This Shelby GT 500 was originally completed in late April 1967 and was shipped to Abingdon Motors in Abingdon, Virginia on May 16, 1967. This car was first purchased by Mr. James Estepp in November of the same year. The ownership history is documented through the Shelby American Registry, and its odometer registers less than 47,000 miles.

This Dark Blue Fastback was restored approximately two years ago and is presented in a befitting manner with a black knitted décor group interior. This example is equipped with the 428-cid, 355-hp V-8 engine and floor-shift four-speed manual transmission, along with other desirable features such as power steering, power brakes, under-dash ammeter and oil pressure gauges, fold-down rear seat, courtesy light group and an AM radio. The LeMans stripes are distinctive in white and the overall presentation is enhanced by factory Shelby 10-spoke alloy wheels (also utilized for the spare) and center-mounted lights. The engine compartment is correctly detailed and the platform is presented in an extremely desirable configuration. Its appearance in this sale presents an opportunity not to be missed.

When Ford decided to make a serious performance Mustang, they went to Carroll Shelby, whose Ford-engined Cobras were setting the world on fire. They sent Shelby a white 1965 Fastback, without rear seats or hood. He worked his magic with the 289 engine, coaxing it to 306 horsepower, and put on a fiberglass hood with a functional scoop. A blue stripe was applied to lower side, with bold “GT 350” aft of the front wheel opening. A more ambitious program began in 1966. GT 350s became available in red, green, blue and black. During the year, hoods were changed to steel because the fiberglass was proving troublesome.

Nineteen sixty-seven brought a mildly re-contoured Mustang body. Shelby took out the grille, and put a pair of high beam lights in the cavity. Taillights were replaced by rectangular units, and air scoops were punched into the side coves, ahead of the rear wheels. But the big news was the GT 500, with the 428-cubic inch engine used in that year’s Shelby Cobra. With 10.5 to 1 compression and a Holley four-barrel it made 355-hp. A four-speed manual was standard, but the C-6 automatic could be ordered. It proved more popular than the GT 350, with 2,050 built. Shelby Automotive, however, had outgrown their California plant. At the end of the 1967 production year, the final assembly operation was moved to Michigan.