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2007 Ford Mustang Convertible - Overview

Research another Mustang:

$24,075 – $31,700 MSRP

$22,257 – $29,120 Invoice

17 / 25 MPG City/Hwy


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Midsize Sporty

2007 Ford Mustang Convertible

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What's New
Ford has rolled out a host of new Mustang and Mustang-based models for 2007, including the GT California Special, Shelby GT/GT-H, and Shelby GT500. An auxiliary audio input jack is standard on all models, and Sirius Satellite Radio and a DVD-based navigation system are now optional.

The Mustang has been a part of the American motoring lexicon for over four decades. When it first debuted in 1964, the Mustang spawned a new class of cars called pony cars-a segment Mustang has led ever since, and that Chrysler and GM are planning to re-enter with the upcoming 2008 Dodge Challenger and 2009 Chevrolet Camaro. Like the original Mustang, the 2007 model is a rear-wheel-drive 2-door coupe with a choice of six-cylinder or V-8 engine, the latter known as the Mustang GT. For 2007, the GT lineup adds the GT California Special (which, despite its name, is available in all 50 states). It features unique exterior styling, a lowered suspension, California Special tape stripes, and a black leather interior with contrasting inserts.

Carroll Shelby was famous for his high-performance Mustangs of the 1960s. Shelby is once again teaming with Ford to create three new limited-production models. The Shelby GT coupe features engine, suspension, and shifter enhancements from Ford Racing that boost horsepower from 300 to 319 and give the Shelby GT track-ready handling. The GT-H is an automatic-only version that will be available to rent through Hertz Rent-A-Car; at the end of their rental tenure, the cars will be auctioned to the public. The Shelby GT500, available as a coupe or convertible, boasts even more enhancements, including a 500-hp supercharged V-8 engine. As with the Shelby-enhanced Mustangs of the 1960s, the modern-day Shelbys are expected to become collector's items.

Ford plans to further expand the Shelby lineup for 2008 with a convertible version of the GT-H, again available to rent through Hertz Rent-A-Car, and a 540-hp version called the GT500KR "King of the Road."

The Competition
The Ford Mustang competes in the Midsize Sporty segment, which consists of five models. Buyers in this segment look for exterior styling, performance, and quality, according to the J.D. Power and Associates 2006 Avoider StudySM and the Escaped Shopper Study.SM

The top sellers in the segment during calendar year 2006, according to the J.D. Power and Associates Sales Report,SM were the Ford Mustang (166,530 units sold), Toyota Camry Solara (50,815), and Chevrolet Monte Carlo (34,113). The Ford Mustang's 166,530 sales in 2006 represent an increase of 3.5 percent compared to the previous year. Other models offered in the Midsize Sporty segment include the Mitsubishi Eclipse and Mazda RX-8.

Available Trims for the 2007 Ford Mustang Convertible

  Transmission MSRP Engine City/Hwy MPG
V6 Deluxe (150A) 5 speed manual $24,075 210-hp / 4.0L 6-cyl 19/28
V6 Premium (160A) 5 speed manual $25,070 210-hp / 4.0L 6-cyl 19/28
GT Deluxe (170A) 5 speed manual $30,520 300-hp / 4.6L 8-cyl 17/25
GT Premium (180A) 5 speed manual $31,700 300-hp / 4.6L 8-cyl 17/25

Top Rated Midsize Sportys

  • 2007 Ford Mustang Convertible

    $24,075–$31,700 Base MSRP

    $22,257–$29,120 Invoice

    17/25 MPG City/Hwy

    Overall Quality 5.0

    Overall Performance and Design 5.0

    Overall Dependability 3.0

  • 2007 Ford Mustang Coupe

    $19,250–$26,875 Base MSRP

    $17,916–$24,777 Invoice

    17/25 MPG City/Hwy

    Overall Quality 5.0

    Overall Performance and Design 5.0

    Overall Dependability 3.0

  • 2007 Chevrolet Monte Carlo Coupe

    $21,015–$27,740 Base MSRP

    $19,859–$26,214 Invoice

    18/27 MPG City/Hwy

    Overall Quality 2.0

    Overall Performance and Design 2.0

    Overall Dependability 5.0

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