2023 Ford Mustang: What's New, Specs & Features

Last updated August 4, 2026

2023 Ford Mustang

The biggest change for the 2023 Ford Mustang is the departure of the Shelby GT500. The five remaining mainstream trims largely carry over for this final year of the sixth-generation Mustang.

Shop 24 in stock at Carvana

About the 2023 Ford Mustang

6th gen (S550, 2015-2023), final model year before the 2024 seventh-generation redesign.

Ford positions the Mustang as the iconic rear-wheel-drive American sports car that can still work as an everyday coupe or convertible. The core appeal is choice: a turbo-four for lighter daily driving, a 5.0-liter V8 for sound and muscle, and Mach 1 for sharper track-focused hardware. Against rivals, Mustang stands out by mixing classic long-hood styling, usable cabin tech, and a wide spread of personalities within one model range.

The 2023 lineup runs from the simpler turbocharged EcoBoost to the V8-powered GT and more comfortable Premium versions with 8-inch touchscreens, smartphone integration, and heated and cooled front seats. Mach 1 is the serious-driver model, pairing a 470-hp V8 with stronger Brembo brakes, adaptive suspension, active exhaust, and a 12-inch digital instrument display.

What changed, by category

Styling
Fog lights became standard on the Mach 1 after being optional for 2022.

2023 Ford Mustang specs and features by trim

Feature
2023 Ford MustangGT5 in stock
2023 Ford MustangMach 10 in stock
2023 Ford MustangEcoBoost3 in stock
2023 Ford MustangGT Premium7 in stock
2023 Ford MustangEcoBoost Premium9 in stock
EngineV8, 5.0 LiterV8, 5.0 Liter4-Cyl, Turbo, EcoBoost, 2.3 Liter / 4-Cyl, High Performance, EcoBoost, 2.3 LiterV8, 5.0 Liter4-Cyl, Turbo, EcoBoost, 2.3 Liter / 4-Cyl, High Performance, EcoBoost, 2.3 Liter
TransmissionAutomatic, 10-Spd w/SelectShiftManual, 6-Spd TREMEC w/Rev-MatchingAutomatic, 10-Spd w/SelectShift / Manual, 6-SpdAutomatic, 10-Spd w/SelectShiftAutomatic, 10-Spd w/SelectShift / Manual, 6-Spd
DrivetrainRWDRWDRWDRWDRWD
Fuel TypeGasGasGasGasGas
MPG City15 mpg14 mpg19–22 mpg15 mpg19–22 mpg
MPG Highway24 mpg22 mpg26–32 mpg24 mpg26–32 mpg
Horsepower450 hp470 hp310–330 hp450 hp310–330 hp
Torque410 lb-ft410 lb-ft350 lb-ft410 lb-ft350 lb-ft
Trunk/Cargo13.5 cu-ft13.5 cu-ft11.4–13.5 cu-ft11.4–13.5 cu-ft11.4–13.5 cu-ft
Rear Legroom29 in29 in29–29.2 in29–29.2 in29–29.2 in
Seats44444
Doors22222
Adaptive Cruise Control
Alarm System
Automatic Emergency Braking
Automatic High Beams
Blindspot Sensors
Lane Departure Warning
Rear Parking Sensors
Rear View Camera
Alloy Wheels
Fog Lights
Heated Mirrors
LED Headlights
Memory Exterior Mirrors
Rear Spoiler
Navigation System
Premium Audio
Satellite Radio
Smartphone Interface
Subwoofer
Touch Screen Monitor
USB Ports
Aluminum Interior Trim
Cooled Seats
Dual Power Front Seats
Dual-Zone Climate Control
Heated Front Seats
Heated Steering Wheel
Integrated Garage Door Opener
Interior Ambient Lighting
Leather Seats
Memory Driver's Seat
Proximity Keyless Entry
Push-Button Engine Start
Remote Start

How the 2024 Ford Mustang compares

The 2024 Ford Mustang is an all-new, seventh-generation redesign. Its biggest changes are fresh styling, a screen-heavy cabin, updated engines, and the debut of the track-focused Dark Horse.

Frequently asked questions

What is the biggest change to the 2023 Ford Mustang?

The biggest change is that the Shelby GT500 was dropped from the lineup. The EcoBoost, EcoBoost Premium, GT, GT Premium, and Mach 1 otherwise returned with no significant lineup-wide update.

Was the 2023 Ford Mustang redesigned?

No. The 2023 Mustang is the final model year of the sixth-generation S550 design, before the seventh-generation Mustang arrived for 2024.

Did the 2023 Mustang Mach 1 change?

Yes, but only slightly. Fog lights became standard on the 2023 Mach 1 after being optional for 2022; its core performance-focused setup remained intact.

Did the 2023 Mustang get new engines or technology?

No. The mainstream EcoBoost, GT, and Mach 1 powertrains carried over, and there was no lineup-wide infotainment, display, or safety-suite upgrade.

How does the 2023 Mustang compare with the 2022 model?

The two years are very similar among the mainstream trims. The main differences are that the 2023 lineup no longer includes the Shelby GT500 and the Mach 1 has standard fog lights.

2023 Ford Mustang Reviews

What owners are saying about the 2023 Ford Mustang.

4.4
2023 Ford Mustang
(513 reviews)
5 stars (273)
4 stars (185)
3 stars (37)
2 stars (16)
1 star (2)

About owner reviews

Carvana owner reviews are provided in partnership with Strategic Vision, one of the largest automotive consumer research providers in the U.S. Star ratings are from ranking surveys completed by owners one to six months post-purchase. Comments from owners are optional, but included here when available.

“Be aware that the support system is not yet fully in place for an EV vs a gas vehicle - Gas is still where the money is, and there is not enough of a focus yet on EV maintenance, repair, support, etc.”

GBGraham B.
2023 Ford Mustang RWD

“This vehicle is very techy and not for everyone but it is gorgeous inside and out and very, VERY fast.”

KGKirsten G.
2023 Ford Mustang AWD

“We have thoroughly enjoyed driving and owning the Mach-e! It has met or exceeded comparison to Tesla products”

JDJeremy D.
2023 Ford Mustang AWD