We know what the immediate future for the Ford Mustang looks like—a new Shelby GT500 later this year, and not too long after, a hybrid version. But the long-term plan for the Mustang is a little murkier. Automobile reports that we haven't heard a whole lot about a new Mustang because it's actually quite far away. An anonymous source speaking to the magazine said that a truly all-new Mustang might not arrive until the 2026 model year, while another guessed that it might not be until 2028 or 2029.
In the interim, Ford will reportedly roll out a heavily revised version of the current S550-generation Mustang with new bodywork. The Mustang hybrid was supposed to arrive with this mid-cycle refresh in 2020, though Automobile says it's been delayed to early 2022 now.
According to Automobile, the next Mustang—which is codenamed S650—will ride on Ford's new rear-drive CD6 platform, which underpins the new Explorer and Lincoln Aviator. Since this is an SUV platform, the Mustang will likely grow in size, potentially coming closer to the dimensions of the current Dodge Challenger.