Used 2023 Ford Mustang for Sale nearIndianapolis, IN
Shop with transparent pricing.
Only show listings that include dealer fees- Year:
- 2024
- Make:
- Ford
- Model:
- Mustang
- Body type:
- Convertible
- Doors:
- 2 doors
- Drivetrain:
- Rear-Wheel Drive
- Engine:
- 315 hp 2.3L I4
- Exterior color:
- Shadow Black
- Combined gas mileage:
- 27 MPG
- Fuel type:
- Gasoline
- Interior color:
- Black Onyx
- Transmission:
- Automatic
- Mileage:
- 36,141
- Stock #:
- STK132985
- VIN:
- 1FAGP8UH6R5132985
Sponsored by Unlimited Motors 3
2024 Ford Mustang
EcoBoost Premium Convertible RWD
36,141 mi
$27,990
- 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:
- Black
- Transmission:
- Automatic
- Mileage:
- 19,699
- Stock #:
- KCNTR5422869
- VIN:
- 1FA6P8CF3R5422869
Sponsored Listing
2024 Ford Mustang
GT Premium Fastback RWD
19,699 mi
$46,675
- Year:
- 2024
- Make:
- Ford
- Model:
- Mustang
- Body type:
- Coupe
- Doors:
- 2 doors
- Drivetrain:
- Rear-Wheel Drive
- Engine:
- 480 hp 5L V8
- Exterior color:
- Gray Metallic
- Combined gas mileage:
- 20 MPG
- Fuel type:
- Gasoline
- Interior color:
- Black Onyx
- Transmission:
- Automatic
- Mileage:
- 14,689
- Stock #:
- 8528A
- VIN:
- 1FA6P8CF1R5425155
Sponsored Listing
2024 Ford Mustang
GT Premium Fastback RWD
14,689 mi
$43,911
- 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:
- 33,171
- Stock #:
- 418188
- VIN:
- 1FA6P8CF3R5418188
2024 Ford Mustang
GT Premium Fastback RWD
33,171 mi
$41,143
- 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:
- 23,545
- Stock #:
- R8666
- VIN:
- 1FA6P8CFXR5420729
-$1,000
2024 Ford Mustang
GT Premium Fastback RWD
23,545 mi
$40,774
$39,774
- Year:
- 2024
- Make:
- Ford
- Model:
- Mustang
- Body type:
- Coupe
- Doors:
- 2 doors
- Drivetrain:
- Rear-Wheel Drive
- Engine:
- 480 hp 5L V8
- Exterior color:
- Vapor Blue
- Combined gas mileage:
- 20 MPG
- Fuel type:
- Gasoline
- Interior color:
- Black Onyx
- Transmission:
- Automatic
- Mileage:
- 23,340
- Stock #:
- TC412193
- VIN:
- 1FA6P8CFXR5412193
2024 Ford Mustang
GT Premium Fastback RWD
23,340 mi
$42,700
- Year:
- 2024
- Make:
- Ford
- Model:
- Mustang
- Body type:
- Coupe
- Doors:
- 2 doors
- Drivetrain:
- Rear-Wheel Drive
- Engine:
- 480 hp 5L V8
- Exterior color:
- Gray Metallic
- Combined gas mileage:
- 19 MPG
- Fuel type:
- Gasoline
- Interior color:
- Black Onyx
- Transmission:
- 6-Speed Manual
- Mileage:
- 24,161
- Stock #:
- STK406657
- VIN:
- 1FA6P8CF7R5406657
-$1,005
2024 Ford Mustang
GT Fastback RWD
24,161 mi
$41,056
$40,051
- 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:
- 25 MPG
- Fuel type:
- Gasoline
- Interior color:
- Black (Ebony)
- Transmission:
- 6-Speed Manual
- Mileage:
- 62,256
- Stock #:
- TZ483825B
- VIN:
- 1FA6P8TH7N5106399
-$1,000
2022 Ford Mustang
EcoBoost Fastback RWD
62,256 mi
$22,114
$21,114
- Year:
- 2024
- Make:
- Ford
- Model:
- Mustang
- Body type:
- Coupe
- Doors:
- 2 doors
- Drivetrain:
- Rear-Wheel Drive
- Engine:
- 315 hp 2.3L I4
- Exterior color:
- Gray
- Combined gas mileage:
- 27 MPG
- Fuel type:
- Gasoline
- Interior color:
- Black
- Transmission:
- Automatic
- Mileage:
- 17,674
- Stock #:
- PM31169
- VIN:
- 1FA6P8TH7R5130532
2024 Ford Mustang
EcoBoost Fastback RWD
17,674 mi
$28,805
- Year:
- 2024
- Make:
- Ford
- Model:
- Mustang
- Body type:
- Convertible
- 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:
- Baja
- Transmission:
- Automatic
- Mileage:
- 55,004
- Stock #:
- CU7776
- VIN:
- 1FAGP8UH0R5139835
2024 Ford Mustang
EcoBoost Premium Convertible RWD
55,004 mi
$26,371
- Year:
- 2024
- Make:
- Ford
- Model:
- Mustang
- Body type:
- Coupe
- Doors:
- 2 doors
- Drivetrain:
- Rear-Wheel Drive
- Engine:
- 480 hp 5L V8
- Exterior color:
- Gray Metallic
- Combined gas mileage:
- 20 MPG
- Fuel type:
- Gasoline
- Interior color:
- Black Onyx
- Transmission:
- Automatic
- Mileage:
- 14,689
- Stock #:
- 8528A
- VIN:
- 1FA6P8CF1R5425155
2024 Ford Mustang
GT Premium Fastback RWD
14,689 mi
$43,911
- Year:
- 2022
- Make:
- Ford
- Model:
- Mustang
- Body type:
- Coupe
- Doors:
- 2 doors
- Drivetrain:
- Rear-Wheel Drive
- Engine:
- 310 hp 2.3L I4
- Exterior color:
- Shadow Black
- Combined gas mileage:
- 26 MPG
- Fuel type:
- Gasoline
- Interior color:
- Black (Ebony W/Metal Gray Stitch)
- Transmission:
- Automatic
- Mileage:
- 57,821
- Stock #:
- P2562M
- VIN:
- 1FA6P8TH4N5114329
2022 Ford Mustang
EcoBoost Premium Fastback RWD
57,821 mi
$24,863
- 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:
- 20 MPG
- Fuel type:
- Gasoline
- Interior color:
- Black Onyx
- Transmission:
- Automatic
- Mileage:
- 31,375
- Stock #:
- P14052A
- VIN:
- 1FA6P8CF0R5435689
2024 Ford Mustang
GT Premium Fastback RWD
31,375 mi
$43,637
CarGurus Analysis:
2023 Ford Mustang
With 304 currently listed for sale and an average price of $29,751, 30.3% 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.
100.0% of 2023 Ford Mustang listings on CarGurus are accident free.
- Year:
- 2022
- Make:
- Ford
- Model:
- Mustang
- Body type:
- Coupe
- Doors:
- 2 doors
- Drivetrain:
- Rear-Wheel Drive
- Engine:
- 470 hp 5L V8
- Exterior color:
- Gray
- Combined gas mileage:
- 19 MPG
- Fuel type:
- Gasoline
- Interior color:
- Black (Ebony/Orange)
- Transmission:
- Automatic
- Mileage:
- 13,027
- Stock #:
- FII550859
- VIN:
- 1FA6P8R08N5550859
2022 Ford Mustang
Mach 1 Fastback RWD
13,027 mi
$54,259
- 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
$41,694
- 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
2023 Ford Mustang
GT Premium Fastback RWD
61,485 mi
$34,301
- Year:
- 2024
- Make:
- Ford
- Model:
- Mustang
- Body type:
- Coupe
- Doors:
- 2 doors
- Drivetrain:
- Rear-Wheel Drive
- Engine:
- 480 hp 5L V8
- Exterior color:
- Red Metallic
- Combined gas mileage:
- 20 MPG
- Fuel type:
- Gasoline
- Interior color:
- Black Onyx
- Transmission:
- Automatic
- Mileage:
- 12,330
- Stock #:
- P1838
- VIN:
- 1FA6P8CF3R5400970
-$1,603
2024 Ford Mustang
GT Premium Fastback RWD
12,330 mi
$44,971
$43,368
- Year:
- 2024
- Make:
- Ford
- Model:
- Mustang
- Body type:
- Coupe
- Doors:
- 2 doors
- Drivetrain:
- Rear-Wheel Drive
- Engine:
- 480 hp 5L V8
- Exterior color:
- Vapor Blue
- Combined gas mileage:
- 20 MPG
- Fuel type:
- Gasoline
- Interior color:
- Carmine Red
- Transmission:
- Automatic
- Mileage:
- 17,311
- Stock #:
- CV2983B
- VIN:
- 1FA6P8CF6R5402907
2024 Ford Mustang
GT Premium Fastback RWD
17,311 mi
$46,489
- Year:
- 2024
- Make:
- Ford
- Model:
- Mustang
- Body type:
- Convertible
- Doors:
- 2 doors
- Drivetrain:
- Rear-Wheel Drive
- Engine:
- 315 hp 2.3L I4
- Exterior color:
- Shadow Black
- Combined gas mileage:
- 27 MPG
- Fuel type:
- Gasoline
- Interior color:
- Black Onyx
- Transmission:
- Automatic
- Mileage:
- 50,826
- Stock #:
- A12657
- VIN:
- 1FAGP8UH0R5127295
2024 Ford Mustang
EcoBoost Premium Convertible RWD
50,826 mi
$25,163
- 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:
- Emberglo
- Transmission:
- 6-Speed Manual
- Mileage:
- 15,672
- Stock #:
- KW1377A
- VIN:
- 1FA6P8CF7R5399581
2024 Ford Mustang
GT Premium Fastback RWD
15,672 mi
$48,548
- Year:
- 2022
- Make:
- Ford
- Model:
- Mustang
- Body type:
- Convertible
- Doors:
- 2 doors
- Drivetrain:
- Rear-Wheel Drive
- Engine:
- 310 hp 2.3L I4
- Exterior color:
- Race Red
- Combined gas mileage:
- 24 MPG
- Fuel type:
- Gasoline
- Interior color:
- Black (Ebony)
- Transmission:
- Automatic
- Mileage:
- 8,473
- Stock #:
- PC26429
- VIN:
- 1FATP8UH5N5105592
2022 Ford Mustang
EcoBoost Premium Convertible RWD
8,473 mi
$27,009
- Year:
- 2023
- Make:
- Ford
- Model:
- Mustang
- Body type:
- Coupe
- Doors:
- 2 doors
- Drivetrain:
- Rear-Wheel Drive
- Engine:
- 310 hp 2.3L I4
- Exterior color:
- Gray
- Combined gas mileage:
- 27 MPG
- Fuel type:
- Gasoline
- Interior color:
- Black
- Transmission:
- Automatic
- Mileage:
- 38,736
- Stock #:
- KCNTP5101188
- VIN:
- 1FA6P8TH9P5101188
-$590
2023 Ford Mustang
EcoBoost Premium Fastback RWD
38,736 mi
$26,225
$25,635
- Year:
- 2023
- Make:
- Ford
- Model:
- Mustang
- Body type:
- Coupe
- Doors:
- 2 doors
- Drivetrain:
- Rear-Wheel Drive
- Engine:
- 310 hp 2.3L I4
- Exterior color:
- Gray
- Combined gas mileage:
- 27 MPG
- Fuel type:
- Gasoline
- Interior color:
- Black
- Transmission:
- Automatic
- Mileage:
- 38,736
- Stock #:
- KCNTP5101188
- VIN:
- 1FA6P8TH9P5101188
-$590
Sponsored Listing
2023 Ford Mustang
EcoBoost Premium Fastback RWD
38,736 mi
$26,225
$25,635
CarGurus Analysis: 2023 Ford Mustang
Summary
With 304 currently listed for sale and an average price of $29,751, 30.3% 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.
100.0% 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 version that was revealed in late 2013 and began production in the summer of 2014 for the 2015 model year. That generation kept the Mustang’s familiar coupe and soft-top convertible body styles, its rear-wheel-drive layout, and its global-market ambitions, while also introducing Ford’s EcoBoost engine lineup and an independent rear suspension as part of the redesign. For shoppers, that combination makes the 2023 Mustang appealing as a modern take on an iconic nameplate: it still delivers the classic Mustang formula, but with a broader range of engines and transmissions than earlier versions.
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, depending on engine, included two six-speed manuals, six- and 10-speed automatics, and a seven-speed dual-clutch automatic. That breadth is one of the car’s biggest strengths, but buyers should also be aware that EcoBoost models are known for oil consumption and potential head gasket failure, and the transmission may be prone to slippage. Used shoppers should also keep in mind that the average listing price for a 2023 Mustang is about $32,300, and that owners commonly praise its performance, styling, and value, while some note a lack of luxury features.
Other model years to consider
- 2020 Ford Mustang
- Average price: $26,377
- Good/great deal percentage: 37.4%
- User rating: 4.73 / 5
- Total listings: 310
- 2021 Ford Mustang
- Average price: $25,899
- Good/great deal percentage: 31.9%
- User rating: 4.71 / 5
- Total listings: 282
- 2025 Ford Mustang
- Average price: $40,943
- Good/great deal percentage: 36.4%
- User rating: 5 / 5
- Total listings: 280
Similar models to consider
- 2023 Chevrolet Camaro
- Average price: $38,980
- Good/great deal percentage: 29.7%
- User rating: 4.91 / 5
- Total listings: 165
- 2023 Dodge Challenger
- Average price: $60,286
- Good/great deal percentage: 34.4%
- User rating: 4.8 / 5
- Total listings: 279
- 2023 Toyota GR86
- Average price: $27,491
- Good/great deal percentage: 28.9%
- User rating: 3.88 / 5
- Total listings: 45
This analysis is based on CarGurus' proprietary market data from October 5, 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 Indianapolis, IN
The Mustang lineup offers a range of trims from budget-friendly options to high-performance models, all featuring RWD.
- Starting at $24,288
- 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 | $29,555 | $25,396 | $29,555 | $24,288 | $29,555 | $29,555 | $38,980 | $29,555 |
| Positioning | Best value | Standard | Standard | Standard | Standard | Standard | Standard | Fully loaded |
| Standout Features | Backup camera, Bluetooth, Blind Spot Monitoring | Backup camera, Leather seats, Adaptive Cruise Control | Bluetooth, Heated seats, Navigation system | Backup camera, Bluetooth, Heated seats | Backup camera, Bluetooth, Navigation system | Backup camera, Bluetooth, Navigation system | Bluetooth, Leather seats, Adaptive Cruise Control | Bluetooth, Backup camera, Navigation system |
| Drivetrain | RWD | RWD | RWD | RWD | RWD | RWD | RWD | RWD |
| Listings Available | 54 | 42 | 24 | 126 | 68 | 117 | 108 | 24 |
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 a sporty coupe | Affordable luxury with added features | Open-top driving experience | Most popular trim with great features | Powerful V8 performance | Premium features with V8 power | High-end features in a convertible | Performance-focused with extra power |
| Avg. Market Price | $29,555 | $25,396 | $29,555 | $24,288 | $29,555 | $29,555 | $38,980 | $29,555 |
| 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 |
| Backup Camera | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ |
| Bluetooth | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ |
| Blind Spot Monitoring | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ |
| Parking Sensors | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | — |
| Android Auto | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ |
| CarPlay | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ |
| Heated Seats | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | — |
| Remote Start | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | — |
| Multi Zone Climate Control | ✓ | — | ✓ | ✓ | — | — | — | ✓ |
| Navigation System | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ |
| Leather Seats | — | ✓ | ✓ | ✓ | — | ✓ | ✓ | ✓ |
| Adaptive Cruise Control | — | ✓ | — | — | — | — | ✓ | — |
| Adaptive Suspension | — | — | — | — | — | — | — | ✓ |
| Active Listings | 54 | 42 | 24 | 126 | 68 | 117 | 108 | 24 |
Missing data displayed as "—".
Trim Deep Dives
EcoBoost Fastback RWD — "Who It's For"
The EcoBoost Fastback RWD is the pick for shoppers who want a sporty coupe without breaking the bank.
- Avg. market price: $29,555 (updated weekly)
- MPG/MPGe: 21 city / 29 hwy
- Inventory: 54 listings
- View EcoBoost Fastback RWD listings
EcoBoost Premium Fastback RWD — "Who It's For"
The EcoBoost Premium Fastback RWD is the pick for shoppers who want added luxury features without a hefty price tag.
- Avg. market price: $25,396 (updated weekly)
- MPG/MPGe: 21 city / 29 hwy
- Inventory: 42 listings
- View EcoBoost Premium Fastback RWD listings
EcoBoost Convertible RWD — "Who It's For"
The EcoBoost Convertible RWD is the pick for shoppers who want an open-top experience without the highest price.
- Avg. market price: $29,555 (updated weekly)
- MPG/MPGe: 20 city / 27 hwy
- Inventory: 24 listings
- View EcoBoost Convertible RWD listings
EcoBoost Premium Convertible RWD — "Who It's For"
The EcoBoost Premium Convertible RWD is the pick for shoppers who want a stylish convertible with popular features.
- Avg. market price: $24,288 (updated weekly)
- MPG/MPGe: 20 city / 27 hwy
- Inventory: 126 listings — widest selection in the lineup
- View EcoBoost Premium Convertible RWD listings
GT Fastback RWD — "Who It's For"
The GT Fastback RWD is the pick for shoppers who want a powerful V8 without the highest price in the lineup.
- Avg. market price: $29,555 (updated weekly)
- MPG/MPGe: 15 city / 24 hwy
- Inventory: 68 listings
- 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 premium features combined with V8 performance.
- Avg. market price: $29,555 (updated weekly)
- MPG/MPGe: 15 city / 24 hwy
- Inventory: 117 listings — widest selection in the lineup
- View GT Premium Fastback RWD listings
GT Premium Convertible RWD — "Who It's For"
The GT Premium Convertible RWD is the pick for shoppers who want a high-end convertible experience with V8 power.
- Avg. market price: $38,980 (updated weekly)
- MPG/MPGe: 15 city / 24 hwy
- Inventory: 108 listings — widest selection in the lineup
- View GT Premium Convertible RWD listings
Mach 1 Fastback RWD — "Who It's For"
The Mach 1 Fastback RWD is the pick for shoppers who want a fully loaded performance vehicle with extra power.
- Avg. market price: $29,555 (updated weekly)
- MPG/MPGe: 14 city / 22 hwy
- Inventory: 24 listings
- View Mach 1 Fastback RWD listings
Trim Recommendations
Most Popular — EcoBoost Premium Convertible RWD
With 126 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 Premium Convertible RWD
At $24,288 avg market price — below the lineup median of $29,555 — it's the most accessible entry point.
Browse EcoBoost Premium Convertible RWD listings
Best for Fuel Economy — EcoBoost Fastback RWD
The EcoBoost Fastback RWD offers the best fuel economy at 21/29 MPG/MPGe.
Browse EcoBoost Fastback RWD listings
These recommendations are based on CarGurus' proprietary market data from October 8, 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: Indianapolis, IN Market Report
Pricing in Nearby Cities
Market Area: Indianapolis, IN
Key Insights
- Highest-Price Market: Jasper, IN leads with an average price of $40,665, indicating a premium market for the Mustang in this area.
- Best Value: Terre Haute, IN offers the lowest average price at $24,288, presenting a significant opportunity for budget-conscious shoppers.
- Inventory Drives Stability: Cincinnati, OH has the most listings at 323, suggesting a robust market presence that may stabilize pricing.
City-Level Pricing
| City | Total Listings | Avg Price |
|---|---|---|
| Cincinnati, OH | 323 | $33,784 |
| Dayton, OH | 321 | $31,862 |
| Anderson, IN | 306 | $32,483 |
| Jasper, IN | 304 | $40,665 |
| Columbus, IN | 302 | $31,634 |
| Bloomington, IN | 300 | $31,634 |
| Kokomo, IN | 299 | $25,986 |
| Crawfordsville, IN | 292 | $25,986 |
| Terre Haute, IN | 292 | $24,288 |
Pricing by Trim Packages
Key Insights
- Volume Leader: The EcoBoost Premium Convertible RWD has the highest inventory with 127 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, reflecting its performance-oriented features.
- Drivetrain Effect: All trims listed are RWD, which may appeal to performance enthusiasts, but the price variance suggests differing levels of demand and features.
Trim-Level Details
| Trim | Listings | MSRP | Drivetrain | Engine |
|---|---|---|---|---|
| EcoBoost Premium Convertible RWD | 127 | $38,295 | RWD | 2.3L 310 hp I4 |
| GT Premium Fastback RWD | 115 | $43,365 | RWD | 5.0L 450 hp V8 |
| GT Premium Convertible RWD | 108 | $48,865 | RWD | 5.0L 450 hp V8 |
| EcoBoost Fastback RWD | 55 | $27,770 | RWD | 2.3L 310 hp I4 |
| GT Fastback RWD | 64 | $38,345 | RWD | 5.0L 450 hp V8 |
| EcoBoost Premium Fastback RWD | 42 | $32,795 | RWD | 2.3L 310 hp I4 |
| EcoBoost Convertible RWD | 27 | $33,270 | RWD | 2.3L 310 hp I4 |
| Mach 1 Fastback RWD | 24 | $55,570 | RWD | 5.0L 470 hp V8 |
Pricing Analysis by Model Year
Key Insights
- New-Car Premium: The 2025 model year shows the highest average price at $40,901, indicating a strong demand for newer models.
- Depreciation Curve: The 2015 model year has experienced the steepest depreciation at -21.2%, suggesting that older models may offer better value for budget-conscious buyers.
- Best Value Sweet Spot: The 2023 model year is priced at an average of $29,751, which is only 7.1% above its starting MSRP, making it an attractive option for buyers seeking a balance of new features and value.
Model Year Pricing
| Model Year | Starting MSRP | Avg Price | Avg Price vs Starting MSRP |
|---|---|---|---|
| 2026 | $32,640 | $37,971 | +16.3% |
| 2025 | $31,920 | $40,901 | +28.1% |
| 2024 | $30,920 | $37,933 | +22.7% |
| 2023 | $27,770 | $29,751 | +7.1% |
| 2022 | $27,470 | $34,629 | +26.1% |
| 2021 | $27,205 | $25,302 | -7.0% |
| 2020 | $26,670 | $26,182 | -1.8% |
| 2019 | $26,395 | $31,647 | +19.9% |
| 2018 | $25,680 | $25,447 | -0.9% |
| 2017 | $25,185 | $23,302 | -7.5% |
| 2016 | $24,145 | $21,402 | -11.4% |
| 2015 | $23,800 | $18,749 | -21.2% |
These recommendations are based on CarGurus' proprietary market data from October 7, 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 | $33,105 |
| Year-Round Low | $28,728 |
| Year-Round High | $33,726 |
| Average Price a Year Ago | $30,235 |
| Change vs. Last Year | +9.49% |
Prices are up 9.49% year-over-year — a sign of continued demand for this model year.
There are 2,751 listings available, which gives you a meaningful pool to compare prices and conditions.
Is the 2023 Ford Mustang a good car?
Yes — owners rate it 5/5, which points to very strong overall satisfaction. The review summary highlights its performance, aesthetics, and value, along with the driving experience, sound system, and convertible feature. That makes it especially appealing if you want a sporty coupe or soft-top convertible with broad enthusiast appeal and everyday usability. With 34.4% 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 review summary also points to a car that owners feel good about over time, with praise centered on the driving experience and overall value. For used buyers, the main long-term ownership risk comes down to choosing a well-maintained example and avoiding neglected cars that may carry higher repair exposure.
What should I look for when buying a used 2023 Ford Mustang?
Accident-free inventory is solid at 85.6% — always verify the vehicle history report.
You should prioritize a pre-purchase inspection and focus on overall condition, maintenance records, and signs of prior damage. A clean history report matters here because a large share of listings are accident-free, but that still leaves enough variation that you should confirm the specific car’s background. Pay close attention to how the car drives and whether any warning signs show up during the inspection.
Is now a good time to buy a used 2023 Ford Mustang?
This looks like a moderate market for selective buyers, so you can shop with some leverage if you stay patient.
- Deal availability: 34.4% of listings are priced as good or great deals.
- Inventory: There are 2,751 listings available.
- Price trend: Prices are up 9.49% year-over-year.
- Clean inventory: 85.6% of listings are accident-free.
If you find a listing below $28,728, 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 $33,105 sits slightly above last year's $30,235.
That upward move suggests the market has been willing to pay more for this model year, which can help support resale strength if you buy carefully. A higher current average also means you may have less room for depreciation than you would with a softer-priced used car. Strong demand and a broad shopper base can help keep future trade-in interest healthy.
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:
- 34.4% of listings are priced as good or great deals.
- Accident-free inventory is solid at 85.6% — always verify the vehicle history report.
- Price trend: Prices are up 9.49% year-over-year.
- Owners rate it 5/5 — a strong satisfaction signal.
Consider the 2024 if:
- At $38,014, the 2024 costs more than the current year's $33,105 average.
- It adds a more modern cabin and updated tech.
The 2023 is the better starting point if you want stronger value and a wider pool of listings to compare. If you can stretch for the 2024, you may prefer its newer interior and technology, but price-sensitive buyers should focus on the 2023 and shop for a clean, well-priced example.
These recommendations are based on CarGurus' proprietary market data from October 6, 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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