Ford Australia yesterday confirmed prices for the seventh-generation ‘S650’ Mustang, which will go on sale in the second quarter of 2024 – the year that marks 60 years of America’s sports car icon.

The base Mustang now starts from $64,990 before on-road costs and is no longer available with a manual transmission with the 232kW/475Nm 2.3-litre turbo four-cylinder engine. That’s an increase from the previous $52,590 EcoBoost manual or $55,590 EcoBoost auto.

The mid-range GT that’s again powered by a 5.0-litre V8 is now priced from $77,002 for a Getrag six-speed manual coupe, an increase of nearly $12,000.

The auto version costs from $80,902, and the only convertible in the new Mustang range – the GT Convertible auto – is $86,752 before on-road charges.

Ford’s new (non-Shelby) hero variant is the Dark Horse, which features various upgrades over the GT, including a slightly more powerful but also strengthened version of the ‘Coyote’ V8 and tougher Tremec six-speed manual.

As Wheels speculated in July, the first all-new Mustang grade since the 2001 Bullitt hits six figures – starting from $99,102 before on-road costs for the Dark Horse six-speed manual or from $103,002 for the Dark Horse with 10-speed auto.

The Dark Horse will be a limited-edition model, with 1000 units allocated to Australia. All Mustangs for Australia incorporate several features optional in some other markets, including Ford’s domestic US market.

These include an active valve performance exhaust with four modes, large Brembo brakes, larger radiator and more powerful cooling fans.

GT models add an auxiliary engine oil cooler and as standard sit on 19-inch Carbonised Grey wheels that are part of an optional GT Performance package in the US.

Australian Mustangs will also incorporate a brand new ‘Drift’ Brake feature that, via a Track Drive Mode, turns the electronic park brake lever into an oversteer tool for track days.

Australia’s V8 models have less power than their US counterparts. The Dark Horse, for example, produces 349kW rather than the 373kW (500hp) across the Pacific.

According to Ford Australia, Australia’s V8 Mustangs feature “a different exhaust manifold and calibration to suit different noise and emission regulations, while US and ECE rating procedures are also different.”

The company added that, apart from the exhaust manifold, the engine hardware was identical.

2024 Ford Mustang pricing