Ford’s recent announcement cancelling its raucous-running pony car was met with disappointment by some, no doubt, but a new Mustang model just might do in a pinch. The Mustang Mach 1 (a name first applied to 1960s-era models) that launches for 2021 has a 5.0-liter V-8 with 20 more ponies than the standard 460-horsepower GT. The GT350’s 5.2-liter V-8 makes 526. That’s a sizeable disparity but, like the GT350, the Mach 1 is equipped with a six-speed manual transmission (a 10-speed automatic is optional) and the Mach 1’s suspension and other components come from the GT350. Best of all, Mach 1 pricing starts at $52,900 — way below the low-$60,000 price tag for the GT350 — and the reservation book is now open.

The Mustang Mach 1 should not be seen as a replacement for the GT350, but rather a bridge between it and the base V-8-powered GT.

Say good bye to the Mustang Shelby GT350, and hello to the Mach 1: