* Unitary Body Structure: Unlike previous generations which used a body-on-frame construction, the SN-95 platform (as it's known) utilized a unibody design. This made it lighter, stiffer, and improved handling.
* Revised Styling: The styling was a more rounded and aerodynamic departure from the boxier fourth generation. It aimed for a more modern, less aggressive look, though it still retained some of the classic Mustang cues. Later in its run, it received a mild facelift which sharpened some of the styling lines.
* Independent Rear Suspension: While earlier Mustangs used a live rear axle, the fifth generation adopted an independent rear suspension (IRS) for better handling and ride comfort, especially at higher speeds. This was a significant improvement in terms of handling dynamics.
* Engine Options: A variety of V6 and V8 engines were available throughout its production run. The V8 options ranged in power, with performance-focused versions offering considerable power.
* Improved Interior: The interior featured a more modern design and improved ergonomics compared to previous generations. Materials quality was generally improved as well, though still not considered top-tier for its class.
* GT and Cobra Variants: High-performance variants like the GT and Cobra offered more powerful engines, performance-tuned suspension, and other enhancements. The Cobra models, in particular, were highly regarded for their performance capabilities.
* Convertible Option: A convertible version was offered throughout the generation's lifespan.
* Focus on Cost Reduction: Ford aimed for cost efficiency in the SN-95 platform, resulting in some compromises in perceived quality compared to other sporty coupes of the time.
Overall, the fifth-generation Mustang represented a significant evolution for the nameplate, improving its handling, ride quality, and efficiency while still offering a range of engine options to suit different tastes. However, it also faced criticism for its styling, particularly in its early years, and its materials quality.