Ford Shelby GT500

07shelby1 · August 2005

I was wondering if there was going to be aconvertible for the 2007 Shelby Cobra GT500? I contacted my local SVT dealer and they said that there was not going to be intentional. I don't believe that thou. If you have any information about if there will be a convertible for the cobra or not. I was also wondering when will Ford will let you start ordering the new cobra. If you have any information on these two subjects please reply.

Kirstie_H · August 2005

You can read about the 2007 Ford Shelby Corbra GT500 on InsideLine - this is a great discussion for our Future Vehicles board, so I'm moving it there.

xkss · August 2005

This car is going to own so many other cars it is hilarious!!!

xkss · September 2005

The GT500 will change slightly from the car shown at the 2005 New York auto show.

The side mirrors should be painted the same color as the car, imo.

The hood vents should be left as they were on the show car.

cobra50 · January 2006

hi ..........i talked to a ford manager at team ford marriette ga today !according to him a con.model shelby will be offered ,he said they will be getting ordering information on the shelby mustangs in late feb. or early march.......and taking orders....est production is 11000units,but ford may opt to build less, maybe arount,6000to 5000 hope this info helps........cobra/steve privett

dhamilton · January 2006

Anyone know if the GT500 will be at the Houston auto show at the end of the month?

flasvt · January 2006

Inside Line's overview of the 2007 GT 500 Convertible shows a picture of the Interior with a caption that reads "Nothing changes in the interior other than the installation of a six-speed shifter. ".

Well, Inside Line may want to reconsider this statement. Plenty is new in the interior. The instrument panel as whole different graphics and the tach swaps position with the speedometer. The steering wheel significantly altered and now is contoured and the black out trim is metallic not plastic as in the black trim of the lower versions. The interior feels the best of all Mustangs so far.

bri66 · January 2006

Has anyone heard anything about the sticker price of what one of these will sell for? :confuse:

flasvt · January 2006

Road & Track reported $44K for the convertible. Hardtop should be around the high 30Ks.

bri66 · January 2006

Boy that wouldn't be bad at all. The new 8 cylinder GT Mustangs are going for $30k now aren't they? If they keep them under $40k i'll take mine in Tahoe Turquoise. HA! HA!

bri66 · March 2006

I guess I can forget ordering one where dealerships are tacking on $25,000 to $30,000 over sticker price. I wonder if that happened back in the late 60's early 70's? Oh well, hope they choke on em.

robsm1 · March 2006

I'm hoping to find photos of the other colors of the 2007 GT500 especially the Alloy Clearcoat. Also where were the smart ones when Ford gave the option of silver stripes on tungsten grey cars for a awesome car what a dull color combo, what a shame you can't order silver with black strips or white stripes. :confuse:

aviboy97 · March 2006

anyone know when this car will hit showrooms??

robsm1 · March 2006

Dealers started ordering them yesterday 3/14/07 they should be showing up on dealers floors June-July hope this helps.

carxzibit · March 2006

Who said Dealers are asking $25-$30 large over MSRP for the 2007 Shelby? Dealers don't even have pricing on the vehicle, or estimated production allocation. If you saw the $25-$30 large over MSRP on eBay, please note they dropped off the radar screen on Monday, March 13, when Ford Dealers received their ordering guide. These bandits with black masks always appear when any new car that's hot is going to come out - then they disappear just as fast as they appeared. Anyone who would pay that over MSRP deserves to get shafted. Get real out there!

bri66 · March 2006

My March 2006 edition of Mustang Monthly on page 8 mentions a dealership in Maryland that will be receiving six 2007 Shelby's and for $1000 refundable you can have your name placed on their waiting list. The terms of their offer is that no matter what the sticker price is they are adding $25,000 to the sticker price. In addition I have done some searching where in the past few weeks there have been several Ford dealerships listing their expected delivery count on E-Bay. What their terms are is selling to the highest bidders over the sticker price and I have seen several of these auctions going for more than $30,000 over the MSRP stickers. These 10,000 Shelby's are only available to dealerships and not to the general consumer who wants to buy one. These dealerships are going to get as much as they can for these limited number of Shelby's. It's a free country and they are allowed to get what they can, consumers will set market prices. Shame on Ford for limiting the low number of Shelby's that will be available. If you can find a Ford dealership that will take an order and guarantee delivery of the actual sticker price could you please post the name of that dealership here at Edmunds because I want to buy one. Thanks

bri66 · March 2006

I just wanted to follow up on my last post. I just spoke to the sales manager of a larger Ford dealership in my area south of Boston and he claims that Ford as of today has not provided any ordering information as of yet. He claims that based on his dealerships sales and inventory he is hoping to get 2 or 3 Shelby's. He claimed the information I received of a 10,000 build unit is not a confirmed number and that he claims speaking to his regional people that that number will be much lower than 10,000 total units. He claimed that several people have inquired ordering information for them and he guaranteed his units if and when he receives them will not sell for sticker. I asked him for an honest reasonable figure that he intends to sell them for and he claimed that 10 to 15 thousand dollars over sticker would be an approximate estimate. He said it's going to be a war and he's selling his to the highest bidder. He told me to call back if I am seriously interested in a week he would gladly give me an update as soon as he hears more. He claims he's having a hard time getting a hold of just a 8 cylinder GT at this time. I did another search on E-bay and there are quite a few for sale presently. I agree with you as to anyone who would be willing to commit $30k's to anyone on E-bay deserves to be taken for a ride. These figures are pretty darn close to what these baby's are going to be sold for. For now I am going to continue to pursue one locally, but certainly I am not going to pay $10 k + for one either. I will get in my 66 Mustang and be happy for now.

pjb53 · March 2006

I was at Barrett Jackson auctions last January and they were offering the first production GT500 with the proceeds going to charity. The winning bid was $600,000 plus %8 commission for a final price of $648,000. I guess you could claim that approx $600,000 was a charitable contribution and take a tax write-off. For those interested it was lot #1259.1 at the Scotsdale auction.
Ford also had a supercharged Mustang on a dyno where people picked from the crowd could try 1/4 mile runs. If I remember correctly Ford guys had posted times of 11.9 @ 121 mph and the guy from the crowd while I was watching took three tries (missed the light, bogged down) and on his third try ran about 12.2 @ 117 mph. I'm not sure how the dyno's compare to the real world but I was impressed. From talking to the Ford guys I got the impression the GT500 would be faster.

robsm1 · March 2006

This comes as first hand as it can on 3/15/06 I went to my local ford dealership, looked at all the options and colors, filled out the paper work and watched as they ordered on line one of the two cars allocated to that dealer. As for price there is no MSRP yet but I agreed to pay $10,000 over dealer cost. The dealers get a set allotment according to the amount of GTs they sell annually. I hope this clears up any rumors.

bri66 · March 2006

$10,000 over dealer cost is pretty good compared to most stories I've heard and read about. Plus you had the opportunity to order what you wanted. Good luck with your Shelby.

robsm1 · March 2006

Thank's bri66 I will keep my fingers crossed that everything goes well.

starboardside · March 2006

Are you saying $10,000 over dealer cost or MSRP? I ordered mine on 3-20-2006, and the salesman was talking $10,000 over MSRP. I will get my deposit back if he honestly thinks i am going to pay $10,000 over MSRP.
Thank you

bri66 · March 2006

If you ordered one how much did you expect to pay? Dealers don't pay what's on the sticker they pay invoice. The deals I've heard and seen are as high as $25,000 to $30,000 over MSRP. If you agreed to pay $10,000 over MSRP with your salesman and have one on order for you, your a lot better off than some.

cccompson · March 2006

While I ordinarily blast dealers for such mark-ups over MSRP, in this case it seems to me that it's the customers who are nuts - folks who have more money than sense.

bri66 · March 2006

I don't fault the dealers either. The true blame I feel needs to go more towards Ford and Shelby for hyping these cars up for close to 1 1\2 years and then setting a low production amount to be built. If I could build one at MSRP prices I would order one today, but that option is not available to me. To be paying this huge mark-up to own one is absurd. If these Shelby's were being made as the original ones were by Shelby's employee's that might be different. Where these Shelby's are being made strictly on an assembly line to me there not worth double the price. :shades:

killjoy · April 2006

Come on guys.....If your going to pay over MSRP your crazy.....It's like the guy in Dublin, CA. who was trying to justify to me that spending $62,000 for a SVT 300. He told me it was on a AMG frame. So its like getting a $120,000 AMG for half price. I told him no matter how you look at it, you don't spend over MSRP or 60k on a chrysler. It took me 20mins on the internet to locate a dealer who would sell me a SVT 300 at 46k MSRP. But even that was to much to give to a salesman. Do you really want to give anyone 10k to 15k just to sell you a car? They have a big laugh as you drive away. And yes your picture goes on the wall. It will say another proud SVT owner. But thats not what the salesmen really says about the pictures on the wall.

Ford has pushed me over to waiting for a 400 hp Camero. This doesn't mean chev will not try the same tactics. It will be harder when camero's line their lot just like the mustang GT out here. Just remember chev will release their SS and it will probably be 500hp or more.

There are V8 GT out here just sitting on lots and not selling. Don't believe anything the dealer says.

Its all in the hype.........

sssst · April 2006

I too have jumped ship. Been a Ford guy all my driving life until now that is. Been waiting on the Shelby since I found out about it just after I sold my 96 Cobra 4 years ago...(Dream Car White 68 Shelby GT 500 KR). With the demise of SVT so do I go banging on the GTO's door or maybe I'll hold up till the Changler get to town. It does look like Ford will be down for a while.

:mad:

hardhawk · April 2006

I spoke with my dealer about purchasing a new GT 500. Price will be $20,000 over MSPR with a non-refundable deposit of $15,000 required. Period, end of discussion. Good thing I don't really want one. I can get an SRT8 Chrysler 300, Dodge Charger, Dodge Magnum, or Jeep Grand Cherokee at invoice from the same dealer. It's all about what people are willing to pay. P.T. Barnum said it best, "There is one born every minute!"

shelbydude · April 2006

Ford is going to build about 16,000 Shelby's. About 8,000 per year for two years only. If you think it about it, getting one for only $10k over MSRP is CHEAP! The 2005 GT Mustangs were selling for $3k - $5k over MSRP and the Convertibles were selling for $5k - $10k over MSRP. So a Shelby with such a limited production and only being built for two years and being able to get one for $10k over MSRP is a gift! There are Ford Dealers offering to buy dealers allocation on these for $20k over! A dealer paying 20k over and the public being able to get one for only $10k over??? I'd say that's a GIFT!

Here is the real scoop on how this works. Every Dealer get's at least ONE! If they sign up for it, get certification, and pay Ford the fees! The fee is $1,500 to Ford from the dealer PLUS the dealer has to buy special tools from Ford to work on this car. With MOST dealers only getting ONE of these cars, and having to pay $1,500 in fees plus buy the tools, the dealer would LOSE money at MSRP!

Every dealer that signs up, get's certified, pays Ford the $1,500 fee plus buys the required tools, will get at least ONE Shelby Mustang. Dealers that are SVT Focus dealers will get ONE for that. Dealers that are Full Line SVT Dealers will get TWO for that. Dealers that are 2005 Presidential Award wiiners will get ONE for that. Any remainder units will be divided up based on prior year sales. IF there are any remainder units left, which will be few, far and between!

So if you are a dealer and not a SVT Focus or not full line SVT and not a 2005 Presidential ward winner, you get only ONE.

Dealer plus SVT Focus dealer you get only TWO!

Dealer plus full line SVT dealer you get only THREE!

Dealer plus full line SVT dealer and 2005 Presidential Award Winner you get only FOUR!

Any remaining allocation left after that will be divided based on prior year sales. So top volumn dealers MIGHT get an extra unit. MAYBE!

Since the mark up on these from Invoice to MSRP is likely to only be about $2k which is about the same as a GT Convertible, a dealer that only gets ONE will have paid out more than that for the $1,500 FEE that it cost to enroll to get this car, plus the cost of the tools required, plus the cost of materials required by Ford to be displayed in the showrooms, ANYONE that is able to buy this for only MSRP will be one LUCKY individual! The dealer selling it for MSRP will LOSE money on the sale at that price unless they are a dealer that gets more than ONE unit to sell!!!

This is FACTUAL information here based on FORD's information provided to the dealer.

Yes, I'm a dealer!

shelbydude · April 2006

BTW,

Orders are now being accepted. No pricing is available yet. Production on this car starts June 5th, 2006.

Ford is releasing both coupes and convertibles side bt side. They were going to release convertibles about six months later after the coupe, but decided to put both out at the same time.

Also, the coupe will have racing stripes over the top and on the side. Convertibles will NOT have over the top stripes and on the side only.

You can have the option to delete the stripes if you choose.

We are a dealer. We will get two. They are both sold! We turned down $20k over MSRP from another Ford Dealer to buy our allocation! We sold ours at MSRP plus $750 over on each to cover the $1,500 fee charged buy Ford to enroll to get this car!

A lot of these will sell for $75k. Anything less than that is going to be a good deal! Whether you like it or not, they will sell out at a premium because there are more buyers for this car than there are cars being built to meet the supply and demand.

Also remember one important thing. The dealers do not set the pricing on these. YOU, THE PUBLIC DOES! If NO ONE was willing to pay a premium the dealers would have no choice but to sell them for less. But is YOU the general public, that sets the pricing on these based on supply and demand and the willingness to pay the extra money to get one!

shelbydude · April 2006

You will get your deposit back if they are selling it to you for $10k over MSRP, but you gladly agreed to $10k over dealer cost???

And just how much do you think dealer cost is in relation to MSRP??? Dude, you're talking about $2k from cost to MSRP! So you are saying you'll pay $10k over cost but not MSRP and will get your deposit back over a measly $2k difference between cost and MSRP??? LOL

starboardside · April 2006

"LOL" all you want. First off, I am a vehicle dealer (not Ford), and there is no way the margin on a $40,000.00 product is only $2000.00, but this is totally beside the point. I am not sure where you get that I said anything about dealer cost, as it is not mentioned in my post. My post says clearly that I will not pay $10,000 over MSRP, which has nothing to do with dealer cost. I agreed over 1 year ago (March 30th, 2005, $10,000 down payment) to buy one of these cars sight unseen at MSRP, and the salesman agreed to this. Now, this salesman has quit, and the deal has changed. Plainly, and simply stated, I will not pay $10,000 over MSRP. I will wait until they are sitting on the lot, or buy one used, just like I did my current 03 Cobra. 03 Cobras also started out with Dealer Added Markup, but cooled off later. The Cobras were discounted, and had large factory incentives at the end of 2004/beginning 2005 model year.

shelbydude · April 2006

On a 2004 GT Convertible that stickered at $31,500 the margin was only $2,000.

I just looked up a 2006 GT Convertible that stickers at $34,855. Invoice $32,171. That's only a $2,684 margin. I suspect the Shelby won't have much more margin than that.

As far as waiting until they are sitting on the lots, good luck! This isn't like buying a Cobra. The Cobra was built for many years. The Shelby is only being built for two years with approx. 8000 units per year. Only about 16,000 total units over two years and that is it. The demand is extremely high on this car and most have deposits on them already and have been spoken for. You will not see any sitting on a lot down the road and I doubt you will ever see a rebate on this car like the cobra had.

And buying a used one will still cost you as much if not more than MSRP. Used 2005 GT Mustangs have selling close to what MSRP was. Resale on these have been high. Partly due to the fact you couldn't get one and a lot of those in 2005 sold for $3k - $5k over MSRP because Ford couldn't meet the demand. Now there are a lot of 2006 GT's around so resale should cool off some on the 2005 used, but they are still getting a good price on them considering what the used 03 and 04's got.

Since most if not all 2007 Shelby's will be sold out quick, resale will demand a premium. Especially when you have new car dealers offering to pay $20k over for your allocation.

Over 228 million people over the age of 16 in this county and only 16k units to go around between them all. You do the math. That's ONE unit to every 14,250 people over the driving age in this country. So they only need one person for every 14,250 that is willing to pay whatever price to get this car.

Of course, that doesn't account for any dealers that plan to keep one for themselves. About 4,000 Ford Dealers in the US. So if only half keep one or sell one to an employee that leaves only 6,000 units to go around to the public.

And like I said earlier in another post, most dealers will only get ONE of these. Every dealer has to pay Ford $1,500 as an enrollment fee to get one, plus buy special tools at what ever cost that will be, plus buy display materials required to be displayed in the showroom at whatever cost that will be. So a dealer only getting one of these would be lucky to break even if they sold theirs at MSRP! The margin is gone and eaten up in the fees and cost of tools and materials required to enroll in this.

pony_pirate · April 2006

I'll buy a Vette before I pay anything over $40k for a Mustang.

dabachelor · April 2006

Well fellas tell me something why is the new chevy camaro better than the mustang its better in just just a about all things with the 07 shelby gt 500 dont believe me check it out on chevy web site.

venom_2007 · April 2006

Well shelbydude, I just my call from the dealer to place the order, the kids woke me up Yelling Mom (the dealer) is on the phone. Wow I have waited like forever.
I believe your posts, have read them all, the numbers will be limited and with Mr. Shelby's age, these are THE LAST ORIGINAL SHELBY COBRAS TO BE BUILT AND APPROVED BY THE MAN.!!!!! So with the money Ive had down, now my verbal order is placed, dealer is saying we've bumped you to number 1 on our list, also hearing the same as you said the tools, sending mechanic for certification on the cobra, hearing but not remembering where, svt dismantling due to internal problems, these cars are CHEAP, one only has to watch Barett Jackson auctions to know this statement is true. and with the production of the gt 40's coming to an end, this car will be an instaneous collector's item. Its time to shelf the die cast model and get ready to drive the real thing. By the way Im 50 something and my son is handicapped, How much over MSRP, for my son to ride in that car and see it in the garage, THE PRICE IS REAL CHEAP!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

bri66 · April 2006

You know, as much as I was looking forward to being given the opportunity to buy a brand new Shelby I took my 66 Mustang to work tonight and was quite excited. First drive of the new season is all ways fun. I don't begrudge anyone who has the financial backing to pay the premiums for the new Shelby's. A little jealous, but all the power to the ones who can afford it. What I don't understand is all these posts about buying chevy's or dodge's instead. Once a true Ford man all ways a Ford man. PONI 66

sssst · April 2006

">What does Ford have for us now with the demise of SVT other than the Mustang GT with-in a reasonable cost? At least the SVT Cobra was attainable and a great car for the money. I loved mine and was looking forward to the new Shelby. Now, I just purchased (today) an 06 GTO and it's a monster I'd have to say it would have put my Cobra to bed!
Mike
SSSST

shelbydude · April 2006

Get real dude!!! A GTO??? The resale on that car sucks, BIG TIME! Fast car? Yeah, but it looks like an oversized chevy cavilier. You couldn't GIVE that car me! Now had they nade that car retro to a REAL GTO then they would have made a WINNER! But it's a loser! I'll take a Shelby, Camero and Challenger. Those are NICE cars! The new GTO suchs!

Kirstie_H · April 2006

Let's focus on the Shelby Cobra GT500, please!

sssst · April 2006

Hey dude,
You may have the loot to spend on a Shelby but alot of us working non dudes don't. If I could get past the Ford dealers and had the money I would gladly take the Shelby, why not it has been my dream to own one of them since 1968. Maybe some day I will luck out like you DUDE! Camero and Challenger in case you haven't been around, these two are not in production as yet and maybe never will be DUDE! Enjoy your $75000 Mustang man, I mean DUDE!
Sorry for the masked profanity in last posting. I just get so worked up with meatheads!

52tuff · May 2006

I have the option to buy the 2007 Cobra when it first comes out - I'm debating whether to keep the car or sell that option. I find it hard to believe you can get $20,000 additional MSRP for the car. If I can get that much I'll sell it. What do you all think?

sssst · May 2006

Possession is nine tenths of that question.

rorr · May 2006

Are these things out yet?

Because I saw a red w/ black top Convertible with dealer tags, "GT500" side stripes, Shelby rims, and the Shelby grille (no big fog lights but with a small running horse emblem on the driver's side of the front grille).

Car was in a Texaco service station in Lakeway, Texas. I spotted it as I went by on the street.

aviboy97 · May 2006

Demise of SVT? according to Ford's web site, SVT is still around.

"Coming summer,2006: The newest Mustang Cobra developed by the Ford Special Vehicle Team (SVT) in collaboration with legendary performance guru Carroll Shelby..."

I don't really think Shelby had much to do with the car, Ford already had the power plant, and the body.

If memory serves me correctly (correct me if I am wrong) Mustang's went to Shelby American to get overhauled into the classic street machine's of the late 60's and early 70's, not built right on the Ford production line., like the 2007 Shelby GT500

But, hey, it's going to be a sick car, collector's item, and nothing screams muscle car more then "Shelby GT500"

Other then the Corvette, I don't see an American car that has the nostalgia as the Mustang does, or the constant demand. Not the GTO, not the Charger.

sssst · May 2006

I agree with most of what you said but SVT is done.. The Shelby is the last hurrah for that division of Ford. Maybe sometime in the future it will rematerialize. They did do some great things and gave us some excellent performance vehicles didn't they!

aviboy97 · May 2006

Yes they did. I really liked the last Mustang Cobra, 2003-2004. The SVT Lightning was a beauty as well.

I've been reading a lot here about dealers charging stupid money over MSRP for this car. I am affiliated with a Ford dealer (I work for a Mazda dealer) and I asked the GSM there, and he said they have not set an asking price yet. I'm guessing it will be over sticker, but, not $25,000 like I have been seeing here. But, even if they do get over sticker, it won't last forever. Personally, I would not mind paying 2 or 3 G's over, but not 25.

They had a 2 Ford GT's in which they got $200K for, that's a bit over sticker, but, then again, it's a GT, not a Mustang.

starboardside · May 2006

Shelbydude,

I say these words as a staunch Ford/Mustang/Shelby fan...

Obviously, you are very excited by the new GT500, and so am I. I put a down payment on one on March 30th, 2005 right after the 2005 New York Auto Show. However, EVERYTHING you have said about this car was also true of the 03/04 supercharged Cobras. They were the most powerful Mustangs ever at the time, only built for 2 years (not "many years"), and in limited numbers, approximately 18-19000 total cars. Sound familiar? These cars also required special tools and training, many dealers bought one for themselves, and they commanded a premium price early on. How do you suppose the people who paid over retail feel now? Anyone with a calculator can divide the numbers, but everything you have said also applied in 2002.

Mustang GT sales are down to last year, and there are lots of new Mustang GTs on the lots right now. In other words, wait a year, and buy a Mustang GT at a discount.

I know this new GT500 is a Shelby, and not a Mustang GT, which is why I put money down on one so long ago (back before speculation had driven the price up). However, all of your posted speculations could have been, and were, said in 2002 about the new Cobras. Paying over retail for a car is not good value for my money, Shelby or not.

mistermarvin · May 2006

Not sure why I am paying $10000 over MSRP, apparently they are selling for that amount and more, ebay is doing something and it is not for 10000 over.

:surprise:

mcnasty1 · May 2006

anyone know when the gt 500 will be released? my salesman told me that he will have my car at the end of may, and he will be able to sell me the car june 1st. i have talked to the ford dealers in my area, and they say another couple of months. does anyone have an accurate date?

shelbydude · May 2006

The Shelby GT500 goes into production on June 5th. This will be the first day of production on this car. Which means the first ones will probably hit showrooms around the end of June to mid July. We have two ordered since March and Ford still has not pulled these orders nor issued a partcial vin # on them yet. So it will depend on when FORD actually schedules the your car and issues a build date with a vin #. So there is no way you will get one at the end of May since they won't even start building them until June 5th. If you did get one sooner then the only way that could happen is if Ford is sending out any pre-production units they built prior to production for testing.

Ford Shelby GT500

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