2023 Ford Mustang Pricing, Reviews, and Specifications

Since its initial release in the 1960s, the Ford Mustang has become an iconic American muscle car known for its sleek appearance and legendary performance. Ford has just
released its 2023 iteration of this impressive sports car, complete with enticing new updates and enhancements designed to attract the next generation of drivers while staying true to its roots. If you’re looking for 2023 Mustang reviews, you’ve come to the right place.
Dick Hannah Dealerships is here to provide you with an unbiased, bird’s eye 2023 Ford Mustang review. We hope this information will help you understand the pros and cons, price points, and more so you can ultimately decide if this vehicle is the right choice for your needs.
2023 Ford Mustang Review
Let’s begin with the pros and cons of the 2023 Mustang, which are vital in your research along the buyer’s journey and in helping you make the right buying decision.

Pros
The 2023 Ford Mustang shows promising performance and handling and has several transmission and engine options to choose from, one of which is a hybrid option for those who prioritize fuel efficiency. The vehicle does not deviate from its reputationas a chic- and sporty-looking ride, and drivers can look forward to a range of customization options, advanced infotainment, and leather upholstery.
Cons
Despite its impressive performance and classy appearance, the 2023 Mustang has small back seats, which makes it less appealing for traveling long distances with backseat passengers. It could also have better fuel economy, and some owners find the infotainment system difficult to master.
What’s New From the Previous Model?
Compared to the last model of the Mustang, the 2023 edition has several updated features and upgrades. Some of them include the addition of a hybrid engine, which helps with fuel efficiency without compromising performance, new styling options, wireless charging, a 12-inch digital instrument cluster, and a B&O sound system.
Performance
Because the Mustang is meant to be fast and powerful and has a rich heritage in racing, performance is among the top priorities of those who own or are considering the 2023 Mustang. Here are some performance indicators of the newest Mustang:
Engine and transmission options: There are four engine options for the 2023 Mustang, including a 2.3-liter EcoBoost four-cylinder engine, a 3.7-liter V6 engine, a 5.0-liter V8
engine, and a new 2.5-liter hybrid engine. The EcoBoost and V6 engines come standard with a six-speed manual transmission, while the V8 and hybrid engines are paired with a 10-speed automatic transmission.
Towing and storage capabilities: The 2023 edition has limited towing capabilities, with a maximum capacity of 1,000 pounds. However, it offers a spacious trunk with 13.5 cubic feet of cargo space, larger than most sports cars in its class.
Fuel economy: Its fuel economy varies depending on the engine and transmission.
- The EcoBoost: EPA-estimated 22 mpg city/30 mpg highway
- V6 engine: EPA-estimated 17 mpg city/26 mpg highway
- V8 engine: EPA-estimated 15 mpg city/24 mpg highway
- New hybrid engine: EPA-estimated 25 mpg city/35 mpg highway
Handling and ride quality: The Mustang has impressive handling and ride quality, with precise steering and a well-tuned suspension. It is a comfortable ride, even on rough roads, and the sport-tuned suspension of the 2023 Mustang GT model provides a more aggressive driving experience.
Interior Comfort and Technology
Although performance is a critical factor, comfort may be equally important for potential buyers to consider— nobody wants to drive long distances in a cramped or otherwise uncomfortable vehicle.
Fortunately, the 2023 Ford Mustang boasts a comfortable and stylish interior for up to four passengers with the option for leather upholstery, ventilated and heated front seats, dual-zone climate control, and a luxurious steering wheel wrapped in leather. Likewise, the dashboard is finished with high-quality materials and is easy tonavigate. Remember that the back seat is best suited for smaller passengers and cargo.
In terms of technology, the 2023 Mustang includes a range of entertainment and infotainment features to keep drivers and passengers entertained on the road. The SYNC 4 infotainment system consists of a large touchscreen display, voice-activated controls, and compatibility with popular smartphone apps such as Apple CarPlay and Android Auto. Other available features include a premium sound system, SiriusXM satellite radio, and a wireless charging pad.
2023 Mustang Pricing
The 2023 Ford Mustang comes in several trim levels, each with its own set of features and options:
- The base model, known as the EcoBoost, starts at an MSRP of $28,200.
- The 2023 Mustang GT model with a V8 engine starts at $38,250.
- The Mach 1, which features a more powerful engine and a unique styling package, starts at $51,720.
- The top-of-the-line GT500 model, with its supercharged V8 engine and track-focused performance features, starts at $74,795.
Comparatively, the 2023 Ford Mustang is priced similarly to other sports cars in its class, such as the Chevrolet Camaro and Dodge Challenger.
Exterior
The exterior of the 2023 Ford Mustang features a sleek and muscular design, with classic styling elements such as the long hood and short rear deck, combined with modern design cues such as LED lighting and an aggressive front fascia. The Mach 1 model features a unique front splitter and rear spoiler, while the GT500 model includes larger air intakes and a carbon fiber track package for enhanced performance.
Dimensions & Capacities
Here are some measurements and capacities of the 2023 Mustang that may influence your purchase decision:
- 188.5 in L x 75.4 in W x 54.9 in H
- 107.1 in wheelbase
- 3,542 curb weight (for base EcoBoost model), 4.171 (for GT500 model)
- 13.5 cubic feet of trunk cargo space in the trunk (more than most sports cars in its class)
Warranty Information
Ford offers a standard warranty for the 2023 Mustang, including a 3-year/36,000-mile bumper-to-bumper warranty and a 5-year/60,000-mile powertrain warranty. The Mustang also includes 24/7 roadside assistance for the duration of the warranty.
Ford Mustang Models
The 2023 Ford Mustang is available in several trim levels, each with unique features and capabilities. It also comes in both coupe and convertible body styles. Here are some standout features of each one.
2023 Mustang EcoBoost
- Turbocharged four-cylinder engine

- 12-inch digital instrument cluster
- Push-button start
- 9-speaker sound system
2023 Mustang GT
- Powerful V8 engine
2023 Mustang Mach 1
- Higher-performance engine
- Other performance enhancements
2023 Mustang Shelby GT350/GT500
- Top-of-the-line models
- Even more powerful engines
- Track-focused performance features
Safety Features
The National Highway Traffic Safety Administration (NHTSA) has not yet released safety ratings for the 2023 Mustang, but the 2022 model received a 5-star overall safety rating from the agency. The newest Mustang is complete with all of Ford’s latest safety features, such as:
- Airbags
- Rearview camera
- Ford Co-Pilot 360 backing features
- Automated emergency braking
- Pedestrian detection
- Blind spot caution
Ford Mustang vs. the Competition
Compared to other sports cars in the Mustang’s class, including the Chevy Camaro and Dodge Challenger, the Mustang offers a more comfortable ride, better fuel economy, more user-friendly features, better interior materials, and more power. The Challenger does have a more spacious interior and a larger trunk, but the Mustang outshines both the Challenger and Camaro in terms of performance with superior handling and a more powerful engine.
Similar Vehicles
If the 2023 Mustang doesn’t have all the features and capabilities you’re looking for, be sure to check out similar vehicles in the same class, including the following:
- Mazda MX-5 Miata
- Subaru BRZ
- Toyota 86
These vehicles are smaller and less powerful than the Mustang, but they offer a more engaging driving experience and a lower price point.
Find Your Ideal Ford Mustang at Dick Hannah Dealerships
Ready to ride away in style? You’re sure to find your ideal muscle car in our extensive inventory at Dick Hannah Dealerships. We offer competitive 2023 Mustang pricing, and our friendly auto experts have the expertise and experience to ensure a smooth, hassle-free buying experience, so contact us today to get started.