2007 Ford Shelby GT500 Review | Edmunds.com

2007 Ford Shelby GT500

Certified Pre-Owned (CPO) is a category of used car. Often late-model vehicles, they have been inspected, refurbished, if necessary, and are under warranty by the manufacturer.
Ford Shelby GT500 Features and Specs

Features & Specs

  • Engine 5.4 L V 8-cylinder
  • Drivetrain Rear Wheel Drive
  • Transmission 6-speed Manual
  • Horse Power 500 hp @ 6000 rpm
  • Fuel Economy 14/20 mpg
  • Bluetooth No
  • Navigation No
  • Heated Seats No

Review of the 2007 Ford Shelby GT500

  • An intoxicating mix of '60s-era muscle and modern-day refinement, the 2007 Ford Shelby GT500 is one of this year's top performance buys.

  • Safety
  • Pros

    Supercharged V8 gives it the acceleration and speed of an exotic, reasonable price, agile handling, old-school styling cues.

  • Cons

    Low-grade interior plastics, hefty curb weight, still uses a low-tech solid-axle rear suspension, missing some key safety features.

  • What's New for 2007

    The successor to the SVT Cobra, the 2007 Ford Shelby GT500 is a high-performance version of the current-generation Mustang. It's the most powerful production Mustang ever.

Full 2007 Ford Shelby GT500 Review

What's New for 2007

The successor to the SVT Cobra, the 2007 Ford Shelby GT500 is a high-performance version of the current-generation Mustang. It's the most powerful production Mustang ever.


Forty years after the debut of the original GT500, Ford has once again teamed up with legendary Mustang tuner Carroll Shelby to create the 2007 Ford Shelby GT500. With the telltale Cobra emblem the only bit of brightwork on its blacked-out grille and a 500-horsepower, supercharged V8 stuffed under its hood, the Shelby GT500 is the most powerful road-going, factory-produced Mustang of all time. It's also one of the best performance buys for 2007, with a low-$40Ks price tag on the coupe version and a mid-$40Ks sticker on the convertible.

Unlike the late-1960s GT500, the 2007 GT500 doesn't rely on a massive 428-cubic-inch (7.0-liter) V8 to juice its rear tires. Rather, it uses a small-block, 5.4-liter V8 that's basically a detuned version of the engine from the GT supercar. On the GT500, supplier and cost concerns required the use of a wet-sump oil system (instead of dry-sump), a cast-iron block (instead of aluminum) and a "Roots-type" supercharger with 9 psi of boost (instead of an Eaton "screw-type" with 13.5 psi). But the GT's four-valve aluminum heads transferred over unchanged to the Shelby GT500, as did many smaller items, such as the piston rings and bearings. The result is 500 hp, 480 pound-feet of torque and a mid-4-second 0-60-mph estimate. Assuming the GT500 makes good on that claim, it would be the quickest car under $50,000.

To manage that horsepower boost, Ford's Special Vehicle Team (SVT) engineers reworked the Mustang's MacPherson strut front suspension, fitting stiffer shocks, higher-rate springs and an upgraded stabilizer bar. The solid-axle rear suspension uses upgraded springs as well, along with a Panhard rod to control wheel movement. Although a non-independent rear suspension might seem out of place on what's supposed to be a state-of-the-art performance car, the GT500 proves to be an agile and willing performer, whether on a racetrack or a remote two-lane road. Credit goes to the quick rack-and-pinion steering system, as well as the liberal traction control system, which allows for plenty of tail-out thrills. You can thank Carroll Shelby for the GT500's 18-by-9.5-inch wheels and 255/45 front and 285/40 rear Goodyear F1 tires: After driving a prototype, Shelby insisted on larger rolling stock to better manage the car's power and handling capabilities.

If there's a downside to the top Mustang's drivetrain, it's poundage. Ford lists the Shelby GT500's curb weight at 3,920 pounds in coupe form and 4,040 pounds for the convertible. That's about 400 pounds more than the equivalent Mustang GT. Although we wish this king of all Mustangs weighed less and had better interior materials, there's no denying the performance bargain the 2007 Ford Shelby GT500 represents for muscle-car fanatics. If you missed out on the original GT500, here's another opportunity to get in on the fun.

Body Styles, Trim Levels, and Options

The 2007 Ford Shelby GT500 is sold as a four-seat coupe or convertible in a single trim level. Standard equipment includes 18-inch machined aluminum wheels with Goodyear F1 tires measuring 255/45ZR18 in front and 285/40ZR18 in back, a domed hood with functional heat extractors, a front air splitter and a ducktail-style rear spoiler. Inside, you'll find air-conditioning, leather-upholstered sport bucket seats with Cobra logos, six-way power adjustments for the driver, a 500-watt stereo with an in-dash CD changer, cruise control and full power accessories. The GT500 convertible also comes with a power-operated soft top. Both the coupe and the convertible have "GT500" side stripes, while the coupe also has racing stripes from nose to tail; Ford offers a stripe-delete option for buyers who prefer a stealth look. Options include an upgraded 1,000-watt sound system and Sirius Satellite Radio. A sunroof is not available on the coupe.

Powertrains and Performance

All Shelby GT500s are rear-wheel drive. Under the vented hood, you'll find a supercharged 5.4-liter V8 with an iron block and four-valve aluminum heads that provides 500 hp at 6,000 rpm and 480 lb-ft of torque at 4,500 rpm. A Tremec six-speed manual gearbox routes all that through a 3.31 limited-slip rear axle. No automatic transmission is available. Ford says the GT500 is capable of a 4.5-second 0-60-mph time at the test track and over 20 mpg on the highway.


Standard braking hardware consists of Brembo four-piston calipers squeezing 14.0-inch vented rotors up front and 11.8-inch vented discs clamped by two-piston calipers in back. ABS and traction control are included, as are front seat-mounted side airbags. Stability control and side curtain airbags are not available. Buyers should also note that the GT500 has no spare tire, just a temporary inflation kit.

Interior Design and Special Features

Shelby GT500 buyers can choose between an all-black and a black-and-red interior decor. The shifter knob is aluminum, and metallic trim is scattered about the cabin. An interior upgrade package provides stitched leather trim for the instrument hood and center console, along with aluminum covers for the pedals and an auto-dimming rearview mirror. Compared to the Mustang GT's gauge pack, the speedometer and tachometer have swapped places (the tach's on the right), and there's now a boost gauge and a message center. Additionally, the front seats have more lateral bolstering to hold you in during hard cornering. There's too much hard plastic for a car in this price range, but ergonomics are solid and you can carry a couple of children in the backseat. Trunk capacity measures 12.3 cubic feet.

Driving Impressions

With more power than any of the revered Shelby Mustangs of the 1960s, the 2007 GT500 offers performance that's nothing short of intoxicating. Just as its specs suggest, the Shelby GT500 moves out with exotic-carlike verve when you boot the throttle. Its deep well of torque, combined with a low-frequency exhaust bellow and high-pitched supercharger whine, make you want to access those 500 ponies again and again. Triple synchros in 1st and 2nd gear give the transmission a positive, crisp feel when swapping gears, and the overall driving experience manages to be both civilized and brutal, depending on where you position the accelerator pedal. Despite its 2-ton curb weight, Ford's GT500 is good for more than just a drag strip performance. Careful suspension tuning by Ford's engineers and a quick steering ratio make it feel surprisingly nimble through the turns, while a liberal traction control system allows for plenty of "slideways" action.

What Others Are Saying

Customer Reviews

40th #289

by on
Vehicle: 2007 Ford Shelby GT500 2dr Convertible (5.4L 8cyl S/C 6M)

Truth be known, I was disappointed when iI first purchased my 07, not because of the over msrp, but what I expected from Shelby. Truth is I don't think Mr. Shelby got what he really wanted from Ford when it was finished. I took my car to Las Vegas to CSM (shelby's garage) a year after purchase. WOW!!!! Now lets talk finish! Carbon fiber everywhere! new suspension! New exaust! 20" wheels and tires! Stripes back on the drop tops! Numberplates and signature plates! The car is a blast to drive, handles like a dream, and looks 10 fold better. Worth every nickle for the 40th package! And Ford still warrantees it. Nope, I don't work for him, just satisfied with my Shelby now! '07 owners inquire!

1 of 1 people found this review helpful

Excellent performance for the money

by on
Vehicle: 2007 Ford Shelby GT500 2dr Coupe (5.4L 8cyl S/C 6M)

This has to be the finest performance car I have ever owned! I have been fortunate to own Corvettes, 350Z, Z3, TransAms, Mustang GTs, even a 67 GT390 Mustang and this car is the best of them all. I purchased the car USED with only 2400 actual miles and have not been disappointed. The Shelby had a full Roush exhaust system installed on it before it left the Ford dealership and it has a terrific sound. Far better than the stock system I test drove on other cars. The gas mileage is excellent and as stated on the window. For anyone looking at one of these cars the performance and handling are terrific. It does have the wheel hop under hard acceleration but the TCS work good.For the money buy it!

My shelby

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Vehicle: 2007 Ford Shelby GT500 2dr Coupe (5.4L 8cyl S/C 6M)

I car sounds ridicously good gets alot of looks, butits kind of hard to drive in the rain especially going up hill. Car bounces alot on rough surfaces, but on smooth surfaces this car is ridiclously fast. On a tank of gas i can get up to 480kms on the highway and in the city if i drive fast around 270kms out of a tank. The car has had a clutch break down and replaced transmission bearings which ford fixed for free it cost 7300 dollars just in parts. They said they wouldnt have covered it but since it only had 10 thousandkms People either love this car or just dont notice it. On cornering the car feels realyl front heavy

Pavement ripper

by on
Vehicle: 2007 Ford Shelby GT500 2dr Coupe (5.4L 8cyl S/C 6M)

I love it! It is so smooth and easy to drive that you forget how fast it is until you notice the other traffic disappearing behind you. Despite its power and acceleration it gets better gas mileage than a lot of less capabile cars. The brakes are always strong and I haven't caused them to fade yet. The distinctive good looks and exhust sound cause people to look at you as you cruise through the parking lot. You also get to meet a lot of new people that like cars. It seems that everyone that likes cars is drawn to the GT500.

Skipping rear end

by on
Vehicle: 2007 Ford Shelby GT500 2dr Coupe (5.4L 8cyl S/C 6M)

Everything is good with the handling except the solid rear axle causes the rear end to "skip" all over the place if there is the slightest imperfection in the road surface. With maximum acceleration in 1st gear it is always evident and gives the certain sense of loss of control. Rear suspenion certainly needs to be independent.

In love with my shelby

by on
Vehicle: 2007 Ford Shelby GT500 2dr Convertible (5.4L 8cyl S/C 6M)

I love this car. I owned 4 others over the years. This is one great car. I have to be careful because you don't realize your doing 80 or better while tooling along. We took a trip to Vegas in her and she cruised along like a dream. I don't know to say but this little red is a keeper.

Talk About The 2007 Shelby GT500

2007 Ford Shelby GT500 Discussions See all Started By

I was wondering if there was going to be aconvertible for the 2007 Shelby Cobra GT500? I contacted my local SVT dealer and they said that there was not going to be intentional. I don't believe that t?...

The winning bidder will get an early VIN 2007 Shelby GT500 coupe, the first one offered for sale to the public. The car will be produced to the successful bidder’s specification, including th...

If you're like me and want info on the 2007 Ford Shelby GT500, then you're going to want to read this article found in C&D....

Gas Mileage


  • 14
  • cty
  • 20
  • highway
Calculate Yearly Fuel Costs
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