1967 Shelby/Ford Mustang Shelby GT500
Mustang · GT500 replaced GT350. 428 Police Interceptor engine. Convert... · Carroll Shelby's ultimate Mustang — 428 power in a legendary package
Collectible
Production & Overview
Total Production
2,048
Original MSRP
N/A
Assembly Plants
Shelby American, Los Angeles, CA (converted from Ford Mustang)
Wheelbase
108 inches
Body Styles
Fastback · Convertible (rare)
Curb Weight
3,286 lbs
Available Engines
428 Police Interceptor 428ci — V8
Ford 428 Police Interceptor — factory rated 355hp, actual output significantly higher. Dual Holley 4-barrel carburetors.
355 hp
Buyer Checklist
⚠ Clone warning: Non-matching loses 50-60%. Supercharged non-matching loses 75%+.. Always verify with cowl tag, engine stamp, and registry before purchase.
Verify Shelby data plate on dashboard — primary authentication
Order Marti Report for base Mustang verification
Check Shelby American Automobile Club (SAAC) registry
Verify Shelby-specific fiberglass hood — different from stock
Check Shelby side scoops and roll bar
Inspect unique Shelby 10-spoke aluminum wheels
Verify sequential turn signals in tail lights
Check engine for correct 428 PI configuration
Dual Holley setup — verify correct carburetors and intake
Road test: 428 with dual Holleys has aggressive power delivery
Known Problem Areas
Shelby data plate fraud — most common Shelby fraud
Standard Mustang Fastback converted to GT500 appearance
Non-original fiberglass hood
Shelby wheels replaced with reproductions
Sequential tail light mechanism failure
Engine swaps
What Drives Value
↑ Increases Value
Paxton supercharged car with documentation
SAAC documented matching numbers
Original Shelby fiberglass panels
Original 10-spoke wheels
Rare color like Dark Moss Green
↓ Decreases Value
Fake data plate
Converted Fastback
Non-matching engine
Reproduction fiberglass panels
Restoration Overview
Difficulty
High — Shelby-specific parts require specialist knowledge
Parts Availability
Fair — Shelby specific parts available through specialists
Driver Quality Cost
$80,000 – $150,000
Show Quality Cost
$180,000 – $350,000
Key Suppliers
Shelby American Automobile Club · National Parts Depot · Shelby parts specialists
Pop Culture & Legacy
Eleanor — the most famous movie car — is based on a modified GT500 (1967 Fastback used in Gone in 60 Seconds 2000)
Carroll Shelby's signature made these cars automotive royalty
Consistently among the most valuable Mustangs at auction
Other Shelby/Ford Mustang Shelby GT500 Years