First All-new, 7th Generation 2024 Ford Mustang GT Auctioned for $565,000 to Help Fight Diabetes

In addition to joining the ranks of more recent treasured ponies like the Mustang Shelby GT500, Mustang Mach 1 and Mustang Bullitt, this represents the third generation of VIN 001 Mustang vehicles was auctioned off at Barrett-Jackson for charitable purposes.

The all-new, seventh-generation 2024 Mustang GT with VIN 001 was auctioned off on Jan. 28 in Barrett-Jackson’s annual auction in Scottsdale, Arizona.

VIN001 2024 Ford Mustang sold for a whopping price of $490,000 ($565,000 including additional donations)!

Winner will get to choose the configuration of their Mustang GT, with its available 486-horsepower 5.0-liter Coyote V8 – the most powerful Mustang GT ever – and multiple performance and customization options.

Inside and out, the Mustang GT features eye-catching design, from a contemporary appearance, that nods to the 1960s original to a driver-centric digital cockpit that features two large customizable digital displays with real-time rendered 3D graphics.

All sales proceeds will benefit JDRF, the leading global type 1 diabetes (T1D) research and advocacy organization, whose mission is to improve lives today and tomorrow by accelerating life-changing breakthroughs to cure, prevent and treat T1D and its complications. 

Rear of Ford’s 7th Generation 2024 Mustang

“Ford has a long tradition of supporting charities through the Barrett-Jackson auction, and we’re proud to offer the all-new Mustang GT to support worthy causes like juvenile diabetes research,” said Mustang Marketing Manager Jim Owens.

The 2024 Ford Mustang will arrive this coming summer, but until then, build and order your 2023 Mustang while you can. Preproduction models shown with optional equipment. Available Summer 2023.