1968 Shelby GT 500

Sold For $159,500

Inclusive of applicable buyer's fee.

RM | Auctions - AUBURN SPRING 5 - 7 MAY 2016

  • 428-cid, 360-hp V-8 engine
  • C6 automatic transmission
  • One of 1,140 GT 500 Fastbacks produced in 1968
  • Restored in 2003
  • Properly maintained - kept in climate controlled garage
  • 10 Spoke aluminum wheels
  • Power steering & brakes
  • Tilt steering wheel
  • AM/FM radio
  • Marti Report
  • Signed dash with Shelby Certificate of Authenticity

Carroll Shelby is a name synonymous with performance. In 1964 Shelby began working with Ford to develop a performance version of their highly successful Mustang to compete in SCCA road racing. The result was the creation of the 1965 Shelby GT 350. The car featured a modified version of the standard K-code engine, increasing the horsepower from 271-hp to 306-hp. While initially not built for comfort in 1965, Shelby rectified this with the 1966 model year GT 350, offering customers a more comfortable interior as well as an optional automatic transmission.

In 1967 Shelby went through the first redesign of their Shelby line of Mustangs, during which time they added the GT 500 to their lineup. The GT 500 gave car buyers a new option featuring a larger 428-cid engine. Like the first iteration of the Shelby, the new GT 500 offered buyers increased performance which was evident in the 6.5 second 0- to 60-mph time. The 1968 GT 500 also offered added comfort to customers which included a console with a padded arm rest and Stewart-Warner oil pressure and amp gauges mounted below the radio. Additionally, the interior featured an integrated rollcage.

Major changes between the 1967 and 1968 Shelby GT 500s included a redesigned front end which included a new fiberglass hood featuring a large scoop that ran across the width of the hood. Louvers were added to the back of the hood at each corner to aid in heat dissipation. The grille of the car was made larger which allowed for the mounting of a pair of driving lights. The rear of the car was revamped too, now utilizing 1965 Thunderbird sequential taillights. This change significantly differentiated the Shelby from the standard Mustang.

This 1968 Shelby GT 500 is powered by a 428-cid, 360-hp V-8 engine mated to a C6 three-speed automatic transmission. The car was professionally restored in 2003, to its current black-on-black exterior and interior appearance. The car features an impressive list of factory options including 10-spoke aluminum wheels, Lucas foglights, tilt-away column, wood steering wheel, AM/FM radio, shoulder harness and a fold-down rear seat. Driver aides on the car include power steering and brakes. In the trunk the car retains the correct space-saver spare tire with jack, hold down and inflator bottle. The car comes with a Marti Report, Certificate of Authenticity from Shelby, and a 1968 Shelby Cobra GT 350/500 owner’s manual.

The car was built on December 12, 1967. According to the data tags the car’s paint code is I, which signifies the car was originally Lime Green Metallic. The interior code specifies 6A, which represents black décor bucket seats. According to the Marti Report, when the car was ordered new it featured the following optional extras: cooling package, visibility group, wheel lip moldings, sport deck rear seat, power steering, power front disc brakes, tilt-away steering column, AM radio, interior decor group, tachometer and trip odometer.

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