You’ll have been lucky to see a 2016 Mustang registered and on the roads in Australia at this early stage, but already the new model has come in for a price-rise.
Ford previously announced that its entire local allocation for next year has already sold out as the first examples rolled onto home soil in Melbourne last week.
Critics could therefore be forgiven for thinking the ‘Blue Oval’ is cashing in on the Mustang’s popularity, but Ford says financial pressures are to blame for the new price tags.
The enormous lead time from the Mustang’s announcement for Australia and the arrival of the first cars has seen a change in the local manufacturing landscape, plus a fall in the value of the Australian Dollar.
And it’s the latter that has contributed most to the price rise, with some models now $2500 more expensive than last month.
The new prices are effective from December 1, with the cheapest Mustang, the manual-equipped EcoBoost four-cylinder coupe now priced from $45,990 plus on-roads - up $1000.
The same $1000 rise applies to all EcoBoost models, while all V8-powered GT models have risen by $2500.
The 4000-strong customer base that has already placed their deposits or orders need not worry, as Ford said it will honour previous pricing schedules.
Price-rises aside, the line-up for the 2016 Mustang is unchanged but any customer placing an order now will be waiting until 2017 to take delivery.
Ford is using its new Mustang to continue its support for the National Breast Cancer Foundation, with an auction currently underway for the eighth 2016 Mustang to arrive in Australia.
On offer is a V8-powered GT Coupe Auto in Guard Metallic, and the opening bid is $65,500. Ford hopes the car will fetch well into the six-figure bracket by auction’s end.
For those not wishing to wait until 2017 to see a new ‘Stang in their driveway, the auction presents an opportunity to jump the queue and support a charity in the process.
Proceeds will go to Dr Fiona Simpson at the University of Queensland’s Diamantina Institute.
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Pricing (excludes on-road costs)
2016 FORD MUSTANG
- EcoBoost Coupe Manual - $45,990 (up $1000)
- EcoBoost Coupe Auto - $48,490 (up $1000)
- EcoBoost Convertible Auto -$54,990 (up $1000)
- GT Coupe Manual - $57,490 (up $2500)
- GT Coupe Auto - $59,990 (up $2500)
- GT Convertible Auto - $66,490 (up $2500)