September 29, 2021 Update – After the high bid of $14,100 did not meet the seller’s reserve price, he decided to keep the car rather than sell it for a market-appropriate amount.

Guys With Rides is excited to offer in an online reserve price-style auction on behalf of the private seller for this 2,500 mile, 2007 Shelby Mustang GT500 convertible. Bidding opened Wednesday, September 15, 2021, and runs for fourteen consecutive days through 6:30 PM Eastern time on Wednesday, September 29, 2021.

This 2007 Shelby Mustang GT500 Convertible currently resides as part of a private collection in Central New Jersey less than one hour’s drive by car from Philadelphia International Airport.

Final High Bid = $14,100

To inspect all of the pictures provided, click on the photograph below to enlarge it and then click on the gray “<” and “>” icons to navigate through all of the other stills in this carousel. NOTE: If you do not see the first picture immediately, please click on the white space and the pictures should start to appear before they are fully loaded.

Building on the wild success of the 2006 black-and-gold Shelby-Hertz GT350 rental car program, Shelby and Ford upped the performance ante for 2007 with the launch of the Shelby GT500.  A collaboration of Ford’s Special Vehicle Team (“SVT”) and Carroll Shelby, Ford produced approximately ten thousand examples annually for the 2007 through 2009 model years on the assembly line at Ford’s Flat Rock, Michigan (AutoAlliance) assembly facility.

The GT500 uses a supercharged and inter-cooled modular 5.4 L; 330 cubic inch V8 engine rated at 500 horsepower at 6,000 rpm and 480 foot-pounds of torque at 4,500 rpm, which at the time were staggering performance numbers. Transferring the V8’s power was a Tremec TR-6060 6-speed manual transmission, suspension tuning, a body kit, and 18-inch wheels.

The private seller and original owner of the red-over-black example featured here has used his 2007 Shelby GT500 sparingly since new and reports it has never been driven in inclement weather and the convertible top has never been lowered.

The complimentary CarFax® confirms both the low mileage and the fact this 2007 Shelby GT500 Convertible is a one-owner example.

To read the entire CarFax, please click on the picture and then use your browser’s back button to navigate back to this page:

To help you make informed bids, we’re providing a link to Classic.com, the analytics and search engine for the Classic Car market, that provides an interactive graph of recent comparable sales in the past two years. By clicking on the green dots, you can navigate to each comparable car sold as a way to help you make an educated bid on the car we are featuring for auction here:

If you have any questions about this 2007 Shelby Mustang GT500 Convertible, please leave a comment below or feel free to call Rudy directly at 877-468-6497.  Thank you for looking and happy bidding!