A Ford Mustang with a Shelby name attached to it is the kind of car that can turn into a great investment.
If you can get your hands on VIN 001 of the new Ford Mustang Shelby GT500 unveiled in Detroit, well, forggetaboutit. That’s a special vehicle right there, and it’s not surprising that it went for over a million dollars yesterday at the Barrett-Jackson auction.
The first Mustang Shelby GT500 went for 1.1 million dollars in fact and was purchased by the founder of Barrett-Jackson, Craig Jackson. Imagine buying the first Mustang Shelby GT500 at your own auction.
Better yet, the money spent by Mr. Jackson will go to charity, specifically to help fund type 1 diabetes research through the JDRF organization.
Unveiled Monday at the North American International Auto Show in Detroit, the 2020 Ford Mustang Shelby GT500 gets to 100 km/h in less than 4.0 seconds. It’s powered by a massive supercharged 5.2-liter V8 that sends over 700 horsepower to the rear wheels.
Chances are Mustang Shelby’s will be hard to find and will immediately appreciate in value. On the other hand, the Shelby GT350 was supposed to be a good investment as well, but too many owners tried to price the car too high too quickly. There are now plenty of Shelby GT350s for sale.
Now that he owns the first Shelby GT500, Craig Jackson will be able to spec it however way he wants.