The last time you could order a drop-top Mustang convertible with a Shelby GT350 badge was 1970, but Shelby American will change that for 2012. The company is building a limited run of Shelby GT350 Mustangs, and only 350 will be built in either the coupe or convertible body style. New color options for 2012 now include both red and blue, but the traditional white with blue stripe color scheme also remains available. The GT350s are “post title” cars, which means that you ship a brand new Mustang GT off to Shelby American for the conversion. How much it costs depends on how fast you want to go and how many option boxes you check off on the build sheet.
The base price (which is in addition to the cost of the Mustang GT donor) is $26,995, which gets you a normally aspirated GT350 good for 430 horsepower. Base model cars get a Shelby / Ford Racing suspension, a camber / caster plate, Shelby 6 piston front brakes by Baer, upgraded rear rotors, brake cooling ducts, a Borla center exit exhaust, Cragar 19” wheels with Goodyear tires, a unique front and rear fascia, embroidered headrests and mats and special badging and trim. Step up to the supercharged version, and the price increases to $33,995, which buys you 525 horsepower and an A-pillar mounted gauge package. If that’s still not fast enough for you, Shelby American offers a 624 horsepower option, as long as your willing to void your powertrain warranty.
Whether or not the GT350 package is worth the money depends on your perspective. You could build a high-performance Mustang for less money, but it wouldn’t carry the Shelby name and it certainly wouldn’t be a future collectible car. If I were in the market for a Shelby GT500, I’d give the GT350 a serious look; you’ll pay more for one now, but chances are good it’ll hold its value much better than the mass-produced Ford version.