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Shelby GT350 / GT500 2nd Gen

Overview

Produced from 1969 to 1970, the second-generation Shelby GT350/GT500 featured updated styling, more powerful engines, and performance upgrades. These cars continued the Shelby Mustang legacy as high-performance muscle cars for enthusiasts and racers.

Distinctions

What sets this car apart, from being selected for the Octane Files to becoming a legend.

In the files

Selected for its history, engineering, or cultural weight.

The scorecard

Rated 1 to 10 on the traits that matter for owning, driving, and holding on to a car like this.

Desirability

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Rarity

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Driving Thrill

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Investment Trajectory

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Usability

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Ease of Restoration

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Cultural Impact

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Electronic dependence

Fully analogHeavily electronic

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Market Data

Demand tier, price trend, and typical values by condition, based on recent sales data.

Desirability Tier

Blue-chipHighSolidEntry

Strong, sustained collector demand. Good examples never wait long for a buyer.

Value Trajectory

AppreciatingStableCooling

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Price by condition

Driver

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Excellent

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Concours

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Buyer's guide

What anyone seriously considering this car should know first.

Why it's worth it

The last Shelby Mustangs until the 2007 revival - the end of the original Shelby-Mustang line.

Callout

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What to watch for

Verify via the Shelby registry; the 1970-titled leftover '69s are legitimate but need documentation.

The Story

Driving Character

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Design

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Motorsport Pedigree

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In Culture

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Where it comes from

Related cars from the same manufacturer family, like platform siblings or shared-era relatives.

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Rivals

Cars from other manufacturers that competed for the same buyers when new.

Rivals: Boss 302/429, Camaro Z/28. If you like it: Boss 429, first-gen GT500.

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Owning One

Why collectors want it

The final, larger 'big' Shelbys on the '69-70 Mustang; distinctive fiberglass nose and side scoops, the last of Carroll Shelby's original Mustang era.

Which one to look for

'69-70 GT350 (351), GT500 (428 CJ); leftover '69s VIN-updated as 1970 cars.

What owning one is like

Rust, clones, the '70-titled-'69 quirk, fiberglass nose repairs.

Upkeep & Parts

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Resources

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All cars

Country of Origin

USA

Class

Muscle

Production Years

1969–1970

Units Built

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Marque

Shelby

Model

GT350 / GT500

Nickname

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Body

Convertible, Coupe

Layout

Front-engine, RWD

Engine

351W (GT350), 428 Cobra Jet (GT500).

Transmission

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Designer

Carroll Shelby / Ford