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1965 Shelby GT350R
Road America 500, Laguna, CA (?), 1965. Dick Carter's Mustang GT350 on his way to winning the B Production race. CD#0777-3292-0631-28.

1965 Shelby GT350R

Wimbledon White with blue stripes, the Shelby GT350 R was a purpose built racecar that became the template for GT350 road cars to follow. Racing in the SCCA’s B/Production class, Shelby was Ford’s answer to winning the Road Racing Championship for several years. The cars were built in series as a turnkey racecar.

Prepared in conjunction with Ford, stripped out 271 hp Mustangs left the factory for conversion in Shelby’s facility. The first arrived without side or rear windows, heaters, defrosters, upholstery, headliners, insulation or sound deadening.

Many changes were done to the body, including the fittament of a distinctive front apron in fiberglass. Flares were added to the fenders to accommodate 15×7 inch wheels. Furthermore the side and rear windows were were replaced by Plexiglas with aluminum frames.

Underneath, Shelby changed the pickup points on the suspension, added traction bars for the rear suspension and installed a new differential.

Inside, a new instrument cluster was added with a tachometer and oil pressure gauge. A large 4-point roll cage was installed with a 34 gallon fuel tank.

The engine was thoroughly reworked to include Cylone Tri-Y headers, A Holley four-barrel carburetor, Cobra high rise aluminum intake manifold which produced around 325 to 360 horsepower. An oil cooler was also fitted.

In Detail

type Racing Car
built at USA
production 36
engine V8
position Front Longitudinal
aspiration Natural
block material Cast Iron
valvetrain Pushrod OHV, 2 Valves per Cyl
fuel feed Holley 4-Barrel Carburetor
displacement 4736 cc / 289 in³
power 261.0 kw / 350 bhp
specific output 73.9 bhp per litre
body / frame Unitary Steel Monocoque w/Fiberglass Hood
driven wheels RWD
wheel type American Racing
front wheels F 38.1 x 17.8 cm / 15 x 7 in
rear wheels R 38.1 x 17.8 cm / 15 x 7 in
r suspension Live Axle w/Leaf Springs
transmission 4-Speed Manual


Auction Sales History

1965 Shelby GT350 R SFM 5R108 – sold for $770,000 The 1966 SCCA Southwest Division and 1967 B-Production class champion. First in Class at the 1967 12 Hours of Sebring. An early production example; one of only 36 examples built. Retuned to its 1967 AARC racing livery; eligible for historic racing events.
Auction Source: Paul & Chris Andrews Collection by RM Sotheby’s

1965 Shelby Mustang GT350R SFM-5R538 – sold for $984,500

Documented as the “winningest” Shelby ever, with 17 straight wins from 1968–1969, driven by Charlie Kemp. Ran at a clocked 184 mph at Daytona in 1968, the highest speed known for any 289-powered Shelby, including Cobras. Extensive racing history, including entries in Daytona and Sebring. Body panels are remarkably original and feature correct K-Code stampings. Extraordinary and fascinating history file, with original invoices, photographs, articles, and SAAC authentication documents. Eligible for all relevant historic races, including the 2014 Rolex Monterey Motorsports Reunion.

Auction Source: Amelia Island 2014 by RM Auctions

1965 Shelby GT350 R SFM5R106 – sold for $990,000 One of only 34 production R models. Owned and raced by its first owner, Richard Jordan, for 21 years. Extraordinarily original, down to the original Plexiglas and racing wheels. Offered from a prominent private collection. Documented in the Shelby American World Registry. Original Shelby American paperwork. Less than 4,900 original miles on the original engine and transmission.
Auction Source: Monterey 2012 by RM Auctions

965 Shelby GT350 R SFM5R108 – did not sell for $590,000

One of Only 36 R-Models Built. Highly Sought-After, Early-Production Example. Sebring Class Winner and Participant at Daytona. 1966 SCCA Southwest Division and 1967 B-Production Champion. Presented in 1967 AARC Racing Livery.

On September 20, 1965, 5R108 roared out of Shelby’s LAX hangars, making it the last R-Model completed during the first round of production. Although 36 R-Models were built over the short run, these 15 early-production customer cars not only cemented the competitive reputation of the GT350, they were often equipped with distinctive features not found on later examples.

In 1982, the R-Model was discovered by Georgians Bill Maney and Lee Roswell and subsequently restored to its 1967 Championship- winning appearance, complete with the distinctive tri-color Mexican livery. The historic racing veteran reappeared at the SAAC Reunion at Dearborn in 1983 and was sold to Fernando Lozano of Jamul, California the following year.
Auction Source: 2011 Scottsdale Auction by Gooding & Company

1965 Ford Shelby Mustang GT 350 R – did not sell for $852,500

Car 5R098 is listed in the SAAC registry as the seventh R-model GT350 built and the fifth race car delivered for public usage in May, 1965 to Mr. Ned Owen of Malvern, Pennsylvania. Owen, a racing friend of Mr. Skip Scott, received a sizeable 10% discount by way of his personal association with Scott, who was already a Shelby American customer and raced a 427 Cobra and a pair of GT40s. At this time its twin Le Mans Blue racing stripes were replaced with the Essex Team’s solid black stripe with orange borders on either side. Essex had been a subcontractor to Ford, producing wiring harnesses and other forms of automotive wire.

Auction Source: 2007 Monterey Preview