2011 Ford Mustang GT - Click above for high-res image gallery

For those of you desperate to get your hands on Ford's new 5.0-liter Mustang GT, it just got a little easier. Pricing has dropped for the base model of the 412-horsepower pony car by $500 for the 2012 model year, edging back under the 30k mark to $29,995. In contrast, the Premium GT model sees a price increase of $200 while the Premium GT Convertible is $700 more than last year.

While the 2012 Mustang lineup carries over relatively unchanged, there are a few updates to keep the cars fresh. Ford will be offering a new color, Lava Red Metallic, available on both the exterior and interior, while Sterling Gray Metallic will no longer be available. Ford has also added a few minor features like a universal garage door opener and sun visors with a storage system and illuminated vanity mirrors, and the EPAS steering system will now also come with three modes - Comfort, Normal and Sport.

[Source: TheMustangSource.com, Edmunds]

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