1967 Shelby GT500: Price & Value Guide

If you're a classic car enthusiast, the 1967 Shelby GT500 likely holds a special place in your heart. This iconic muscle car represents the pinnacle of American automotive engineering and design from the 1960s. But what is a 1967 Shelby GT500 worth today? This comprehensive guide breaks down the factors influencing its price and what you can expect to pay for this legendary vehicle.

What Makes the 1967 Shelby GT500 So Special?

The 1967 Shelby GT500 wasn't just a modified Mustang; it was a statement. Carroll Shelby and his team took the already potent Mustang Fastback and transformed it into a true performance machine. Several factors contribute to its desirability and high value:

• Engine: The heart of the GT500 is its 428 cubic inch (7.0L) Police Interceptor V8 engine, producing a factory-rated 355 horsepower. However, many experts believe the actual output was closer to 400 hp.
• Styling: The GT500 featured unique fiberglass body components, including a distinctive hood with scoops, a rear spoiler, and side scoops, giving it an aggressive and unmistakable look.
• Rarity: Only 2,048 GT500s were produced in 1967, making them highly sought after by collectors.
• Legacy: The Shelby GT500's performance and iconic status have cemented its place in automotive history.

Factors Influencing 1967 Shelby GT500 Prices

Determining the value of a 1967 Shelby GT500 is complex, as several factors come into play:

Condition

• Concours Condition: Pristine, original or perfectly restored examples command the highest prices. These cars often score high points in judging competitions.
• Excellent Condition: Well-maintained cars with minor imperfections or older restorations still fetch significant sums.
• Good Condition: Cars with some wear and tear, but mechanically sound, represent a more accessible entry point.
• Fair Condition: Cars needing restoration work are the most affordable but require a substantial investment to bring them back to their former glory.

Originality

• Matching Numbers: Cars with the original engine, transmission, and other components are worth significantly more. Documentation verifying originality is crucial.
• Original Paint and Interior: Preserving the original factory finishes adds value, especially in rare colors.
• Unmodified Cars: Collectors often prefer cars that haven't been altered from their original specifications.

Documentation

• Original Paperwork: Build sheets, window stickers, and other factory documents are highly desirable and increase value.
• Shelby Registry: Verification through the Shelby American Automobile Club (SAAC) registry confirms authenticity and adds credibility.
• Restoration Records: Detailed records of any restoration work performed help potential buyers assess the quality and completeness of the work.

Options and Features

• Transmission: Cars equipped with a manual transmission (especially the 4-speed) are generally more valuable than those with an automatic.
• Air Conditioning: Factory air conditioning can add a premium, especially in warmer climates.
• Color: Rare or desirable colors can influence price.

1967 Shelby GT500 Price Range: What to Expect

Given the factors mentioned above, the price range for a 1967 Shelby GT500 is broad. Here's a general overview based on current market conditions (as of late 2023):

• Concours Condition: $300,000 - $500,000+
• Excellent Condition: $200,000 - $350,000
• Good Condition: $150,000 - $250,000
• Fair Condition: $100,000 - $175,000

Note: These are estimates, and actual prices can vary significantly based on specific circumstances. Auction results, private sales, and dealer listings provide additional data points.

Where to Find 1967 Shelby GT500s for Sale

Finding a 1967 Shelby GT500 for sale requires patience and diligence. Here are some avenues to explore:

• Classic Car Auction Houses: Major auction houses like Mecum, Barrett-Jackson, and RM Sotheby's frequently feature Shelby GT500s.
• Specialty Dealers: Dealers specializing in classic and muscle cars often have GT500s in their inventory.
• Online Marketplaces: Websites like Hemmings, ClassicCars.com, and Bring a Trailer are good resources, but thorough due diligence is essential.
• Car Clubs and Forums: Networking with Shelby enthusiasts through clubs and online forums can uncover leads on cars for sale.

Verifying Authenticity: Protecting Your Investment

Given the high value of the 1967 Shelby GT500, verifying authenticity is crucial. Unfortunately, counterfeit or "tribute" cars exist, so take these steps: — 1923 Silver Dollar: Value, History, And Collectibility

1. SAAC Registry: Contact the Shelby American Automobile Club (SAAC) to verify the car's VIN and history.
2. Expert Inspection: Engage a knowledgeable Shelby expert to conduct a thorough inspection. They can identify telltale signs of an original GT500.
3. Documentation Review: Scrutinize all paperwork, including build sheets, invoices, and ownership history.
4. Component Verification: Check the date codes and markings on the engine, transmission, and other components to ensure they are correct for a 1967 GT500.

Investing in a 1967 Shelby GT500: Is It Worth It?

For many collectors, owning a 1967 Shelby GT500 is a dream come true. These cars represent a tangible piece of automotive history and offer an exhilarating driving experience. However, it's also a significant investment decision.

Pros:

• Appreciation Potential: Well-maintained GT500s have historically appreciated in value, making them a potentially sound investment.
• Driving Experience: The GT500 delivers a raw, powerful driving experience unlike modern cars.
• Iconic Status: Owning a GT500 provides entry into an exclusive club of collectors and enthusiasts.
• Show Car Appeal: GT500s are showstoppers at car shows and events.

Cons:

• High Purchase Price: The initial investment is substantial.
• Maintenance Costs: Classic cars require specialized maintenance and repairs, which can be expensive.
• Storage Needs: Proper storage is essential to preserve the car's condition.
• Authenticity Concerns: The risk of purchasing a misrepresented car is a factor.

Expert Insight: According to Hagerty Valuation Tools, the value of 1967 Shelby GT500s has seen steady growth over the past decade, particularly for examples in excellent or concours condition. However, market fluctuations can occur, so staying informed is crucial.

Restoration Considerations

If you're considering a 1967 Shelby GT500 requiring restoration, factor in these points:

• Parts Availability: Some parts are rare and expensive, requiring specialized sourcing or fabrication.
• Restoration Costs: A full restoration can easily exceed $100,000, depending on the car's condition and desired level of perfection.
• Expertise: Choose a restoration shop with proven experience in Shelby Mustangs to ensure authenticity and quality.
• Timeline: Restorations can take months or even years to complete.

Alternatives to the 1967 Shelby GT500

If a 1967 Shelby GT500 is beyond your budget or specific needs, consider these alternatives:

• 1968 Shelby GT500: The 1968 model offers similar styling and performance but is slightly more common.
• 1967 Shelby GT350: The GT350 is less expensive than the GT500 but still provides a thrilling Shelby experience.
• 1969-1970 Shelby Mustangs: These models represent the final years of Shelby production and offer distinctive styling.
• Restomod Mustangs: Modernized classic Mustangs with updated engines, suspensions, and brakes provide a blend of vintage looks and contemporary performance.

FAQ: Common Questions About the 1967 Shelby GT500

Q: What is the horsepower of a 1967 Shelby GT500?

A: The factory-rated horsepower was 355 hp, but many experts believe it was closer to 400 hp.

Q: How many 1967 Shelby GT500s were made?

A: Only 2,048 units were produced.

Q: What is a "matching numbers" 1967 Shelby GT500?

A: It means the car retains its original engine, transmission, and other components from the factory.

Q: How can I verify the authenticity of a 1967 Shelby GT500?

A: Contact the SAAC, engage a Shelby expert for an inspection, and carefully review all documentation. — West Ham Vs Crystal Palace: Premier League Showdown

Q: What are the most desirable options for a 1967 Shelby GT500?

A: A manual transmission, factory air conditioning, and rare colors are highly sought after.

Q: What is the difference between a GT350 and a GT500?

A: The GT500 has a larger engine (428 cubic inch V8) than the GT350 (289 cubic inch V8) and features distinct styling cues. — Top 10 Biggest Stadiums In The US: A Fan's Guide

Q: Where can I find insurance for a 1967 Shelby GT500?

A: Several insurance companies specialize in classic car coverage, such as Hagerty and American Collectors Insurance.

Conclusion: A Timeless Investment

The 1967 Shelby GT500 remains a highly desirable and valuable classic car. Its blend of performance, styling, and rarity ensures its place in automotive history. Whether you're a seasoned collector or an aspiring enthusiast, understanding the factors influencing its price and authenticity is crucial. While the investment is significant, owning a 1967 Shelby GT500 is an experience unlike any other. If you are considering buying or selling a GT500, consulting with a classic car expert or appraiser is highly recommended to ensure a fair and informed transaction. Contact a trusted classic car dealer today to begin your journey!