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While this Mustang may have left Shelby’s shop a pedigreed thoroughbred, it’s now a wild-eyed stallion set on destroying Nitto drag radials. With just 15,424 original miles, a full Griggs suspension and nearly 700hp flowing to the rear wheels, this sinister Shelby is the kind of car capable of turning a whole new generation into car enthusiasts.
Despite its sinister look, the car remains mostly stock on the outside. Its gloss black paint is respectably maintained and presents well over the nostalgic Ford lines. Matte black hash marks accent the front fenders but, if you’re looking for those classic Shelby rocker stripes, you won’t find them on this convertible. The car was ordered new with a tape stripe delete. Panel fitment, like all newer Mustangs, is admirable with clean even gaps at all corners.
For this convertible, the stock 500hp V8 was little more than a solid foundation to start with. The stock Eaton M122 supercharger was traded for a ported TVS supercharger with a matched high-flow inlet elbow and a pulley. A 66mm throttle body was then paired with 72lb fuel injectors and a 127mm carbon fiber JLT cold air intake to keep air and fuel supply in check. Finally, a SCT tuner was brought in to help the ECM cope will all the new changes. Thanks to the updates, this GT500 now puts a dyno-proven 695hp and 690lb ft. of torque to the rear wheels.
Underneath the car, power flows to a stock six-speed manual transmission aided by a McLeod performance clutch rated for up to 1,000hp. At the back, a Ford 9-inch rear is packed with gears. . The most significant upgrade is the Griggs GR40SS suspension upgrade that includes coilovers at all four corners mated with billet camber plates, urethane bushings, adjustable rear control arms, and a severe duty torquearm. At the corners, 18-inch Forgestar F14 wheels complete the exterior.
Peek through the window and a driver-friendly red and black interior awaits. Highly bolstered sport seats with a retro stitch pattern and Cobra logos fit like a glove and provide plenty of support, while a leather-clad and red-stitched steering wheel with convenient thumb grips sports a snake on its hub and cruise control buttons on either side. Amenities like power windows, power locks, air conditioning and the killer Shaker 1000 audio system make this interior a great place to spend time.
Even without the weight of the Shelby name, this would be a Mustang worthy of any performance enthusiast. With plenty of power across the board and nearly universal appeal, it’s hard to think of a more desirable American car in this price range. Add in the capped production numbers, low mileage and impressive upgrades and this thoroughbred starts looking like a great buy. Call, click or visit for more information on this killer ’08 Shelby GT500 convertible.
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