2007 Ford Mustang Values

A carry-over from 2006, the two-door coupe pony-car from Ford is available in either deluxe or premium package trim-levels offered in the coupe and convertible models. The base model offers a 4.0Liter V6 that produces 210HP, with the GT stepping the power up to a 4.6Liter V8 that cranks out 300HP. A five-speed manual transmission is standard with an optional four-speed automatic. The big news for Mustang is the legendary Shelby Mustang returns for 2007, with the rebirth of the Shelby GT500 Mustang. A limited production of 7,500 units will be built complete with a high-performance 500HP 5.4Liter V8.

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2007 model year changes View changes +

The current generation of the Ford Mustang was introduced in 2005; for 2007 the "Standard" trim has been dropped. New standard features include an audio input jack, tire pressure monitor, and cruise control. Sirius satellite radio is now available, as are heated front seats. A new California Special package is offered on the GT Premium trim that includes leather front seats, a unique front fascia and chin spoiler, side scoops and stripes, as well as 18-inch aluminum wheels. The big addition for 2007 is the high-performance Carroll Shelby-designed GT500. Equipped with a 5.4L supercharged and intercooled V8, a six-speed Tremec manual transmission, a limited slip differential, a solid rear axle, and an SVT-tuned suspension, it's a legitimate factory hot rod.

Competitive comparison View advantages +

Great performance at a low price; retro-fantastic styling.

Special features for 2007 View special features +

The Mustang GT, which starts at $25,695, is an excellent performance value--with 300 horses and confident handling, it's sporty and stylish. The Mustang V6 is also quick, getting to 60 in 6.5 seconds, while the handling is oriented toward a comfortable ride. Mileage on the V6 is rated by the EPA at 19 city/28 highway, and prices start below $20,000.

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