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By KBB Editors
Updated December 23, 2019
While its strongest appeal will be to the Mustang faithful, the latest iteration of this American icon now has the look, feel and features that should make it worthy of consideration by anyone shopping for a sporty, rear-drive two-door. The SYNC audio system and the V6’s impressive fuel economy are two huge selling points unmatched by the Mustang’s competitors.
Those who demand the biggest horsepower numbers without stepping into far-pricier Shelby GT500 territory will find the Chevrolet Camaro SS packs a bit more punch under its hood than the Mustang GT. As in the past, limited head/leg room relegate Mustang’s aft quarters to a de facto kids-only zone.
For 2011, the Mustang receives two new engine choices: an all-aluminum 3.7-liter V6, and a 5.0-liter V8. Both engines can be fitted with a choice of six-speed manual or automatic transmissions, while the V6 models receive as standard a limited-slip differential. The 2011 Mustang receive a new electrically assisted power steering unit and improvements to its suspension, frame stiffness and interior NVH (noise, vibration and harshness) levels.
An icon of Ford’s lineup since the mid-’60s, the rakish Mustang receives the second half of a comprehensive two-year makeover that elevates its horsepower, chassis dynamics and overall bad boy attitude. Feeling the heat from Chevrolet’s recently resurrected Camaro, both Coupe and Convertible Mustangs have been substantially beefed up this year, offering the choice of base and premium trims, all-new V6 or V8 (GT) engines and a choice between a new six-speed manual or six-speed automatic transmission. A formidable roster of standard and available equipment, and some slick new options should help the original pony car gallop on at an even faster pace as it vies for buyers who might also be considering the likes of the Dodge Challenger, Hyundai Genesis Coupe and Chevrolet Camaro. Completing the Mustang range is the 540-horsepower supercharged Shelby GT500, reviewed separately.
2011 Ford Mustang pricing starts at $8,732 for the Mustang Coupe 2D, which had a starting MSRP of $23,990 when new. The range-topping 2011 Mustang Shelby GT500 Convertible 2D starts at $20,708 today, originally priced from $55,790.
Original MSRP | KBB Fair Purchase Price (national avg.) | |||
---|---|---|---|---|
$23,990 | $8,732 | |||
$27,690 | $8,342 | |||
$28,990 | $9,559 | |||
$30,495 | $14,113 | |||
$32,690 | $9,120 | |||
$34,990 | $13,580 | |||
$36,490 | $14,777 | |||
$39,990 | $13,081 | |||
$50,790 | $23,863 | |||
$55,790 | $20,708 |
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 2011 Ford Mustang models in typical condition when purchasing from a dealership. These prices are updated weekly.
Ford did an impressive job of remaking the Mustang’s dynamic character for 2010 with a series of well-measured tweaks to the existing suspension setups and tuning elements culled from the Bullitt model. For 2011, Ford finishes the job with two-new engines and transmissions. The new 3.7-liter V6 develops an impressive 305 horsepower, yet somehow manages to earn an EPA highway rating of 31 mpg when equipped with the six-speed automatic. The V6 is refined, quiet and more than capable of making the Mustang’s performance match its looks. Those requiring the loud growl and neck-snapping punch of a V8, however, will be satisfied with nothing less than the new 412-horsepower, 5.0-liter V8. And, Ford’s new six-speed manual no longer feels like something pulled from an old Ranger pickup truck, providing smooth gear transitions and an easily engaged clutch. Recalibration of the springs, shocks and anti-roll bars interact to create a package that’s more comfortable in cruise and more capable in the corners, with better steering feel, quicker overall responses and greater predictability. Complementing this re-mix is a properly restrained and driver-selectable AdvanceTrac stability system that offers a less-restrictive Sport mode on GTs and confidence-inspiring four-wheel anti-lock disc brakes.
If the Mustang holds a superior advantage over its arch-rival, the Chevrolet Camaro, it’s inside the cockpit. Classic design themes are interwoven with upscale details such as a one-piece soft-touch dash set off by brushed aluminum and bright-chrome accents. A new instrument cluster includes a 160-mph speedometer and the center stack has a more logical and usable layout for the audio, heat/air-conditioning controls and standard displays – or the eight-inch color touch screen that’s included with the optional navigation system. New features include the addition of a driver’s message center and the availability of Ford’s MyKey programmable vehicle key. Additional attention has been paid to sound proofing, including new door seals and thicker glass. The Mustang’s front buckets offer better comfort and support than the Camaro, while the rear bench – a 60/40 fold-down in the Coupe but fixed in the Convertible – is scaled for small to mid-size kids.
Last year’s redesign saw a two-year Mustang makeover that began with the car’s exterior. A complete re-skin put a finer edge on the Mustang’s classically proportioned design while resurrecting several historical elements. The more aggressive bodywork includes a power-bulged hood and cleaner, crisper individualized fascia treatments highlighted by an integrated headlamp/turn-indicator unit that revisits the 1970 Mustang and mid-’60s-era sequential tail lamps updated with LED bulbs; 2011 also sees the return of the fabled 5.0-liter badge boldly attached to the GT’s front fenders. A revised grille insert serves as a backdrop for a more stylized galloping pony emblem as well as prominent fog lamps in GT models, which also boast a subtle rear spoiler. New safety features include integrated blind spot mirrors in the side-view mirror housings. The V6s come with 215/60 all-season tires on 17-inch aluminum wheels while the V8 GTs get 235/50 rubber on 18-inch alloys.
3.7-liter V6
Unless you absolutely revel in the idea of having a V8, the new 3.7-liter V6 is more than enough engine, producing horsepower and torque figures that surpass the output of many previous generation Mustang GTs!
Comprehensive Interior Upgrades
Better quality and enhanced features make it a much nicer world inside every 2011 Mustang. Highlighting the mix are a new one-piece soft-touch dash and more finger-friendly controls that are further complemented by variable interior ambient lighting and selectable MyColor illumination for the instrument cluster on Premium models.
All 2011 Ford Mustang variants are impressively packaged. Even the base V6 comes with air conditioning, power windows/locks/mirrors, keyless remote entry, AM/FM/CD stereo with AUX input, and cruise control plus anti-lock brakes (ABS), Electronic Stability Control (ESC), front/front-side airbags, and Ford’s SOS Post-Crash Alert system. The Premium versions add leather upholstery, trim enhancements, an upgraded instrument cluster with MyColor variable lighting, Shaker 500 audio system with SYNC and SIRIUS Satellite Radio, power driver’s seat and a split/folding rear seat on Coupes. The GTs bring a 412-horsepower, 5.0-liter V8 engine, automatic headlamps, rear spoiler, fog lamps, a black-chrome pony grille badge, and cloth instead of synthetic material on the Convertible’s power top.
Key extras for the base V6 are a six-speed automatic transmission, Security Package (Active Anti-theft System and wheel locks) and a convertible soft boot, while the GT Premium offers the California Package that adds a chrome billet grille, side scoops and 19-inch wheels. The V6 Premium offers the base-level upgrades plus the V6 Performance Package, which brings a strut tower brace, larger anti-roll bars, 19-inch black painted wheels, recalibrated electronic stability control, performance brake pads and a 3.31 rear axle ratio. The GT trim offers the Brembo Brake Package that adds Brembo front brakes, recalibrated stability program and 19-inch wheels surrounded by P255/40R19 summer tires. HID bi-xenon headlamps, a glass roof (Coupe), a back-up camera and several packages – including the Electronic (Navigation with SIRIUS, HD Radio and dual-zone auto climate control) and Comfort (leather-trimmed heated front seats and a six-way power passenger seat) – are available on both Premium variants.
Two new engines anchor the non-Shelby portion of Team Mustang. The base trim is powered by an all-aluminum 3.7-liter V6 engine featuring dual overhead cams (DOHC) and Twin-Independent Variable Camshaft Timing (Ti-VCT). The result is a V6 that produces 305 horsepower, yet delivers fuel economy comparable to some four-cylinder cars. The new six-speed automatic features a ‘Hill Mode" function that extends longer gear operation on uphill climbs and provides additional engine braking upon decent. Ironically, Ford does not offer a manually selectable shift program on this transmission, and odd omission in this category. Stepping up to the new 5.0-liter V8 (also equipped with Ti-VCT technology) brings a big boost in both horsepower and torque, pumping out 412 horsepower and 390 lb.-ft. of torque. Our time in the Mustang GT produced zero-to-60 runs under five-seconds, which is about a second better than the 2010 model.
3.7-liter DOHC V6
305 horsepower @ 6500 rpm
280 lb-ft of torque @ 4250 rpm
EPA city/highway fuel economy 19/29 (manual), 19/31 (automatic)
5.0-liter DOHC V8
412 horsepower @ 6500 rpm
390 lb-ft of torque @ 4250 rpm
EPA city/highway fuel economy 17/26 (manual), 18/25 (automatic)
Get 5.9% APR for 60 mos. Ford Credit Financing on a new 2025 Ford Mustang.
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Year | Vehicle Depreciation* | Resale Value | Trade-In Value | ||
---|---|---|---|---|---|
2022 | + $1,730 | $10,411 | $9,491 | ||
2023 | $1,690 | $8,721 | $7,554 | ||
2024 | $1,161 | $7,560 | $6,093 | ||
Now | $1,026 | $6,534 | $5,339 |
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2-Year Forecasted Depreciation
*Depreciation for the last 12 months of the private party resale value.
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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Curb Weight | 3453 lbs. | ||
---|---|---|---|
EPA Passenger | 83.3 cu.ft. | ||
EPA Total Interior | 96.7 cu.ft. | ||
Fuel Capacity | 16.0 gallons | ||
Front Head Room | 38.5 inches | ||
Front Leg Room | 42.4 inches | ||
Max Seating Capacity | 4 | ||
Overall Length | 188.1 inches | ||
Front Shoulder Room | 55.3 inches | ||
Towing Capacity, Maximum | 1000 lbs. | ||
Trunk or Cargo Capacity | 13.4 cu.ft. | ||
Turning Diameter | 33.4 feet | ||
Wheel Base | 107.1 inches | ||
Width with mirrors | 80.1 inches |
Alloy Wheels | Available | ||
---|---|---|---|
Fog Lights | Available | ||
HID Headlights | Available | ||
Moon Roof/Sun Roof | Available | ||
Number of Doors | 2 doors | ||
Rear Spoiler | Available |
City | 19 mpg | ||
---|---|---|---|
Highway | 31 mpg | ||
Combined | 23 mpg |
Drivetrain | RWD | ||
---|---|---|---|
Transmission Type | Automatic | ||
6 speed | Available | ||
Recommended Fuel | Regular | ||
Limited Slip Differential | Available |
Horsepower | 305 @ 6500 RPM | ||
---|---|---|---|
Torque | 280 @ 4250 rpm | ||
Engine | V6, 3.7 Liter |
Basic | 3 years / 36000 miles | ||
---|---|---|---|
Powertrain | 5 years / 60000 miles | ||
Corrosion | 5 years / Unlimited miles |
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2011 Ford Mustang city/highway fuel economy ratings range from 15/23 mpg to 19/31 mpg, depending on trim and equipment.
Used 2011 Ford Mustang prices currently range from $8,342 for the Premium Coupe 2D to $23,863 for the Shelby GT500 Coupe 2D when purchasing from a dealership, depending on a range of factors like equipment, mileage, and condition.
The cheapest 2011 Ford Mustang is the Premium Coupe 2D, with a Kelley Blue Book Fair Purchase Price of $8,342.
The 2011 Ford Mustang is part of the 5th-generation Mustang, which our owners give an above-average reliability rating of 4.8 out of 5.