The aggressive exterior melds old and new and is the work of Hau Thai-Tang, director of Ford's Special Vehicle Team. Thai-Tang managed to evoke what many Mustang enthusiasts view as the cars best years — 1964 to 1970 — in a modern shape devoid of clichéd retro cues.
Whether in standard V6 spec or as an up-level GT with its thumping V8 engine, the car oozes cool. Convertible versions of both models are available, but this won't make it much easier to find new Mustangs lingering on dealer lots. Sales for this model are at their highest level in decades, and Ford is purposely keeping production in check to stoke demand. Even a stripped-down Mustang is a great car. A 4.0-liter V6 engine with 210 horsepower provides spirited acceleration and gives base models an image and performance boost — something the last generation sorely lacked. When equipped with a new-for-2006 "Pony Package," the V6 coupe is arguably the best bargain of the lineup, with its chrome bezel grill, fog lamps, rear spoiler, 17-inch painted cast aluminum wheels, anti-lock brakes, traction control and retro-inspired tape stripes along the bottom of the doors (available in black, white or gold).
The only other rear-wheel drive American coupe with a thunderous V8 is Pontiac's seductively subtle GTO. However, the GTO is pricier and often criticized for bland looks. So the new Mustang — a huge improvement on the model it replaces — is virtually unchallenged as the stylish, fast, fun and affordable all-American coupe.