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2006 Ford Mustang Convertible - Overview

Research another Mustang:

$23,940 – $31,145 MSRP

$22,046 – $28,530 Invoice

17 / 25 MPG City/Hwy


2006 Ford Mustang Convertible

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What's New
The Mustang received a complete retro-style redesign for 2005. For 2006, a new Pony package brings the aggressive looks and sportier handling of the V-8 GT models to the less powerful V-6, which is less expensive to buy and insure. Two new 18-inch wheel-and-tire packages are available for the GT, and two new metallic colors (Vista Blue and Tungsten Grey) join the exterior paint palette.

A new Shelby GT500 will join the Mustang lineup as a 2007 model. The 475-hp output of its supercharged V-8 will make it the most powerful Mustang ever produced. Designed as a collaborative effort by Ford's Special Vehicle Team and Carroll Shelby, father of the infamous Shelby Mustangs of the 1960s, the new GT500 will feature a six-speed manual transmission, race-tuned suspension, and unique styling cues.

Four decades ago, a Ford executive named Lee Iacocca presented the idea of a two-door, four-seat sports car to Ford executives. Using mechanical parts from existing Ford models would make it inexpensive to produce, a long list of options would make it profitable, and market research indicated that there was a desire for such a car. Upper management was reluctant, but Iacocca persevered and got the go-ahead. Ford presented the new Mustang to the public at the 1964 New York World's Fair. Approving the Mustang quickly turned out to be one of the best decisions Ford ever made. Ford sold well over 120,000 Mustangs during the remainder of 1964 and about 560,000 in 1965. (That figure bests the Toyota Camry sedan, the best-selling vehicle in the U.S. in 2005, by more than 180,000.) The Mustang has been part of the American automotive scene ever since.

Many enthusiasts argue that the Mustang's latest redesign made 2005 one of the best ever. The new Mustang's similarity to the original goes beyond styling. Like the original, the new Mustang is rear-wheel drive and is available with six- or eight-cylinder power (though at 210 hp, the current V-6 produces more than double the output of the original six, and the V-8's 300 hp is nearly 50 percent more than the original 289-cubic inch V-8). This year, a new V-6 Pony Package bridges the gap between the basic V-6 and the hot-rod GT V-8. It includes unique styling enhancements that echo the look of the GT as well as larger 17-inch wheels and tires, stiffer suspension tuning, anti-lock brakes, and traction control. Mustang GTs equipped with either of the new 18-inch wheel-and-tire combinations get unique suspension tuning that is specially calibrated for the wider tires.

The Competition
The Mustang competes in the Midsize Sporty segment. Vehicles in this category run the gamut from sporty-looking luxury coupes to purpose-built performance cars.

According to the J.D. Power and Associates Sales Report,SM the Mustang is the sales leader in this segment by a sizeable margin, with 160,975 sales in calendar year 2005. The Toyota Solara is a distant second, with 56,900 sales in 2005. The Chevrolet Monte Carlo (33,562) is the only other model in the segment with sales over 25,000 units during 2005. Others in the category include the Mitsubishi Eclipse, Mazda RX-8, Pontiac GTO, and Chevrolet SSR.

Available Trims for the 2006 Ford Mustang Convertible

  Transmission MSRP Engine City/Hwy MPG
V6 Standard (050A) 5 speed manual $23,940 210-hp / 4.0L 6-cyl 19/28
GT Deluxe (170A) 5 speed manual $29,965 300-hp / 4.6L 8-cyl 17/25

Top Rated Midsize Sporty Cars

  • 2006 Ford Mustang Convertible

    $23,940–$31,145 Base MSRP

    $22,046–$28,530 Invoice

    17/25 MPG City/Hwy

    Overall Quality 4.0

    Overall Performance and Design 5.0

    Overall Dependability 2.0

  • 2006 Ford Mustang Coupe

    $19,115–$26,320 Base MSRP

    $17,703–$24,188 Invoice

    17/25 MPG City/Hwy

    Overall Quality 4.0

    Overall Performance and Design 5.0

    Overall Dependability 2.0

  • 2006 Chevrolet Monte Carlo Coupe

    $20,330–$26,330 Base MSRP

    $19,212–$24,882 Invoice

    18/28 MPG City/Hwy

    Overall Quality 2.0

    Overall Performance and Design 5.0

    Overall Dependability 4.0

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