Aussies who passed up the 2019 Mustang and were planning to buy a 2020 Ford Mustang will be sad to hear the latest news. Ford Australia is upping the price for the 2020 Ford Mustang line across the board. Starting with the low-end EcoBoost fastback with a 6-speed manual, the price has gone up AUD$1,000, making the car start at AUD$50,990.
Buyers not wanting to row their own gears will pay AUD$53,990, making the car a grand more than the 2019 model. For the money, buyers will get an EcoBoost 2.3-liter turbo-four that makes 224kW and 441Nm of torque (300 horsepower and 325 pound-feet). Starting in February, Aussies will be able to get the High-Performance 2.3-liter engine with 236kW and 448Nm torque (316 hp and 330 lb-ft).
V8 fans can get the Mustang GT for AUD$63,690 with the manual transmission, only an AUD$400 increase. The GT with the 10-speed automatic will cost AUD$66,600. While the price goes up on the 2020 GT, power is the same as 2019 at 339kW and 556Nm torque (455 hp and 410 lb-ft).
Droptop fans can get the convertible GT for AUD$74,890. There are a few changes for 2020 Mustang buyers with a Black Shadow pack that adds a grand to the price. Four new colors are coming to Australia, including Grabber Lime, Iconic Silver, Red Hot and Twister Orange. Those wanting a Mustang that is a bit more special can get the Bullitt for AUD$73,688.
The very limited-edition Mustang R-Spec, of which only 500 units will be produced, will cost AUD$100,000 when it arrives. If Ford dealers in Australia are anything like those in the States, the R-Spec will carry hefty dealer markups pushing the price well above list.