1968 Shelby Mustang GT500 Fastback

This 1968 Shelby Mustang GT500 is one of 1,020 fastback examples produced for the model year and was completed on February 20, 1968. It was first delivered to Johnny Bolton Ford of Maitland, Florida, was refurbished in 2008, and was purchased in 2019. The car is refinished in red over Saddle Tan vinyl and is powered by a 428ci V8 linked with a three-speed automatic transmission. Equipment includes a Shelby-specific roll bar, functional hood scoops, a rear spoiler, power-assisted front disc brakes, power steering, 15″ American Racing wheels, a folding rear bench seat, an AM/FM radio, and air conditioning.

The GT500 model was equipped with a ducktail rear spoiler, fender extensions, air scoops on the sail and quarter panels, and a fiberglass ventilated hood with functional hood scoops. This example was factory-finished in Candy Apple Red (T) with GT500 side stripes, and a repaint is said to have been completed circa 1980. Additional exterior equipment includes inboard grille-mounted driving lamps and dual exhaust outlets.

The 15″ American Racing Torq Thrust wheels were mounted with 215/60 front and 225/60 rear BFGoodrich Radial TA tires in preparation for the sale. GT500 models utilized an upgraded suspension system with heavy-duty coil springs and an anti-roll bar up front in addition to heavy-duty leaf springs out back. The car is equipped with power steering, and stopping is provided by power-assisted front discs and rear drums. The front sway bar bushings, the rear Koni shocks, and the parking brake cable were replaced in 2019.

The cabin features front bucket seats and a folding Sport Deck rear seat trimmed in Saddle Tan vinyl that extends to the door panels. Interior appointments include an AM/FM radio, front seat shoulder harnesses, rear seat lap belts, a center console, and air conditioning. A roll bar with inertia-reel seatbelts was standard in Shelby cars. There is a Carroll Shelby signature on the right side of the dashboard. The air conditioning refrigerant was recharged in preparation for the sale.

The three-spoke woodgrain steering wheel fronts a 140-mph speedometer and an 8k-rpm tachometer as well as gauges for fuel level, coolant temperature, oil pressure, and amperage. The five-digit odometer shows 44k miles, approximately 600 of which were added . The tilt-away steering wheel intermittently works. The speedometer gear was replaced in 2019, and total mileage is unknown.

The 428ci Cobra Jet V8 was factory equipped with a four-barrel Holley carburetor and was rated at 360 horsepower and 420 lb-ft of torque. An engine rebuild was carried out in 2008, and the engine compartment was refinished. Service in 2019 included replacing the differential pinion seal, cleaning and servicing the carburetor, and installing a high-torque starter motor. The fuel pump and filter were replaced and the coolant was flushed in preparation for the sale.

Power is routed to the rear wheels through a three-speed automatic transmission that was rebuilt in 2008.

The Elite Marti report displays a February 20, 1968 production date and lists factory colors and equipment along with production statistics.

An additional set of wheels with Goodyear Speedway tires, mag-style covers, and lug nuts are included in the sale along with the removed steering wheel, a build sheet, an owner’s manual, manufacturer’s literature, and fog light covers.