Ford Mustang's price hike just the beginning as NVES hits Aus
As of July 1, Ford increased pricing of every Mustang in its line-up with prices rising by $5,000.
No extra features or a new look.
So what's the reason for the price hike? Ford confirmed the change is linked to Australia's New Vehicle Efficiency Standard, or NVES.
The Mustang 2.3-litre EcoBoost will now cost $71,990 before on-road costs.
The V8 GT manual is now $83,990, the GT automatic $86,990 and the GT Convertible has risen to $92,667, which means the drive-away price is now above $103,000 in Victoria.
Ford confirmed NVES was a factor in the decision, alongside other common pricing pressures such as logistics and exchange rates.
NVES is designed to reduce Australia's average vehicle CO2 emissions by rewarding brands that sell low or zero emissions vehicles and penalising those that continue to sell high-emitting models.
The Mustang GT emits up to 130 grams of CO2 per kilometre, a target for NVES.
NVES financial penalties won't come into play until 2028 but manufacturers are already taking pre-emptive action to manage their emission balance.
The increase in pricing of the Ford Mustang is the first and steepest price hikes seen so far.
Despite the increase, Ford confirmed the Mustang will remain a core part of its local line-up.
At the same time, other manufacturers are also adjusting prices or reconfiguring model lines-up in response to new regulations.
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