Ford has taken a huge step towards building a four-door version of the Mustang, with Blue Oval executives showing dealers a prototype of the sedan during a private conference in Las Vegas, according to a report.

The images shown to the dealers last week have not been publicly revealed, with rigorous security surrounding the event, but those in attendance said the four-door’s dimensions and styling are similar to that of the Porsche Panamera, according to Automotive News. If those impressions are correct, Ford would need to make serious changes, as the Panamera is 241mm longer than the Mustang coupe.

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Executives told the dealers that the four-door would start selling from less than $56,600 (US$40,000), pack more back-seat room than the Porsche, and nail the 0-97km/h dash in less than four seconds. No timeframe was given for the launch, and no name was attached to the hotly anticipated project, but the company has trademarked ‘Mach-4’. And First On Race Day fans hoping for details around the platform and powertrains have been given nothing to go on.

The first Mustang sedan in history has been the subject of speculation and anticipation for years, with Ford releasing official design sketches as early as 2022. Two years later, in an interview with Autocar, CEO Jim Farley said, “Could we do other Mustang body forms, a four-door or whatever? I believe we could.”

In July, Ford’s head of the internal combustion and hybrid vehicle business units, Andrew Frick, singled out the Mustang when he was asked about the potential for a new sedan for the brand. When it came to Farley’s comments, he said, “We have a really great Mustang that people consider a car. We look to expand on the Mustang family as we move forward.”

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However, Frick also warned that the company would need to carefully balance development and production costs for a four-door ’Stang due to the drop in the size of the sedan market and the huge popularity of SUVs.

In 2022, WhichCar reacted to Ford showing off those official design sketches by running a render by artist Theottle of what one might look like, speculating that it could become a replacement for the Falcon XR8 that “tragically bit the dust in 2016”.

Now the Mustang sedan would be a rival to the four-door Dodge Charger, not to mention the upcoming Camaro, with fresh reports claiming the Chevrolet will come in sedan form for the first time in its history.