Used Ford Mustang Shelby GT500 for Sale nearLudington, MI

How much does the Ford Mustang Shelby GT500 cost in today's market?

Used Ford Mustang Shelby GT500 prices span a wide range depending on model year. Here's what the market looks like right now:

The Ford Mustang Shelby GT500's current nationwide average price is $83,321, and its nationwide average price reached a low of $76,594 over the past year. Recently, prices have held firm or risen year-over-year across the most recent model years.

Is the Ford Mustang Shelby GT500 a good car?

Yes — the Ford Mustang Shelby GT500 is a compelling pick if you want a muscle car with standout performance and strong enthusiast appeal. The all-generations owner rating is 4.73/5 across every model year in the data.

Owners consistently praise its exhilarating power, impressive performance, and thrilling driving experience. They also highlight its muscular design and striking looks, while the overall character comes through as exciting and distinctive.

Expert reviews rate the 2020 model among the highest across all years.

The main trade-offs center on high ownership cost, limited cargo space, and a cabin that keeps things focused on performance rather than luxury.

32.6% of listings are priced as good or great deals.

Are Ford Mustang Shelby GT500 models reliable?

Owners and experts consistently praise the Ford Mustang Shelby GT500 for its thrilling performance, strong power delivery, and distinctive character. Across the model years in the data, it comes across as a car that delivers a memorable driving experience and strong enthusiast appeal.

• Owners rate the Ford Mustang Shelby GT500 between 3.8 and 5.0 out of 5 stars across all model years in the data.

For used buyers, long-term ownership risk is best managed by checking service history carefully and paying close attention to the drivetrain and transmission condition.

What should I look for when buying a used Ford Mustang Shelby GT500?

Across all model years, accident-free inventory is excellent at 91.5% — clean inventory, standard diligence applies.

Key things to evaluate:

• Infotainment: Sync 3 infotainment system with an 8-inch touchscreen, Apple CarPlay, Android Auto, HD Radio, satellite radio, FordPass Connect services, and nine stereo speakers
• Fuel efficiency: 12 mpg in the city and 18 mpg on the highway

Which Ford Mustang Shelby GT500 trim should I buy?

The 2020 Ford Mustang Shelby GT500 offers these trims:

• Shelby GT500: The core 2020 GT500 centers on the hand-assembled 5.2-liter V8, 760 hp, 625 lb-ft of torque, and the 7-speed dual-clutch automated manual transmission. It suits you if you want the full GT500 experience with the model’s defining performance hardware.
• Shelby GT500 with Technology Package: This version adds the Sync 3 infotainment system with an 8-inch touchscreen, Apple CarPlay, Android Auto, navigation, a 12-speaker B&O Play premium sound system, blind-spot monitoring, and rear cross-traffic alert. It is the best-value choice if you want the most useful everyday tech and driver-assistance content.
• Shelby GT500 with Carbon Fiber Track Package: This version adds upgraded tires and carbon fiber trim, along with carbon-fiber wheels and a carbon-fiber adjustable racing wing in the test-car description. It suits you if you want the most track-focused appearance and hardware in the 2020 lineup.

What Ford Mustang Shelby GT500 do most buyers choose?

The Ford Mustang Shelby GT500 years with the most listings are 2021, 2022, and 2020.

Higher-volume years usually give you more choices on color, mileage, condition, and pricing, which makes it easier to compare listings and find the right fit. They also tend to be the years shoppers return to most often because inventory is deeper and deal opportunities are easier to spot.

What is the Ford Mustang Shelby GT500's resale value?

Prices are moving upward across the model years shown, which means these GT500s have been retaining value well. That can make buying used feel more expensive up front, but it also signals strong demand and lasting desirability. The newer and lower-mileage examples are especially likely to command a premium.

The 2022, 2020, and 2021 model years have held their value best, with prices flat to rising year-over-year.

Is the Ford Mustang Shelby GT500 safe?

• 2020: 8/10

The 2020 Ford Mustang Shelby GT500 includes a blind-spot monitoring system and rear cross-traffic alert in the Technology Package.

For the safest used buy, the 2020 model posts the highest confirmed score of 8/10.

Should I buy a used Ford Mustang Shelby GT500 now?

Buy now if:

• Sweet-spot year: The 2021 model has the most listings at a current average price of $97,712. The Ford Mustang Shelby GT500 offers thrilling straight-line performance and a distinctive, collectible personality.

If you're buying used today, the 2021 model year offers the best mix of value and availability.

These recommendations are based on CarGurus' proprietary market data from September 15, 2026, CarGurus experts' opinions, and generative AI.