The New Balance 2040v5 Made in USA Grey is the newest chapter in one of New Balance‘s most premium running lines, arriving in a Grey and Blue makeup with a $400 price tag.
New Balance built its reputation in Boston, making arch supports as far back as 1906 before growing into one of the most respected names in running. The Made in USA program is the brand’s showcase for that heritage, a domestic manufacturing effort that helped models like the 990 become shorthand for quality. The 2040 line sits near the top of that pyramid, a lifestyle-leaning flagship that carries the brand’s most advanced cushioning and its most careful construction.
The v5 continues that story. The Grey and Blue palette keeps things understated, which is fitting for a shoe that sells on materials and build rather than flash.
To me that $400 number is the real headline. It signals how confident New Balance has become in charging luxury prices for domestically made product, and it lands at a moment when the brand’s cultural stock has rarely been higher. A four-figure-adjacent lifestyle runner would have been a hard sell a decade ago. Now it reads as a statement of where New Balance believes it sits in the market.
Browse more drops on our releases feed.
Release details: $400. August 20, 2026. Style code U2040509.
Where to buy: New Balance and select retailers.
