The price of the Ford Mustang will rise by $1000 for the 2026 model year, with the entry-level Mustang EcoBoost listed at $72,990 before on-road costs.
The $1000 increase comes after Ford Australia upped the list price of all Mustang variants by $5000 from July 1, 2025, when it pointed the finger squarely at the introduction of the federal government’s New Vehicle Efficiency Standard (NVES) as a key factor.
News of the latest Mustang price hike comes alongside a product safety recall for the muscle car, as well as Ford Australia’s two best-selling models – the Ranger ute and the related Everest large SUV – and yet another recall for the locally converted F-150 full-size pick-up.
Production of the MY26 Mustang at Flint, Michigan, for Australia is expected to take place from November – three months after the August model year change in the US – ahead of first local customer deliveries from next February.
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The Mustang EcoBoost will remain the cheapest variant at $72,990 plus on-road costs, while the most affordable V8 Mustang – the GT fastback with a six-speed manual gearbox – will increase to $84,990 before on-road costs.
The Mustang GT automatic – the most popular variant in the lineup – is now priced at $84,990 before on-road costs.
For 2026, Mustang buyers have two additional exterior paint colour choices, including Adriatic Blue – which appeared last year on the US-market FX package that’s not offered here – and the return of Orange Fury to the catalogue.
Both are premium colours that cost an additional $750 for EcoBoost vehicles, and $910 for GTs (excluding Luxury Car Tax).
Oxford White and Race Red remain the only standard colours that don’t command an additional charge.
The price rise comes despite the loss of some minor features, with MY26 EcoBoost vehicles losing their monochromatic mirror and remote starting key – although it can still be started using the FordPass app.
Ford Australia began charging for its connected native satellite-navigation in the Mustang from January 2025, since which time new buyers have been given a 12-month free trial before having to pay a subscription fee.
There are no other changes to the standard equipment or mechanical package, with the specifications of V8-powered GT vehicles remaining as per the 2025 model year.
However, a new black appearance package – which follows the release of Black Edition versions of the Ranger and Everest – replaces the Bronze appearance package for 2026.
It brings black 19-inch alloy wheels, black badges, and black mirror caps.
The Mustang has regained its long-standing position as Australia’s most popular sports car this year, after losing the title for the first time in seven years to the BMW 2 Series in 2024.
Ford’s famous pony car recorded its best monthly sales since November 2018 in May, and so far this year it remains ahead of its closest rival in 2024, the Mazda MX-5.