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First 2024 Ford Mustang GT Sells At Auction

First 2024 Ford Mustang GT Sells At Auction

Last September Ford revealed the all-new 2024 Mustang. It will be available this summer 2023 in showrooms.

There will be a 2.3L Eco Boost, a 5.0 GT and the new Dark Horse model that everyone is talking about. The Eco Boost comes with a 315-hp 2.3-liter turbo-4, while the GT will be a standard 5.0-liter V-8 with 480 hp standard or 486 hp that has an available active exhaust option. The Dark Horse shares the Mustang GT's 5.0-liter V-8 but gets a 500-hp tune. Buyers can choose between a 6-speed manual or 10-speed automatic.

The first example of the seventh generation Mustang with vin # 001 has already been spoken for. It sold last weekend for the princely sum of $490,000 at a Barrett-Jackson auction in Scottsdale AZ. However, thanks to additional donations, the car brought in a total of $565,000.

The proceeds from the sale will be donated to a charity called Juvenile Diabetes Research Foundation that funds type 1 diabetes research, which explains why the first Mustang sold for a figure that's well over MSRP and well into supercar territory. Ford has a long history of selling the first example of a desirable new car at a charity auction; it also sold the first examples of the fifth- and sixth-generation Mustang via Barrett-Jackson. More recently, the first Mustang Shelby GT500 and the first GT Heritage Edition were auctioned off for charity.

Ford will let the winning bidder configure the car in any option package they wish. At launch, the Mustang will be offered with 11 exterior colors, several wheel designs ranging from 18 to 20 inches, and Brembo brake calipers painted in black, red or Grabber Blue