All the proceeds from the first horse-trade will go towards charity

Did you want to be the first person to pick up the 2020 Ford Mustang Shelby GT500? Well, you’re too late. The first production model of the muscle car has been sold at an auction for $1.1 million! The lucky (and wealthy) buyer is the Chairman and CEO of Barrett-Jackson - a man that basically won the auction in his own back yard!

The First 2020 Ford Mustang Shelby GT500 Sold For a Price 15-times Higher Than Its Value

First 2020 Ford Mustang Shelby GT500 Sold For $1.1 Million
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This is an organization that Ford supports and this is what Joe Hinrichs, Ford President for Global Operations, said, “The chance to become the owner of the first 2020 Ford Shelby GT500 cars is an opportunity of a lifetime,” “More importantly, being involved in helping to raise much-needed funds and awareness for JDRF is a big win for everyone.”

Even though the first car has gone under the hammer, we are still not sure of the performance specs.

Ford seems to be enjoying itself by teasing us without telling us what exactly how much power is derived from what lies under the hood. We are hoping the auction-winner, Craig Jackson, will give us the exact specs. By the way, he can choose from available colors and options for the coveted first production-spec of the Ford Mustang Shelby GT500. This is the least he should get to do after spending a million dollars on a car that essentially costs somewhere around $70,000.

How the 2020 Ford Mustang Shelby GT500 Selling Price Compares to Other Popular Vin001 Cars That Have Been Auctioned

Model Selling Price
2015 Dodge Charger SRT Hellcat $825,000
2018 Chevrolet Corvette ZR1 $925,000
2016 Acura NSX $1,200,000
2016 Bugatti Chiron No. 1 $5,000,000
2019 Ford Mustang Shelby GT500 $1,100,000
2020 Toyota Supra $2.100,000

All For A Good Cause

First 2020 Ford Mustang Shelby GT500 Sold For $1.1 Million Exterior
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The ‘700-plus horsepower’ 2020 Ford Mustang Shelby GT500 with the VIN 001 was sold with “no reserve” which means that there is no minimum bid required - it could have sold for $20,000 if bidding had actually stopped.

Edsel B. Ford II and Aaron Shelby were present at the event and were pleased with the amount the car raised.

Edsel B. Ford II said, “For 35 years, Ford Motor Company has fueled the efforts of JDRF researchers to find a cure while helping millions of children enjoy better lives.”

It Comes Back Stronger and Tougher After a Five-Year Hiatus

First 2020 Ford Mustang Shelby GT500 Sold For $1.1 Million
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The 2020 Ford Mustang Shelby GT500 comes with a 5.2-liter, V-8 and a 2.65-liter, roots-type supercharger under the hood.

This unit is expected to churn out 700-plus horsepower and 650 pound-feet of torque. If rumors are to be believed, the 2020 Ford Mustang Shelby GT500 will have a rating of 755 ponies that comfortably beat the Dodge Challenger SRT Hellcat’s 707 horses and Chevy Camaro ZL1’s 650 horsepower.

2020 Ford Mustang Shelby GT500 specifications

2020 Ford Mustang Shelby GT500
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Engine 5.2-liter aluminum alloy V-8
Horsepower +700 HP
Quarter mile < 11 seconds
Transmission shifts < 100 milliseconds
0 to 60 mph mid 3.0 seconds

Further Reading

First 2020 Ford Mustang Shelby GT500 Sold For $1.1 Million Exterior
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2020 Ford GT500 brings 700+ Horses and Dual-Clutch To Detroit

2020 Ford Mustang Shelby GT500 Exterior
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Ford Hasn’t Ruled out a Manual Transmission for the 2020 Shelby GT500 Quite Yet

First 2020 Ford Mustang Shelby GT500 Sold For $1.1 Million
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Read our full review on the 2020 Ford Shelby GT500

2013 Ford Mustang Shelby GT500 High Resolution Exterior
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Read our full review of the 2013-2014 Ford Shelby GT500

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