UPDATE 02/11/2014: Be sure to check out our 2015 Mustang information pagecontaining up-to-date information on everything we know, and will update it as more information is released.

Not that we’re surprised, but the 2015 Ford Mustang is expected to be a lighter and smaller vehicle. With stringent fuel economy requirements and stiff competition, the easiest way to increase the miles per gallons (MPG) of a vehicle is to lose some pounds. Shrinking the vehicle’s overall size should also make it a better handling vehicle, along with the new-for-2015 independent rear suspension.

Edmunds is citing an “anonymous source” who claims that the 2015 Mustang will weigh approximately 400lbs less than the current model. The source also claimed that the new Mustang will be 15 inches shorter and 6.5 inches narrower. While some owners may think the current model is a bit large, the reduction in size is most likely to make the car more appealing to Europeans, where roads are smaller. The 2015 is expected to be a globally sold Mustang for Ford.

2015 Mustang Rendering

2015 Ford Mustang potential rendering courtesy of Mustangs Daily.

While official specifications have not been announced, the next-generation Mustang is going to be equipped with a fully-independent rear-suspension. Also, expect to see a V6 and V8 version. What may be different is a high-output EcoBoost 4-cylinder version. Currently, Ford produces 252hp in the Focus ST with a 2.0L engine. The Mustang will likely have a 2.3L EcoBoost variant. Churning that much power through the rear wheels on a smaller, lighter Mustang could easily turn the Mustang into a sports car that will outperform the Subaru BRZ, which is currently king of the small sports cars.

Rumors are also flying that suggest the Shelby GT500 is dead, and will be replaced with a Shelby GT350. The GT350 would make all of its power naturally, with the assistance of a supercharger or turbocharger. If Ford were to do that, they would lose the title of making the most power production V8 in the world. Since the Boss 302 has been discontinued as well, there is a gap for a track-focused Mustang. The GT350 could fill that gap nicely, providing lighter weight, better balance and more linear power delivery than what either the last Boss 302 or current Shelby GT500 could offer.

Expect the unveiling of the 2015 Mustang… sometime. Ford has already hinted that the new F-150 will be in Detroit in January, so the new Mustang would probably show up elsewhere. Surely, it is not soon enough!