Summary

• With 227 currently listed for sale near Memphis, TN and an average price of $38,850.00, 41.0% of 2022 Ford Mustangs for sale on CarGurus are rated as good or great deals.

• Favorably reviewed: Owners rated the 2022 Ford Mustang 4.78 / 5 stars.

• 100.0% of 2022 Mustang models on CarGurus are accident free.

Why it stands out

The 2022 Ford Mustang stands out as one of the most recognizable performance cars in American automotive history, and its appeal comes from how it makes performance feel accessible without losing its identity as a true sports car. It has long been offered in coupe and convertible body styles, and that familiar formula remains central to its character. For buyers, the Mustang’s biggest draw is the combination of heritage, rear-wheel-drive dynamics, and a wide range of trims and engines that let it serve both as an everyday sporty car and as something more serious.

What makes the 2022 Ford Mustang especially distinctive is the breadth of its performance choices. In the sixth generation, Ford’s EcoBoost turbocharged 2.3-liter inline four-cylinder engine powers base Mustangs, while other available engines include a 3.7-liter V6, the 5.0-liter Coyote V8, and two versions of the 5.2-liter V8. Transmission choices include two six-speed manuals, six- and 10-speed automatics, and a seven-speed dual-clutch automatic, and the car remains exclusively rear-wheel drive. That variety is a major strength, but shoppers should also know that EcoBoost models are known for problems with oil consumption and potential head gasket failure, and the transmission may be prone to slippage.

For a used-car buyer, the 2022 Mustang can be appealing because it is still relatively modern while remaining true to the Mustang formula. It offers the kind of performance and styling that owners praise, along with the option of a manual transmission for drivers who want a more engaging experience. At the same time, the model’s long list of configurations means condition and maintenance history matter, especially on a car that can be bought in very different forms depending on how much performance and equipment the original owner wanted.

Other model years to consider

• 2025 Ford Mustang

  • Average price: $34,439.00
  • Good/great deal percentage: 47.0%
  • User rating: 5 / 5
  • Total listings: 270

• 2020 Ford Mustang

  • Average price: $24,990.00
  • Good/great deal percentage: 42.7%
  • User rating: 4.73 / 5
  • Total listings: 286

• 2021 Ford Mustang

  • Average price: $28,411.00
  • Good/great deal percentage: 39.0%
  • User rating: 4.71 / 5
  • Total listings: 272

This analysis is based on CarGurus' proprietary market data from August 11, 2026, CarGurus experts' opinions, and generative AI.