The 2020 Ford Mustang Shelby GT500 VIN 001, the first production unit, will be auctioned at Barrett-Jackson on January 12, 2019, in Arizona. The proceeds will go to the Juvenile Diabetes Research Foundation. Automakers have a long history of auctioning off special cars at major auctions with the proceeds going to a worthy charity. This event will happen only four days after the car’s debut at the Detroit Auto Show.
Ford is keeping all the details secret for its super-powered Mustang. What we do know, is it will have 700-hp from a supercharged V8 engine. Fingers point to a version of the 5.3-liter engine found in the GT350, without the car’s flat-plane crankshaft, topped with a 2.65-liter Easton supercharger that gives out 12 psi of boost. The GT500 is rumored to offer both the six-speed manual and seven-speed dual-clutch gearboxes routing all the power to the rear wheels.
Production to the public will start in the fall of 2019. Ford plans to donate more than $2 million annually to the Juvenile Diabetes Research Foundation, starting with the auction of the GT500. Over the last 35 years, Ford has contributed a total of $60 million to the charity.
Written by: Andee Oehm
Image Credit: Ford