The 60s-style fastback coupe was the unanimous choice for "Best of the Year" by 15 judges both for its advanced engineering and affordability.
"Unanimously selecting the 2005 Ford Mustang as "Best of the Year" was about nostalgia for a time when American cars were the envy of the world," said John Davis, host of MotorWeek for 23 years. "The new Mustang embodies the looks, the total performance, and the quality for an amazingly affordable price that warrants the envy of the world."
The Porsche Carrera GT was chosen the Driver's Choice Best Dream Machine.
"This is the car we would spend our first lottery check on," said Davis.
MotorWeek has a potential audience of 60 million viewers and is seen weekly on 236 public broadcasting stations and SpeedChannel cable television.
2014: NFL Cheerleaders [PHOTOS]
ATM fees on the rise, again