Mustangs are the most uniquely-looking cars ever created. They have been used in many popular Hollywood movies and are popular among collectors and car enthusiasts. But how much is a 1967 Shelby GT500 worth? Let’s discover together!
High-performing cars usually offer great value. The 1967 Shelby GT500 is no exception. Its timeless design inspired the nickname given to this muscle car, “Eleanor”. This car is undoubtedly one of the most valuable cars ever sought by collectors and car enthusiasts.
The Shelby Mustang is also known for its power and performance. Its impressive speed is the key reason why this model became so popular that many people wanted to be seen with it.
How Much Is a 1967 Shelby GT500 Worth?
The price of the magnificent 1967 Shelby Mustang GT500 today depends on its condition. The car doesn’t have to be brand new in order to be valued and priced highly. It can also be appropriately restored to preserve its unique quality and appearance.
Out of many car profiles, the Shelby Mustangs are considered quite pricey. Regular GT500s cost around $100,000 to $200,000. But when they are used on movie sets, their price goes up to $1 million. The history and mileage are also factors determining the value of a Mustang.
So, how much does a 1967 Shelby GT500 cost today? Let’s examine the auction results and sales data collected over the past decade to determine whether this car is truly one of the best, most authentic, and worthy models ever created.
The 1967 Shelby GT500 is a remarkable find. In 2017, a 1967 Shelby GT500 was sold at the SEMA Show for $219,000. But this particular unit was given a contemporary restoration. It came with 600 hp, and many other modern amenities were added to the car to make it more appealing and, thus, increase its value.
In 2019, the price of this Mustang went up. It was sold for $2 million that year at the Mecum Auction. The car was restored by fixing the engine, adding a fire extinguisher, new wheels, and modern tires.
Since the value of this Mustang is highly dependent on its condition, the price can vary. For example, if it’s in perfect condition, the Shelby GT500 can be sold for $198,000 – $2,200,000. In excellent condition, it costs $154,000 – $198,000.
Auction results from 23 sales show that this rare Mustang is priced at $121,000 – $154,000 if it’s in good condition. Fair condition values it at $13,300 – $121,000.
Based on collected data, the prices for selling a 1967 Shelby GT500 have varied over the years. The median sale value is $154,000. The lowest sale value of this car is $13,300, while the highest has reached over $2,200,000.
Most collectors have access to all-carbon-fiber resto-mod equipped with an engine capable of reaching 810 hp. But if you can’t find one, there are always models available on the market that have been in production since the year 2007. The base price for this model is $4,395.
To demonstrate that the Shelby GT500 is one of the cars offering the greatest value, we included comparisons to similar models in style and production.
The 1967 Ford Bronco costs around $2,194, similar to the 1967 Ford Fairlane, which is priced between $2,295 and $3,065. The 1967 Ford Mustang has been sold for $2,460 – $2,695, while the price for the 1967 Ford Galaxie 500 ranges between $2,740 – $3,495.
The cost of the 1967 Ford Ranchero is $2,790 – $2,905. The price for the 1967 Ford Mustang GT 350 is $3,995. The closest to the 1967 Shelby GT500 value is the 1967 Ford Thunderbird, priced at $4,605 – $4,828.
The Performance of the 1967 Shelby GT500 on the Road
Many Mustangs are re-engineered for an improved yet classic feel. The goal of making these restorations is to preserve the original performance of the model but give it a little boost to make it as good as new.
The performance and speed of a 1967 Shelby GT500 are some of the determining factors when it comes to its valuation. It must perform well on the road to ensure structural rigidity, quality, power, and better control that gives it strength and makes it worthy.
The standard engine of a Shelby GT500 must be supercharged to ensure maximum performance, rating it at 710 hp. When prompted, the engine creates immense power, yet it remains driveable on the road.
This particular car has a dual-performance exhaust system built from durable materials like stainless steel, giving the car more power but fewer muffling restrictions.
Frequently Asked Questions
How many 1967 Shelby GT500s exist?
Manufacturers built 2,048 GT500s in 1967. Most cars of this model are available on the market in black. But there are also white, navy blue, and red options, offering versatility to fit the tastes and preferences of many people. Unfortunately, with the passing of time, fewer than 1500 exist today.
What is the speed of the modified 1967 Shelby GT500s?
The speed a muscle car offers can contribute to its value. The modified versions of the car include a racing engine of a 1967 Shelby GT500 producing 650 hp (485 kW). The original, not preserved, or restored 1967 Shelby GT500 may reach speeds over 150 mph (241 km/h) and hit up to 170 mph (274 km/h).
Are 1967 Shelby GT500s rare?
The 1967 Shelby GT500 is arguably one of the rarest Mustangs on the market. Many people have never heard of this model. That’s probably because there are only a few left in good condition and of high value.
We hope we helped you learn how much is a 1967 Shelby GT500 worth based on accurate data analysis, auction sales, and price comparisons of same-year car models. The value of a car depends on various factors, including condition, quality materials, speed, and overall performance.