Ford has announced that the first 2024 Ford Mustang GT will be auctioned off at Barrett-Jackson’s annual auction in Scottsdale, Arizona on January 28 with all proceeds benefitting JDRF. This marks the third generation of VIN 001 Mustang models that have been auctioned at Barrett-Jackson.

2024 Ford Mustang GT

All sales proceeds will benefit JDRF, a global type 1 diabetes (T1D) research and advocacy organization. The winner of the auction will get to specify their configuration of the 2024 Mustang GT.


The Mustang GT is powered by a 5.0-liter Coyote V8 with 486 horsepower and 418 pound-feet of torque, that can be mated to either a six-speed manual or 10-speed automatic transmission. The available Performance Pack adds Recaro seats and an active exhaust.

2024 Ford Mustang GT

“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. “This seventh generation is our most powerful Mustang GT yet, and the winning bidder will not only support a good cause but also become the owner of the first Mustang GT.”