Ford Mustang: S197, S550 and S650 generations, engines and trims
The Ford Mustang is a legendary American sports car that has been in production since 1964 and officially sold in Europe since 2015. We look at what sets the S197, S550 and S650 generations apart, which engines and trims are most commonly found, and what you need to check, as a significant number of Mustangs sold in Lithuania are imported from the USA.
Mustang in brief
The Mustang is a rear-wheel-drive four-seater available as a coupé (fastback) and convertible. For a long time, it was intended solely for the North American market, so older models found in Europe are often imported from the USA. From the sixth generation (S550), the Mustang became a global model and started being officially sold in Europe as well.
Buyers choose the Mustang for its looks, the sound of the V8 engine, and its substantial power for a relatively affordable price. However, it's not the most practical daily driver: the rear seats are cramped, and the V8 engine consumes a lot of fuel.
The Mustang Mach-E is an entirely different, electric SUV that shares only its name with the classic Mustang. We won't cover it in this article.
Which generation to choose
The S197 (2005–2014) stands out with its retro design reminiscent of the 1970s Mustang and a simple rear suspension with a solid axle. The car was refreshed in 2010, and from 2011, it received new engines — the 3.7 V6 and 5.0 V8. This is the most affordable way to get a Mustang with a V8, but almost all such cars are imported from the USA, so their history is more important than their specification.
S550 (2015–2023) — the first Mustang with an independent rear suspension, a more modern interior and official sales in Europe. It's the most popular generation on the used market. 2018 models received a new front end, a more powerful V8, a 10-speed automatic transmission and the option to choose a digital instrument cluster.
S650 (from 2023) is technically similar to the S550 but features a completely new interior with large screens. In Europe, it is mostly sold with a V8 engine and is still rare and expensive on the used market.
Engines and transmissions
The S197 generation up to 2010 had 4.0 V6 and 4.6 V8 engines, later — 3.7 V6 (around 305 hp) and 5.0 V8 (around 412–420 hp). The most powerful was the Shelby GT500 with a supercharged V8.
The S550 generation in Europe offered two engines: a four-cylinder 2.3 EcoBoost turbo (317 hp, 290 hp after the update) and a 5.0 V8 (421 hp, 450 hp after the update). Special Bullitt and Mach 1 versions had around 460 hp. In the US market, up to 2017, there was also a 3.7 V6, and the power of US versions slightly differs from European ones.
In all generations, you can choose a 6-speed manual transmission. The S550 had a 6-speed automatic until 2017, and from 2018 — a 10-speed automatic transmission, which is also used in the S650 generation.
What to check when buying a used Mustang
If the car was imported from the USA, check its history via the VIN: auction photos, accidents, and potential flood damage. Inspect the gaps in the bodywork, painted parts, and the condition of the sunroofs, as rust or dampness under the carpets might indicate the car was submerged.
US-spec models differ from their European counterparts with headlights, infotainment settings, and other minor details, so they are often modified — ask what and how has been changed. Registering in Lithuania incurs an emissions tax, which is higher for large CO2-emitting V8 cars.
This is a powerful car, so assess the condition of the tyres, brakes, clutch, and suspension, as well as wheel alignment. Heavily worn rear tyres or overheated brakes can indicate spirited driving. The automatic gearbox should shift smoothly, without any jolts.
Trims and versions
Mustang trims are usually designated by the engine and special editions, with equipment varying by market and year; we list the most commonly encountered versions.
V6
S197 generationThe most affordable S197 generation variant with a six-cylinder engine.
- 4.0 or 3.7 V6 engine
- Often — simpler equipment and smaller wheels
- Lower running costs than a V8
EcoBoost
S550 generationFour-cylinder turbo version for those prioritising looks.
- 2.3 EcoBoost turbo engine
- Lower fuel consumption than a V8
- Often — 18–19-inch wheels
GT
S197, S550 and S650 generationsThe most popular version with the 5.0 V8 engine.
- 5.0 V8 engine
- Often — Brembo brakes (S550 and S650)
- Often — active exhaust system with adjustable sound
Premium
S197 and S550 generations (US market)More generously equipped US market variant, common among imported cars.
- Single-tone interior trim
- Better sound system
- Often — heated and ventilated seats
Bullitt
S550 generationLimited edition version, dedicated to the movie of the same name.
- 5.0 V8, around 460 hp
- Only manual transmission with a ball-shift shifter
- Mostly dark green or black in colour
Mach 1
S550 generationThe sportiest S550 version officially sold in Europe.
- 5.0 V8, around 460 hp
- Enhanced cooling system and suspension
- Some parts borrowed from Shelby versions
Comparison of the sixth-generation (S550) models
| EcoBoost | GT | Bullitt | Mach 1 | |
|---|---|---|---|---|
| Who it's for | Stylish and more budget-friendly | V8 power and sound | For collectors | For sporty driving |
| Engine | 2.3 EcoBoost, 290–317 hp | 5.0 V8, 421–450 hp | 5.0 V8, around 460 hp | 5.0 V8, around 460 hp |
| Gearbox | Manual or automatic | Manual or automatic | Manual only | Manual or automatic |
| Wheels (most common) | 18–19 col. | 19 col. | 19 col. | 19 col. |
| Relative price in the used market | Budget-friendly | Mid-range | Premium | Premium |
For most buyers, the logical choice is the refreshed (2018–2023) GT with the V8 engine. EcoBoost is ideal if looks and lower running costs are key, while Bullitt and Mach 1 are rarer versions for enthusiasts.
Pros
- Charismatic styling and V8 engine note
- Plenty of power for the price
- From the S550 generation onwards — officially sold in Europe
- Lots of aftermarket parts and tuning potential
Cons
- High fuel consumption and expensive insurance
- Many imports from the US with accident histories
- Cramped rear seats, limited practicality
Frequently asked questions
Which Mustang is the best used buy?
For many buyers, the best choice is the 2018–2023 S550 generation GT with the 5.0 V8: it's more powerful than its predecessors, has a more modern gearbox, and an independent rear suspension. The European version is simpler to register and maintain than one imported from the USA.
Is it worth buying a Mustang from the USA?
Such cars are often cheaper, but a significant number have been in accidents or floods. Before buying, check the history via the VIN, auction photos, and body geometry, and also assess the costs of fitting headlights and other parts.
Is the Mustang with the 2.3 EcoBoost engine worth considering?
Yes, if looks and lower running costs are most important: the body and chassis are the same, and the car uses less fuel. However, it lacks the V8 sound that many choose a Mustang for, so used EcoBoost models are often cheaper.
How much fuel does the Mustang V8 use?
It depends on your driving style, but in mixed driving it's often around 12–15 l/100 km, more in the city. The EcoBoost version usually uses a few litres less.
Updated 2026-10-09 · Trim levels and equipment vary by market and model year — check the equipment of the specific car. · Translated automatically





























