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The First 2024 Mustang Sold for $490,000




From what is now a tradition for major North American car manufacturers, the first ever new generation Mustang that left production was sent off to be auctioned at the legendary Barrett-Jackson. As expected, the all-new V8 pony sold for quite a fair bit of money, $490,000, to be precise. And as usual, the complete amount is going to charity which is the true heart of this tradition. 


  • 2024 Mustang GT Vin 001 sold for $490,000
  • A new platform means new jam with the new Darkhorse trim level
  • All the money raised by the sale will be donated to the Juvenile Diabetes Research Foundation


Lot 3004 – 2024 Mustang VIN 001


The first thing you need to know about this specific Mustang is that the Mustang we saw at Barrett Jackson wasn't, in fact, the first 2024 Mustang. It was just a prototype used as a display. The actual 2024 Mustang VIN 001 hasn't been built yet because its future owners get to choose the configuration. Of course, it must be a Mustang GT. Of course, we expect the gentleman who won the auction to spec his new toy to the max.


The car itself sold for $490,000. An additional $50,000 was added to the amount by San Tan Ford, and $25,000 was donated by Michelle Mauzy, bringing the total amount to $565,000 for the Juvenile Diabetes Research Foundation. The JDRF is a global organization funding type 1 diabetes. Its partnership with Ford started back in 1997 when Albert, son of Edsel Ford II, was diagnosed with type 1 diabetes.


A Tradition


Every once in a while, Ford sends a new Mustang to auction, and although most cars did pretty well over the years, some raised a lot more money than others. It is the case for the first 2020 Shelby GT500, which sold for 1.1 million showing how strong the name is. The first Shelby GT350 sold for 1 million, and the first Mach 1 Mustang sold for $500,000.


A New Muscle Car


The 2024 Ford Mustang GT is powered by a 486 hp and 418 lb-ft of torque 5.0-L V8. It can be fitted with either a six-speed manual or a ten-speed automatic gearbox. There are 11 colors to choose from and many packs. There are even three color options for the brake calipers. The Mustang will be available with a 2.3 EcoBoost turbocharged four-cylinder and a 500 hp V8. The American muscle car should hit dealers this summer, and even though we don't know its price yet, we are sure it is going to cost less than $490,000.


Jean-Sébastien Poudrier

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