By Robert Farago
March 26, 2008 - 5,030 views
In a move sure to annoy potential GT500KR owners– who were banking on the supply - demand equation to protect their $65k-ish (plus premium) investment– Ford has announced they're gonna build more examples than previously announced. The original plan, from the caption of their PR photo: "Featuring classic Shelby KR design cues and Ford Racing performance upgrades, the GT500KR will be produced in a limited-run of 1000 units arriving spring 2008." Ward's Automotive reports the new plan: an additional 746 GTK500Rs. "Of the additional 746 units, 571 will be allocated to U.S. customers, thus equaling the 1,571-unit production run of the original ‘68 Shelby GT500KR." So that's alright then. “I’m glad we can share it with more Mustang enthusiasts,” 'Ole Shel says in a statement. “This car is really special to me and my bank account demonstrates that when Shelby Automobiles gets together with Ford SVT and Ford Racing, we can deliver a Mustang that will compete with the best in the world.” Roush and Saleen would agree, albeit through gritted teeth.
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POWERED
March 26th, 2008 at 9:18 am
I continue to be amazed at the way that people buy into the whole Shelby mythos. He’s whored out his name so many times that I’ve lost count.
I learned years ago that one should never trust that a “limited edition” will actually be limited. Owning number 101 of 200 of a special-edition Gibson guitar, I was disappointed to find, a few years later, that Gibson had blithely started cranking out new copies. Luckily, I didn’t pay a premium for the guitar and I didn’t buy it because it was a limited-edition. I bought it because I liked the way it plays and I got a good deal on it.
You want a limited edition? Buy a Stradivarius. They stopped making them a while back.
March 26th, 2008 at 9:58 am
So what? Given the pent up demand for factory tweaked American Muscle, those 746 units are a drop in the bucket.
The “normal” GT500 still trades for over sticker (unless you get lucky and find a dealer that needs to shuffle their floorplan), not to mention finding a low mile Ford GT for less than its 2005-2006 MSRP is damn near impossible.
March 26th, 2008 at 10:08 am
Sajeev Mehta :
So what? Given the pent up demand for factory tweaked American Muscle, those 746 units are a drop in the bucket.
Depends on whose asking. If it’s Ford or Shelby, way hey! But if you’re a collector who spent a large amount of money on a car that you thought was going to be limited to 1000 examples (only because the manufacturer said so), you’d be plenty pissed. Every car in excess of that initial 1000 lowers the future value of the ones that proceed it. Maybe not by much. Maybe not now. But soon, and for the rest of your life.
March 26th, 2008 at 10:16 am
Bunkie is right on the money. This whole “good investment” thing is out of wack.
Look at the housing market.
March 26th, 2008 at 10:17 am
RF: the “1000 copies” mark is true, but its still less than “2000.” Production is just as limited as some of the hottest big blocks of the past, and if anything, the market is wealthier and hungry for Detroit Iron that doesn’t suck.
Its quite common for muscle car folk to sell their vintage iron on the rarity of its color combo (1 of 250, 1 of 20 with no graphics or with a black interior) so why not follow suit with these new ones?
March 26th, 2008 at 10:23 am
MSRP of $42170? I think you are quoting the base MSRP of a “regular” GT500…not a KR.
March 26th, 2008 at 10:31 am
doctorv8 :
MSRP of $42170? I think you are quoting the base MSRP of a “regular” GT500…not a KR.
D’oh! Text amended.
March 26th, 2008 at 11:23 am
It matters very little. When Shelby finally kicks the bucket every Mustang he had a hand in will likely appreciate even more.