Ford Mustang · 1965–1970

Shelby GT350 and GT500

Carroll Shelby's Mustangs: the GT350 from 1965 and the big-block GT500 from 1967, built until 1969, with the last unsold cars renumbered as 1970 models.

The story

Carroll Shelby's GT350 was built to qualify the Mustang for the SCCA's B Production class in 1965.12

For 1966 Hertz agreed to buy about 1,000 GT350s for its rental fleet, the GT350H cars.23

The GT500, with a 428 big-block, joined for 1967. In April 1968 it got the 428 Cobra Jet and became the GT500KR, for King of the Road.24

Production moved from Los Angeles to Michigan late in 1967, and it ended with the 1969 cars. Unsold ones were given new serial numbers and sold as 1970 models.256

How to spot a Shelby GT350 and GT500

1965: white with blue stripes

Every 1965 GT350 was painted Wimbledon White, with Guardsman Blue stripes along the rockers.12

1965 or 1966: the rear quarter window

A 1965 GT350 has louvers behind the side window; the 1966 has a glass quarter window there.27

1966: brake scoops

The 1966 car has a scoop on each side ahead of the rear wheel, for the brakes; the 1965 is plain there.278

1967 or 1968: the driving lamps

The 1967 has round driving lamps, usually in the middle of the grille; the 1968 has square lamps. Position alone does not prove the year.7910

1970: a chin spoiler and hood stripes

The renumbered 1970 cars have a front chin spoiler and two black stripes on the hood.26

Production by year

How many Shelby GT350 and GT500s were built each model year.

As a table, with notes
YearBuiltNote
19655621211All GT350s. CJ Pony Parts' two rows (525 and 37) add up to the same 562. Ruling
19662,37828Including the Hertz GT350H cars. Ruling
1967disputed91011The GT350 figure is 1,174 or 1,175; see the ruling.
GT350 Fastback: disputed
GT500 Fastback: 2,050
19684,4504511124,450 is our sum of the six rows, which CJ Pony Parts and MustangSpecs give alike. Ruling
GT350 Fastback: 1,253
GT350 Convertible: 404
GT500 Fastback: 1,140
GT500 Convertible: 402
GT500KR Fastback: 933
GT500KR Convertible: 318
19693,1501113143,150 is our sum of the four rows. Unsold cars from this run were renumbered as 1970 models; see the ruling.
GT350 Fastback: 1,085
GT350 Convertible: 194
GT500 Fastback: 1,536
GT500 Convertible: 335
1970disputed1115Renumbered 1969 cars, not new production. How many is disputed. Ruling

Engines

The letter is the engine code in the VIN.

YearsCodeEngineRated
1965–1966–GT350: 289 cu in V8, 4-barrel, high performance306 hp18one source
1967–GT350: 289 cu in V8, 4-barrel, high performance306 hp29
1967–GT500: 428 cu in V8, two 4-barrels355 hp210
1968–GT350: 302 cu in V8, 4-barrel250 hp212
1968–GT500 (to April): 428 cu in Police Interceptor V8, one 4-barrel335, 355 or 360 hp25
1968–GT500KR (from April): 428 cu in V8, 4-barrel, Cobra Jet335 hp24
1969–1970–GT350: 351 cu in Windsor V8, 4-barrel290 hp1315
1969–1970–GT500: 428 cu in V8, 4-barrel, Cobra Jet335 hp1415

Where the sources disagree

Every conflict behind the figures on this page. All rulings.

Settled

1965 Shelby GT350 production

Our ruling: 562 in all, which MustangSpecs and Wikipedia print and CJ Pony Parts' two rows add up to. How the 562 split between street cars and R-models is not settled: 37 R-models in CJ Pony Parts, 34 in MustangSpecs' breakdown and 36 on its GT350R page. We give only the total.

What each source says (4)
  • Total 562: 1 street prototype, 504 street cars, 2 competition prototypes, 34 R-models, 4 drag cars, 17 other prototypes1one source
  • «Total 1965 model year production was 562 units»2one source
  • Shelby GT350 525, Shelby GT350R 3711one source
  • GT350R: «Production Numbers 36»16one source

Settled

1966 Shelby GT350 production

Our ruling: We use 2,378, which MustangSpecs and Wikipedia give; CJ Pony Parts' rows add up to 2,380. The number of Hertz cars is not settled (936, 1,000, 1,002 or 1,003), so we give only the total.

What each source says (4)
  • GT350 1,365, GT350 Hertz 1,000, prototypes 13, total 2,3788one source
  • «Total production for 1966 was 2,378 units, including two prototypes and four drag cars»; Hertz bought 1,003 fastbacks including two prototypes2one source
  • GT350 1,438, GT350-H 936, GT350 convertible 6 (together 2,380)11one source
  • GT350-H: «Production Numbers 1002»3one source

Open

1967 Shelby GT350 production

Our ruling: Unresolved: 1,174 or 1,175, one source each.

What each source says (2)

Settled

1967 Shelby GT500 production

Our ruling: We use 2,050, which CJ Pony Parts and MustangSpecs give. Wikipedia's 2,048 carries no citation.

What each source says (3)

Settled

1968 Shelby GT500KR production

Our ruling: We use 933 fastbacks and 318 convertibles, 1,251 in all, which CJ Pony Parts and MustangSpecs both give. Wikipedia's 1,571 appears only in passing, in its section on the 2008 car.

What each source says (2)
  • GT500KR fastback 933, convertible 318411
  • A 2008 run of 1,571 cars «matches that of the original 1968 GT500KR»2one source

Open

Power of the 1968 Shelby GT500 before the Cobra Jet

Our ruling: Unresolved: 335, 355 or 360 hp. MustangSpecs gives 335 in its text and 355 in a spec table that looks copied from its 1967 page; Wikipedia gives 360. No second source settles it.

What each source says (3)

Open

Shelby Mustangs sold as 1970 models

Our ruling: Unresolved. Wikipedia says the 1970 cars were 1969 cars with new serial numbers, 789 of them. CJ Pony Parts lists 601 (315 + 286) under 1970 production. We do not state a 1970 Shelby count.

What each source says (2)
  • 1970: GT350 fastback 315, GT500 fastback 28611one source
  • «All 1969–1970 Shelby Mustangs were produced in 1969. Because of dwindling sales, the 789 remaining 1969 cars were given new serial numbers and titled as 1970 models.»15one source

Sources

  1. 1965 Shelby Mustang GT350 MustangSpecs · read 2026-10-11
  2. Shelby Mustang Wikipedia · read 2026-10-11
  3. 1966 Shelby Mustang GT350-H MustangSpecs · read 2026-10-11
  4. 1968 Shelby Mustang GT500KR MustangSpecs · read 2026-10-11
  5. 1968 Shelby Mustang GT500 MustangSpecs · read 2026-10-11
  6. 1970 Shelby Mustang GT350 MustangSpecs · read 2026-10-11
  7. Spotter's Guide: Identifying The 1964.5-1968 Mustang Champion Cooling Systems · read 2026-10-11
  8. 1966 Shelby Mustang GT350 MustangSpecs · read 2026-10-11
  9. 1967 Shelby Mustang GT350 MustangSpecs · read 2026-10-11
  10. 1967 Shelby Mustang GT500 MustangSpecs · read 2026-10-11
  11. 1965-1973 Mustang Production Numbers CJ Pony Parts · read 2026-10-11
  12. 1968 Shelby Mustang GT350 MustangSpecs · read 2026-10-11
  13. 1969 Shelby Mustang GT350 MustangSpecs · read 2026-10-11
  14. 1969 Shelby Mustang GT500 MustangSpecs · read 2026-10-11
  15. Ford Mustang (first generation) Wikipedia · read 2026-10-10
  16. 1965 Shelby Mustang GT350R MustangSpecs · read 2026-10-11