2022 Ford Mustang GT: Power Down, Prices Up

By John Coyle - February 18, 2022

In the current car market, anyone expecting to get a 2022 Mustang for MSRP will need a colossal amount of luck.

When it comes to the 2022 Mustang GT, less is more. That’s because while the GT models of Ford’s prized Pony are shipping with 10 less horsepower and an equal amount less torque, prices have still gone up over last year’s models. Fortunately, like the changes to the engine output, the price hike isn’t really anything more than a rounding error. For the standard GT, GT Premium, and the GT convertible, the increase is a modest $165 dollars. Given that we’re talking about vehicles that start at around $36k, that’s hardly the end of the world.

Buyers looking to score a Mach 1 will be looking at an increase of $600, which when applied to a car that already lists above 50k, probably won’t cause any serious sticker shock. Interestingly, while the 2022 Shelby GT500 wasn’t impacted by the power drop, and is still packing all of the 760 ponies as it was last year, the surly snake wasn’t immune to the price increases. Its list price is up by $565 over last year. The new cost of entry for the Shelby is $73,565, and honestly, few buyers will probably even notice.

Of course, in the current car market? Anyone looking to buy a new Mustang will likely need family connections, a colossal amount of luck, dirt on the salesperson, or all three to score a deal anywhere near MSRP. Because as our friends over at Edmunds pointed out, last month a whopping 82 percent of the buyers paid over list. Even last year, with automotive world still firmly in the grip of COVID, just over two percent of folks shelled out more than sticker, which indicates it might be a little while longer before we see prices return to normal.

The bigger question, however, is what the ongoing chip shortage means for the forthcoming S650 Mustang. Up until now, the industry analysts have been predicting we’ll see the new car — and its rumored hybrid V8 — by the end of the year. But if Ford is currently cutting production on tent pole products like the F-150 due to a lack of silicone bits? Conventional wisdom says that, as important as the Mustang is to the Blue Oval’s culture, it might get put on the back burner until things stabilize.

Photos: Ford