Ford Mustang 1967 Shelby GT350

The 1967 Shelby GT350 was built on Ford’s newly widened Mustang body, but under the hood it stayed a 306-horsepower, 289-cubic-inch small-block built for real performance. Only 1,175 were made that year, fewer than half as many as the new big-block GT500, and it marked the last GT350 developed under Carroll Shelby’s direct supervision. Here’s what made this particular model year such a turning point for the badge.

Shelby put a spin on the redesigned 1967 Mustang. The 1967 GT350 was more street friendly than the earlier versions, and still looks great today…

By 1967, Carroll Shelby had a problem most car builders would kill for: his own creation had gotten too civilized for some purists, and too raw for everyone else. The GT350 that rolled out that year rode on a redesigned Mustang body, wore a wider stance, and traded some of its earlier ferocity for genuine daily-driver manners — a decision that quietly made it one of the rarest Shelbys ever built. Fewer than 1,200 were assembled before Shelby’s own direct involvement with the car came to an end. What got left behind when the GT350 grew up?

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The Last Shelby-Built GT350

The 1967 Shelby GT350 carried Ford’s redesigned, wider Mustang body, but its heart stayed true to the model’s original mission: a 289-cubic-inch High-Performance V8 tuned with a Holley four-barrel carburetor, an aluminum intake manifold, and solid lifters, good for a factory-rated 306 horsepower. It could push the car to a claimed 129 mph and was offered with either a four-speed manual or a rare four-speed automatic. Base price ran about $3,995 — real money in 1967, but a bargain for what amounted to a race-bred small-block with license plates. It would also be the last GT350 built with Carroll Shelby personally overseeing development before Ford’s own team took the reins of the Shelby line.

Rare by the Numbers

Ford built only 1,175 GT350s for 1967 — modest even by the model’s already-low standards, and dwarfed by the 2,041 examples of the newly-launched, big-block GT500 that same year. That imbalance flipped the pecking order Shelby had established just two years earlier, when the GT350 was the only Shelby Mustang money could buy. Today, that scarcity — combined with its status as the final Shelby-supervised 289 car — makes the 1967 GT350 one of the more sought-after variants among Mustang collectors, particularly cars that retain their original drivetrain and documentation.

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