Used 2023 Ford Mustang for Sale nearDetroit, MI
Shop with transparent pricing.
Only show listings that include dealer fees- Year:
- 2024
- Make:
- Ford
- Model:
- Mustang
- Body type:
- Coupe
- Doors:
- 2 doors
- Drivetrain:
- Rear-Wheel Drive
- Engine:
- 480 hp 5L V8
- Exterior color:
- Race Red
- Combined gas mileage:
- 20 MPG
- Fuel type:
- Gasoline
- Interior color:
- Black Onyx
- Transmission:
- Automatic
- Mileage:
- 17,411
- Stock #:
- AP26250A
- VIN:
- 1FA6P8CF5R5429516

-$1,066

Sponsored by Serra Buick GMC Cadillac Kia
2024 Ford Mustang
GT Premium Fastback RWD
17,411 mi
$46,308
$45,242
- Year:
- 2024
- Make:
- Ford
- Model:
- Mustang
- Body type:
- Coupe
- Doors:
- 2 doors
- Drivetrain:
- Rear-Wheel Drive
- Engine:
- 315 hp 2.3L I4
- Exterior color:
- Vapor Blue
- Combined gas mileage:
- 27 MPG
- Fuel type:
- Gasoline
- Interior color:
- Black Onyx
- Transmission:
- Automatic
- Mileage:
- 25,466
- Stock #:
- 260925B
- VIN:
- 1FA6P8TH5R5101319

Sponsored Listing
2024 Ford Mustang
EcoBoost Premium Fastback RWD
25,466 mi
$30,075
- Year:
- 2022
- Make:
- Ford
- Model:
- Mustang
- Body type:
- Coupe
- Doors:
- 2 doors
- Drivetrain:
- Rear-Wheel Drive
- Engine:
- 470 hp 5L V8
- Exterior color:
- Mischievous Purple Metallic
- Combined gas mileage:
- 19 MPG
- Fuel type:
- Gasoline
- Interior color:
- Black (Ebony)
- Transmission:
- Automatic
- Mileage:
- 10,437
- Stock #:
- PN5555176
- VIN:
- 1FA6P8R05N5555176

Sponsored Listing
2022 Ford Mustang
Mach 1 Fastback RWD
10,437 mi
$53,275
- Year:
- 2024
- Make:
- Ford
- Model:
- Mustang
- Body type:
- Coupe
- Doors:
- 2 doors
- Drivetrain:
- Rear-Wheel Drive
- Engine:
- 315 hp 2.3L I4
- Exterior color:
- Vapor Blue
- Combined gas mileage:
- 27 MPG
- Fuel type:
- Gasoline
- Interior color:
- Black Onyx
- Transmission:
- Automatic
- Mileage:
- 25,466
- Stock #:
- 260925B
- VIN:
- 1FA6P8TH5R5101319

2024 Ford Mustang
EcoBoost Premium Fastback RWD
25,466 mi
$30,075
- Year:
- 2024
- Make:
- Ford
- Model:
- Mustang
- Body type:
- Coupe
- Doors:
- 2 doors
- Drivetrain:
- Rear-Wheel Drive
- Engine:
- 480 hp 5L V8
- Exterior color:
- Race Red
- Combined gas mileage:
- 20 MPG
- Fuel type:
- Gasoline
- Interior color:
- Black Onyx
- Transmission:
- Automatic
- Mileage:
- 17,411
- Stock #:
- AP26250A
- VIN:
- 1FA6P8CF5R5429516

-$1,066
2024 Ford Mustang
GT Premium Fastback RWD
17,411 mi
$46,308
$45,242
- Year:
- 2024
- Make:
- Ford
- Model:
- Mustang
- Body type:
- Coupe
- Doors:
- 2 doors
- Drivetrain:
- Rear-Wheel Drive
- Engine:
- 500 hp 5L V8
- Exterior color:
- Shadow Black
- Combined gas mileage:
- 18 MPG
- Fuel type:
- Gasoline
- Interior color:
- Black W/Blue Accents
- Transmission:
- 6-Speed Manual
- Mileage:
- 990
- Stock #:
- 261646A
- VIN:
- 1FA6P8R06R5501259
2024 Ford Mustang
Dark Horse Fastback RWD
990 mi
$63,304
- 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:
- 26,528
- Stock #:
- 36821P
- VIN:
- 1FA6P8CF2R5425360

2024 Ford Mustang
GT Fastback RWD
26,528 mi
$39,995
- Year:
- 2024
- Make:
- Ford
- Model:
- Mustang
- Body type:
- Coupe
- Doors:
- 2 doors
- Drivetrain:
- Rear-Wheel Drive
- Engine:
- 315 hp 2.3L I4
- Exterior color:
- Race Red
- Combined gas mileage:
- 27 MPG
- Fuel type:
- Gasoline
- Interior color:
- Black Onyx
- Transmission:
- Automatic
- Mileage:
- 17,409
- Stock #:
- 22577T
- VIN:
- 1FA6P8TH3R5126736
2024 Ford Mustang
EcoBoost Fastback RWD
17,409 mi
$28,130
- Year:
- 2024
- Make:
- Ford
- Model:
- Mustang
- Body type:
- Coupe
- Doors:
- 2 doors
- Drivetrain:
- Rear-Wheel Drive
- Engine:
- 500 hp 5L V8
- Exterior color:
- Blue
- Combined gas mileage:
- 18 MPG
- Fuel type:
- Gasoline
- Interior color:
- Black W/Blue Accents
- Transmission:
- 6-Speed Manual
- Mileage:
- 7,462
- Stock #:
- OP34691
- VIN:
- 1FA6P8R03R5499809

2024 Ford Mustang
Dark Horse Fastback RWD
7,462 mi
$58,314
- 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:
- 6,178
- Stock #:
- C5601
- VIN:
- 1FA6P8CF3R5425691

2024 Ford Mustang
GT Premium Fastback RWD
6,178 mi
$50,472
- Year:
- 2023
- Make:
- Ford
- Model:
- Mustang
- Body type:
- Coupe
- Doors:
- 2 doors
- Drivetrain:
- Rear-Wheel Drive
- Engine:
- 450 hp 5L V8
- Exterior color:
- White
- Fuel type:
- Gasoline
- Interior color:
- Black (Ebony)
- Transmission:
- 6-Speed Automatic
- Mileage:
- 61,485
- Stock #:
- 300512
- VIN:
- 1FA6P8CF3P5300512

-$1,460
2023 Ford Mustang
GT Premium Fastback RWD
61,485 mi
$36,007
$34,547
- Year:
- 2024
- Make:
- Ford
- Model:
- Mustang
- Body type:
- Convertible
- Doors:
- 2 doors
- Drivetrain:
- Rear-Wheel Drive
- Engine:
- 315 hp 2.3L I4
- Exterior color:
- Blue Metallic
- Combined gas mileage:
- 27 MPG
- Fuel type:
- Gasoline
- Interior color:
- Emberglo
- Transmission:
- Automatic
- Mileage:
- 61,251
- Stock #:
- JU18867
- VIN:
- 1FAGP8UH3R5133785

2024 Ford Mustang
EcoBoost Premium Convertible RWD
61,251 mi
$26,520
- Year:
- 2022
- Make:
- Ford
- Model:
- Mustang
- Body type:
- Convertible
- Doors:
- 2 doors
- Drivetrain:
- Rear-Wheel Drive
- Engine:
- 310 hp 2.3L I4
- Exterior color:
- Shadow Black
- Combined gas mileage:
- 24 MPG
- Fuel type:
- Gasoline
- Interior color:
- Black (Ebony)
- Transmission:
- Automatic
- Mileage:
- 60,250
- Stock #:
- 23763A
- VIN:
- 1FATP8UH1N5115634

-$625
2022 Ford Mustang
EcoBoost Premium Convertible RWD
60,250 mi
$22,503
$21,878
CarGurus Analysis:
2023 Ford Mustang
With 270 currently listed for sale near Detroit, MI and an average price of $24,899.00, 16.7% of 2023 Ford Mustangs for sale on CarGurus are rated as good or great deals.
Favorably reviewed: Owners rated the 2023 Ford Mustang 5 / 5 stars.
87.4% of 2023 Mustang models on CarGurus are accident free.
- Year:
- 2024
- Make:
- Ford
- Model:
- Mustang
- Body type:
- Coupe
- Doors:
- 2 doors
- Drivetrain:
- Rear-Wheel Drive
- Engine:
- 480 hp 5L V8
- Exterior color:
- Carbonized Gray Metallic
- Combined gas mileage:
- 19 MPG
- Fuel type:
- Gasoline
- Interior color:
- Black Onyx
- Transmission:
- 6-Speed Manual
- Mileage:
- 7,168
- Stock #:
- PC26357
- VIN:
- 1FA6P8CF0R5405950

2024 Ford Mustang
GT Premium Fastback RWD
7,168 mi
$50,534
- Year:
- 2022
- Make:
- Ford
- Model:
- Mustang
- Body type:
- Coupe
- Doors:
- 2 doors
- Drivetrain:
- Rear-Wheel Drive
- Exterior color:
- Oxford White (yz)
- Interior color:
- Black (Ebony (s1))
- Transmission:
- Automatic
- Mileage:
- 81,389
- Stock #:
- 17274
- VIN:
- 1FA6P8TH1N5114417

2022 Ford Mustang
EcoBoost Premium Fastback RWD
81,389 mi
$23,753
- Year:
- 2024
- Make:
- Ford
- Model:
- Mustang
- Body type:
- Coupe
- Doors:
- 2 doors
- Drivetrain:
- Rear-Wheel Drive
- Engine:
- 480 hp 5L V8
- Exterior color:
- Shadow Black
- Combined gas mileage:
- 19 MPG
- Fuel type:
- Gasoline
- Interior color:
- Black Onyx
- Transmission:
- 6-Speed Manual
- Mileage:
- 6,961
- Stock #:
- 35913
- VIN:
- 1FA6P8CF7R5403046

2024 Ford Mustang
GT Premium Fastback RWD
6,961 mi
$49,387
- Year:
- 2024
- Make:
- Ford
- Model:
- Mustang
- Body type:
- Coupe
- Doors:
- 2 doors
- Drivetrain:
- Rear-Wheel Drive
- Engine:
- 315 hp 2.3L I4
- Exterior color:
- Carbonized Gray Metallic
- Combined gas mileage:
- 27 MPG
- Fuel type:
- Gasoline
- Interior color:
- Black Onyx
- Transmission:
- Automatic
- Mileage:
- 59,244
- Stock #:
- R5106838T
- VIN:
- 1FA6P8THXR5106838

2024 Ford Mustang
EcoBoost Fastback RWD
59,244 mi
$25,311
- Year:
- 2022
- Make:
- Ford
- Model:
- Mustang
- Body type:
- Convertible
- Doors:
- 2 doors
- Drivetrain:
- Rear-Wheel Drive
- Engine:
- 310 hp 2.3L I4
- Exterior color:
- Silver
- Combined gas mileage:
- 24 MPG
- Fuel type:
- Gasoline
- Interior color:
- Black
- Transmission:
- Automatic
- Mileage:
- 63,632
- Stock #:
- PC5379
- VIN:
- 1FATP8UH0N5120162

2022 Ford Mustang
EcoBoost Premium Convertible RWD
63,632 mi
$18,767
- Year:
- 2024
- Make:
- Ford
- Model:
- Mustang
- Body type:
- Coupe
- Doors:
- 2 doors
- Drivetrain:
- Rear-Wheel Drive
- Engine:
- 480 hp 5L V8
- Exterior color:
- Gray
- Combined gas mileage:
- 20 MPG
- Fuel type:
- Gasoline
- Interior color:
- Gray
- Transmission:
- Automatic
- Mileage:
- 14,242
- Stock #:
- 5114
- VIN:
- 1FA6P8CF8R5408028

2024 Ford Mustang
GT Fastback RWD
14,242 mi
$44,374
- Year:
- 2023
- Make:
- Ford
- Model:
- Mustang
- Body type:
- Coupe
- Doors:
- 2 doors
- Drivetrain:
- Rear-Wheel Drive
- Engine:
- 450 hp 5L V8
- Exterior color:
- Gray Metallic
- Combined gas mileage:
- 19 MPG
- Fuel type:
- Gasoline
- Interior color:
- Black (Ebony W/Red Stitch)
- Transmission:
- Automatic
- Mileage:
- 39,656
- Stock #:
- F307088
- VIN:
- 1FA6P8CF7P5307088

2023 Ford Mustang
GT Premium Fastback RWD
39,656 mi
$42,432
- Year:
- 2024
- Make:
- Ford
- Model:
- Mustang
- Body type:
- Convertible
- Doors:
- 2 doors
- Drivetrain:
- Rear-Wheel Drive
- Engine:
- 315 hp 2.3L I4
- Exterior color:
- Atlas Blue Metallic
- Combined gas mileage:
- 27 MPG
- Fuel type:
- Gasoline
- Interior color:
- Black Onyx
- Transmission:
- 10-Speed Automatic
- Mileage:
- 31,719
- Stock #:
- P36399
- VIN:
- 1FAGP8UHXR5132522

2024 Ford Mustang
EcoBoost Premium Convertible RWD
31,719 mi
$29,314
- Year:
- 2024
- Make:
- Ford
- Model:
- Mustang
- Body type:
- Convertible
- Doors:
- 2 doors
- Drivetrain:
- Rear-Wheel Drive
- Engine:
- 315 hp 2.3L I4
- Exterior color:
- Gray Metallic
- Combined gas mileage:
- 27 MPG
- Fuel type:
- Gasoline
- Interior color:
- Space Gray
- Transmission:
- Automatic
- Mileage:
- 52,973
- Stock #:
- UF0925
- VIN:
- 1FAGP8UH4R5125663

-$1,397
2024 Ford Mustang
EcoBoost Premium Convertible RWD
52,973 mi
$28,870
$27,472
- Year:
- 2024
- Make:
- Ford
- Model:
- Mustang
- Body type:
- Coupe
- Doors:
- 2 doors
- Drivetrain:
- Rear-Wheel Drive
- Engine:
- 500 hp 5L V8
- Exterior color:
- Blue
- Combined gas mileage:
- 18 MPG
- Fuel type:
- Gasoline
- Interior color:
- Black W/Blue Accents
- Transmission:
- 6-Speed Manual
- Mileage:
- 7,462
- Stock #:
- OP34691
- VIN:
- 1FA6P8R03R5499809

Sponsored Listing
2024 Ford Mustang
Dark Horse Fastback RWD
7,462 mi
$58,314
CarGurus Analysis: 2023 Ford Mustang

Summary
With 270 currently listed for sale near Detroit, MI and an average price of $24,899.00, 16.7% of 2023 Ford Mustangs for sale on CarGurus are rated as good or great deals.
Favorably reviewed: Owners rated the 2023 Ford Mustang 5 / 5 stars.
87.4% of 2023 Mustang models 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 a new electric system for the convertible top. 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. A new independent rear suspension system was another key part of that ground-up redesign, helping define this generation’s more modern driving character.
For 2023, the Mustang’s appeal comes from its broad range of powertrains and transmissions. Ford’s EcoBoost turbocharged 2.3-liter inline four-cylinder engine powers base Mustangs in this generation, 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, exclusive to the Shelby GT350 and the GT500. Transmission choices, depending on engine, include two six-speed manuals, six- and 10-speed automatics, and a seven-speed dual-clutch automatic. That variety helps the Mustang cover a wide spread of buyers, from those who want an accessible sports car to those looking for more serious performance.
There are tradeoffs, though. Models with the EcoBoost engine are known for problems with oil consumption and potential head gasket failure, and the transmission may be prone to slippage. For shoppers considering a used 2023 Mustang, that means condition and maintenance history matter a lot. Even so, the car’s combination of iconic styling, rear-wheel-drive layout, and wide performance range keeps it appealing, and owner feedback reinforces that mix of performance, looks, and value.
Other model years to consider
- Average price: $29,240.00
- Good/great deal percentage: 16.9%
- User rating: 4.73 / 5
- Total listings: 261
- Average price: $39,725.00
- Good/great deal percentage: 17.0%
- User rating: 5 / 5
- Total listings: 259
- Average price: $35,237.00
- Good/great deal percentage: 18.3%
- User rating: 4.71 / 5
- Total listings: 241
This analysis is based on CarGurus' proprietary market data from September 1, 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 Detroit, MI
The Mustang lineup offers a range of trims from budget-friendly options to high-performance models, all featuring RWD and impressive fuel efficiency.
- Starting at $48,900
- Best MPG/MPGe: 21 city / 29 hwy
- Most Popular: EcoBoost Premium Convertible RWD
Trim Overview
Prices updated weekly from CarGurus listings.
| EcoBoost Fastback RWD | EcoBoost Premium Fastback RWD | EcoBoost Convertible RWD | EcoBoost Premium Convertible RWD (Most Popular) | GT Fastback RWD | GT Premium Fastback RWD | GT Premium Convertible RWD | Mach 1 Fastback RWD | |
|---|---|---|---|---|---|---|---|---|
| Starting MSRP | $27,770 | $32,795 | $33,270 | $38,295 | $38,345 | $43,365 | $48,865 | $55,570 |
| Avg. Market Price | $48,900 | $48,900 | $48,900 | $48,900 | $48,900 | $48,900 | $48,900 | $48,900 |
| Positioning | Best value | Standard | Standard | Standard | Standard | Standard | Standard | Fully loaded |
| Standout Features | Bluetooth, Backup Camera, Heated Seats | Blind Spot Monitoring, Navigation System, Adaptive Cruise Control | Backup Camera, Bluetooth, Heated Seats | Leather Seats, Remote Start, Multi Zone Climate Control | Backup Camera, Bluetooth, Navigation System | Heated Seats, Leather Seats, Navigation System | Heated Seats, Bluetooth, Adaptive Cruise Control | Leather Seats, Adaptive Suspension, Navigation System |
| Drivetrain | RWD | RWD | RWD | RWD | RWD | RWD | RWD | RWD |
| Listings Available | 32 | 28 | 20 | 131 | 47 | 103 | 92 | 13 |
Quick Compare Table
Listing prices sourced from CarGurus — updated weekly. OEM specs from manufacturer data.
| EcoBoost Fastback RWD | EcoBoost Premium Fastback RWD | EcoBoost Convertible RWD | EcoBoost Premium Convertible RWD | GT Fastback RWD | GT Premium Fastback RWD | GT Premium Convertible RWD | Mach 1 Fastback RWD | |
|---|---|---|---|---|---|---|---|---|
| AI Summary | Best value for budget-conscious shoppers | Offers more features for a slight premium | Stylish convertible option for sunny days | Most popular choice with great features | Powerful V8 for performance enthusiasts | Luxury features with V8 power | Convertible luxury with V8 performance | High-performance trim for serious drivers |
| Avg. Market Price | $48,900 | $48,900 | $48,900 | $48,900 | $48,900 | $48,900 | $48,900 | $48,900 |
| MSRP | $27,770 | $32,795 | $33,270 | $38,295 | $38,345 | $43,365 | $48,865 | $55,570 |
| Engine | 2.3L 310 hp I4 | 2.3L 310 hp I4 | 2.3L 310 hp I4 | 2.3L 310 hp I4 | 5.0L 450 hp V8 | 5.0L 450 hp V8 | 5.0L 450 hp V8 | 5.0L 470 hp V8 |
| Drivetrain | RWD | RWD | RWD | RWD | RWD | RWD | RWD | RWD |
| MPG/MPGe (City/Hwy) | 21/29 | 21/29 | 20/27 | 20/27 | 15/24 | 15/24 | 15/24 | 14/22 |
| Bluetooth | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ |
| Backup Camera | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ |
| Blind Spot Monitoring | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ |
| Parking Sensors | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | — |
| Android Auto | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ |
| CarPlay | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ |
| Heated Seats | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | — |
| Remote Start | ✓ | ✓ | ✓ | ✓ | ✓ | — | — | — |
| Multi Zone Climate Control | ✓ | ✓ | — | ✓ | — | — | ✓ | ✓ |
| Navigation System | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ |
| Adaptive Cruise Control | — | ✓ | ✓ | — | — | — | ✓ | — |
| Leather Seats | — | — | — | ✓ | — | ✓ | ✓ | ✓ |
| Adaptive Suspension | — | — | — | — | — | — | — | ✓ |
| Active Listings | 32 | 28 | 20 | 131 | 47 | 103 | 92 | 13 |
Missing data displayed as "—".
Trim Deep Dives
EcoBoost Fastback RWD — "Who It's For"
The EcoBoost Fastback is the pick for shoppers who want a sporty Mustang without the higher price of premium trims.
- Avg. market price: $48,900 (updated weekly)
- MPG/MPGe: 21 city / 29 hwy
- Inventory: 32 listings
- View EcoBoost Fastback RWD listings
EcoBoost Premium Fastback RWD — "Who It's For"
The EcoBoost Premium Fastback is ideal for those seeking additional features and comfort without a significant price jump.
- Avg. market price: $48,900 (updated weekly)
- MPG/MPGe: 21 city / 29 hwy
- Inventory: 28 listings
- View EcoBoost Premium Fastback RWD listings
EcoBoost Convertible RWD — "Who It's For"
The EcoBoost Convertible is perfect for buyers who want the thrill of open-air driving with a stylish design.
- Avg. market price: $48,900 (updated weekly)
- MPG/MPGe: 20 city / 27 hwy
- Inventory: 20 listings
- View EcoBoost Convertible RWD listings
EcoBoost Premium Convertible RWD — "Who It's For"
The EcoBoost Premium Convertible is for those who desire luxury features in a convertible format, making it the most popular choice.
- Avg. market price: $48,900 (updated weekly)
- MPG/MPGe: 20 city / 27 hwy
- Inventory: 131 listings — widest selection in the lineup
- View EcoBoost Premium Convertible RWD listings
GT Fastback RWD — "Who It's For"
The GT Fastback is the choice for performance enthusiasts who want a powerful V8 without the premium price of higher trims.
- Avg. market price: $48,900 (updated weekly)
- MPG/MPGe: 15 city / 24 hwy
- Inventory: 47 listings
- View GT Fastback RWD listings
GT Premium Fastback RWD — "Who It's For"
The GT Premium Fastback is for buyers seeking a blend of luxury and performance, featuring a powerful V8 engine.
- Avg. market price: $48,900 (updated weekly)
- MPG/MPGe: 15 city / 24 hwy
- Inventory: 103 listings — widest selection in the lineup
- View GT Premium Fastback RWD listings
GT Premium Convertible RWD — "Who It's For"
The GT Premium Convertible is for those who want a luxurious driving experience with the thrill of a convertible and V8 power.
- Avg. market price: $48,900 (updated weekly)
- MPG/MPGe: 15 city / 24 hwy
- Inventory: 92 listings
- View GT Premium Convertible RWD listings
Mach 1 Fastback RWD — "Who It's For"
The Mach 1 Fastback is for serious drivers who want a fully loaded performance vehicle with advanced features.
- Avg. market price: $48,900 (updated weekly)
- MPG/MPGe: 14 city / 22 hwy
- Inventory: 13 listings — lower availability; may limit negotiating room
- View Mach 1 Fastback RWD listings
Trim Recommendations
Most Popular — EcoBoost Premium Convertible RWD
With 131 active listings, the EcoBoost Premium Convertible RWD is the clear volume leader in the lineup.
Browse EcoBoost Premium Convertible RWD listings
Best Budget Option — EcoBoost Fastback RWD
At $48,900 avg market price — below the lineup median of $48,900 — it's the most accessible entry point.
Browse EcoBoost Fastback RWD listings
Best for Fuel Economy — EcoBoost Fastback RWD
With an impressive 21/29 MPG, the EcoBoost Fastback RWD is the most fuel-efficient option in the lineup.
Browse EcoBoost Fastback RWD listings
These recommendations are based on CarGurus' proprietary market data from September 2, 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: Detroit, MI Market Report
Pricing by Nearby Locations
Market Area: Detroit, MI
Key Insights
- Highest Prices in Lake Orion and Toledo: Both cities command the highest average prices at $48,900, indicating a premium market likely driven by demand for performance vehicles.
- Lowest Price in Cleveland: With an average price of $23,988, Cleveland offers the most affordable options, suggesting a more price-sensitive market or higher inventory turnover.
- Inventory Levels Impact Pricing: Cities like Lansing (247 listings) and Jackson (256 listings) show average prices around $39,970 and $44,435, respectively, indicating that higher inventory may stabilize prices.
City-Level Pricing
| City | Total Listings | Avg Price |
|---|---|---|
| Lake Orion, MI | 259 | $48,900 |
| Toledo, OH | 271 | $48,900 |
| Ann Arbor, MI | 265 | $44,435 |
| Howell, MI | 265 | $44,435 |
| Jackson, MI | 256 | $44,435 |
| Lansing, MI | 247 | $39,970 |
| Cleveland, OH | 275 | $23,988 |
Pricing Analysis by Model Year
Key Insights
- New Models at a Premium: The 2025 Ford Mustang is priced at $40,173, which is approximately 25.5% above its MSRP, indicating strong demand for the latest model.
- Significant Depreciation for Older Models: The 2017 Ford Mustang shows a price drop of -21.5% compared to its original MSRP, reflecting typical depreciation trends for vehicles over time.
- Best Value in Recent Years: The 2022 model is priced at $31,422, only 14.0% below MSRP, making it a compelling option for buyers seeking a balance of price and modern features.
Model Year Pricing
| Model Year | Original MSRP | Avg Price | Price vs MSRP |
|---|---|---|---|
| 2025 Ford Mustang | $31,920 | $40,173 | +25.5% |
| 2024 Ford Mustang | $30,920 | $45,161 | +46.2% |
| 2022 Ford Mustang | $27,470 | $31,422 | -14.0% |
| 2021 Ford Mustang | $27,205 | $35,236 | +29.7% |
| 2020 Ford Mustang | $26,670 | $29,137 | +9.3% |
| 2019 Ford Mustang | $26,395 | $33,819 | +28.2% |
| 2018 Ford Mustang | $25,680 | $23,237 | -9.5% |
| 2017 Ford Mustang | $25,185 | $19,737 | -21.5% |
| 2016 Ford Mustang | $24,145 | $21,028 | -12.9% |
| 2015 Ford Mustang | $23,800 | $28,261 | +18.7% |
| 2014 Ford Mustang | $22,510 | $20,744 | -7.8% |
These recommendations are based on CarGurus' proprietary market data from September 3, 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 | $32,802 |
| Year-Round Low | $28,727.76 |
| Year-Round High | $33,725.72 |
| Average Price a Year Ago | $30,567 |
| Change vs. Last Year | +7.31% |
Prices are up 7.31% year-over-year — a sign of continued demand for this model year.
There are 3,048 listings available, which suggests a healthy amount of inventory for shoppers to compare.
If you find a listing below $28,727.76, that's toward the low end of the year-round range and worth acting on quickly.
Is the 2023 Ford Mustang a good car?
Yes — owners rate it 5/5, which points to very strong satisfaction with this model year.
Owners consistently praise the performance, the driving experience, and the styling, and many also call out the sound system and convertible feature as standout positives. The overview also shows why it fits a wide range of buyers: you get a sports car with rear-wheel-drive character and multiple powertrain choices, so you can shop for something more accessible or more performance-focused. With 32.9% of listings priced as good or great deals, you also have a decent chance to find value if you shop carefully.
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 people feel good about living with, especially when it comes to performance and overall enjoyment. That said, the model-year overview also highlights maintenance-sensitive areas, so reliability depends heavily on how well the previous owner cared for it. For used buyers, the main long-term ownership risk is ending up with a car that has been driven hard or poorly maintained.
What should I look for when buying a used 2023 Ford Mustang?
Accident-free inventory is solid at 87.8% — always verify the vehicle history report.
You should prioritize a history report first, then focus on a pre-purchase inspection that checks for signs of hard use, deferred maintenance, or prior damage. Pay close attention to overall condition, because this model year’s appeal depends heavily on how it was driven and maintained. A clean-looking car is not enough; you want proof that the mechanical and cosmetic condition matches the asking price.
Is now a good time to buy a used 2023 Ford Mustang?
This is a moderate market, so you can buy now if the right car shows up, but selective shoppers still have room to wait for a better deal.
- Deal availability: 32.9% of listings are priced as good or great deals.
- Inventory: There are 3,048 listings available.
- Price trend: Prices are up 7.31% year-over-year.
- Clean inventory: 87.8% of listings are accident-free.
If you find a listing below $28,727.76, 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 $32,802 sits slightly above last year's $30,567.
That upward move suggests the market is still willing to pay for this model year, which can help support resale value if you buy well and keep the car in strong condition. The price trend also shows that demand has remained steady enough to push values higher rather than soften. For a future seller, that means a clean, well-documented Mustang should remain easier to move than a neglected one.
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:
- 32.9% of listings are priced as good or great deals.
- Accident-free inventory is solid at 87.8% — always verify the vehicle history report.
- Price trend: Prices are up 7.31% year-over-year.
- Owners rate it 5/5 — a strong satisfaction signal.
Consider the 2024 if:
- At $37,760, the 2024 costs more than the current year's $32,802 average.
- It adds a more modern interior and upgraded technology.
The bottom line: You should start with the 2023 if you want strong owner satisfaction, solid inventory, and a lower average price. If you care more about newer tech and are willing to pay more, the 2024 is the better upgrade path. For price-sensitive buyers, the 2023 is the smarter first stop because it keeps the Mustang formula intact while leaving more room in your budget.
These recommendations are based on CarGurus' proprietary market data from September 4, 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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