2023 Mustang S650

UPDATE: Ford unveiled the all-new seventh-generation Mustang at the Mustang Stampede in Detroit on Sept. 14. Check out information about the new Mustang here.

Believe it or not, Ford debuted the sixth-generation Mustang all the way back in December 2013. The all-new seventh-generation Mustang — reportedly codenamed S650 — should be arriving very soon.

Ford has the Mustang Mach-E now, which offers a Mustang-branded car that is far more efficient, more practical and has all-wheel drive. That should free up the conventional Mustang to remain very much a good old-fashioned Mustang, at least for the current generation.

Here’s what we know so far about the future of Ford's iconic pony car.

We will meet the new Ford Mustang on September 14

Here's what may be the face of the new Ford Mustang

The new Mustang should carry over the current V8 and EcoBoost four

Ford should keep the combustion engine lineup intact, at least initially. According to a recent report from Ford Authority citing exclusive sources, the new Mustang will launch with the same 2.3-liter EcoBoost inline-four and 5.0-liter V8 found in the current 2022 model cars. Those engines should get the same 10-speed automatic and six-speed manual transmissions options found today.

Here's what the new seventh-generation Mustang will sound like

Ford provided a 16-second video teasing what the engine for the new seventh-generation Mustang will sound like. Enthusiasts will notice (and heartily approve of) its similarity to the outgoing Mustang GT with the 5.0-liter V8.

The new Ford Mustang may get a new Google infotainment system

The Mustang is probably not getting a hybrid or AWD

An electric Mustang will likely arrive down the road (but not for a while)

The seventh-generation Mustang life cycle should stretch into the early 2030s. It’s really hard to see Ford launching a new pure combustion Mustang at that point. One report has Ford launching an all-electric Mustang for 2028, which would overlap with the S650 — and eventually replace it. There's no confirmation of that timeline yet, but it would make a lot of sense.

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The 2024 Ford Mustang is on its way, and the pony car gets a complete redesign for the seventh-generation “S650” Mustang. However, there’s a whole year between the 2022 and 2024 models, and some fans might not want the updated style of the 2024 model. So, is anything different with the 2023 Ford Mustang, the last S550 model year?

Is Ford making a 2023 Mustang?

Ford is making a 2023 Mustang to bridge the gap between the current 2022 model year and the upcoming 2024 cars. While that might seem like standard practice, 2023 and 2024 are transitional years for Ford’s time-honored pony car. 2023 will be the last year of the sixth-generation, or S550, Mustangs. Furthermore, the 2024 Ford Mustang gets a design refresh inside and out. 

2023 Mustang S650
Ford Mustang GT | Ford

Despite the changes of the upcoming S650 Mustang, the Car and Driver says the 2023 S550 Ford Mustang likely won’t change very much. 

Is anything different between the 2022 and 2023 pony cars?

At a glance, the 2022 and 2023 cars seem like they’ll be very similar. First, the 2023 Ford Mustangs get the same lineup of engines. The 2023 Mustang EcoBoost packs a standard 2.3L four-cylinder mill with 310 horsepower. Of course, the 2023 EcoBoost, like the 2022 model year, offers a 330-horsepower High Performance package. Moreover, the 2023 Mustang GT will continue with the 450-horsepower 5.0L Coyote V8. 

Also, the track-ready 470-horsepower 2023 Ford Mustang Mach 1 returns for its final model year. The Mach 1 packs track tech from the Shelby GT350 and GT500, like the now-discontinued GT350’s optional Tremec six-speed transmission. That transmission is a noteworthy upgrade from the GT’s Getrag-sourced MT82 manual transmission. 

What does the new 2023 Ford Mustang look like?

The 2023 Ford Mustang will look a lot like the 2022 model year. The grand tourer styling of the S550 will carry over; the cars will have the same long hood, short rear, and two-door layout. Moreover, the 2018 to 2022 front fascia styling will continue into 2023 with the curved headlamps instead of the 2015 to 2017 squint. 

The interior of the last S550 Mustang remains similar to the previous model year as well. Profound design changes don’t arrive until the seventh-generation S650 Mustang hits the streets. The next Mustang incorporates revised front, side, and rear styling. Moreover, the S650 Mustang will pack an entirely redesigned interior, ditching the double-bubble dash for a duo of large, customizable displays. 

2023 Mustang S650
S550 Ford Mustang | Ford

Should you wait for the 2024 Mustang?

The 2024 Ford Mustang updates the pony car in several ways while retaining some of the Mustang’s original formula. The upcoming vehicle will pack rear-wheel drive (RWD), V8 trims, an optional manual transmission, and no hybrid in sight. However, the interior gets a needed refresh with lots of technology like Ford’s Sync 4 with Apple CarPlay. 

Still, the 2023 Ford Mustang keeps the less dramatic fascia and the historically-inspired dash and gauge cluster. The 2023 Ford Mustang might be the better option if you want a car with old-school charm. Be sure to check out MotorBiscuit articles for news and great automotive content!


RELATED: The New Seventh-Gen Mustang Can’t Compete With the Old S550 in 3 Ways

Will the S650 Mustang have a V8?

Unique 5.0-liter V8 with Even More Athletic Performance Mustang Dark Horse will deliver the highest level of performance in the all-new Mustang family.

How much HP will the 2023 Mustang GT have?

The GT models are motivated by a 450-hp V-8 with an optional active exhaust that trumpets a thunderous roar. Both of these compelling engines pair with a standard six-speed manual transmission or a 10-speed automatic that makes the Mustang quicker than before.

How much will the S650 Mustang cost?

How Much Will the 2024 Mustang Cost? The all-new S650 Mustang is set to arrive in the summer of 2023, but pricing was not announced at Ford's reveal event. Based on past and existing Mustang MSRPs, conservative estimates put the cost of a base model S650 Mustang at around $30,000.

Will the Mustang S650 be electric?

The latest news points to a 2024 model year for the 7th-generation Ford Mustang. Codenamed S650, this upcoming iteration may bring AWD, hybrid technology, and even an all-electric version. Learn what we know so far, as well as rumors about the new model.