Ever since the Cobra’s inception, Ford has always had a good relationship with Carol Shelby. By 1961, he was shipping in chassis from AC Cars from England, powering them with Ford 289 engines and dominating the Corvette on the track.
In 1965, Shelby turned to Ford’s popular Mustang. He stripped down version of the production car and added many performance modifications. Competing in the SCCA Production Group B class, the race-spec Shelby Mustang 350-R took many victories.
The 69-70 Shelby Mustang
The 1969-70 Shelby Mustang represents the evolution from both Shelby and Ford. By 1969, the production Ford Mustang was redesigned as a larger and more luxurious model. Many special models made available by Ford themselves which directly competed with previous Shelby upgrades. However, these cars did not stop Shelby from moving forward with his ’69 Mustang, but marked the end of Ford and Shelby’s cozy relationship.
Leading up the seventies, Shelby focused more on their road going conversions such as the 500GT. Production R-code Mustangs in from 1968 forward featured the new 428 Cobra Jet engine having 280hp. Along with the package came front disc brakes, a functional ram-air scoop which served as a good basis for the 1970 Shelby Mustang 500.
More than ever before, the 1969-70 Mustang featured comfort and convenience. Options such as an AM-FM stereo radio, tilt steering and Ford air conditioning were now available which were always deleted on the earlier 350 Mustangs. Interior appointments were very similar to the deluxe interiors delivered by Ford. Shelby installed a functional roll bar and a wood-rimmed steering wheel.
The car was powered by Ford’s Super Cobra Jet 428 V8 engine, geared through a C6 automatic transmission and a traction-Loc limited slip rear axle. The drag pack included this differential, an engine oil cooler and 427-type connecting rods.
Due to their heavier weight, seventies styling and lack of race program, the ’69 and ’70 Shelby Mustangs have been overshadowed by their earlier counterparts.
A-Arms w/Coil Springs, Anti-Roll Bars, Adjustable Tube Shocks
Hotchkiss-Type Live Axle w/Leaf Springs, Adjustable tube Shocks
1919 kg / 4230 lbs
2743 mm / 108.0 in
1486 mm / 58.5 in
1486 mm / 58.5 in
4826 mm / 190 in
1826 mm / 71.9 in
1285 mm / 50.6 in
4-Speed Manual or 3-Speed C6 Auto
2.32:1, 1.69:1, 1.29:1, 1.00:1
0 – 60 mph
0 – 100 mph
0 – 1/4 mile
Auction Sales History
1970 Shelby GT500 Fastback 0F02R482766 – sold for $95,000 The proceeds will be given to the Brother’s In Arms Foundation and then gifted to Petty Officer Ian McClanahan. Ian was seriously injured while training for his deployment to Afghanistan. 1 of 104 with 428 CI Super Cobra Jet, drag pack option. Shelby Automotive sales invoice. Elite Marti Report. Letter from Ford Customer Service. Shelby Registry. Auction Source: Monterey 2014 by Mecum Auctions
Documented 10 option car. Includes rare Competition Red paint color 1 of 1 per Marti Report. Full owner history with good SAAC history including original build sheet. Restored with mostly original parts. Believed to be original 56400 miles. 428 Cobra Jet engine. Automatic transmission. Working air conditioning. Tilt away power steering. Power brakes.. Intermittent wipers Fold down back seat. Same owner for the last 9 years. Kept in climate controlled garage.
Cobra Jet 428 CI engine. Close ratio 4-speed manual transmission. Independent front suspension with unequal length A-arms. Coil spring and anti-roll bar. Live axle semi-elliptic leaf springs and factory staggered shock absorbers. Power assisted front disc brakes with hydraulic rear drum brakes. Grabber Yellow and high-back Black bucket seat interior. Original Philco AM radio. Power steering
– Fold-down Sport Deck rear seat. Tinted glass. Believed to be 17,000 original miles. Restored to Shelby Gold award status. Came off assembly line on May 28, 1969. Shipped on July 31,1969 to Phil Long Ford in Colorado Springs, CO. Marti Report and copy of original broadcast sheet.. MCA judged and received the Award of Excellence in 2006.
This is very rare 1969 GT500 Fastback in Grabber Yellow was once owned and driven by Carroll Shelby. Fully documented, matching numbers 428 CJ engine with close ratio 4-speed transmission. 1 of only 3 produced with a 3.50 Traction-Lok rear axle. 1 of 18 in Grabber Yellow, full Marti Report. Current owner has spent 10 years completely restoring this car, having just completed the nut and bolt restoration. Copy of the California release of liability signed off by Carroll Shelby. Engine was rebuilt just before current owner purchased. 4,317 miles on car in 2003. Restored to as close to showroom condition as possible. Many original Ford OEM factory parts were found and used in the restoration of this car. Paperwork dating back to 1969.
428/335 HP engine. 4-speed transmission. Original drag pack car with 4-speed and no air conditioning. One owner, complete with all original delivery documents. Delivered brand new at Gotham Ford in downtown Manhattan. Very successful amateur drag race history at Englishtown and National speedways. Car ran mid 12’s in “steet” form. Refinished in Screaming Yellow. Engine, transmission, differential, all rebuilt with new gaskets, seals, freeze plugs ect. Over $60,000 spent on refurbishments alone.
We understand that the GT500 offered here was fitted with an experimental 428ci fuel-injected engine by Shelby Motors. However, it was decided not to use the fuel-injected engine so the original motor was reinstalled and the car sold to a gentleman in Monaco. One of 217 models finished in Gulf Stream Blue livery, this GT500 has been fitted with a sports steering wheel and Wolfrace alloy wheels from new. The car was purchased by the vendor and restored in 2005, when work undertaken included a bare metal re-spray and a complete engine rebuild by marque specialists. The interior remains totally original, even down to the floor mats, and the car is described as in generally excellent condition having covered only 58,000 miles from new. Used very little since restoration, this excellent example is offered with current MoT certificate, Swansea V5 registration document and that all-important Marti Report confirming its details and numbers.