Mustang Blog - Ford Mustang News

At this year's Barrett-Jackson Auction in Scottsdale, AZ, one lucky bidder shelled out $600,000 plus an 8 percent auction fee to secure the right to purchase the first Shelby GT500 offered for public sale.

The successful bidder will receive the first production Shelby GT500 built to his/her specification, including the color and factory available options.

Proceeds from the auction of the GT500, will be donated to the Carroll Shelby Children’s Foundation, which provides financial assistance to children with acute cardiac disorders or those in need of organ and tissue transplants.

While, it was truly amazing that the auction price for this dream car rang in at $600,000. The fact that the money will be used to help children in need, puts the Shelby GT500 in a class of its own.

Muscle cars make thundering return, as American Automakers were revved up at the 2006 Detroit auto show.

Brought on by the overwhelming success of the retro-styled Ford Mustang, this year’s event featured three American Muscle car legends battling it out on the stage instead of the streets. Unveiled were the reincarnations of Ford's Shelby Mustang, the Dodge Challenger and the Chevrolet Camaro.

The 2006 Barrett Jackson Auto Auction which is scheduled to run from January 14th-22nd in Scottsdale, Arizona promises to be an exciting event for Mustang Enthusiasts. With 33 hours of live coverage on the Speed Channel and over 50 Mustangs up for auction, this year's event is sure to be a hit.

While there are many Mustangs up for grabs, some of more notable in this year’s auction include:

- Former Van Halen band member Sammy Hagar’s 1967 Shelby GT500
- Monster.com founder Jeff Taylor’s 1972 Boss 302 Fastback
- 2006 Foose Stallion
- 2005 Bonspeed ‘Black Rose’ Concept car
- Plus a handful of 1967 Shelby GT500’s

Awesome!!! Thats one of the many words you could use to describe the 2007 Shelby GT500. With an astounding total output of 475 hp from its 5.4-liter supercharged V-8, its the most powerful and capable Mustang ever to be produced.

The 2007 edition of the Shelby GT500 is a result of collaboration between racing legend Carroll Shelby and Ford's Special Vehicle Team (SVT). The new GT500 sports a supercharged 5.4-liter 32-valve V-8, 6 speed manual gearbox and a classic Shelby performance look. It will be available in coupe and convertible models when it goes on sale in the summer of 2006.

According to the recent Autoblog article "Boss Mustang may be on the way to combat Challenger and Camaro" which stated:

"With 400 HP versions of the Chevy Camaro and Dodge Challenger hitting the streets in the next few years, the Mustang GT and its 300 HP will quickly be regulated to backmarker status. Sure, there's the terrifying Shelby GT500 on its way next year, but its price will put it out of the reach of many Mustang buyers. As a result, Ford is said to be working on a Boss version of the S197, possibly using a naturally-aspirated 5.4L version of its Mod motor architecture in an attempt to keep up in the horsepower wars. The FPV version of this engine used down under produces 390 HP, which should provide 'stang buyers with sufficient power to wage battle on the crosstown competition."