2001 Ford MUSTANG-V8-5 Spd./AT

Coupe 2D Bullitt GT

Compare to Other Cars

Expert Reviews

 Read unbiased reviews by auto experts and the NADAguides Test Drive Team
2001 Ford Mustang
Jim McCraw

The Ford Mustang has remained true to the traits that made an instant classic of the 1964-1/2 original, even as it is entering the third year of its fifth generation. It's still relatively big for a sporty car, with plenty of available options, and small-block V8 power.

With the latter, there's plenty of torque. The engine sounds great at full song, urging you to keep your foot in it, yet it burbles along when cruising, attracting lots of attention from those around you. Excellent handling response keeps you involved.

But no matter the model, the Mustang boasts distinctive styling. It won't be mistaken for anything else. It makes a statement. The Mustang has only two true competitors, the Chevrolet Camaro and the Pontiac Firebird. There are imported coupes that compete with the Mustang on price, but they don't offer the same V8 pony car experience.

Model Lineup
An abundance of choice was part of the original Mustang recipe and today's Mustang carries on that tradition. Today's Mustang comes with V6 and V8 power, each in coupe and convertible body styles. Each of these four variants is available in Deluxe or Premium trim. For 2001, the Ford has added a value-leader V6 coupe in Standard ($16,805) trim. That makes nine different price points, and we haven't even mentioned the super high-performance Cobra; the Cobra is again offered in coupe and convertible styles, in one trim level.

The Mustang V6 is a 3.8-lliter overhead-valve unit producing 190 horsepower. The 4.6-liter overhead-cam V8 produces 260 horsepower, and Mustangs that have it are called GTs. The Cobra, which competes against the Camaro SS and the Firebird Ram Air, is powered by a 32-valve dual overhead-cam V8 making 320 horsepower.

With most of these variants, you have the further choice of a five-speed manual or four-speed automatic transmission. Exceptions are the premium V6 convertible, which comes with the automatic only; and the Cobras, which require the five-speed.

The current Mustang design, which dates from 1999, picks up several important styling cues from the 1964-66 original, but executes them in today's rounder, more organic idiom. The rear fender air intake, for example, has sharp corners and pronounced lines; but the rocker panels curve out, and the fenders have pronounced front and rear wheel well arches. The front end features wraparound complex reflector headlamps with integrated side marker lamps, combined with a square-edged honeycomb grille and a chrome pony. Tricolor front fender badges recall the good old days, as does the prominent but non-functional hood scoop.

For 2001, GT models get unique hood and side-scoop treatments, along with fog lights and a rear spoiler.

The Mustang's arched roofline is pretty modern, but around back it's 1965 again with vertical, three-element taillamps. Wheels are available in 15-, 16- or 17-inch sizes, depending on model, but each features a flat-spoke design to complement the sharp corners of the body shell.

The current-generation Mustang has better seats than ever before, with longer travel, and seatbelts are attached to the seat frames so they move with them. All models feature reclining bucket seats. Leather upholstery is standard in the Premium GT, optional in some other models. Running horses embossed on the upper portions of the seat backrests recall the deluxe "pony" interior of the mid-Sixties. The instrument panel, center console and headliner are color-keyed.

For 2001, Ford has redesigned the center console, repositioned the front cupholder, made the rear cupholder larger, while adding a tissue holder and a power outlet. An electric rear window defroster, previously optional, is now standard on all Mustangs.

The coupe interior is cozy, with enough seat-track length to accommodate tall drivers and just enough elbowroom to keep from feeling cramped. The Mustang's back seat is small, with only enough room for small objects or kids. The trunk is small with an even smaller opening. A split fold-down rear seat is standard on all models and handy for hauling cargo.

An 80-watt premium sound system with both CD and cassette capability comes standard on all models. Serious sound fans can opt for the 230-watt, 10-speaker Mach 460 system, which comes standard in Premium-trim Mustangs and Mustang GTs, and is a $550 option in Deluxe models. For 2001, it can be ordered with an in-dash, six-CD changer.

Driving Impressions
Performance is what the Mustang GT is all about. Its 4.6-liter, sohc modular V8 produces 260 horsepower at 5250 rpm, with 302 pounds-feet of torque at 4000 rpm. And it sounds great, whether cruising or at full throttle. Last year, the GT engine benefited from revised camshafts and intake manifold runners, and larger valves for improved airflow above 3000 rpm. A new coil-on-plug ignition system replaced the previous ignition for higher-energy sparks.

Mustang's 3.8-liter split-port V6 engine develops 190 horsepower at 5250 rpm, with 220 foot-pounds of torque at 2750 rpm. All models, regardless of engine or transmission, have a 3.27:1 rear axle ratio.

The flexibility of both the V8 and V6 engines make them good mates for the transmissions, which have sufficient strength to take high-rpm shifts for the life of the car. Last year, the four-speed automatic was re-calibrated for smoother upshifts. Both transmissions shift smoothly. With the manual transmissions, it feels like you're shifting a big gearbox in a big car. Clutch travel is a bit long, so you have to be fleet of foot to pull off consistently clean power shifts.

Traction control, previously optional, is now standard on the Premium V6 and on all V8s. The Bosch system works at all speeds: Whenever wheelspin is detected, the system retards ignition timing, cuts fuel flow, and activates the brakes at one or both drive wheels, in that order. The driver can turn the system off with a console switch.

The Mustang offers good grip when cornering hard, and you can really feel what the car is doing. The car involves the driver. Most of the raw edges and choppiness of the previous generation have been smoothed out. The current-generation Mustang was engineered for improved rear-suspension compliance, with longer wheel travel, which reduces ride harshness. A revised boost curve gives the steering a more linear response and better on-center feel than in pre-1999 Mustangs. And the turning circle of this latest Mustang has been reduced by three feet through changes to the steering rack, the lower control arms and front stabilizer bars.

The braking system was re-engineered for 1999, also, with new aluminum twin-piston front calipers to reduce unsprung weight by a significant 10 pounds. The new calipers also contribute to greatly improved brake pedal feel, while the new master cylinder that arrived at the same time improved not only modulation but also the ratio of brake pedal travel to braking action. ABS, like traction control, is standard on Premium V6s and all V8s. It can be ordered as a $730 package with traction control on all other Mustangs except base-level, manual-transmission coupes. ABS helps the driver to maintain steering control under hard braking, a useful, though not necessarily advisable, feat in the Mustang.

The Camaro and Firebird are slightly more powerful than the Mustang GT. But the Mustang GT is quieter, rides better, and offers better interior ergonomics and quality than the Camaro and Firebird. The Mustang GT is also less expensive than either of the GM pony cars, by several thousand dollars. Both the Camaro and Firebird are slated for extinction in the near future, which will leave the Mustang as the only true pony you can buy. For now, however, the Mustang is merely the best.

Model as tested
Mustang GT Premium ($23,590)
Basic Warranty
3 years/36,000 miles
Assembled in
Dearborn, Michigan
Destination charge:
Gas guzzler tax:
Base Price
Price as tested
Options as tested
Model Line Overview
Model lineup
Coupe: Standard ($16,805), Deluxe ($17,370), Premium ($18,600), GT Deluxe ($22,440), GT Premium ($23,590), Cobra (NA)
Convertible: Deluxe ($22,220), Premium ($24,785), GT Deluxe ($26,695), GT Premium ($27,845), Cobra (NA)
Safety equipment (standard)
dual airbags standard; ABS, traction control on some models
Safety equipment (optional)
4.6-liter sohc 16v V8
5-speed manual
Specifications as Tested
(GT Premium) air conditioning; power steering; power brakes; power mirrors; tinted glass; passive anti-theft system; tilt wheel; cruise control; sport front bucket seats with leather seating surfaces; GT suspension package; 225/55ZR16 tires; cast aluminum wheels; Mach 460 AM/FM/cassette/CD sound system; remote keyless entry; rear spoiler; ABS; traction control; electric rear window defroster
Engine & Transmission
4.6-liter sohc 16v V8
Drivetrain type
rear-wheel drive
Horsepower (hp @ rpm)
260 @ 5250
EPA fuel economy, city/hwy
Torque (lb.-ft. @ rpm)
Brakes, front/rear
live axle
Suspension, front
Suspension, rear
live axle
Seating capacity
Head/hip/leg room, middle
Head/hip/leg room, front
Head/hip/leg room, rear
Fuel capacity
Trunk volume
Turning circle
Towing capacity
Track, front/rear
Ground clearance
Curb weight
Read more Read less

Search Used Car Listings

Searching Locally

Vehicle History Report

Get answers to buy with confidence.
  • Check for accidents
  • Confirm the reported mileage
  • Purchase multiple reports and save
© Copyright 2017 National Appraisal Guides, Inc., all rights reserved. National Appraisal Guides, Inc. is a strategic ally of
J.D. Power and Associates. © J.D. Power and Associates 2017, all rights reserved.