krisk
Well-Known Member
- Thread starter
- #1
I keep seeing a lot of comments from people about how expensive the 2024 Mustang is with some questioning whether it is worth it. Even in some of the media reviews they have brought up how expensive the 2024 Mustang has become. After hearing these comments for months I decided to compare my 2019 Mustang GT MSRP to what an equivalent 2024 Mustang would cost. Here's my analysis:
2019 Mustang GT Premium - Base Price: $39,355
10 Speed Auto - $1,595
B&O Sound - $895
Premium Floor Liners - $120
GT Performance Package - $3,995
Voice-Act Touchscreen Nav - $795
Destination & Delivery - $1,095
Total MSRP - $47,850
2024 Mustang GT Premium - Base Price: $46,015
10 Speed Auto - $1,595
B&O Sound (w/ Co-Pilot360) - $1,295
Premium Floor Liners - $170
GT Performance Package - $4,995
Voice-Act Touchscreen Nav - Included
Destination & Delivery - $1,595
Total MSRP - $55,665
Total MSRP increase from 2019 - 2024 MY: $7,815 or 16.33% Increase
Now, if you look at the Social Security COLA for the last five years of 2.8%, 1.6%, 1.3%, 5.9% and 8.7%, that equates to a 21.79% increase over the last five years. This is a pretty fair indicator of US consumer inflation during this time span.
So, inflation over the last five years is 21.79% and the MSRP on the 2024 Mustang is up 16.33% over that same period. Using the SS COLA adjustment, that 2024 Mustang would be priced at $58,276 MSRP or $2.611 higher than Ford's current pricing. I understand that some dealers may not be offering the discounts they were five years ago, but that is really about the supply and demand which goes up and down. Simply looking at it from the MSRP, I don't see the basis for the price complaints.
Please explain how people are complaining about the price of the 2024 Mustang, when compared to the S550 pricing?
2019 Mustang GT Premium - Base Price: $39,355
10 Speed Auto - $1,595
B&O Sound - $895
Premium Floor Liners - $120
GT Performance Package - $3,995
Voice-Act Touchscreen Nav - $795
Destination & Delivery - $1,095
Total MSRP - $47,850
2024 Mustang GT Premium - Base Price: $46,015
10 Speed Auto - $1,595
B&O Sound (w/ Co-Pilot360) - $1,295
Premium Floor Liners - $170
GT Performance Package - $4,995
Voice-Act Touchscreen Nav - Included
Destination & Delivery - $1,595
Total MSRP - $55,665
Total MSRP increase from 2019 - 2024 MY: $7,815 or 16.33% Increase
Now, if you look at the Social Security COLA for the last five years of 2.8%, 1.6%, 1.3%, 5.9% and 8.7%, that equates to a 21.79% increase over the last five years. This is a pretty fair indicator of US consumer inflation during this time span.
So, inflation over the last five years is 21.79% and the MSRP on the 2024 Mustang is up 16.33% over that same period. Using the SS COLA adjustment, that 2024 Mustang would be priced at $58,276 MSRP or $2.611 higher than Ford's current pricing. I understand that some dealers may not be offering the discounts they were five years ago, but that is really about the supply and demand which goes up and down. Simply looking at it from the MSRP, I don't see the basis for the price complaints.
Please explain how people are complaining about the price of the 2024 Mustang, when compared to the S550 pricing?
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