2011 Ford Mustang Shelby GT500 Convertible

At a Glance

Pricing $27,145 - $53,645
Drive Types RWD
Engines 3.7l V6, 5.0l V8, 5.4l V8 S
Transmissions A6, M6
Fuel Economy 15-19 (city), 23-30 (highway)

The Ford Mustang is instantly recognizable as an American icon. When introduced in 2005, the latest iteration intended to evoke the classic styling of the Mustangs from the late 1960's; however, a significant update in 2010 resulted in a sleeker, more modern design. Base Mustangs now equip a new 3.7l V6 with more power than many of Mustang's historic V8 models. The performance oriented GT model now equips an updated version of the legendary 5.0l V8 rated at 412-bhp. Both engines are mated to a six-speed manual or automatic transmission. With sleek styling and powerful yet fuel-efficient engines, the Mustang is far from being a throwback pony car.

What Changed:

A 5.0l V8 engine returns and a 3.7l V6 becomes the new base engine for the Mustang. Both engines have dual overhead cams with variable valve timing significantly improving power and fuel efficiency. The 5.0l V8 under the hood of GT models produces 412-bhp and 390 lb-ft of torque while the new V6 produces 305-bhp and 280 lb-ft of torque. All Mustangs model now offer a choice of six-speed manual and automatic transmissions. A new optional performance package for V6 models upgrades the suspension and brakes to match the V8-powered GT model.

Model/Trim/Package Engine Original MSRP
Mustang Convertible V6 100A 3.7l V6 (305-bhp) M6 RWD $27,145
Mustang Convertible V6 100A 3.7l V6 (305-bhp) A6 RWD $28,140
Mustang Convertible V6 Premium 200A 3.7l V6 (305-bhp) M6 RWD $30,845
Mustang Convertible V6 Premium 200A 3.7l V6 (305-bhp) A6 RWD $31,840
Mustang Convertible GT 300A 5.0l V8 (412-bhp) M6 RWD $34,645
Mustang Convertible GT 300A 5.0l V8 (412-bhp) A6 RWD $35,640
Mustang Convertible GT Premium 400A 5.0l V8 (412-bhp) M6 RWD $37,845
Mustang Convertible GT Premium 400A 5.0l V8 (412-bhp) A6 RWD $38,840
Shelby GT500 820A 5.4l V8 S (550-bhp) M6 RWD $53,645