‘Tis the season to be draped in yellow – you’ve seen the Dodge Charger SRT8 Super Bee and the Challenger SRT8 392 Yellow Jacket, and now, here’s the 2013 Ford Mustang Boss 302. The edition – and the Boss Laguna Seca – features a heritage-inspired School Bus Yellow paint job that honours Parnelli Jones’ 1970 Trans-Am championship car prepared by Bud Moore.

The Boss 302 also features a new, reflective hockey stick graphics package, which gets its first modern application on a production car, the company says. The reflective stripes – which follows the classic hockey stick motif by going over the fender and extending down the body panel – come to life when lights hit them, similar to how they did in 1970 on the Mustang Boss 302.

As for the Boss Laguna Seca, this one delivers race-ready suspension, aerodynamic details and a removed rear seat, and features new Sterling Gray accents and black paint offerings, complemented by hockey stick stripes and a grey interior rear cross-brace.

Grey is also to be found on the front grille, mirror caps and rear pedestal spoiler on this one, while Laguna Seca rear badging and unique two-tone gray and silver wheels round out the version’s exterior accents.

Compared to the base Mustang, the front end of the Boss offers a more powerful design with a more prominent grille, as well as a more powerful splitter and functional hood extractors. The car also gets new signature lighting, with standard HID headlamps and LED-surround taillamps.

Elsewhere, the grille features removable covers where fog lamps would be – for improved cooling on track days, the covers can be easily removed with a screwdriver. Additionally, the rear end features a high-gloss black panel that connects the taillamps, which have a smoked finish.

The 444 hp and 515 Nm Boss has a race-inspired clutch, with upgraded friction materials, and a short-throw, close-ratio six-speed manual. Power is delivered to a 3.73-ratio rear axle using carbon fibre plates in the LSD to improve handling and longevity, though an optional torque-sensing (Torsen) LSD is available, coupled with Recaro front seats.

The Boss also gets a revised suspension, with adjustable shocks and struts, higher-rate coil springs all around, stiffer suspension bushings and a larger-diameter rear stabiliser bar, and the Boss models are lowered by 11 mm in front and 1 mmm at the rear compared to the Mustang GT.

In line with the suspension upgrades, the Boss 302 wears lightweight 19-inch black alloy racing wheels in staggered widths, wrapped by Pirelli PZero 255/40 front and 285/35 rear rubbers. Four-piston Brembo calipers and 14-inch vented rotors up front and Boss-specific high-performance pads at the rear round off the items list.