My Car Quest

August 16, 2022

Car Of The Day – 1965 Shelby GT350 Mustang

No sale at a high bid of $450,000.

by Mike Gulett –

In 1964 Ford asked Carroll Shelby to transform the Ford Mustang from a “secretary’s car” into a race car. He did that and in 1965 the Shelby GT350 Mustang won the SCCA B/Production Class championship. There were 562 1965 GT 350s produced: 34 were the race version, 9 were drag racing models, 1 street prototype, 2 race prototypes and 516 street versions.

Shelby GT350 Mustang

In 1966 there were 2,367 GT350s made. These have become highly collectable and have increased in value over the years. The GT350 was produced until 1970, however, the 1965 and 1966 models are the most desirable and valuable.

I especially like the 1965 “double digit” cars, these are the first 100 produced for homologation purposes. They were all made at the San Jose, California Ford factory and then sent to Shelby in Los Angeles for the Shelby feature upgrades. The former San Jose Ford factory was turned into a shopping mall. All 1965 GT350s were painted Wimbledon White with Guardsman Blue rocker stripes. The blue Le Mans stripes were optional.

Shelby GT350 Mustang

I saw these classic cars when they were new driving around Los Angeles when I was a kid. I had Cobra T-shirts, decals, posters and postcards directly from the Shelby factory. The only thing I have left is a Cobra 427 postcard and an original Shelby factory Cobra decal placed on my skateboard.

I never did get a Shelby Cobra nor a GT350 because I went off into the Iso Grifo, Bizzarrini, and Lamborghini Espada world. But I still have my dreams and oh, I do have an AC Cobra Mk IV.

Shelby GT350 Mustang

The 1965 Shelby GT350 (No. SFM5S069) shown here is up for auction at Mecum Auctions May 14-19, 2019 in Indianapolis.

Shelby GT350 Mustang Engine

Mecum writes,

Engine: 289/306 HP
Trans: 4-Speed
Color: White
Interior: Black
ESTIMATE: Call for estimate

Received by Shelby American on December 23, 1964

Shipped to Ray Hunt Ford in Daytona Beach, Florida on March 8, 1965

Raced in the SCCA by original owner William Floyd

Took first place at the 1965 Regional Daytona Nationals and finished eighth overall

Went to take first place in B/P three times

Finished first in SCCA Southwest Region for 1965

Went on to win a SCCA National championship that year

Documented with copy of original invoice and racing history

Ownership detailed in the Shelby Registry

Comprehensive restoration

289/306 HP V-8 engine

High rise intake manifold

Welded tube headers and side exhaust

2 inch Glass Pack mufflers

Cast aluminum valve rocker covers

Cast aluminum oil sump

4-speed manual transmission

9 inch differential with 3.89 gears with Detroit Locker

Wimbledon White with Guardsman Blue Lemans stripes

Fiberglass rear floor with spare mounted beneath rear glass

8,000 RPM tachometer

15 inch wood-rimmed steering wheel

Radio delete plate

Correct Blue Dot tires and factory Cragar wheels

Dash autographed by Carroll Shelby

Factory trunk-mounted battery

Shelby GT350 Mustang

Let us know what you think in the Comments.

All photos compliments of Mecum Auctions.

1965 Shelby Mustang GT350  poster

Car Of The Day - 1965 Shelby GT350 Mustang
Article Name
Car Of The Day - 1965 Shelby GT350 Mustang
I especially like the 1965 Shelby GT350 “double digit” cars, these are the first 100 produced for homologation purposes and here is one up for auction.


  1. Fun cars to own and drive and every time you stop for gas, or whatever reason, people come by and tell stores about their neighbor that had one or how excited they are to see them being driven after all these years.

  2. Not sold at a high bid of $450,000!

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