The Mustang has only two true competitors, the Chevrolet Camaro and the Pontiac Firebird. Like the two GM pony cars, the Ford Mustang comes in many guises. There are V6 and V8 versions in both coupe and convertible body styles along with the Cobra, the super-performance model that competes against the Camaro SS and the Firebird Ram Air. There are Japanese and Korean coupes that compete with Mustang on price, but they don't offer pony car performance.