1967 Shelby GT500 Fastback
In 1967, Shelby was fitting the C6ME ‘Police Interceptor’ 428 into the mustang which created the GT500. It also included a host of other upgrades including Holley BJ/BK carburetors, manifolds, RUGS-1 transmission, 3.50 Traction-Lok rear end, braking system with KH calipers and drums, a louvered hood, inboard driving lights, optional 10-spoke wheels with Goodyear tires.
The Ford Shelby Cobra Mustang GT500 was one of those cars built when gas was cheap, federal regulations were not in place, and you can literally buy these gas-guzzlers and cars with stomach-churning horsepower straight from the showroom floor.
The Shelby Mustang is a high performance variant of the Ford Mustang which was built by Carroll Shelby, an American auto designer from 1965 through 1970. The company was founded by Carroll Shelby in 1962 to build and market high performance parts and modified cars for individuals and among those were the famous Ford Mustang-based Shelby GT350 and Shelby GT500.
The GT 500 was a revamp of the original pony. To make them compete in road-racing and acceding to demands from Shelby’s audience, they were given room for big-block power. The 1967 Shelby GT500, got a reworked 428-cid “Police Interceptor” and pushed out a very respectable 360 bhp.They also featured more cosmetic changes compared to Shelby GT350.
The ’67 GT5000 came with options like factory air and power steering, a wood-rim Shelby wheel, and 132 max speed. The brakes were power-assisted as well as the steering which made the once rough-riding older Shelby easier to drive. The interior was offered in black and parchment colors with Stewart-Warner oil, amp gauges, and a tachometer coming as standard.
The 1967 Shelbys came in fastback only with convertibles available for the 1968 model year.
Lee Iacocca had turned this low-cost, sport compact into one of the most successful cars of all time, helping him to become CEO of Chrysler more than a decade later.
The 1967 redesign made for a heavier Mustang, along with a longer, fiberglass hood, and new front and rear facias. You can still see the design of the original 1965 version, but these styling upgrades gave the car a more aggressive appearance and achieve Carroll Shelby’s goal of differentiating his car from the Mustang on which it was based.
The separate high-beam headlamps in the grille added more character, while a thin, chrome front bumper sat below a mesh grille with the classic “Shelby G.T.350” logo in place (except for the very early cars).
The small hood scoop was there to deliver fresh air to the engine. Shelby also included new, horizontal taillights (sourced from a ’67 Cougar in 1967 and a ’65 Thunderbird in 1968) and an integrated Kamm-type rear spoiler.
Functional rear brake-cooling scoops adorned the rear quarter panels. Ten-spoke, fifteen-inch, cast-aluminum rims were the wheel choice with Good year white-lettered radials.
Specs & Performance
| type | Professionally Tuned Car |
| built at | Los Angeles, California, USA |
| engine | Police Interceptor V8 |
| position | Front, Longitudinal |
| aspiration | Natural |
| fuel feed | Dual Holley 4-BBL Carburetors |
| power | 264.70001 kw / 355 bhp @ 5400 rpm |
| front brakes | Drums |
| rear brakes | Kelsey-Hayes |
| f suspension | Independent |
| r suspension | Live Axle w/Leaf Springs |
| transmission | 4-Speed Manual |
Auction Sales History
1967 Shelby GT500 Fastback – sold for $137,500
Auction Source: Kissimmee 2014, #WhereTheCarsAre by Mecum
1968 Shelby GT500 Fastback – sold for $88,000
Auction Source: The Daytime Auction in Monterey by Mecum
1967 Ford Shelby GT500 Fastback 427 Side Oiler, 4-Speed – sold for $130,000
Auction Source: The Daytime Auction in Monterey by Mecum
1967 Shelby GT500 Fastback 67400F5A01640 – did not sell for $120,000 Total nut and bolt mechanical restoration by renowned Cobra Automotive just completed 2011. Carroll Shelby signature on visor. 428 CI police interceptor engine. 4-speed top loader close ratio transmission. Rare inboard high beam headlight grill. Power steering. Power disc brakes. Fold down rear seat. Shoulder harness. AM push button radio. Kelsey-Hayes MagStar wheels with Goodyear white letter tires. Tachometer and trip odometer.
Auction Source: 2012 Daytime Auction by Mecum
1967 Shelby GT500 Fastback – sold for $185,000
In addition to complete ownership history, the Shelby Registry documents this rare GT500 Fastback as having been completed February 10, 1967 and shipped to University Ford Sales in Champaign, IL. Finished in its original combination of Dark Blue paint with White striping and a rare Parchment interior, the car still shines thanks to a Concours-quality restoration completed in 2007, and boasts Ford’s torque-pumping 428/355 HP engine, T-10 4-speed, Detroit Locker rear end and power steering and brakes. Magstar wheels and White-letter Goodyear tires complete the distinctive ’67 Shelby look.
Auction Source: 2011 Monterey Daytime Auction by Mecum
1967 Shelby GT500 Fastback – sold for $118,250
This stout 1967 Shelby GT500 Fastback rolled off the Ford plant in San Jose, California, on December 27, 1966. It was destined for the famous Marv Tonkin Ford dealership in Portland, Oregon. The list of desirable factory options included: mag wheels, a fold-down rear seat, power disc brakes, shoulder harnesses, power steering, a radio and a C06 Select-O-Matic 3-speed automatic transmission. The car was handsomely finished in Moss Green paint with a black interior, the same colors it sports today.
Auction Source: 2010 Gooding & Company Pebble Beach Auction
