Ford S197 I Shelby Mustang GT500
The 2007-2009 Shelby GT500 marked the return of a performance legend, packing a 500-horsepower supercharged 5.4L V8. It's a modern collectible that offers supercar-level performance at a relatively accessible price point.
Find one with Spotter →Ford S197 I Shelby Mustang GT500 sold for a median of $39,976 over the last 12 months, based on 74 auction sales; the middle 50% sold between $31,413 and $50,375. 494 currently for sale.
Ford S197 I Shelby Mustang GT500 Specs
- Engine
- 5.4L Supercharged V8
- Horsepower
- 500 hp
- Torque
- 480 lb-ft
- 0-60 mph
- 4.2s
- Top Speed
- 155 mph
- Curb Weight
- 3,920 lbs
Listings
Ford's Special Vehicle Team (SVT) resurrected the legendary GT500 nameplate for 2007, working directly with Carroll Shelby to create a modern muscle icon. The new GT500 wasn't just a badge; it featured a supercharged and intercooled 5.4L V8 that produced 500 horsepower and 480 lb-ft of torque. All that power was sent through a heavy-duty Tremec TR-6060 6-speed manual transmission, a first for any factory Mustang.
Collectors value the S197 GT500 for its direct connection to Carroll Shelby and for being the car that reignited the modern horsepower wars. It successfully blended the retro-futurist styling of the S197 platform with the aggressive presence of the original Shelby Mustangs. Low-mileage, unmodified cars, especially convertibles or those in rare colors like Grabber Orange, are the most desirable for long-term collectibility.
The market for these cars is well-established, offering a significant performance value. With an average sale price around $42,000, they are an accessible entry into modern Shelby ownership. While driver-quality cars can be found for under $35,000, pristine, investment-grade examples with ultra-low mileage will command much higher prices, creating a wide but predictable market spread.
Buying Tips
- The Eaton M122 supercharger is robust, but listen for a rattling sound at idle, which could signal worn bearings or rotor coating delamination.
- The factory twin-disc clutch, particularly on 2007 models, can be problematic. Check for smooth engagement and ask for service records, as many have been replaced with superior aftermarket units.
- Modifications are common. While a pulley and tune can safely add power, be wary of cars with extensive or poorly documented engine work. Stock examples command a premium.
- Inspect the front splitter and bumper cover carefully. They are low to the ground and highly susceptible to damage from curbs and steep driveways.
Prices range from $1,000 for project cars to $203,000 for exceptional examples.
2,109 Ford S197 I Shelby Mustang GT500 vehicles have been tracked across auctions and listings on Hypercars, with 494 currently live.
Data sourced from Bring a Trailer, Cars & Bids, eBay Motors, PCarMarket, and Collecting Cars. Updated daily.
Frequently Asked Questions
How much does a Ford S197 I Shelby Mustang GT500 cost?
Over the last 12 months, Ford S197 I Shelby Mustang GT500 sold for a median of $39,976 across 74 auction sales tracked on Hypercars; the middle 50% sold between $31,413 and $50,375. There are 494 currently for sale.
How many Ford S197 I Shelby Mustang GT500 listings are for sale right now?
There are 494 Ford S197 I Shelby Mustang GT500 listings currently live across auctions, dealers, and marketplaces tracked by Hypercars.