Used 2023 Ford Mustang for Sale nearAlbuquerque, NM
Shop with transparent pricing.
Only show listings that include dealer fees- Year:
- 2023
- Make:
- Ford
- Model:
- Mustang
- Body type:
- Coupe
- Doors:
- 2 doors
- Drivetrain:
- Rear-Wheel Drive
- Engine:
- 470 hp 5L V8
- Exterior color:
- Gray Metallic
- Combined gas mileage:
- 19 MPG
- Fuel type:
- Gasoline
- Interior color:
- Black (Ebony)
- Transmission:
- Automatic
- Mileage:
- 25,825
- Stock #:
- 261408B
- VIN:
- 1FA6P8R04P5501368


Sponsored by Power Ford
2023 Ford Mustang
Mach 1 Fastback RWD
25,825 mi
$52,999
- Year:
- 2023
- Make:
- Ford
- Model:
- Mustang
- Body type:
- Coupe
- Doors:
- 2 doors
- Drivetrain:
- Rear-Wheel Drive
- Engine:
- 450 hp 5L V8
- Exterior color:
- White
- Combined gas mileage:
- 19 MPG
- Fuel type:
- Gasoline
- Interior color:
- Black
- Transmission:
- Automatic
- Mileage:
- 64,239
- Stock #:
- TP5304353
- VIN:
- 1FA6P8CF7P5304353

Sponsored Listing
2023 Ford Mustang
GT Premium Fastback RWD
64,239 mi
$37,378
- Year:
- 2024
- Make:
- Ford
- Model:
- Mustang
- Body type:
- Coupe
- Doors:
- 2 doors
- Drivetrain:
- Rear-Wheel Drive
- Engine:
- 480 hp 5L V8
- Exterior color:
- Blue
- Combined gas mileage:
- 19 MPG
- Fuel type:
- Gasoline
- Interior color:
- Black
- Transmission:
- Manual
- Mileage:
- 16,804
- Stock #:
- AMTTR5431327
- VIN:
- 1FA6P8CF1R5431327

-$1,000
Sponsored Listing
2024 Ford Mustang
GT Fastback RWD
16,804 mi
$39,344
$38,344
- Year:
- 2022
- Make:
- Ford
- Model:
- Mustang
- Body type:
- Coupe
- Doors:
- 2 doors
- Drivetrain:
- Rear-Wheel Drive
- Engine:
- 310 hp 2.3L I4
- Exterior color:
- Race Red
- Combined gas mileage:
- 26 MPG
- Fuel type:
- Gasoline
- Interior color:
- Black (Ebony)
- Transmission:
- Automatic
- Mileage:
- 42,294
- Stock #:
- 61131A
- VIN:
- 1FA6P8TH6N5108192

2022 Ford Mustang
EcoBoost Fastback RWD
42,294 mi
$23,999
- Year:
- 2024
- Make:
- Ford
- Model:
- Mustang
- Body type:
- Coupe
- Doors:
- 2 doors
- Drivetrain:
- Rear-Wheel Drive
- Engine:
- 480 hp 5L V8
- Exterior color:
- Black
- Combined gas mileage:
- 20 MPG
- Fuel type:
- Gasoline
- Interior color:
- Black
- Transmission:
- Automatic
- Mileage:
- 14,478
- Stock #:
- 434768
- VIN:
- 1FA6P8CF2R5434768

2024 Ford Mustang
GT Premium Fastback RWD
14,478 mi
$46,299
- Year:
- 2023
- Make:
- Ford
- Model:
- Mustang
- Body type:
- Coupe
- Doors:
- 2 doors
- Drivetrain:
- Rear-Wheel Drive
- Engine:
- 450 hp 5L V8
- Exterior color:
- Gray
- Combined gas mileage:
- 19 MPG
- Fuel type:
- Gasoline
- Transmission:
- Automatic
- Mileage:
- 14,634
- Stock #:
- B3494A
- VIN:
- 1FA6P8CF7P5307107
2023 Ford Mustang
GT Premium Fastback RWD
14,634 mi
$43,297
- Year:
- 2024
- Make:
- Ford
- Model:
- Mustang
- Body type:
- Coupe
- Doors:
- 2 doors
- Drivetrain:
- Rear-Wheel Drive
- Engine:
- 480 hp 5L V8
- Exterior color:
- Blue
- Combined gas mileage:
- 19 MPG
- Fuel type:
- Gasoline
- Interior color:
- Black
- Transmission:
- Manual
- Mileage:
- 16,804
- Stock #:
- AMTTR5431327
- VIN:
- 1FA6P8CF1R5431327

-$1,000
2024 Ford Mustang
GT Fastback RWD
16,804 mi
$39,344
$38,344
- Year:
- 2024
- Make:
- Ford
- Model:
- Mustang
- Body type:
- Convertible
- Doors:
- 2 doors
- Drivetrain:
- Rear-Wheel Drive
- Engine:
- 315 hp 2.3L I4
- Exterior color:
- Red
- Combined gas mileage:
- 27 MPG
- Fuel type:
- Gasoline
- Interior color:
- Black
- Transmission:
- Automatic
- Mileage:
- 50,960
- Stock #:
- 70272305
- VIN:
- 1FAGP8UH7R5133692

2024 Ford Mustang
EcoBoost Convertible RWD
50,960 mi
$24,247
- Year:
- 2024
- Make:
- Ford
- Model:
- Mustang
- Body type:
- Coupe
- Doors:
- 2 doors
- Drivetrain:
- Rear-Wheel Drive
- Engine:
- 480 hp 5L V8
- Exterior color:
- Blue
- Combined gas mileage:
- 20 MPG
- Fuel type:
- Gasoline
- Interior color:
- Black
- Transmission:
- Automatic
- Mileage:
- 34,841
- Stock #:
- 70321038
- VIN:
- 1FA6P8CF4R5413288

2024 Ford Mustang
GT Premium Fastback RWD
34,841 mi
$41,297
- Year:
- 2023
- Make:
- Ford
- Model:
- Mustang
- Body type:
- Coupe
- Doors:
- 2 doors
- Drivetrain:
- Rear-Wheel Drive
- Engine:
- 450 hp 5L V8
- Exterior color:
- Black
- Combined gas mileage:
- 19 MPG
- Fuel type:
- Gasoline
- Transmission:
- Automatic
- Mileage:
- 35,465
- Stock #:
- H300842
- VIN:
- 1FA6P8CF2P5300842

2023 Ford Mustang
GT Premium Fastback RWD
35,465 mi
$37,611
- Year:
- 2024
- Make:
- Ford
- Model:
- Mustang
- Body type:
- Coupe
- Doors:
- 2 doors
- Drivetrain:
- Rear-Wheel Drive
- Engine:
- 480 hp 5L V8
- Exterior color:
- Blue
- Combined gas mileage:
- 20 MPG
- Fuel type:
- Gasoline
- Interior color:
- Black
- Transmission:
- Automatic
- Mileage:
- 15,297
- Stock #:
- 434571
- VIN:
- 1FA6P8CF5R5434571

2024 Ford Mustang
GT Premium Fastback RWD
15,297 mi
$42,879
- Year:
- 2022
- Make:
- Ford
- Model:
- Mustang
- Body type:
- Coupe
- Doors:
- 2 doors
- Drivetrain:
- Rear-Wheel Drive
- Engine:
- 450 hp 5L V8
- Exterior color:
- Silver Metallic
- Combined gas mileage:
- 19 MPG
- Fuel type:
- Gasoline
- Interior color:
- Black (Ebony)
- Transmission:
- Automatic
- Mileage:
- 60,769
- Stock #:
- P13571
- VIN:
- 1FA6P8CFXN5101535

2022 Ford Mustang
GT Premium Fastback RWD
60,769 mi
$38,091
- Year:
- 2024
- Make:
- Ford
- Model:
- Mustang
- Body type:
- Convertible
- Doors:
- 2 doors
- Drivetrain:
- Rear-Wheel Drive
- Engine:
- 315 hp 2.3L I4
- Exterior color:
- Red
- Combined gas mileage:
- 27 MPG
- Fuel type:
- Gasoline
- Interior color:
- Black
- Transmission:
- Automatic
- Mileage:
- 58,830
- Stock #:
- 70270233
- VIN:
- 1FAGP8UH6R5132727

2024 Ford Mustang
EcoBoost Premium Convertible RWD
58,830 mi
$24,247
CarGurus Analysis:
2023 Ford Mustang
With 18 currently listed for sale and an average price of $43,297, 27.8% of 2023 Ford Mustang listings on CarGurus are rated as good or great deals.
Favorably reviewed: Owners rated the 2023 Ford Mustang 5 / 5 stars.
83.3% of 2023 Ford Mustang listings on CarGurus are accident free.
- Year:
- 2023
- Make:
- Ford
- Model:
- Mustang
- Body type:
- Coupe
- Doors:
- 2 doors
- Drivetrain:
- Rear-Wheel Drive
- Engine:
- 450 hp 5L V8
- Exterior color:
- White
- Combined gas mileage:
- 19 MPG
- Fuel type:
- Gasoline
- Interior color:
- Black
- Transmission:
- Automatic
- Mileage:
- 64,239
- Stock #:
- TP5304353
- VIN:
- 1FA6P8CF7P5304353

2023 Ford Mustang
GT Premium Fastback RWD
64,239 mi
$37,378
- Year:
- 2024
- Make:
- Ford
- Model:
- Mustang
- Body type:
- Coupe
- Doors:
- 2 doors
- Drivetrain:
- Rear-Wheel Drive
- Engine:
- 480 hp 5L V8
- Exterior color:
- Red
- Combined gas mileage:
- 20 MPG
- Fuel type:
- Gasoline
- Interior color:
- Brown
- Transmission:
- Automatic
- Mileage:
- 10,967
- Stock #:
- 406915
- VIN:
- 1FA6P8CF3R5406915

2024 Ford Mustang
GT Premium Fastback RWD
10,967 mi
$48,339
- Year:
- 2024
- Make:
- Ford
- Model:
- Mustang
- Body type:
- Convertible
- Doors:
- 2 doors
- Drivetrain:
- Rear-Wheel Drive
- Engine:
- 315 hp 2.3L I4
- Exterior color:
- Iconic Silver Metallic
- Combined gas mileage:
- 27 MPG
- Fuel type:
- Gasoline
- Interior color:
- Space Gray
- Transmission:
- Automatic
- Mileage:
- 45,525
- Stock #:
- CU7805
- VIN:
- 1FAGP8UH6R5131111

2024 Ford Mustang
EcoBoost Premium Convertible RWD
45,525 mi
$27,206
- Year:
- 2024
- Make:
- Ford
- Model:
- Mustang
- Body type:
- Convertible
- Doors:
- 2 doors
- Drivetrain:
- Rear-Wheel Drive
- Engine:
- 315 hp 2.3L I4
- Exterior color:
- Dark Matter Gray Metallic
- Combined gas mileage:
- 27 MPG
- Fuel type:
- Gasoline
- Interior color:
- Space Gray
- Transmission:
- Automatic
- Mileage:
- 68,730
- Stock #:
- CU7793
- VIN:
- 1FAGP8UH8R5131207

2024 Ford Mustang
EcoBoost Premium Convertible RWD
68,730 mi
$25,406
- Year:
- 2023
- Make:
- Ford
- Model:
- Mustang
- Body type:
- Coupe
- Doors:
- 2 doors
- Drivetrain:
- Rear-Wheel Drive
- Engine:
- 310 hp 2.3L I4
- Exterior color:
- Eruption Green Metallic
- Combined gas mileage:
- 27 MPG
- Fuel type:
- Gasoline
- Interior color:
- Black (Ebony)
- Transmission:
- Automatic
- Mileage:
- 26,972
- Stock #:
- 40633
- VIN:
- 1FA6P8TH6P5103755

2023 Ford Mustang
EcoBoost Fastback RWD
26,972 mi
$27,157
- Year:
- 2022
- Make:
- Ford
- Model:
- Mustang
- Body type:
- Coupe
- Doors:
- 2 doors
- Drivetrain:
- Rear-Wheel Drive
- Engine:
- 450 hp 5L V8
- Exterior color:
- Iconic Silver Metallic
- Combined gas mileage:
- 19 MPG
- Fuel type:
- Gasoline
- Interior color:
- Black (Ebony)
- Transmission:
- 10-Speed Automatic
- Mileage:
- 43,764
- Stock #:
- 131911
- VIN:
- 1FA6P8CF8N5131911

2022 Ford Mustang
GT Premium Fastback RWD
43,764 mi
$41,779
- Year:
- 2022
- Make:
- Ford
- Model:
- Mustang
- Body type:
- Coupe
- Doors:
- 2 doors
- Drivetrain:
- Rear-Wheel Drive
- Engine:
- 450 hp 5L V8
- Exterior color:
- Carbonized Gray Metallic
- Combined gas mileage:
- 19 MPG
- Fuel type:
- Gasoline
- Interior color:
- Midnight Blue
- Transmission:
- 10-Speed Automatic
- Mileage:
- 34,910
- Stock #:
- 127841
- VIN:
- 1FA6P8CF4N5127841

2022 Ford Mustang
GT Premium Fastback RWD
34,910 mi
$41,160
- Year:
- 2022
- Make:
- Ford
- Model:
- Mustang
- Body type:
- Coupe
- Doors:
- 2 doors
- Drivetrain:
- Rear-Wheel Drive
- Engine:
- 450 hp 5L V8
- Exterior color:
- Silver
- Combined gas mileage:
- 19 MPG
- Fuel type:
- Gasoline
- Transmission:
- Automatic
- Mileage:
- 21,366
- Stock #:
- 108133
- VIN:
- 1FA6P8CF3N5108133

2022 Ford Mustang
GT Fastback RWD
21,366 mi
$41,679
- Year:
- 2024
- Make:
- Ford
- Model:
- Mustang
- Body type:
- Convertible
- Doors:
- 2 doors
- Drivetrain:
- Rear-Wheel Drive
- Engine:
- 315 hp 2.3L I4
- Exterior color:
- Oxford White
- Combined gas mileage:
- 27 MPG
- Fuel type:
- Gasoline
- Interior color:
- Space Gray
- Transmission:
- Automatic
- Mileage:
- 58,039
- Stock #:
- CU7778
- VIN:
- 1FAGP8UH7R5117198

2024 Ford Mustang
EcoBoost Premium Convertible RWD
58,039 mi
$27,206
- Year:
- 2024
- Make:
- Ford
- Model:
- Mustang
- Body type:
- Coupe
- Doors:
- 2 doors
- Drivetrain:
- Rear-Wheel Drive
- Engine:
- 480 hp 5L V8
- Exterior color:
- Black
- Combined gas mileage:
- 20 MPG
- Fuel type:
- Gasoline
- Interior color:
- Black
- Transmission:
- Automatic
- Mileage:
- 14,478
- Stock #:
- 434768
- VIN:
- 1FA6P8CF2R5434768

Sponsored Listing
2024 Ford Mustang
GT Premium Fastback RWD
14,478 mi
$46,299
CarGurus Analysis: 2023 Ford Mustang

Summary
With 18 currently listed for sale and an average price of $43,297, 27.8% of 2023 Ford Mustang listings on CarGurus are rated as good or great deals.
Favorably reviewed: Owners rated the 2023 Ford Mustang 5 / 5 stars.
83.3% of 2023 Ford Mustang listings on CarGurus are accident free.
Why it stands out
The 2023 Ford Mustang stands out because it sits at the end of the sixth generation, a long-running redesign that began for the 2015 model year and brought a sleeker, smoother look, coupe and soft-top convertible body styles, and an independent rear suspension. It also marked the first time Ford produced and marketed the Mustang for a global audience, and it was the first Mustang to feature Ford’s EcoBoost engine lineup. That combination gives the 2023 Mustang broad appeal: it remains a rear-wheel-drive sports car with a familiar formula, but it also offers a wider range of engines and transmissions than many rivals.
For 2023, the Mustang could be had with Ford’s EcoBoost turbocharged 2.3-liter inline four-cylinder engine, while other available engines included a 3.7-liter V6, the 5.0-liter Coyote V8, and two versions of the 5.2-liter V8. Transmission choices included two six-speed manuals, six- and 10-speed automatics, and a seven-speed dual-clutch automatic. That variety is one of the Mustang’s biggest strengths, since it lets buyers choose between everyday usability and serious performance. At the same time, shoppers should be aware that EcoBoost models are known for problems with oil consumption and potential head gasket failure, and the transmission may be prone to slippage.
Pricing also helps explain the Mustang’s appeal as a used buy. The average listing price for a 2023 Mustang is about $32,300, which keeps it within reach for shoppers who want an iconic performance car without stepping into the newest model year. Owners also tend to praise its performance, styling, and value, along with the convertible option and strong sound system. On the downside, some buyers note that it lacks luxury features, so the 2023 Mustang is best understood as a driver-focused car first and a comfort-first cruiser second.
Other model years to consider
- 2025 Ford Mustang
- Average price: $42,387
- Good/great deal percentage: 34.8%
- User rating: 5 / 5
- Total listings: 23
- 2024 Ford Mustang
- Average price: $41,329
- Good/great deal percentage: 31.8%
- User rating: 4.8 / 5
- Total listings: 22
Similar models to consider
- 2023 Chevrolet Camaro
- Average price: $34,925
- Good/great deal percentage: 50%
- User rating: 4.9 / 5
- Total listings: 6
- 2023 Dodge Challenger
- Average price: $61,573
- Good/great deal percentage: 11.8%
- User rating: 4.8 / 5
- Total listings: 17
This analysis is based on CarGurus' proprietary market data from November 9, 2026, CarGurus experts' opinions, and generative AI.
*CarGurus meticulously monitors the prices of millions of pre-owned vehicle listings, offering users precise and up-to-date market insights. Historical pricing data excludes any additional dealer fees as of May 3, 2026.
5.0 Overall rating
Filter by rating
John H
Reviewed a 2023 Ford Mustang on Apr 16, 2025
Great car, fun to drive and the ride is way better than what I thought it would be.
Philip L
Reviewed a 2023 Ford GT Fastback RWD on Jan 23, 2026
It doesn’t have a lot of luxury features but the active exhaust is great and for its age and mileage it was a good price.
Atilio E
Reviewed a 2023 Ford GT Premium Fastback RWD on Feb 25, 2026
Great car. Great color. Lots of extra features. Good value for what it has. Wish it had a spoiler. But no biggie. I love it. 1st v8. Hyped!
Johnny S
Reviewed a 2023 Ford Mustang on Jun 10, 2023
From a purely aesthetic standpoint the new Mustangs look like the classic muscle cars of the 60’s and 70’s. It has that wide body and low to the ground appearance you expect from a Ford Mustang. This particular model with its “White Ice Appearance Package” is truly classy. But this vehicle is nothing like the Mustangs of the 60’s and 70’s. It has all the “Bells and Whistles” of the modern technology era! From its state of the art 12 LCD Digital IP CLUSTER, to its SAFETY/SECURITY conscious package this vehicle is truly a marvel and an utter joy to drive. As far as being a good value, I think Ford has done a fairly good job of giving the car buyer the most and best bang for his buck. They’ve incorporated the things people are looking for in a vehicle and done so at a reasonable cost to the consumer. From my point of view the EcoBoost Premium Fastback RWD with the 201A Optional Equipment Package leaves nothing out. It was a great deal for the price and it has everything that I need or even desired in a car.
Compare 2023 Ford Mustang Trims in Albuquerque, NM
The 2023 Ford Mustang offers a thrilling driving experience with powerful V8 engines and a stylish design, perfect for performance enthusiasts.
- Starting at $43,297
- Best MPG/MPGe: 15 city / 24 hwy
- Most Popular: GT Premium Fastback RWD
Trim Overview
Prices updated weekly from CarGurus listings.
| GT Fastback RWD | GT Premium Fastback RWD (Most Popular) | |
|---|---|---|
| Starting MSRP | $38,345 | $43,365 |
| Avg. Market Price | $43,297 | $43,297 |
| Positioning | Best value | Fully loaded |
| Standout Features | Bluetooth, Backup Camera, Parking Sensors | Navigation system, Leather seats, Adaptive cruise control |
| Drivetrain | RWD | RWD |
| Listings Available | 5 | 10 |
Quick Compare Table
Listing prices sourced from CarGurus — updated weekly. OEM specs from manufacturer data.
| GT Fastback RWD | GT Premium Fastback RWD | |
|---|---|---|
| AI Summary | Best value option with essential features | Most equipped trim with advanced tech |
| Avg. Market Price | $43,297 | $43,297 |
| MSRP | $38,345 | $43,365 |
| Engine | 5.0L 450 hp V8 | 5.0L 450 hp V8 |
| Drivetrain | RWD | RWD |
| MPG/MPGe (City/Hwy) | 15/24 | 15/24 |
| Bluetooth | ✓ | ✓ |
| Backup Camera | ✓ | ✓ |
| Parking Sensors | ✓ | ✓ |
| Blind Spot Monitoring | ✓ | ✓ |
| Navigation System | — | ✓ |
| Android Auto | — | ✓ |
| CarPlay | — | ✓ |
| Leather Seats | — | ✓ |
| Adaptive Cruise Control | — | ✓ |
| Active Listings | 5 | 10 |
Missing data displayed as "—".
Trim Deep Dives
GT Fastback RWD — "Who It's For"
The GT Fastback RWD is the pick for shoppers who want a powerful Mustang experience without the extra features of the Premium trim.
- Avg. market price: $43,297 (updated weekly)
- MPG/MPGe: 15 city / 24 hwy
- Inventory: 5 listings — lower availability; may limit negotiating room
- View GT Fastback RWD listings
GT Premium Fastback RWD — "Who It's For"
The GT Premium Fastback RWD is the pick for shoppers who want a fully loaded Mustang with advanced technology and luxury features.
- Avg. market price: $43,297 (updated weekly)
- MPG/MPGe: 15 city / 24 hwy
- Inventory: 10 listings — lower availability; may limit negotiating room
- View GT Premium Fastback RWD listings
Trim Recommendations
Most Popular — GT Premium Fastback RWD
With 10 active listings, the GT Premium Fastback RWD is the clear volume leader in the lineup.
Browse GT Premium Fastback RWD listings
Best Budget Option — GT Fastback RWD
At $43,297 avg market price — below the lineup median of $43,297 — it's the most accessible entry point.
Browse GT Fastback RWD listings
These recommendations are based on CarGurus' proprietary market data from November 12, 2026, CarGurus experts' opinions, and generative AI.
*CarGurus meticulously monitors the prices of millions of pre-owned vehicle listings, offering users precise and up-to-date market insights. Historical pricing data excludes any additional dealer fees as of May 3, 2026.
2023 Ford Mustang Price Trends
CarGurus tracks the prices of millions of used car listings every year. See how the average price of 2023 Ford Mustang prices has changed over time.
See more price trends2023 Ford Mustang Pricing Analysis: Albuquerque, NM Market Report
Pricing in Nearby Cities
Market Area: Albuquerque, NM
Key Insights
- Highest-Price Market: Santa Fe, NM has the highest average price at $37,379, indicating a premium market for the Mustang.
- Best Value: Las Cruces, NM offers the lowest average price at $25,086, presenting a more affordable option for buyers.
- Inventory Drives Stability: Las Cruces, NM and El Paso, TX both have 18 listings, suggesting a stable supply in these markets.
City-Level Pricing
| City | Total Listings | Avg Price |
|---|---|---|
| Las Cruces, NM | 18 | $25,086 |
| El Paso, TX | 18 | $25,086 |
| Farmington, NM | 6 | $26,840 |
| Durango, CO | 6 | $26,840 |
| Santa Fe, NM | 4 | $37,379 |
Pricing by Trim Packages
Key Insights
- Volume Leader: The GT Premium Fastback RWD leads with 11 listings, indicating strong demand for this trim.
- Premium Spread: The Mach 1 Fastback RWD is priced at $55,570, showcasing a significant premium over other trims.
- Drivetrain Effect: All trims listed are RWD, which may appeal to performance-oriented buyers looking for a sporty driving experience.
Trim-Level Details
| Trim | Listings | MSRP | Drivetrain | Engine |
|---|---|---|---|---|
| EcoBoost Premium Convertible RWD | 3 | $38,295 | RWD | 2.3L 310 hp I4 |
| GT Premium Fastback RWD | 11 | $43,365 | RWD | 5.0L 450 hp V8 |
| GT Premium Convertible RWD | 3 | $48,865 | RWD | 5.0L 450 hp V8 |
| EcoBoost Fastback RWD | 2 | $27,770 | RWD | 2.3L 310 hp I4 |
| GT Fastback RWD | 5 | $38,345 | RWD | 5.0L 450 hp V8 |
| EcoBoost Premium Fastback RWD | 4 | $32,795 | RWD | 2.3L 310 hp I4 |
| EcoBoost Convertible RWD | 1 | $33,270 | RWD | 2.3L 310 hp I4 |
| Mach 1 Fastback RWD | 1 | $55,570 | RWD | 5.0L 470 hp V8 |
Pricing Analysis by Model Year
Key Insights
- New-Car Premium: The 2026 model year shows an average price of $46,993, reflecting a 42.4% premium over its starting MSRP.
- Depreciation Curve: The 2017 model year exhibits the steepest depreciation at -40.5%, indicating significant value loss over time.
- Best Value Sweet Spot: The 2022 model year has an average price of $31,795, which is a reasonable option for buyers looking for value without sacrificing features.
Model Year Pricing
| Model Year | Starting MSRP | Avg Price | Avg Price vs Starting MSRP |
|---|---|---|---|
| 2026 | $32,995 | $46,993 | +42.4% |
| 2025 | $31,920 | $41,861 | +31.1% |
| 2024 | $30,920 | $41,422 | +34.0% |
| 2023 | $27,770 | $43,297 | +55.9% |
| 2022 | $27,470 | $31,795 | +15.7% |
| 2021 | $27,205 | $35,720 | +31.3% |
| 2020 | $26,670 | $29,498 | +10.6% |
| 2019 | $26,395 | $24,044 | -8.9% |
| 2017 | $25,185 | $14,995 | -40.5% |
| 2016 | $24,145 | $20,495 | -15.1% |
These recommendations are based on CarGurus' proprietary market data from November 11, 2026, CarGurus experts' opinions, and generative AI.
*CarGurus meticulously monitors the prices of millions of pre-owned vehicle listings, offering users precise and up-to-date market insights. Historical pricing data excludes any additional dealer fees as of May 3, 2026.
How much does the 2023 Ford Mustang cost?
| Metric | Value |
|---|---|
| Current Average Price | $31,397 |
| Year-Round Low | $28,733 |
| Year-Round High | $33,732 |
| Average Price a Year Ago | $29,510 |
| Change vs. Last Year | +6.39% |
Prices are up 6.39% year-over-year — a sign of continued demand for this model year.
There are 2,595 listings available, which gives you a solid pool of used Mustangs to compare.
Is the 2023 Ford Mustang a good car?
Yes — 5/5 is a strong user rating for the 2023 Ford Mustang. Owners consistently praise its performance, styling, and value, and they also call out the sound system and convertible option as standout positives. That makes it a strong fit if you want a rear-wheel-drive sports car that balances everyday usability with a wide range of engine and transmission choices. With 34.5% of listings marked as good or great deals, you still have room to shop selectively.
Is the 2023 Ford Mustang reliable?
Owners rate it 5/5, a strong signal of long-term satisfaction.
The owner feedback points to a car that many buyers find dependable and enjoyable over time, especially when it comes to the driving experience and overall ownership satisfaction. That said, used buyers should pay close attention to maintenance history and condition, since long-term ownership risk can rise if prior care was inconsistent.
What should I look for when buying a used 2023 Ford Mustang?
Accident-free inventory is solid at 83.2% — always verify the vehicle history report.
You should prioritize a history report first, then focus your inspection on signs of prior damage, uneven wear, or deferred maintenance. Because condition can vary widely in a performance car, a careful pre-purchase inspection matters more than usual. Pay special attention to how the car drives, how it shifts, and whether the overall condition matches the seller’s description.
Is now a good time to buy a used 2023 Ford Mustang?
This looks like a moderate, selective buyer’s market, so you can shop carefully without expecting every listing to be a bargain.
- Deal availability: 34.5% of listings are priced as good or great deals.
- Inventory: There are 2,595 listings available.
- Price trend: Prices are up 6.39% year-over-year.
- Clean inventory: 83.2% of listings are accident-free.
If you find a listing below $28,733, that's toward the low end of the year-round range and worth acting on quickly.
What is the 2023 Ford Mustang's resale value?
The current average of $31,397 sits slightly above last year's $29,510.
That upward move suggests the market still values this model year, which can help support resale strength if you buy carefully and keep the car in good condition. The year-over-year increase also signals that demand has held up well enough to keep prices firm. If you maintain the car properly and avoid examples with accident history or neglected upkeep, you should be in a better position when it comes time to sell.
Vehicles with strong owner satisfaction ratings, like this model year's 5/5, tend to retain buyer demand, which supports resale value over time.
Should I buy a 2023 Ford Mustang or consider a different year?
If you're weighing the 2023 against nearby model years, here's how to think about it:
Choose the 2023 if:
- 34.5% of listings are priced as good or great deals.
- Accident-free inventory is solid at 83.2% — always verify the vehicle history report.
- Price trend: Prices are up 6.39% year-over-year.
- Owners rate it 5/5 — a strong satisfaction signal.
Consider the 2024 if:
- At $38,124, the 2024 costs more than the current year's $31,397 average.
- It brings upgraded interior and technology.
The bottom line:
Choose the 2023 if you want the stronger value proposition and a wider pool of listings to compare. If you’re price-sensitive, the 2023 is the better starting point; if you want newer tech and can stretch your budget, the 2024 is the upgrade path to consider.
How does the 2023 Ford Mustang compare to the 2023 Chevrolet Camaro?
| Spec | 2023 Ford Mustang | 2023 Chevrolet Camaro |
|---|---|---|
| Starting MSRP | $27,770 | $26,400 |
| Engine | 2.3L 310 hp I4 | 2.0L 275 hp I4 |
| Horsepower | 310 hp @ 5500 rpm | 275 hp @ 5600 rpm |
| MPG/MPGe (city) | 21 | 19 |
| MPG/MPGe (highway) | 29 | 28 |
| Average used price | $31,397 | $38,447 |
| Listings available | 2,595 | 1,280 |
| Good & great deal share | 34.5% | 33.4% |
| Accident-free share | 83.2% | 78.7% |
Read our full side-by-side expert comparison here.
These recommendations are based on CarGurus' proprietary market data from November 10, 2026, CarGurus experts' opinions, and generative AI.
*CarGurus meticulously monitors the prices of millions of pre-owned vehicle listings, offering users precise and up-to-date market insights. Historical pricing data excludes any additional dealer fees as of May 3, 2026.
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