-gen Mustangs have reported issues with power steering pumps (prior to electric power steering), differential noise, or cooling system components.

Recalls:
It is too early for the 2024 Mustang to have established a significant recall history. New models can sometimes have recalls for minor software updates or component fixes that emerge once a larger number of vehicles are on the road. Prospective owners should always check the NHTSA (National Highway Traffic Safety Administration) website using the VIN for any current or past recalls once the vehicle is in production and sold.

Long-Term Reliability Concerns:
Ford's Coyote V8 engine generally has a good reputation for durability, provided it's properly maintained with regular oil changes and service. The EcoBoost engine, while capable, can be subjected to more stress if consistently driven hard, potentially affecting long-term turbocharger or engine component life without diligent maintenance. Transmissions (both manual and automatic) are critical components, and their long-term performance under various driving conditions will be key. Overall, with good maintenance habits, the Mustang has typically proven to be a durable vehicle, with many examples reaching well over 150,000-200,000 miles.

How long will the 2024 Ford Mustang last?

With diligent maintenance, a 2024 Ford Mustang can reasonably be expected to achieve an average mileage of 150,000 to 200,000 miles, equating to 10-15 years of service or more. Its long-term durability is generally strong, particularly the robust Coyote V8 engine, which has a proven track record.

However, weaknesses can emerge over time. Suspension components like bushings and shocks will eventually require replacement, especially on performance models driven hard. Electrical systems, while improving, can sometimes develop gremlins in older vehicles. Interior materials, particularly in high-touch areas, may show wear and tear. Rust can become a concern in regions with harsh winters if the undercarriage isn't regularly cleaned. Consistent fluid changes, timely part replacements, and addressing minor issues promptly are crucial for maximizing its lifespan and mitigating age-related weaknesses.

What Technology & Safety Features are Included?

The 2024 Ford Mustang takes a significant leap forward in technology, creating a modern and engaging cockpit experience. At its heart is a standard, immersive dual-screen setup: a 12.4-inch digital instrument cluster seamlessly flowing into a 13.2-inch center touchscreen running Ford's latest SYNC 4 infotainment system. This system boasts wireless Apple CarPlay and Android Auto compatibility, enhancing connectivity and reducing cable clutter. Advanced voice recognition allows for intuitive control of various functions. An optional, premium B&O Sound System is available for audiophiles, delivering a rich and powerful audio experience.

For driver assistance and safety, the 2024 Mustang comes equipped with Ford Co-Pilot360 technology, providing a comprehensive suite of features. Standard safety and assistance aids include Automatic Emergency Braking with Pedestrian Detection, Lane-Keeping System (which includes Lane-Keeping Assist, Lane-Keeping Alert, and Driver Alert), Auto High-Beam Headlamps, and Blind Spot Information System (BLIS) with Cross-Traffic Alert. These features aim to enhance awareness and mitigate potential collisions.

Optional driver-assistance technologies further elevate convenience and safety. These may include Adaptive Cruise Control, which maintains a set distance from the vehicle ahead, and Evasive Steering Assist, which provides steering support to help avoid a collision if a forward collision is imminent and braking alone is insufficient. Rear parking sensors are also available to aid in maneuvering in tight spaces.

Regarding crash-test ratings, as of its initial release, the 2024 Ford Mustang had not yet received full crash-test evaluations from organizations like the National Highway Traffic Safety Administration (NHTSA) or the Insurance Institute for Highway Safety (IIHS). However, based on the previous generation's generally good performance and Ford's continuous commitment to safety, it is anticipated to perform well in these assessments. The vehicle includes a standard array of airbags, traction control, stability control, and a rearview camera to provide fundamental safety protection.

What Colors Options are Available?

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2024 Ford Mustang Prices and Market Value

When new, the 2024 Ford Mustang offers a broad pricing spectrum. The EcoBoost starts around $31,000-$37,000, the GT typically ranges from $42,000-$50,000, and the performance-focused Dark Horse enters at approximately $60,000 and can climb significantly with options. Convertible versions add a premium to these figures.

For current used market prices, as the 2024 model year is brand new, there isn't a significant "used" market yet. Any available 2024 models will likely be very close to their original MSRP, potentially even above for highly desirable trims or limited editions due to demand and initial scarcity. Mustangs generally exhibit good depreciation characteristics, especially V8 models, which tend to hold their value better than some other sports cars due to their iconic status and strong enthusiast following. Factors influencing resale value include trim level (GT and Dark Horse retain value strongest), mileage, overall condition, desirable optional packages, and color. Excessive or poorly executed modifications can negatively impact resale value.

2024 Ford Mustang Cost of Ownership

Owning a 2024 Ford Mustang involves moderate to high long-term costs, classifying it as more costly than an economy car but less than a premium sports car. Insurance can be notably high, especially for V8 models and younger drivers, due to its performance capabilities and theft risk. Fuel costs vary significantly: EcoBoost models are relatively economical, but the GT and Dark Horse V8s demand premium fuel and consume it quickly, making them expensive to run. Routine maintenance is comparable to other Ford vehicles, with parts widely available. Repair costs can be higher if performance-specific components fail, requiring specialized labor. Overall, it's not an economical vehicle, especially in V8 guise, where fuel and insurance significantly contribute to ownership expenses.

2024 Ford Mustang Fuel Efficiency

Fuel Type Gasoline
Fuel Capacity 34.37 liters
City Mileage 4.55 km/l
Highway Mileage 3.02 km/l

2024 Ford Mustang Safety Rating

NHTSA
Overall Rating
Overall Frontal Star Rating
Side Overall Star Rating
Overall Rollover Star Rating
Combined Front Seat Rating
Combined Rear Seat Rating
Overall Frontal Star Rating
Frontal Barrier Star Ratings Not Tested
Overall Side Star Rating
Side Barrier Star Ratings
Side Pole Star Rating
Combined Side Barrier And Side Pole Star Ratings Not Tested
Rollover Resistance Star Rating

2024 Ford Mustang Recalls & Defects

Service Brakes, Hydraulic:pedals and Linkages
Recall date 2023-11-28
Recall no. 23v800000
Source NHTSA
Summary Ford Motor Company (Ford) IS Recalling Certain 2024 Mustang Vehicles. THE Brake Pedal Assembly MAY Have Been Manufactured Incorrectly, Which CAN Result IN A Loose Brake Pedal.
Consequence A Loose Brake Pedal CAN Result IN A Loss OF Braking Function, Increasing THE Risk OF A Crash.
Remedy Owners ARE Advised NOT TO Drive Their Vehicle Until THE Repair HAS Been Performed. Dealers Will Replace THE Brake Pedal and Bracket Assembly, Free OF Charge. Owner Notification Letters Were Mailed December 21, 2023. Owners MAY Contact Ford Customer Service AT 1-866-436-7332. Ford's Number FOR This Recall IS 23s61.
Notes Owners MAY Also Contact THE National Highway Traffic Safety Administration Vehicle Safety Hotline AT 1-888-327-4236 (Tty 1-800-424-9153), or GO TO Www.nhtsa.gov.
Electrical System: Instrument Cluster/Panel
Recall date 2024-10-25
Recall no. 24v802000
Source NHTSA
Summary Ford Motor Company (Ford) IS Recalling Certain 2024 Mustang Vehicles. THE Instrument Panel Cluster (Ipc) MAY NOT Illuminate AT Startup or While Driving. AS Such, These Vehicles Fail TO Comply With THE Requirements OF Federal Motor Vehicle Safety Standard Numbers 101, "control and Displays" and 102, "transmission Shift Lever Sequence, Starter Interlock, and Transmission Braking Effect."
Consequence AN Instrument Panel Display That Does NOT Show Critical Information, Such AS Warning Lights or Vehicle Speed, Increases THE Risk OF A Crash.
Remedy Dealers Will Update THE Instrument Panel Cluster Software, Free OF Charge. Owner Notification Letters Were Mailed ON February 25, 2025. Owners MAY Contact Ford Customer Service AT 1-866-436-7332. Ford's Number FOR This Recall IS 24c35.
Notes Owners MAY Also Contact THE National Highway Traffic Safety Administration Vehicle Safety Hotline AT 1-888-327-4236 (Tty 1-800-424-9153) or GO TO Nhtsa.gov.
Electrical System:software
Recall date 2024-10-25
Recall no. 24v802000
Source NHTSA
Summary Ford Motor Company (Ford) IS Recalling Certain 2024 Mustang Vehicles. THE Instrument Panel Cluster (Ipc) MAY NOT Illuminate AT Startup or While Driving. AS Such, These Vehicles Fail TO Comply With THE Requirements OF Federal Motor Vehicle Safety Standard Numbers 101, "control and Displays" and 102, "transmission Shift Lever Sequence, Starter Interlock, and Transmission Braking Effect."
Consequence AN Instrument Panel Display That Does NOT Show Critical Information, Such AS Warning Lights or Vehicle Speed, Increases THE Risk OF A Crash.
Remedy Dealers Will Update THE Instrument Panel Cluster Software, Free OF Charge. Owner Notification Letters Were Mailed ON February 25, 2025. Owners MAY Contact Ford Customer Service AT 1-866-436-7332. Ford's Number FOR This Recall IS 24c35.
Notes Owners MAY Also Contact THE National Highway Traffic Safety Administration Vehicle Safety Hotline AT 1-888-327-4236 (Tty 1-800-424-9153) or GO TO Nhtsa.gov.
Suspension:rear
Recall date 2024-08-09
Recall no. 24v593000
Source NHTSA
Summary Ford Motor Company (Ford) IS Recalling Certain 2024 Mustang Vehicles. THE Rear Suspension Knuckles MAY Have A Casting Defect That Causes Them TO Fail, Which CAN Result IN A Loss OF Vehicle Handling and Steering Control.
Consequence A Loss OF Vehicle Handling and Steering Control Increases THE Risk OF A Crash.
Remedy Dealers Will Inspect and Replace THE Rear Suspension Knuckle AS Necessary, Free OF Charge. Owner Notification Letters Were Mailed August 26, 2024. Owners MAY Contact Ford Customer Service AT 1-866-436-7332. Ford's Number FOR This Recall IS 24s49.
Notes Owners MAY Also Contact THE National Highway Traffic Safety Administration Vehicle Safety Hotline AT 1-888-327-4236 (Tty 1-800-424-9153), or GO TO Www.nhtsa.gov.
Fuel System, Gasoline:delivery:hoses, Lines/Piping, and Fittings
Recall date 2024-03-22
Recall no. 24v220000
Source NHTSA
Summary Ford Motor Company (Ford) IS Recalling Certain 2024 Mustang Vehicles Equipped With 2.3l Engines. THE Low-Pressure Fuel Supply Line MAY BE Damaged or Cut, Which CAN Result IN A Fuel Leak.
Consequence A Fuel Leak IN THE Presence OF AN Ignition Source Such AS HOT Engine or Exhaust Components, CAN Increase THE Risk OF A Fire. IN Addition, A Loss OF Fuel MAY Result IN AN Engine Stall, Increasing THE Risk OF A Crash.
Remedy Dealers Will Replace THE Low-Pressure Fuel Supply Line, Free OF Charge. Owner Notification Letters Were Mailed April 4, 2024. Owners MAY Contact Ford Customer Service AT 1-866-436-7332. Ford's Number FOR This Recall IS 24s19.
Notes Owners MAY Also Contact THE National Highway Traffic Safety Administration Vehicle Safety Hotline AT 1-888-327-4236 (Tty 1-800-424-9153), or GO TO Www.nhtsa.gov.
Service Brakes, Hydraulic:brake Fluid Low Warning:switch/Sensor/Float
Recall date 2024-06-28
Recall no. 24v496000
Source NHTSA
Summary Ford Motor Company (Ford) IS Recalling Certain 2024 Mustang Vehicles. THE Brake Fluid Level Sensor MAY NOT BE Properly Configured After A Body Control Module (Bcm) Service Update, Resulting IN A Constantly Illuminated Brake Fluid Level Warning Light That CAN Conceal A Low Brake Fluid Condition.
Consequence AN Undetected Low Brake Fluid Condition CAN Lead TO A Loss OF Braking Function, Increasing THE Risk OF A Crash.
Remedy Dealers Will Update THE Body Control Module (Bcm) Software, Free OF Charge. Owner Notification Letters Were Mailed July 12, 2024. Owners MAY Contact Ford Customer Service AT 1-866-436-7332. Ford's Number FOR This Recall IS 24s43.
Notes Owners MAY Also Contact THE National Highway Traffic Safety Administration Vehicle Safety Hotline AT 1-888-327-4236 (Tty 1-800-424-9153), or GO TO Www.nhtsa.gov.
Fuel System, Gasoline:fuel Injection System:injectors
Recall date 2024-08-23
Recall no. 24v634000
Source NHTSA
Summary Ford Motor Company (Ford) IS Recalling Certain 2023 Lincoln Corsair, 2023-2024 Escape, 2024 Mustang, and 2025 Explorer Vehicles. THE Fuel Injectors MAY Have Been Assembled Without O-Ring Support Discs, Which CAN Result IN A Fuel Leak.
Consequence A Fuel Leak IN THE Presence OF AN Ignition Source Increases THE Risk OF A Fire.
Remedy Dealers Will Install NEW Fuel Injector O-Rings and O-Ring Support Discs, Free OF Charge. Owner Notification Letters Were Mailed October 7, 2024. Owners MAY Contact Ford Customer Service AT 1-866-436-7332. Ford's Number FOR This Recall IS 24s54.
Notes Owners MAY Also Contact THE National Highway Traffic Safety Administration Vehicle Safety Hotline AT 1-888-327-4236 (Tty 1-800-424-9153), or GO TO Www.safercar.gov.
Power Train:clutch Assembly:linkage:hydraulic Hose/Fittings
Recall date 2024-06-03
Recall no. 24v394000
Source NHTSA
Summary Ford Motor Company (Ford) IS Recalling Certain 2024 Mustang Vehicles. THE Clutch Pressure Line MAY BE Improperly Secured and Contact HOT Exhaust Components, Which CAN Result IN Melting OF THE Clutch Pressure Line and Cause A Brake Fluid Leak.
Consequence A Melted Clutch Pressure Line CAN Result IN A Loss OF Drive Power, Increases THE Risk OF A Crash. A Brake Fluid Leak Increases THE Risk OF Fire IN THE Presence OF AN Ignition Source.
Remedy Dealers Will Inspect THE Clutch Pressure Line and Repair IT AS Necessary, Free OF Charge. Owner Notification Letters Were Mailed June 14, 2024. Owners MAY Contact Ford Customer Service AT 1-866-436-7332. Ford's Number FOR This Recall IS 24s36.
Notes Owners MAY Also Contact THE National Highway Traffic Safety Administration Vehicle Safety Hotline AT 1-888-327-4236 (Tty 1-800-424-9153), or GO TO Www.nhtsa.gov.

2024 Ford Mustang Warranty

Basic
Original warranty 36 months / 36,000 miles
Estimated remaining 24 months / 36,000 miles
Powertrain
Original warranty 60 months / 60,000 miles
Estimated remaining 48 months / 60,000 miles
Rust
Original warranty 60 months / unlimited miles
Estimated remaining 48 months / unlimited miles

2024 Ford Mustang Insurance

Insurance for a 2024 Ford Mustang is moderately priced, reflecting its status as a Convertible with strong safety ratings and
reasonable repair costs.

How Does the 2024 Ford Mustang Compare to Other Convertible?

The 2024 Ford Mustang faces formidable rivals, primarily the Chevrolet Camaro and, historically, the Dodge Challenger (though production is ending). Internationally, it competes with cars like the Toyota Supra and Nissan Z, and potentially entry-level German sports coupes.

Performance: The Mustang GT's 5.0L V8 offers compelling performance, directly competitive with the Camaro SS. The new Dark Horse variant pushes further, challenging higher-trim Camaros with its track focus. The EcoBoost provides a more accessible performance entry point, often outperforming base models of some import rivals. While the Camaro might offer slightly sharper handling in top ZLE trims, the Mustang strikes an excellent balance of straight-line power and cornering prowess.

Features: This is where the 2024 Mustang makes a significant leap. Its new interior, dominated by large, integrated digital screens and the SYNC 4 system with wireless Apple CarPlay/Android Auto, feels much more modern and technologically advanced than the current Chevrolet Camaro's aging interior. The Challenger, while charming, is also behind on tech. The Supra and Z offer modern interiors but typically with two seats, unlike the Mustang's 2+2 practicality.

Reliability: All three American pony cars (Mustang, Camaro, Challenger) generally boast good reliability records for their powertrains when maintained. Issues tend to be minor electrical glitches or interior fit-and-finish rather than catastrophic failures. The Mustang's engines are proven, and the new generation is expected to continue this trend. Japanese rivals like the Supra (BMW-derived powertrain) and Nissan Z are also generally considered reliable.

Price: The Mustang is very competitive across its trim levels. Its starting price undercuts some import rivals, offering excellent bang-for-buck, especially with the V8. The EcoBoost provides an affordable sports car entry. When comparing to Camaro, pricing is often neck-and-neck for similar performance levels.

Recommended Alternatives:
  • Chevrolet Camaro: If you prefer a sharper handling focus and don't mind an older interior, or if you can find a great deal on a remaining new model. Its track variants are incredibly potent.
  • Toyota Supra: For a purely two-seater, performance-oriented coupe with a strong BMW-sourced powertrain and distinct styling.
  • Nissan Z: A new entry offering a twin-turbo V6 and a focus on driving purity, also a two-seater.
  • Used Dodge Challenger R/T or Scat Pack: For those prioritizing classic muscle car styling, V8 power, and more practical rear seats, a used Challenger can offer tremendous value.

Final Verdict: Is the 2024 Ford Mustang a Good Convertible?

The 2024 Ford Mustang is ideal for enthusiasts seeking an iconic American sports car that perfectly blends heritage with cutting-edge modern technology and performance. It appeals to those who prioritize driving engagement, powerful engine options, and a distinctive, aggressive design. It's also suited for buyers who appreciate a practical-enough daily driver (especially the EcoBoost) with accessible pricing for a performance vehicle.

Is it worth buying? Absolutely, if you understand its trade-offs like limited rear seat space and, for V8 models, higher fuel and insurance costs. Buying new ensures you get the latest seventh-generation features, a full warranty, and the specific styling of this new model. For those prioritizing efficiency and a lower entry price, the EcoBoost trim is an excellent choice. The GT offers the quintessential V8 Mustang experience, while the Dark Horse is for dedicated performance junkies and track enthusiasts. In the future, a used model will undoubtedly offer better value, but for now, buying new delivers the ultimate, modern Mustang experience.

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Cathleen V

Cathleen is an exceptional freelance writer covering hot topics in the automotive world from a gearhead's perspective. Her articles delve into various aspects of automotive technology and history, offering readers detailed insights into engine performance, reliability, and maintenance. Through her engaging and informative writing, Cathleen provides valuable information to automotive enthusiasts and consumers alike, helping them make informed decisions about vehicle maintenance and purchases.