FoMoCo has dropped the pricing info for the new 2010 Ford Mustang. Ford is quick to point out that rivals Chevrolet Camaro and Dodge Challenger start at prices ranging from $1,000 to $2,600 more than Mustang.

So what can you expect to pay for the new pony? The entry level V6 Mustang coupe start at $20,996 while the entry-level convertible starts at $25,995. The V8 powered 315-hp 2010 Mustang GT coupe and Mustang GT convertible start at $27,995 and $32,995 respectively. Of course if you want the 540-hp 5.4L V8 Supercharged 2010 Shelby GT500 coupe get ready to cash out $46,325. The 2010 GT500 convertible starts at $51,225.

The 2010 Ford Mustang will go on sale later this spring.

Source: eGMCarTech

Steven Landry, executive vice president for North America sales, broke the news to auto dealers during his monthly sales call yesterday. The price increase does not affect 2009 model vehicles that dealers have ordered already or those that are on dealership lots.

Chrysler also raised its shipping charge about $50 per vehicle. The news came as Chrysler Financial raised interest rates on floorplan loans that dealers obtain to finance their inventories of new vehicles.

The price increases come at an awkward time for Chrysler LLC dealers, who are coping with slumping sales, tight credit and high gasoline prices. Chrysler LLC sales dropped nearly 33 percent in September compared with the same period a year earlier.

Source: Automotive News