Ford has rolled out a host of new Mustang and Mustang-based models for 2007, including the GT California Special, Shelby GT/GT-H, and Shelby GT500. An auxiliary audio input jack is standard on all models, and Sirius Satellite Radio and a DVD-based navigation system are now optional.

The Mustang has been a part of the American motoring lexicon for over four decades. When it first debuted in 1964, the Mustang spawned a new class of cars called pony cars—a segment Mustang has led ever since, and that Chrysler and GM are planning to re-enter with the upcoming 2008 Dodge Challenger and 2009 Chevrolet Camaro. Like the original Mustang, the 2007 model is a rear-wheel-drive 2-door coupe with a choice of six-cylinder or V-8 engine, the latter known as the Mustang GT. For 2007, the GT lineup adds the GT California Special (which, despite its name, is available in all 50 states). It features unique exterior styling, a lowered suspension, California Special tape stripes, and a black leather interior with contrasting inserts.