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2016 Ford Mustang
#2 Best Convertibles of 2016

Used 2016 Ford Mustang

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4.6
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2016 Ford Mustang Exterior: 1
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2025
2016
Fuel Economy
16 - 25 combined mpg
Horsepower
300 - 435 hp
Engine
4 engines available
Engine Options
  • 4-Cyl, EcoBoost, 2.3T
  • V6, 3.7 Liter
  • V8, 5.0 Liter
  • V8, 5.2 Liter
Cargo Volume
11.4 - 13.5 cu ft
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2016 Ford Mustang Review

Keith Buglewicz

By Keith Buglewicz

Updated December 23, 2019

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 $14,721 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 $33,703 today, originally priced from $62,195.

Original MSRP
KBB Fair Purchase Price (national avg.)
$26,240
$14,721
$27,740
$14,669
$31,740
$13,320
$31,740
$15,322
$34,490
$21,938
$37,240
$13,610
$39,780
$25,720
$46,075
$20,918
$55,195
$35,436
$62,195
$33,703

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


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2016 Ford Mustang
KBB.com Consumer Reviews

4.6
Consumer Rating
Based on 216 Consumer Reviews
Write a Review
90%Recommend this vehicle
5
81%
5
81%
4
11%
4
11%
3
3%
3
3%
2
1%
2
1%
1
5%
1
5%
Value
4.6
Performance
4.8
Quality
4.6
Comfort
4.5
Reliability
4.7
Styling
4.8

Trending Topics in KBB.com Consumer Reviews

2016 Ford Mustang Styles

Style
Price
Combined Fuel Economy
Horsepower
Engine
Cargo Capacity
Torque
Curb Weight
V6 Coupe 2D
$14,721
22 MPG
300 @ 6500 RPM
V6, 3.7 Liter
13.5 cu ft
280 lb-ft
3526 lbs
EcoBoost Coupe 2D
$14,669
25 MPG
310 @ 5500 RPM
4-Cyl, EcoBoost, 2.3T
13.5 cu ft
320 lb-ft
3532 lbs
EcoBoost Premium Coupe 2D
$15,322
25 MPG
310 @ 5500 RPM
4-Cyl, EcoBoost, 2.3T
13.5 cu ft
320 lb-ft
3532 lbs
GT Coupe 2D
$21,938
19 MPG
435 @ 6500 RPM
V8, 5.0 Liter
13.5 cu ft
400 lb-ft
3705 lbs
GT Premium Coupe 2D
$25,720
19 MPG
435 @ 6500 RPM
V8, 5.0 Liter
13.5 cu ft
400 lb-ft
3705 lbs
Shelby GT350R Coupe 2D
$33,703
16 MPG
N/A
V8, 5.2 Liter
N/A
N/A
N/A
Shelby GT350 Coupe 2D
$35,436
16 MPG
N/A
V8, 5.2 Liter
13.5 cu ft
N/A
N/A
See Full Specs for All 2016 Ford Mustang Styles
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2016 Ford Mustang Depreciation

A 2016 Ford Mustang has depreciated $7,792 or 41% in the last 3 years and has a current resale value of $10,869 and trade-in value of $9,356.

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2016 Ford Mustang
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2016 Ford Mustang Annual Depreciation

Year
Vehicle Depreciation*
Resale Value
Trade-In Value
2022
+ $3,313
$18,661
$17,913
2023
$3,320
$15,341
$14,444
2024
$2,963
$12,378
$10,590
Now
$1,509
$10,869
$9,356
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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
3526 lbs.
EPA Passenger
84.5 cu.ft.
EPA Total Interior
98.0 cu.ft.
Fuel Capacity
16.0 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
13.5 cu.ft.
Turning Diameter
36.5 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
19 mpg
Highway
27 mpg
Combined
22 mpg

Mechanical

Drivetrain
RWD
Transmission Type
Automatic
6 speed
Available
Recommended Fuel
Regular
Limited Slip Differential
Available
Parking Assist System
Available

Performance

Horsepower
300 @ 6500 RPM
Torque
280 @ 4000 rpm
Engine
V6, 3.7 Liter

Warranty

Basic
3 years / 36000 miles
Powertrain
5 years / 60000 miles
Corrosion
5 years / Unlimited miles

Comfort & Convenience

  • Remote Control Liftgate/Trunk Release

Entertainment

  • MP3 Player
  • CD Player

Interior

  • Leather-Wrapped Steering Wheel
  • Power Windows
  • Rear Window Defroster
  • 12V Power Outlet
  • Power Outlet
  • Steering Wheel Controls
  • Tilt Steering Wheel
  • Tilt/Telescoping Steering Wheel

Seating

  • Folding Rear Seat
  • Cloth Seats
  • Power Driver's Seat

Security

  • Alarm System

Technology

  • Cruise Control
  • Hands Free Phone
  • Remote Keyless Entry
  • Proximity Sensing Keyless Entry
  • Push-Button Engine Start
  • Remote Engine Start
  • Smartphone Interface
  • USB Port
  • Voice Recognition System

2016 Ford Mustang Safety

2016 Ford Mustang Safety Technology

  • Child Door Locks: Not available
  • Child Seat Anchors
  • Driver Airbag
  • Passenger Airbag
  • Stability Control
  • Traction Control
  • Driver Knee Airbag
  • Emergency & Security Services
  • Front Head Curtain Airbag
  • Front Knee Airbag
  • Front Side Airbag
  • Parental Control System
  • Rear Head Curtain Airbag
  • Rear Parking Sensors
  • Rear View Camera
5.0

Crash Test Rating

Provided by the National Highway Traffic Safety Administration
Frontal Crash
5.0
Side Barrier
5.0
Rollover Rating
5.0
Side Crash
5.0

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See Details
Price
$14,721
$12,649
$13,071
$13,027
KBB.com Rating
4.7
4.4
4.7
4.7
Consumer Rating
4.6
4.2
4.4
4.6
Fuel Economy
City 19/Hwy 27/Comb 22 MPG
City 27/Hwy 34/Comb 30 MPG
City 26/Hwy 35/Comb 30 MPG
City 22/Hwy 30/Comb 25 MPG
Fuel Type
Gas
Gas
Gas
Gas
Safety Rating
5.0
N/A
5.0
5.0
Seating Capacity4454
Basic Warranty
3 years or 36000 miles
5 years or 60000 miles
3 years or 36000 miles
3 years or 36000 miles
Horsepower
300 @ 6500 RPM
147 @ 6200 RPM
185 @ 6400 RPM
200 @ 7000 RPM
Engine
V6, 3.7 Liter
4-Cyl, 2.0 Liter
4-Cyl, i-VTEC, 2.4 Liter
4-Cyl, 2.0 Liter
Drivetrain
RWD
FWD
FWD
RWD
Compare More

2016 Ford Mustang Rankings

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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 $14,721 for the V6 Convertible 2D to $35,436 for the Shelby GT350 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 V6 Convertible 2D, with a Kelley Blue Book Fair Purchase Price of $14,721.

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.

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