Want to get your hands on the very first production 2024 Ford Mustang? Be prepared to pay. VIN 001 is set to be auctioned off at Barrett-Jackson's Scottsdale event later this month, with 100 percent of the proceeds going to charity.

The very first production Mustang will come in GT trim. That means a 5.0-liter naturally aspirated V-8 making up to 486 hp and 415 lb-ft of torque. Exact specifications are unknown right now because the car hasn't been built yet. Barrett-Jackson says the car it plans to show crossing the auction block will be "representative of the actual vehicle the winning bidder will receive." It's unclear whether the buyer will be able to customize their car's build, but either way, we're hoping VIN 001 gets a stick shift.

All proceeds generated from the January 28 auction will go to the Juvenile Diabetes Foundation. No price estimates have been released, but expect the first 2024 Mustang to bring in big money. In the past, notable production Mustangs have regularly sold at auction for large sums of cash. Just a few months ago Barrett-Jackson sold a Mustang Shelby GT500 Heritage Edition for over $1 million, also for charity.

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2023-01-04T14:10:14Z dg43tfdfdgfd