The very first 2024 Ford Mustang sold at auction for $490,000

It has become fairly common in the US for manufacturers to auction off the very first example of their new cars for charity, and the figures that said cars sell for are often eye-watering.

Take the latest example – this is VIN 001 of the new 2024 Ford Mustang GT, and it just sold at Barrett-Jackson’s Scottsdale auction for $490,000. That’s quite the donation from the winning bidder. 

The money will go to JDRF (Juvenile Diabetes Research Foundation) and we’re told that during the auction an extra $75,000 was donated by two further philanthropists, meaning the final total stands at $565,000.

You can click these blue words to read more about what the winning bidder is getting, but essentially it’s 473bhp of Coyote V8 and a pretty traditional Mustang recipe wrapped around it.

Thoughts on the price, folks?