Car Collector International
Modern Classic · 2024–present

Ford Mustang (S650)

The current S650 Mustang — EcoBoost, GT, Dark Horse, and the Multimatic-built GTD street-legal race car.

Car Collector International Editorial
Seventh-generation Ford Mustang S650 in a studio setting, front three-quarter view, showing the current-model tri-bar LED headlights, wide grille and multi-spoke alloy wheels.
Overview

Why this car matters

Launched for 2024, the S650 is a heavily-revised evolution of the S550 platform with new bodywork, an all-new digital cockpit and a revised Coyote V8. It sits alongside the Multimatic-developed GTD — an 815 hp, mid-rear-transaxle, active-aero 'street-legal race car' at supercar pricing — and reintroduces a nameplate hierarchy topped by the Dark Horse, the first new Mustang performance name since 2001.

Collector positioning is limited by the S650 still being in current production. The GTD, the 60th Anniversary Package (1,965 units, MY2025) and the Dark Horse Handling Package are the identifiable collector tiers.

The S650 is the last Mustang generation confirmed on the internal-combustion V8 platform, and its GTD is the most extreme road-legal Mustang Ford Motor Company has ever built.

Variants

Range and production

VariantYearsProductionNotes
EcoBoost / EcoBoost Premium2024–present2.3L turbo four, 315 hp / 350 lb-ft; coupe and convertible.
GT / GT Premium2024–present5.0L Coyote V8, 480 hp (490 hp with Active Valve Exhaust — Verify per model year); coupe and convertible.
Dark Horse2024–present5.0L Coyote, 500 hp / 418 lb-ft; MagneRide, auxiliary coolers, unique chassis tuning. First new Mustang performance nameplate since 2001.
60th Anniversary Package (MY2025)20251,9651,965 units to commemorate 1965 launch year; Vermillion Red badging, 20-inch Dark Gravity Gray wheels.
Ford GTD2025–present5.2L supercharged V8, 815 hp / 664 lb-ft; mid-rear-mounted 8-speed transaxle; active aero; Multimatic-built. Limited run: Ford states approx. 1,000 units, with reported cap of 1,700 (extendable). 271 built in 2025; production ongoing. Verify final cap.
Buyer's Guide

What to look for

Provenance and originality

Start with identity, paperwork and originality. For the Ford Mustang (S650), the strongest cars have a continuous ownership file, VIN and door-tag consistency, a Marti Report where available, original window sticker where possible, and evidence of major service work by recognised Mustang specialists. Delivery-mile status, factory build sheet, MSO on GTD and 60th Anniversary cars, dealer-invoice paperwork; on Dark Horse, Handling Package and factory carbon-wheel option are decisive.

Mechanical inspection priorities

5.0L Coyote V8 (revised for S650), 480 hp / 486 hp (Active Valve Exhaust); Dark Horse 500 hp with unique chassis tuning, MagneRide dampers and auxiliary coolers. Ford GTD: 815 hp supercharged 5.2L with mid-rear-mounted transaxle and active aero — service is Multimatic and Ford Performance only. A proper pre-purchase inspection includes cold-start behaviour, compression or leak-down testing where appropriate, factory-tool diagnostic scans on later cars, underbody photography, suspension and chassis-point inspection, brake condition and a road test long enough to expose heat-related faults. Deferred maintenance is almost always more expensive than buying the better-sorted car.

Body, paint and accident history

Mustang bodyshells are unibody steel and vulnerable to hidden collision repair and (on earlier cars) corrosion in floors, torque boxes, cowl and rear frame rails. Use a paint-depth gauge, a lift inspection and a specialist familiar with the generation. Documented cosmetic restoration is acceptable; concealed accident or structural repair must be priced severely, and modified cars must be judged on the quality and documentation of the build.

Specification strategy

Ford GTD (limited multi-year production, Multimatic-built), MY2025 60th Anniversary Package (1,965 units), Dark Horse with Handling Package, and any early low-mile Dark Horse in Blue Ember are the identifiable collector tiers. EcoBoost and GT Premium form the everyday pool. Colour, transmission, option packages and limited-build variants move values significantly. Buy the best-documented example in the most desirable specification you can justify rather than a tired example of a rarer derivative that will need years of corrective work.

Pricing

What to pay

Driver (used EcoBoost / GT)
USD$32,000 – $50,000
GBP£26,000 – £40,000
EUR€30,000 – €46,000
Late-model used EcoBoost and GT with delivery mileage.
Excellent Dark Horse
USD$55,000 – $85,000
GBP£44,000 – £68,000
EUR€50,000 – €78,000
Low-mile Dark Horse with Handling Package; Blue Ember cars command a premium.
60th Anniversary / GTD
USD$70,000 – $500,000+
GBP£56,000 – £400,000+
EUR€65,000 – €465,000+
60th Anniversary Package cars trade above MSRP on rarity; GTD (~$325,000+ MSRP) is the halo tier and trades well above sticker in early ownership.

Regional ranges authored independently — each reflects its local market, not an FX conversion

Ownership

Living with it

Typical mileage
1,500–5,000 miles typical for collector use
Service interval
12 months; mileage interval varies by model and use
Annual running cost
$2,000 – $6,000
Fuel economy
14–26 mpg depending on model and use
Insurance
Use an agreed-value collector policy with limited mileage, secure storage, documented photography and an annual value review. Premiums vary sharply by variant (Shelby / SVT / GT500 command higher), storage location and declared value.

Maintenance planning

Budget annually even if the car is used sparingly. Fluids age, tyres date out, batteries fail, and stored cars need exercise. Mustangs reward a documented maintenance rhythm — it protects both reliability and resale value.

Parts and specialist access

For the standard S650 range, Ford dealer / Ford Performance service is the norm. GTD is a Multimatic-supported programme with its own service pathway; verify service-plan enrolment before purchase. Aftermarket support for most Mustang generations is exceptionally strong, but originality-critical trim, correct-date-coded components and variant-specific parts (SVO turbo hardware, LT5/Voodoo/Predator internals, GT500 supercharger components) sit outside general availability and need a knowledgeable specialist.
Common Problems

Known issues by system

Warranty / current-production

Standard warranty and dealer-service items apply; long-term reliability data is limited

ModerateWarranty-covered where applicable.
Symptoms — Any current-production Mustang should be evaluated with reference to Ford TSBs and factory campaigns.
Inspection — Ford dealer service-history check; TSB compliance verification.
GTD-specific

Multimatic service pathway and active-aero calibration

MajorProgramme-specific; not general-workshop capable.
Symptoms — Active-aero fault codes, adjustable-suspension calibration drift.
Inspection — Multimatic / Ford Performance authorised service inspection; verify service-plan enrolment.
Body / trim

60th Anniversary Package / Dark Horse Handling Package originality

MajorValue adjustment only.
Symptoms — Missing 60th-specific badging, replaced Handling Package components.
Inspection — Window sticker / MSO cross-check; VIN verification.
Electronics

Digital-cockpit software revisions and OTA update history

ModerateDealer software update; typically warranty.
Symptoms — Occasional infotainment restart, feature-availability changes.
Inspection — Verify latest OTA update installed; scan for stored faults.
Valuation

Current value bands by region

Concours
USD
$120,000
GBP
£96,000
EUR
€110,000
0% 12-mo
Excellent
USD
$65,000
GBP
£52,000
EUR
€60,000
0% 12-mo
Good
USD
$45,000
GBP
£36,000
EUR
€42,000
-3% 12-mo
Fair
USD
$35,000
GBP
£28,000
EUR
€32,000
-4% 12-mo
Project
USD
$25,000
GBP
£20,000
EUR
€23,000
-5% 12-mo

Each region quoted in its local currency — independent market readings, not FX conversions

The secondary market is restricted: Ford GTD resale is banned for two years, so no standard secondary market exists yet. The first Dark Horse SC retail order sold for around $1.25 million at a Barrett-Jackson charity sale in January 2026 — a charity result, not representative of the wider market. Dark Horse and GTD are the variants to watch.

Auctions

Recent results

DateAuctionCarMileageResult

No recent public auction results currently meet our verification standard. We publish sale figures only from verified examples, and will update this guide as qualifying results become available.

Investment

Long-term outlook

EmergingHorizon: 10+ years

The Ford GTD is the clear long-horizon collector play on the S650 platform; the 60th Anniversary Package has numbered-plaque scarcity in its favour. Standard EcoBoost and GT cars will depreciate normally; Dark Horse is the enthusiast anchor that should hold better than volume trims.

Recommended

The trusted network

Specialists

  • Mustang marque specialist
    View →
    United States
    Mustang Seventh generation (S650) inspections, servicing and originality reviews; Marti Report interpretation where applicable.
  • Model-focused independent
    View →
    UK / Europe
    Pre-purchase inspections, major service planning and market-correct preparation for the Mustang (S650) in Europe.
  • Concours preparation studio
    View →
    International
    Paint correction, detailing, preservation and sale preparation for collector Mustangs.

Storage

  • Windrush Car Storage
    View →
    Cotswolds, UK
    Climate-controlled storage and collection management for high-value collector cars.
  • Autovault
    View →
    Bicester, UK
    Secure storage at Bicester Heritage with regular inspection programmes.
  • Classic Car Club Manhattan
    View →
    New York, NY
    Secure urban storage for collector and modern-classic performance cars.

Transport

  • Reliable Carriers
    View →
    USA (national)
    Enclosed coast-to-coast transport for premium and collector cars.
  • Passport Transport
    View →
    USA (national)
    Enclosed transport for collector and performance cars across the United States.
  • CARS UK
    View →
    UK & Europe
    Enclosed event, concours and collection transport across Europe.

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The valuation figures in this guide are for research purposes only and do not constitute financial or investment advice. See our full disclaimer.