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Want a new Ford Mustang? You'll need an extra $30,000

MOST WANTED: In a classic case of demand outstripping supply, Ford's new Mustang models - sold out until 2017 - are on the used market for up to $30k over showroom prices
MOST WANTED: In a classic case of demand outstripping supply, Ford's new Mustang models - sold out until 2017 - are on the used market for up to $30k over showroom prices

FORD has released its long-awaited Mustang in Australia this week, but enthusiasts who were not among the first to register interest will have a long wait - over 12 months now -  if they want to own one.

Unless, of course, they are willing to hand over far more cash. Savvy new Mustang owners are advertising their prized cars for up to $30,000 more than the retail price, in a classic case of demand outstripping supply.

Demand for the muscle car, the first right-hand drive Mustang for half a century, has surprised the manufacturer with its factory in Michigan (which is already operating for 22 hours a day six days a week) is struggling to keep up.

The new Mustang is easy to love, the clean sheet design of both the Fastback and the Convertible retains those elements fans love including the long sculpted bonnet and short rear deck - albeit with a modern twist.

CABIN FEVER: Interior of the right hand drive 2016 Ford Mustangs
CABIN FEVER: Interior of the right hand drive 2016 Ford Mustangs

Australian customers can choose between a 2.3-litre EcoBoost four-cylinder - offered for the first time - and the iconic 5.0-litre V8 which is expected to account for 80% of sales.

The EcoBoost engine uses direct injection, variable cam timing and turbocharging to deliver 233kW and 432Nm, while the full fat V8 produces a more thrilling 306kW and 530Nm of torque.

Ford promises smoother shifts from the updated manual gearbox and satisfaction too with the reworked six-speed automatic transmission, which also features new steering-wheel mounted shift paddles for drivers who want a little more control.

This Mustang also boasts a cockpit-like interior with clear instrumentation and a more spacious cabin than its predecessor.

Elly Lenz from Kureelpa with her new Ford Mustang at Pacific Ford, Maroochydore, the first of the 2016 models to be delivered on the Sunshine Coast by Alister Eiseman. Photo: Iain Curry / Sunshine Coast Daily
Elly Lenz from Kureelpa with her new Ford Mustang at Pacific Ford, Maroochydore, the first of the 2016 models to be delivered on the Sunshine Coast by Alister Eiseman. Photo: Iain Curry / Sunshine Coast Daily

Innovative technologies also feature including smart connectivity and a drive mode selector which will allow drivers to choose from Normal, Sport+, Track and Wet for an enhanced driving experience.

A new inflatable airbag restraint design which provides the front seat passenger with knee airbag protection is part of a standard safety system that includes a more robust package of sensors and seatbelt anchor pretensioners.

The range starts at $45,990 for the EcoBoost Fastback manual with the range-topping GT Convertible at $66,490.

All new Ford Mustang GT. Photo Tamara MacKenzie / The Morning Bulletin
All new Ford Mustang GT. Photo Tamara MacKenzie / The Morning Bulletin Tamara MacKenzie

Topics:  cars news ford mustang motoring premium sold out


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