Holtzman not only agreed to buy Morrison a Shelby, he upgraded it to a new Nightmist Blue GT500 with a 355-horsepower, 428-cubic-inch V-8, mated to a four-speed manual. Only 2000 or so were built. By all accounts, Morrison loved the car and drove it hard—so hard that it was often in the shop for repairs, both cosmetic and mechanical. Earlier this year, the 1967 Shelby GT500 “Super Snake” sold for a staggering $2.2 million at Mecum’s Kissimmee auction, setting a record for the most expensive Mustang to ever cross the block. The crown jewel of Carroll’s Mustang-based cars, it’s powered by the MkII GT40’s high-output 427 ci side-oiler. Get the best deals for gt500 shelby 1967 at eBay.com. We have a great online selection at the lowest prices with Fast & Free shipping on many items! 1967 Shelby GT500. When reflecting on the ’67 GT500, Carroll Shelby said, “This is the first car I’m really proud of.” The 1967 GT500 came with a 427 CID engine. The 427 was a serious improvement over the GT350’s engine, though both cars were offered this year. Tributes and clones are a great way to get into a dream car for a much smaller price, and this 1967 Shelby GT500 Mustang fastback tribute certainly does it correctly. It has a long list of upgrades, a powerful 428 Cobra Jet, and the right look to make everyone at the local show do double-take when it rolls in. The 2022 Ford Mustang Shelby GT500 starting price climbs to $74,555. Fiber Handling Package is no longer available but buyers can now get a Heritage Edition that pays homage to the first GT500 Registry #208 | AVAILABLE FEBRUARY 2024 1968 Mustang GT 2+2 Fastback $273,170.00. Highland Green Metallic; Ford 5.0L Ti-VCT Coyote DOHC V8 460hp; 10R80 10-speed electronically controlled automatic transmission When Ford redesigned the Mustang in 1967 to take the 390/320 HP big block V-8, Carroll Shelby took the next logical step and introduced the GT500, the first big block Shelby GT, powered by a modified Police Interceptor 428 CI engine rated at 355 HP. Buyers took to the new car immediately, and the car outsold its small block GT350 stable-mate t4R5Tc1.