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Although production of Shelby GTs in the USA had ceased, a total of nine 1971 "Shelby Europa" GT-350 and GT-500 Mustangs were produced under license by Belgian dealer Claude Dubois for the European market. [27] Seven Fastbacks (Ford used the term Sportsroof) and two convertibles were produced; of which seven were M-code and one H-code cars.
Lee Grey attended the Ford Preview event for the new 1968 Fords at the Los Angeles Coliseum in August 1967, where he saw a Shelby GT-500 prototype coupe nicknamed "Little Red". This was a supercharged 428 , C-6 automatic coupe that was dressed up in bright red paint, and a vinyl roof , as a formal, yet high-performance vehicle.
Both 1971 Mustang Sportsroofs used in the film (neither car has been proven to be a Mach 1, as often assumed) were bought in 1971, but—as it was three years before the film's director H. B. Halicki could raise sufficient funds to start filming—each car was modified with grilles taken from a 1973 model for the film (though each retain the original front bumpers, lower valances, and fenders).
Shelby's big-block 1969 Mustang last sold for $96,000 in 2018.
However, the latest version draws heavily on the design both the 1967–1968 Mustang and Shelby GT 350/GT500. Ironically, the original Mustang was an American interpretation of European design aimed at the youngest, fastest-growing segment of the market – Baby Boomers – while the latest version interprets American design through a European ...
The sales of Shelby Mustangs increased six-fold from 1966 to 1967, and for 1968 Ford encouraged Shelby to move production from California to Michigan to simplify the logistics of shipping bare Ford Mustangs from their plant in New Jersey to Shelby. In November, 1967 Shelby American's operations were split into three separate companies.
The 2020 model year saw the re-introduction of the GT500. The 2020 GT500 includes a hand-built 5.2-liter "Predator" aluminum-alloy V8 engine with a 2.65-liter roots-type supercharger. The Shelby GT500 produces 760 hp (567 kW; 771 PS) and 625 lb⋅ft (847 N⋅m) of torque. The GT350 was discontinued at the end of the 2020 model year.
The 1967 model year Mustang was the first significant redesign of the original model. Ford's designers began drawing up a larger version even as the original was achieving sales success, and while "Iacocca later complained about the Mustang's growth, he did oversee the redesign for 1967."