For the 2024 model year, Ford introduces the seventh generation Mustang. The 2024 Ford Mustang receives some desperately needed upgrades, including a style and powertrain refresh. The Mustang retains its iconic muscle car styling, despite getting some modern touches, including an all-new interior.

Ford also introduces a Dark Horse variant, a track-focused Mustang for high-adrenaline enthusiasts. Despite all the upgrades, the Mustang still remains a sporty, affordable, and stylish muscle car. All these changes help make the 2024 Ford Mustang a worthy alternative to the Chevrolet Corvette, an impressive two-seat sports car.

10 Continued Commitment To Motorsport

Ford Mustang Motorsport lineup
Ford

With the Ford GT production coming to an end, Ford has a large gap to fill in its motorsport endeavors. The Mustang is among the vehicles that represent the brand in NASCAR. It aligns with the series' next-gen regulations, enabling Ford to use this iconic muscle car for its multifaceted racing ambitions.

There will be six new Mustangs that will compete globally in a variety of series, including GT3, GT4, NASCAR, NHRA Factory X racing, and Supercars Championship. Ford will also return to factory-backed GT3 racing with an all-new GT3 IMSA Mustang race car. Surprisingly, this car will also be available for customers.

9 Solid Ford Warranty And Maintenance Coverage

2024 Ford Mustang Family pony cars on road
Ford

Ford is among the brands that offer a great warranty for its vehicles. For the 2024 model year, the Mustang receives a three-year or 36,000 miles limited warranty cover and a five-year or 60,000 miles powertrain warranty cover. Unfortunately, the Mustang doesn't get complimentary scheduled maintenance like the Chevy.

Warranty

2024 Ford Mustang

2023 Chevrolet Corvette

Limited Warranty

3 years or 36,000 miles

3 years or 36,000 miles

Powertrain Warranty

5 years or 60,000 miles

5 years or 60,000 miles

Complimentary Maintenance

N/A

First visit

The Corvette, on the other hand, gets a similar warranty coverage. However, unlike the 2024 Ford Mustang, it also includes complimentary maintenance for the first visit. Both vehicles offer great warranty coverage, giving the buyer peace of mind.

Related: 10 Used Sports Car Alternatives To The New Mustang EcoBoost

8 Typical Mustang Fuel Economy Ratings

Front Quarter 2024 Ford Mustang GT
Ford

For the 2024 model year, the Mustang gets two engine options, a turbocharged 2.3-liter EcoBoost 4-cylinder engine and a 5.0-liter V8. The EcoBoost 4-cylinder engine produces 315 hp and 350 lb-ft of torque, while the V8 is available in different potencies. The EcoBoost variant also pairs with a 10-speed automatic transmission as standard, while the V8 pairs with a 6-speed manual.

Fuel Economy

Fuel Type

Gasoline

EPA-Estimated Fuel Economy

22 mpg city, 33 mpg highway, 26 mpg combined

Annual Fuel Costs

$2,100

Tank Capacity

16.0 gal

In addition to both engines offering impressive performance, they also boast better fuel economy than that of the 6.2-liter V8 in the Corvette. The EcoBoost 4-cylinder engine achieves 33 mpg on the highway and 22 mpg in the city. The Mustang V8, on the other hand, achieves 24 mpg on the highway and 15 mpg in the city.

7 Menacing Muscle Car Styling

2024 Ford Mustang Performance Car Blue
Ford

Both the 2024 Ford Mustang and the 2023 Chevrolet Corvette have great styling. However, the 2024 Ford Mustang edges forward thanks to its reworked styling and revised chassis hardware. The Mustang is among the few vehicles that retain its familiar styling, making it instantly recognizable. It also receives some modern touches that help attract a wider array of customers.

The 2024 Ford Mustang gets a modern chiseled look with a low horizontal brow across the front. This helps emphasize the overall frontal width. It also gets tri-bar LED headlamps that aim to continue with the Mustang's classic lighting signature. While the exterior styling of the Mustang showcases its heritage-inspired design, it also makes it a great alternative to the Chevrolet Corvette.

Related: 10 Reasons Why We're Excited About The 2024 Ford Ranger

6 Reasonable Pricing Across The Mustang Lineup

2024 Ford Mustang GT Front
Ford

For the 2024 model year, the Mustang is available in nine trims, EcoBoost, EcoBoost Premium, EcoBoost Convertible, EcoBoost Premium Convertible, GT, GT Premium, GT Convertible, Dark Horse, and Dark Horse Premium. The base EcoBoost trim has a low starting price of $30,920, while the highest trim, the Dark Horse, has a reasonable starting MSRP of $59,270.

Pricing

Trims

Starting MSRP

EcoBoost Fastback

$30,920

EcoBoost Premium Fastback

$36,445

EcoBoost Convertible

$39,020

EcoBoost Premium Convertible

$41,945

GT Fastback

$42,495

GT Premium Fastback

$47,015

GT Premium Convertible

$52,515

Dark Horse

$59,270

Dark Horse Premium

$63,265

That's a better pricing structure than the 2024 Chevrolet Corvette's starting MSRP of $66,300. The Mustang is available for a wider range of enthusiasts thanks to the multiple trim options. It's also available with two engine options, allowing enthusiasts to choose their desired performance bracket.

5 Spacious 2+2 Ford Mustang Interior

2024 Ford Mustang Dark Horse Interior With Recaro Seats
Ford

The 2024 Ford Mustang has a roomy 2+2 interior. On the other hand, the Corvette boasts a comfortable two-seat interior. While the Mustang's rear seats aren't accommodating for adults, they can comfortably fit children. This helps make a Mustang a great option for young families that still don't want to get an SUV.

Besides having enough space for kids, the Mustang also has ample cargo space for all your belongings. The rear seats have a split folding mechanism that helps add more space to the trunk. The Mustang offers an impressive trunk space of 13.3 cubic feet in the coupe and 10.3 cubic feet in the convertible.

Related: The Features Ford’s Next F-150 Pickup Needs To Continue To Dominate The Market

4 Revolutionary Ford Infotainment System

Interior Cockpit 2024 Ford Mustang GT Interior Cockpit
Ford

At the heart of the 2024 Ford Mustang infotainment system sits Ford's Sync 4 system. The Sync 4 system is intuitive and responds quickly to touch and voice commands. Ford also fits the 2024 Mustang with two screens, a 12.4-inch digital driver display, and a 13.2-inch infotainment touchscreen.

Standard In-Car Entertainment Features

  • 12.4-inch digital driver display
  • 13.2-inch infotainment touchscreen
  • Apple CarPlay and Android Auto
  • Ford Power-Up software capability

Owners get a great selection of standard features, including Apple CarPlay and Android Auto. Ford also offers an optional wireless smartphone charger to help reduce the clutter of charging cables. The 2024 Mustang lineup also gets Ford Power-Up software capability, allowing for over-the-air updates.

3 Ford Performance Packs Across The Mustang Range

A gray 2024 Ford Mustang parked
Ford

The modern Mustang is a high-performance muscle car for all enthusiasts. Even with the base EcoBoost trim, enthusiasts can opt for a performance pack that adds a host of track-focused features like larger Brembo brakes, wider rear wheels and tires, MagneRide active suspension, Torsen limited-slip differential, and a front tower brace.

Opting for the performance pack in the GT trim gets you all the enhancements in the EcoBoost variant and standard rev-matching in the manual transmission models. This helps retain peak torque between manual gear changes, delivering even more thrill and precision.

Related: Ford Teases ‘Bullet Train’ Seven-Seater Electric SUV With 350 Mile Range

2 Multiple Ford High-Performance Powertrain Options

Top Shot 2024 Ford Mustang GT Coyote V8
Ford

Engine Specs

Manufacturer

Ford

Production Years

2015-present

Configuration

Turbocharged I4, V8

Displacement

2.3 L, 5.0 L

Power

315-500 hp

Torque

350-418 lb-ft

Fuel

Gasoline

Noteworthy Applications

Ford Mustang

The 2024 Ford Mustang is only available with two engine options. They include the base turbocharged 2.3-liter 4-cylinder engine with 315 hp and 350 lb-ft of torque and a 5.0-liter V8 with different potencies. Ford fits the larger V8 engine in the GT and Dark Horse trims. In the GT, the V8 churns out 480 hp and 415 lb-ft of torque, while in the Dark Horse, it produces 500 hp and 418 lb-ft of torque.

On the other hand, the 2024 Chevrolet Corvette only gets a single-engine option in the Stingray variant. That's a 495-hp 6.2-liter V8 motor. While it can help rocket the Corvette from 0 to 60 mph in just 2.9 seconds, the V8 is less potent than that in the 2024 Ford Mustang Dark Horse. For maximum performance in a Corvette, buyers have to opt for the $108,100 2024 Chevrolet Corvette Z06.

1 2024 Ford Mustang Dark Horse

A blue 2024 Ford Mustang Dark Horse parked
Ford

With the introduction of the seventh generation Mustang, Ford introduces a new trim variant called Dark Horse. It's the most powerful 2024 Ford Mustang model thanks to a potent 5.0-liter V8 motor with 500 hp and 418 lb-ft of torque. The Dark Horse is the brand's track-ready model, giving enthusiasts access to the Ford Performance parts bin.

The 2024 Ford Mustang Dark Horse has a starting MSRP of $59,270. That's $7,030 cheaper than the more expensive and less powerful 2024 Chevrolet Corvette. In addition to its already impressive Coyote V8 motor, the Dark Horse also gets a 6-speed manual Tremec TR-3160 transmission and 19-inch Pirelli P Zero PZ4s.