Since the new-for-1967, second-generation Mustang body shell had been specifically designed to accept Ford’s larger FE-Series 390 CI big-block engine, Shelby dropped Ford’s higher- displacement Police Interceptor 428 CI mill into the popular pony car’s engine bay to create the top-of-the-line GT500. Featuring heightened levels of luxury and refinement, the GT500 exuded a decidedly grand touring persona with awesome performance on command. While Ford conservatively rated the 428 at 355 HP, actual output was closer to 400 with a massive 420 lb-ft of sheer tire- and pavement-scorching torque. Ford Motor Company stylists ensured the Shelby GTs retained their own unique identities, and for 1968, the GT500 was comprehensively updated with an aggressive new front-end treatment, including a lengthened hood and front fenders, air scoops and louvered cooling vents, a neatly integrated rear spoiler and revised head and tail lamps, with the rear units borrowed from the 1965 Thunderbird. Inside, a neatly covered roll bar with inertia-reel shoulder belts was added, and for the first time, handsome convertible variants of both the GT350 and the top-line GT500 were available. According to the Shelby American Automobile Club (SAAC), just 402 GT500 convertibles, including one for the Hertz Rent-A-Car company, were produced for 1968. Obviously, all extant examples are highly sought-after by hard-core collectors and Shelby enthusiasts today. Carrying Shelby No. 02448, this example is accompanied by a copy of the original bill of sale. Sold new at Stinson Ford Sales in Rutland, Vermont, on August 1, 1968, it retains the original drivetrain and, thanks to Ziebart undercoating, the original sheet metal. The potent 428 CI Police Interceptor V-8 engine delivers its power via a C6 automatic transmission and 3.50 rear-axle ratio, with the drive enhanced by power steering and power brakes with front discs. The power convertible top features a glass backlite, and the interior features Saddle Decor bucket front seats and, of course, the distinctive Shelby integral roll bar. Other choice highlights include wheel lip moldings, a Deluxe interior with center console, a Deluxe steering wheel and a remote outside mirror. Featuring iconic styling, ferocious performance and rarity, this 1968 Shelby GT500 Convertible exemplifies 1960s high performance with an equal dose of style and grand touring-inspired luxury.
