Sold For: $119,200 Questions

1968 Shelby GT500 Convertible

428ci V8 - 3 Spd Automatic - Pwr Top - Extra Cooling Package - Competition Handling Package

Lot # 8592
Location Fenton, MO 63026
Seller Dealer
428ci V8
3 Speed Automatic
Candy Apple Red
Sold For: $119,200 Questions

The Shelby Mustang is a high-performance variant of Ford’s production Mustang and was built by Shelby American from 1965 to 1968.

Ford Motor Company produced the Shelby version in 1969 and 1970. In 1967, a GT 500 was added to the Shelby lineup powered by Ford’s 428 cubic-inch FE Series engine outfitted with dual-four barrel carbs sitting atop a medium-rise aluminum intake manifold.

In September, 1966, when Ford started shipping the ’67 Mustangs to SAI for conversion, Shelby was having financial and production problems (quality) forcing Ford to take control over engineering and purchasing. A company in Ionia, Michigan, the A.O. Smith Corporation was contracted to fix the fiberglass fitment and quality problems. Six months later, in May 1967, the decision was made to terminate the California-based Shelby operation. In August, 1967 Ford moved its small engineering staff and left-over Mustangs to A.O. Smith Corporation that had a multi-level production facility in Ionia.

The 1968 Shelby Mustangs were only built for 9 months. All the Mustangs destined for Shelby conversion were produced at Ford’s Metuchen assembly plant in New Jersey. The cars were shipped by rail to A.O. Smith. The “”knockdown”” Mustangs were shipped in running condition, some had stock Mustang hoods and some had fiberglass. The cars were shipped without front grille assemblies, taillights and valences. All the cars had steel wheels.

Once unloaded all cars had the fluids checked, inspected for mechanical and cosmetic defects. After inspection the cars were taken to the production area where they would pass through various ‘stations’ during the moving assembly process.
Workers first disconnected the battery then removed seats, carpets and interior trim panels. All the cars had a roll bar welded in and the rear taillight panels were modified to accept the new sequential lights. A/C cars were prepared to receive special oil coolers. Under the hood, stock air cleaners were removed and set aside.

The oil pressure wiring was modified for the Stewart Warner gauges. Cobra valve covers were installed and in the front special bumper extensions were added. New fiberglass headlight buckets, valences and hoods were also added. In the rear, fiberglass decklids and end caps were installed. Side scoops were added and fastback cars also received upper air extractors. Each car was assigned a special serial number with a special VIN plate attached. Early cars received Marchal fog lights with later cars having Lucas lights.

New Shelby Cobra seat belts were installed along with a unique center console. Under the dash, new flasher assemblies had to be installed to make the taillights flash correctly. Interior panels were now reassembled. Every car received a set of rocker panel stripes. These stripes came in three colors: black, white and blue. Each set matched an exterior color and model designation.

In the beginning there were GT 350s and 500s. In May ’68 the new Shelby GT500KR started being produced. Only 1,571 were made in May, June and July. Fiberglass parts were painted to match the original Mustang colors. Seven exterior colors were available with two different interior colors. Heat lamps were used in the drying process.

During final inspection all codes and body tolerances were checked. Decals, owners manuals and a front license plate bracket were put in their proper place. A box of new hubcaps (4) and radio antenna were placed in the trunk of each car. These were installed at the dealer during prep. Only a handful of cars left the factory with the optional ten spoke alloy wheels. The conversion process at A.O. Smith Corp. continued into the fall of 1968. During those nine months A.O. Smith also produced the Mercury Cougar XR-7G.

In the summer of 1969 the agreement between Carroll Shelby and Ford Motor Company was terminated.

1968 Shelby GT500 Convertible and only one of 402 produced for 1968 and comes with a framed Elite Marti Report! This Rare Shelby was ordered new from Larsen Ford Inc. in White Plains New York on 08/07/1967. There was 4,451 1968 Shelby’s produced and 1,423 were GT-500s. Of that only 402 GT-500 convertibles were produced. This Shelby (#00255) was scheduled to be built on 12/08/1967 but was actually built and released on 11/27/1967.

This GT-500 has the following features:
– 428-4V Police interceptor 360hp
– C-6 Select Shift Automatic Transmission
– Power Disc Brakes
– Power Steering
– Shoulder Harness
– Power Top
– Extra Cooling Package
– Competition Handling Package
– Oil Pressure Gauge
– Ammeter
– Deluxe Interior
– Deluxe Steering Wheel
– Luxury Bucket Seats
– Remote Control Outside Mirror
– Tachometer
– Trip Odometer
– Am Radio
– Wheel Lip Moldings
– Visibility Group
– Interior Decor Group

This is a older restoration that still shows extremely well and everything on the car works except the factory clock. The car runs and drive fantastic and is sitting on the correct new 15 x E70 Goodyear Speedway 350 Large RWL Tires. The paint is nice with a deep shine and mirror like reflection. There are a few small chips that were touched up from being driven. The chrome, trim and bright work are nice on the car and are showing just a few small imperfections.


1968 Shelby GT500


1968 Shelby GT500


1968 Shelby GT500


1968 Shelby GT500

Instant Shipping Quote
ASAP Transport Solutions

Get this vehicle shipped to your driveway. Enter your destination zip code below:

Finance this Vehicle
Collector Car Lending Solutions

Financing is available for all auction vehicles!

More Info
Sell with ACC

- Set your own reserve
- Go Live in DAYS
- Keep 100% of the Sale Price

This Auction Has Ended
Ended On: 05/22/2024 at 3:10 pm EDT


Result: Sold for $119,200
Please Login or Create an Account to bid.

Item condition: New

Bidding History

Auction has expired

Highest bidder was: r************l

Bidder Name Bidding Time Bid Auto
s******2 05/22/2024 3:07 pm EDT $119,300
r************l 05/22/2024 3:05 pm EDT $119,200
s******2 05/22/2024 3:03 pm EDT $119,001
r************l 05/22/2024 3:00 pm EDT $118,800
s******2 05/22/2024 2:59 pm EDT $118,500
r************l 05/22/2024 12:11 pm EDT $118,000
r***1 05/20/2024 9:14 am EDT $116,200
g************s 05/18/2024 3:29 pm EDT $110,000
a**********s 05/18/2024 1:53 pm EDT $105,500
r***1 05/17/2024 2:16 pm EDT $105,000
r***1 05/17/2024 12:25 pm EDT $85,200
a**********s 05/17/2024 10:58 am EDT $44,000
a**********s 05/15/2024 12:06 pm EDT $41,000
o***e 05/15/2024 10:28 am EDT $30,000
Auction started 05/15/2024 12:00 am EDT
  • ACC Auctions says:

    The seller notes:

    The Shelby has been professionally Ceramic coated with two coats of ceramic.

  • groganclassics says:

    Is the engine numbers matching

  • >