Model year 2002 is characterized by a raft of minor changes for the Mustang and Mustang GT models. The big news is the addition of a brand-new SVT Cobra coupe and convertible with an amazing 70 horsepower and 70 foot-pounds of torque more than the previous Cobra.

Mustang buyers can now choose among the base V6 coupe ($17,305) or V6 convertible ($22,745), the V8 GT coupe ($22,965) or GT convertible ($27,220), the SVT Cobra coupe ($34,995) or SVT Cobra convertible ($36,995).

Mustang base models offer a choice of three packages: Standard, Deluxe ($605), or Premium ($1720). GT and Convertible models are packaged as Deluxe or Premium ($2585). Cobras come with the kitchen sink. In the base, GT and SVT Cobra models, there's quite a bit of new equipment for 2002.

Audiophiles have the option of a new, speed-sensitive, Mach 1000 audio system with a six-disc in-dash CD changer. The Mach 1000 system, an upgrade of the previous Mach 460 stereo in the Mustang, delivers 570 watts RMS (1,140 watts peak power) with a 60-watt parametrically equalized amplifier, six 85-watt subwoofer amplifiers, four subwoofer speakers, four midrange tweeters and two 10-inch, trunk-mounted, acoustic suspension subwoofer enclosures. The 2002 Mustang also is available with an MP3 CD-player.

There's more. The popular V6 Mustang adds standard 16-inch bright aluminum wheels with exposed lugs. There's a new, updated Sport Appearance Group for V6 models, an overhead storage net in the headliner on coupe models, new four-way head restraints, optional Nudo leather seating surfaces, and two new colors added: Satin Silver Clearcoat Metallic, and Torch Red.

Standard equipment on all Mustangs includes air conditioning, power windows and door locks, tilt-steering column, a floor console, remote keyless entry system and interval windshield wipers. Reclining cloth front bucket seats are standard, as are 50/50 split-folding rear seatbacks on coupe models. A six-way power driver's seat is available, as are leather-trimmed bucket seats.

Convertibles feature a power top with a scratch-resistant glass rear window. A black semi-hard boot protects the top and provides a slick top-down appearance.