2003 Mustang Overview
Ford made plenty of changes to the Mustang lineup in 2003. New colors called Dark Shadow Grey and Redfire were added to the options list to replace Mineral Grey and Laser Tint Red. The base model got the 1999 and 2001 Cobra hood. A new model called the Pony Edition was added to the lineup. It included the GT hood scoop, "Stampeding Pony" graphics, polished 16 inch wheels, and black inserts in the bumpers.
Ford also resurrected the venerable Mach 1 moniker for 2003. This limited-edition model had a number of unique enhancements. The Mach 1 got a new 4.6L DOHC V8 which produced 305 horsepower. This motor got air from a functional "Shaker" hood scoop. It also sported a flat black stripe that ran down the hood, black "Mach 1" side stripes, a black spoiler, and rolled exhaust tips. The seats were made from Comfort Weave like the originals. New Magnum 500 wheels were the only wheel offered on the Mach 1. A Mach could be had in Dark Shadow Grey, Torch Red, Black, Zinc Yellow, Oxford White, and Azure Blue, the latter of which was exclusive to the Mach 1.
The Cobra returned for 2003 with a vengeance. It now produced (an underrated) 390 horsepower from a supercharged 4.6L DOHC V8. Other changes include new front and rear bumpers, GT side scoops, and a new decklid spoiler. A new manual transmission, the 6-speed Tremec T56, was the only offering. This is the same transmission used in other high-performance cars such as the Z06 and Viper.
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