2016 Ford Mustang Review
Pros
Shoppers looking for a classic American pony coupe or convertible can’t go wrong with the Mustang. But even if you aren’t trying to release your inner Steve McQueen, the Mustang offers up a good-looking car with lots of creature comforts, and even decent fuel economy, for a reasonable price.
Cons
Besides the I’d-rather-push-a-Chevy crowd, anybody looking for 5-passenger seating – or just a comfortable rear seat – should skip the Ford Mustang and consider a larger car like the Dodge Challenger. And while there are Shelby versions waiting in the wings, the 707-horsepower Challenger Hellcat dominates the horsepower wars.
What's New?
In addition to three new option packages – the Mustang GT California Special Package, Mustang EcoBoost Pony Package, and the Performance Package for the Mustang GT Convertible – there’s the 2016 Mustang Shelby GT350. Mustang Premium models get the new Ford Sync 3 system.
After successfully reinventing its iconic Mustang last year, the 2016 Ford Mustang adds three option packages, plus the much-anticipated Mustang Shelby GT350 to the lineup, including the Shelby GT350R race car. But don’t let the nostalgia-seeped styling and history fool you, as the 2016 Mustang is a thoroughly modern sports coupe, with an independent rear suspension, a choice of engines including a fuel-sipping turbocharged 4-cylinder, comfortable and upscale interior, and all the high-tech amenities and features you’d expect from a 21st-century car. But don’t worry; everything that makes the Mustang coupe and Mustang convertible classics is here: a growing V8 engine, rear-wheel drive and multiple performance versions. It’s more than just a competitor for the Chevrolet Camaro and Dodge Challenger; it’s why those cars exist.
2016 Ford Mustang Pricing
2016 Ford Mustang pricing starts at $16,950 for the Mustang V6 Coupe 2D, which had a starting MSRP of $26,240 when new. The range-topping 2016 Mustang Shelby GT350R Coupe 2D starts at $44,500 today, originally priced from $62,195.
Original MSRP | KBB Fair Purchase Price (national avg.) | |||
|---|---|---|---|---|
$26,240 | $16,950 | |||
$27,740 | $14,550 | |||
$31,740 | $16,050 | |||
$31,740 | $16,950 | |||
$34,490 | $23,000 | |||
$37,240 | $16,150 | |||
$39,780 | $24,100 | |||
$46,075 | $23,400 | |||
$55,195 | $37,800 | |||
$62,195 | $44,500 |
The Kelley Blue Book Fair Purchase Price for any individual used vehicle can vary greatly according to mileage, condition, location, and other factors. The prices here reflect what buyers are currently paying for used 2016 Ford Mustang models in typical condition when purchasing from a dealership. These prices are updated weekly.
Driving the Ford Mustang
With an independent rear suspension for the first time in its history, the new Ford Mustang coupe and Mustang convertible finally handle like a modern car. But not only is it more nimble than its solid-axle predecessors, it’s just better in day-to-day driving, with a smoothed-out ride that has none of the jittery rear-end motions the old car had. Whether you choose the V6, new EcoBoost 4-cylinder or (obviously) the V8, all Mustang models are notably quick. However, it’s the last of these that truly sounds like a Ford Mustang should, with an auditory rumble and roar that’s pure Americana. If you opt for the 6-speed manual, you’ll enjoy the short throws and solid feel that make this a solid choice for enthusiasts. If you instead prefer the 6-speed automatic, you can still pick your own gears with paddles mounted on the steering wheel.
Interior Comfort
While all 2016 Mustang models get a coolly retro-yet-modern interior style, Premium Mustang models justify their added cost with better materials and features. All Mustangs offer easy-to-reach audio and climate controls, sturdy switches and comfortable front seats. The two small rear seats are meant for short-term use, especially considering the poor headroom in coupes. On the other hand, the trunk is bigger than you might expect – 13.5 cubic feet in coupes, 11.4 in convertibles – and the rear seats fold flat to accommodate longer items. The Mustang convertible uses a one-hand release latch for the power-operated soft top.
Exterior Styling
With its long hood, short trunk, sloping rear glass and tri-bar taillights, the 2016 Ford Mustang could never be mistaken for anything other than Ford’s pony car. Yet this is no throwback, as the sleek lines, aggressive headlights and windswept design prove. Gone is the bulkiness of the previous design, replaced with a lower, wider-looking car that, from most angles, is beautiful. Convertibles look best with the lined and insulated fabric top folded, but even when up it’s still unmistakably Mustang. On the functional end, the active grille shutters on 2.3-liter models can close to redirect airflow, improving aerodynamics.
Favorite Features
SAFETY SYSTEMS
Modern cars are about having it all, and anyone buying a new Mustang will find a classic pony car built with all the latest safety systems. Whether it’s blind-spot monitoring or forward-collision alert, it’s as modern as you’d want.
IT’S BURNOUT-READY
On the other hand, if you’re looking at a new Mustang 5.0, Ford is so sure you want to burn rubber that it’s equipped all 2016 Mustang GTs with the "line-lock" mode that locks the front brakes for standing burnouts. Manual-transmission GT models also include launch control for maximum acceleration.
Standard Features
The base Mustang V6 comes nicely equipped, with push-button start, 6-speaker AM/FM/CD audio with an auxiliary input, rearview camera, Ford’s Sync communication and entertainment system, high-intensity headlights, 17-inch wheels, and selectable-effort power steering. Also standard on all Mustangs is Track Apps, which displays performance metrics such as acceleration times. Opt for an EcoBoost model and you’ll get the 2.3-liter turbocharged 4-cylinder engine, plus 6-way-power front seats and 18-inch wheels. GT models include the 5.0-liter V8, 19-inch wheels, the line-lock feature, and launch control on manual-transmission models.
Factory Options
In addition to this year’s new option packages, there are multiple ways to make your new Mustang perform better, be more comfortable or simply look better. Upgrades for the base V6 models include a 6-speed automatic transmission, power front seats, parking sensors and 18-inch wheels. There’s a 12-speaker Shaker audio system, navigation, leather seats and safety features such as blind-spot monitoring and forward-collision alert available for EcoBoost and top-line GT models. Adaptive cruise control is also now available on Ford’s 4-seat performance car, as are heated and cooled front seats and performance packages.
Engine & Transmission
Three engines are available for the 2016 Mustang, and none is a loser. The base V6 Mustang comes with Ford’s 300-horsepower 3.7-liter V6, while the top-line GT uses a 435-horsepower 5.0-liter V8. The newest member of the Mustang engine family is a 2.3-liter turbocharged 4-cylinder that produces 310 horsepower. Not only does it out-muscle the V6, it’s also the most fuel-efficient Mustang engine, with up to 32 mpg. All Mustangs are rear-wheel drive and can be fitted with a 6-speed manual or 6-speed automatic transmission. The Shelby GT350 is in its own class with a 5.2-liter flat-plane V8 putting out 526 horsepower, coming connected solely to a 6-speed manual transmission.
3.7-liter V6
300 horsepower @ 6,500 rpm
280 lb-ft of torque @ 4,000 rpm
EPA city/highway fuel economy: 17/28 mpg (manual), 19/28 mpg (automatic)
2.3-liter turbocharged inline-4
310 horsepower @ 5,500 rpm
320 lb-ft of torque @ 3,000 rpm
EPA city/highway fuel economy: 22/31 mpg (manual), 21/32 mpg (automatic)
5.0-liter V8
435 horsepower @ 6,500 rpm
400 lb-ft of torque @ 4,250 rpm
EPA city/highway fuel economy: 15/25 mpg (manual), 16/25 mpg (automatic)
5.2-liter V8 (GT350)
526 horsepower @7,500 rpm
429 lb-ft of torque @ 4,750 rpm
EPA city/highway fuel economy: NA
New Ford Mustang Deals and Incentives
1.9% APR | 36 months
1.9% APR for 36 mos. Ford Credit Financing on a new 2026 Ford Mustang Mach-E.
$2500 Total Cash
$2,500 Cash Back on a new 2026 Ford Mustang EcoBoost.
$399 /mo | 36 months | Due at Signing
Lease a new 2026 Ford Mustang Coupe EcoBoost for $399 /mo. for 36 mos. Ford Credit Red Carpet Lease $1398 Cash Due at Signing Security Deposit Waived Taxes, Title, License Fees Extra.
2016 Ford Mustang
KBB.com Consumer Reviews
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2016 Ford Mustang Values and Prices
Style | Trade-In Value | Private Party Value | Fair Purchase Price | ||
|---|---|---|---|---|---|
$11,350 | $14,450 | $16,150 | |||
$10,950 | $15,150 | $16,950 | |||
$18,350 | $21,600 | $23,400 |
Style | Trade-In Value | Private Party Value | Fair Purchase Price | ||
|---|---|---|---|---|---|
$11,400 | $13,300 | $14,550 | |||
$11,100 | $14,800 | $16,050 | |||
$11,750 | $15,550 | $16,950 | |||
$17,450 | $21,100 | $23,000 | |||
$19,500 | $22,100 | $24,100 | |||
$29,600 | $36,000 | $37,800 | |||
$38,300 | $41,200 | $44,500 |
2016 Ford Mustang Depreciation
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2016 Ford Mustang Annual Depreciation
Year | Vehicle Depreciation* | Resale Value | Trade-In Value | ||
|---|---|---|---|---|---|
2023 | $2,185 | $15,077 | $13,792 | ||
2024 | $3,684 | $11,393 | $9,539 | ||
2025 | + $410 | $11,803 | $10,194 | ||
Now | + $1,497 | $13,300 | $11,400 |
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2-Year Forecasted Depreciation
*Depreciation for the last 12 months of the private party resale value.
2016 Ford Mustang Depreciation
Annual Depreciation is an estimation of what your vehicle's value might be over time based on an average of similar vehicles. Estimations are calculated by comparing Kelley Blue Book Private Party Values of vehicles similar to yours over time, as well as forecasts from Manheim Auction data comparing current and projected auction values against current Kelley Blue Book Private Party and Trade-In Values. This is not a guarantee of actual depreciation. Local weather conditions, market factors and driver performance will also impact your vehicle's actual depreciation.
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Specifications
Dimensions, Weights & Capacities
Curb Weight | 3642 lbs. | ||
|---|---|---|---|
EPA Passenger | 80.8 cu.ft. | ||
EPA Total Interior | 92.2 cu.ft. | ||
Fuel Capacity | 15.5 gallons | ||
Front Head Room | 37.6 inches | ||
Front Leg Room | 44.5 inches | ||
Max Seating Capacity | 4 | ||
Overall Length | 188.3 inches | ||
Front Shoulder Room | 56.3 inches | ||
Towing Capacity, Maximum | 1000 lbs. | ||
Trunk or Cargo Capacity | 11.4 cu.ft. | ||
Turning Diameter | 37.8 feet | ||
Wheel Base | 107.1 inches |
Exterior
Alloy Wheels | Available | ||
|---|---|---|---|
Fog Lights | Available | ||
HID Headlights | Available | ||
Number of Doors | 2 doors | ||
Rear Spoiler | Available |
Fuel Economy
City | 20 mpg | ||
|---|---|---|---|
Highway | 29 mpg | ||
Combined | 24 mpg |
Mechanical
Drivetrain | RWD | ||
|---|---|---|---|
Transmission Type | Automatic | ||
6 speed | Available | ||
Recommended Fuel | Premium | ||
Limited Slip Differential | Available | ||
Parking Assist System | Available |
Performance
Horsepower | 310 @ 5500 RPM | ||
|---|---|---|---|
Torque | 320 @ 3000 rpm | ||
Engine | 4-Cyl, EcoBoost, 2.3T |
Warranty
Basic | 3 years / 36000 miles | ||
|---|---|---|---|
Powertrain | 5 years / 60000 miles | ||
Corrosion | 5 years / Unlimited miles |
Comfort & Convenience
Entertainment
Interior
Seating
Security
Technology
2016 Ford Mustang Safety
Safety Features & Technology
Crash Test Rating
Compare to Similar Vehicles
![]() Used 2016 Ford Mustang | ![]() Used 2018 MINI Convertible | ![]() Used 2019 FIAT 500c Abarth | ![]() Used 2018 FIAT 124 Spider | ||
|---|---|---|---|---|---|
| Price | $16,150 | $14,650 | $14,450 | $15,350 | |
| KBB.com Rating | 4.7 | 3.8 | 3.5 | 4.5 | |
| Consumer Rating | 4.6 | 4.6 | 4.4 | 4.9 | |
| Fuel Economy | City 20/Hwy 29/Comb 24 MPG | City 28/Hwy 37/Comb 32 MPG | City 28/Hwy 33/Comb 30 MPG | City 25/Hwy 36/Comb 29 MPG | |
| Fuel Type | Gas | Gas | Gas | Gas | |
| Seating Capacity | 4 | 4 | 4 | 2 | |
| Basic Warranty | 3 years or 36000 miles | 4 years or 50000 miles | 4 years or 50000 miles | 4 years or 50000 miles | |
| Horsepower | 310 @ 5500 RPM | 134 @ 4400 RPM | 160 @ 5500 RPM | 160 @ 5500 RPM | |
| Engine | 4-Cyl, EcoBoost, 2.3T | 3-Cyl, Turbo, 1.5 Liter | 4-Cyl, MultiAir, Turbo, 1.4 Liter | 4-Cyl, MultiAir, Turbo, 1.4 Liter | |
| Drivetrain | RWD | FWD | FWD | RWD |
2016 Ford Mustang Rankings
More Ford Mustang News & Information
Ford’s Custom Garage recently debuted new options for the Bronco and other vehicles.
The new Ford Mustang Dark Horse SC borrows some equipment from the track special Mustang GTD at a likely lower price.
Ford has applied to patent the name “Mach 4,” another hint that a 4-door Mustang sedan, teased last year, may be coming.
FAQs
Is the 2016 Ford Mustang a good vehicle?
Yes, the 2016 Ford Mustang is a good car, as reflected by its above-average Kelley Blue Book rating of 4.7 out of 5.
What is the MPG for a 2016 Ford Mustang?
2016 Ford Mustang city/highway fuel economy ratings range from 14/21 mpg to 21/32 mpg, depending on trim and equipment.
How much should a 2016 Ford Mustang cost?
Used 2016 Ford Mustang prices currently range from $16,150 for the EcoBoost Coupe 2D to $44,500 for the Shelby GT350R Coupe 2D when purchasing from a dealership, depending on a range of factors like equipment, mileage, and condition.
What's the cheapest Ford Mustang?
The cheapest 2016 Ford Mustang is the EcoBoost Coupe 2D, with a Kelley Blue Book Fair Purchase Price of $16,150.
Is the 2016 Ford Mustang reliable?
The 2016 Ford Mustang is part of the 6th-generation Mustang, which our owners give an above-average reliability rating of 4.7 out of 5.







