Ford Shelby Mustang 1967

This 1967 Shelby GT500 is one of 2,048 fastbacks produced for the model year and was completed on February 17, 1967. A mechanical restoration performed between 1982 and 1987 included the installation of a 427ci "side oil" V8 engine purchased from Holman Automotive. Additional work included rebuilding the four-speed manual transmission with a close ratio gear ratio, installing a new four-pinion limited slip differential with a 3.50:1 gear ratio, and overhauling the suspension, brake, and exhaust systems using rebuilt and new, old stock parts. After being purchased by the seller about six months ago, the car received a new water pump, belts, and hoses.

Shelby American introduced the GT500 in 1967 as a higher-powered option alongside the GT350. Both 1967 models featured a fresh design that was penned by Chuck McHose and Peter Brock to distinguish Shelby Mustangs visually from other Mustang variants. Fiberglass was used for the trunk lid, ducktail rear spoiler, taillight panel, quarter panel extensions, and the air scoops on the sail panels and fenders. The fiberglass nose extension and elongated fiberglass hood with an integrated scoop also created a longer, more-raked front profile.

The bodywork was stripped before three coats of PPG Deltron polyurethane basecoat and four coats of PPG clearcoat were applied. Exterior features include Rallye white stripes and centrally mounted high beams. The right front wing was apparently replaced in the 1970s following an accident in which the car went into a ditch.

Optional 15” Kelsey-Hayes Mag-Star alloy wheels wear 225/70 Goodyear Eagle GTII tires. The braking system is power-assisted and utilizes discs up front and drums out back. The suspension system was rebuilt during the 1980s refurbishment with new front coil springs, new-old-stock 390GT leaf springs, and Koni shock absorbers all around, as well as fresh bushings.

The cabin features front bucket seats and a fold-down rear seat trimmed in black knitted vinyl, with Deluxe brushed aluminum trim on the dash and door panels. New black carpeting was fitted during the 1980s refurbishment. Shelby-specific equipment includes a roll bar with inertia-reel seatbelts, GT500-branded rubber floor mats, and a wood-rimmed steering wheel with a branded horn button. A Hurst shifter has been added. An AM radio is situated in the dash and an aerial is mounted along the lower inside frame rail, though a speaker has not been installed. 

Instrumentation includes a 140-mph speedometer and an 8k-rpm tachometer, as well as Stewart Warner gauges for oil pressure and amperage mounted under the dash. The five-digit odometer shows 57k miles, approximately 60 miles of which have been added by the seller. About 800 miles are said to have been added since the 1980s refurbishment. The visor was signed by Carroll Shelby at an SAAC event.

The 427ci V8 was reportedly purchased in 1983 as new-old-stock from Holman Automotive, Inc., formerly Holman-Moody, the team contracted by Ford to build racing cars and engines throughout the 1960s. Showing an assembly date code from 1968, the block features side-oiler lubrication and cross-bolt main bearing caps. Components that are said to have been fitted before installation include a forged steel crankshaft with cross-drilled oil passages, custom-made Venolia 10.5:1-compression pistons, standard 427 Le Mans connecting rods with SPS cap screws, and a standard 427 camshaft. 428 Cobra Jet cylinder heads with the exhaust ports shaped to increase flow were installed, along with Cobra Jet exhaust manifolds and additional Cobra Jet exhaust components. A 428 Police Interceptor intake manifold and a single four-barrel carburetor handle induction. A new water pump was installed in 2020 following the seller’s acquisition, along with new drive belts and new hoses.