2006 Ford Mustang V 4.6 MT Mustang GT Deluxe

It was Ford's most successful launch since the Model A.

Executive stylist John Najjar, who was a fan of the World War II P-51 Mustang fighter plane, suggested the name.

The Mustang created the "pony car" class of American automobile — sports car-like sedans with long hoods and short rear decks —and gave rise to competitors such as GM's Camaro, AMC's Javelin, and Chrysler's revamped Barracuda. It also inspired coupés such as the Toyota Celica and Ford Capri, which were exported to America.

Mustangs grew larger and heavier with each model year until, in response to the 1971-1973 models, fans of the original 1964 design wrote to Ford urging a return to its size and concept.

Although some other pony cars have seen a revival, the Mustang is the only original pony car that has remained in production without interruption after four decades of development and revision.

Conceived by Ford product manager Donald N. Frey and championed by Ford Division general manager Lee Iacocca, the Mustang prototype was a two-seat, front-mounted engine roadster. This would later be remodeled as a four-seat car penned by David Ash and John Oros in Ford's Lincoln–Mercury Division design studios, which produced the winning design in an intramural design contest instigated by Iacocca. To cut down the development cost and achieve a suggested retail price of US$2,368, the Mustang was based heavily on familiar yet simple components. Much of the chassis, suspension, and drivetrain components were derived from the Ford Falcon and Ford Fairlane (North American). Favorable publicity articles appeared in 2,600 newspapers the next morning, the day the car was "officially" revealed. A Mustang also appeared in the James Bond film Goldfinger in September 1964, the first time the car was used in a movie.