26 July 2016

Classic Classified: 1966 Shelby GT350H

Classic Classified: 1966 Shelby GT350H
From: Cars & Parts
Date: March 1983
Price then: $16,500 ($39,800 adjusted for inflation, about the cost of a new 2016 Ford Mustang GT today)
Price now: $108,000 - $205,000
Approximate dollar difference: $165,200 (assuming No. 1 condition)
Annual rate of return: 5%

“Mustang 1966 Shelby GT 350H Hertz model. 24,000 miles, 271hp, 289 Cobra V8, automatic, beautiful black, gold stripes, definitely show condition. Correct to detail. Feature car in magazines $16,500.”

If you could not afford a Shelby Mustang for yourself back in 1966, you could have rented a Shelby GT350H for $17 per day and 17 cents per mile. Later, these cars were refurbished and sold to the public. Nowadays, they are sought-after artifacts of the muscle car era. Like anything with the Shelby name attached to it, GT350s tend to lead the charge when muscle car values appreciate. This example would have netted the buyer a great appreciation over time while also bestowing the privilege of driving Mustang royalty.


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