Remarkable 1968 Shelby Mustang GT500KR Convertible Hits the Market

Among the most coveted classic cars in the collector community, the 1968 Shelby Mustang GT500KR stands out for its performance and unique history. This particular model, one of only 518 convertibles produced that year, was completed on June 3, 1968. Originally delivered to Minar Ford in Minneapolis, Minnesota, this Mustang was subsequently repainted black prior to its sale, reflecting a common practice among classic car enthusiasts who often personalize their vehicles.
Under the hood, the 1968 Shelby Mustang GT500KR boasts an impressive 428 cubic inch Cobra Jet V8 engine. This powerhouse is paired with a three-speed automatic transmission, optimized for spirited driving. The vehicle also features a Traction-Lok differential, enhancing traction and stability during acceleration. Additional features include the Interior Dcor Group and the Visibility Group, which combine to enhance both aesthetics and functionality. Notably, this Mustang is equipped with a power-operated white soft top, a roll hoop for added safety, and functional hood scoops that pay homage to its racing heritage. The rear spoiler, front disc brakes, and 10-spoke 15-inch aluminum wheels further amplify its sporty appearance and performance credentials.
This specific GT500KR is now available for sale in Massachusetts, accompanied by a Deluxe Marti Report that documents its history, as well as a transferable New York registration that authenticates the vehicle's serial number as part of the Shelby Automotive lineage.
The GT500KR variant was introduced into the Shelby American lineup midway through the 1968 production year. Sharing its design with the GT500, the GT500KR was distinguished by its more powerful 428ci Cobra Jet engine. The exterior design is characterized by several distinctive features, including a fiberglass hood with a functional ram-air scoop, grille-mounted Lucas lights, and sequential taillights. The design also incorporates air scoops on the quarter panels, contributing to the vehicle's aggressive aesthetic.
Originally, this model left the factory with a striking Lime Gold finish, which has since been transformed to a bold black under previous ownership. The vehicle still retains its signature white GT500KR side stripes, enhancing its sporty look. Additional design elements include hood locks, fog lights, inboard grille-mounted driving lamps, and quad exhaust outlets that further emphasize its performance capabilities.
Equipped with upgraded suspension systems, the GT500 models featured heavy-duty coil springs, an anti-roll bar at the front, and heavy-duty leaf springs at the rear. Stopping power is provided by front disc brakes and rear drum brakes, ensuring strong performance across various driving conditions.
Inside, the front bucket seats are beautifully upholstered in black vinyl, complemented by woodgrain trim that accents the dashboard, center console, and door panels. The vehicle features a push-button radio, while safety was prioritized with a roll bar and inertia-reel seatbelts standard in Shelby models. The Visibility Group package adds convenience with under-dash courtesy lights and illumination for the glovebox, trunk, and engine compartment. An intriguing detail is the presence of Carroll Shelby's signature etched on the glovebox, a testament to the car's prestigious lineage.
The interior also boasts a woodgrain-trimmed steering wheel positioned in front of a 140-mph speedometer and an 8,000-rpm tachometer, alongside gauges that monitor fuel level and coolant temperature. A Stewart-Warner ammeter and oil pressure gauge are conveniently mounted in the center stack. The odometer currently shows approximately 33,000 miles, with around 300 of those miles accrued during the current owner's stewardship.
Powering this classic is the factory-equipped 428ci V8 engine, featuring a four-barrel Holley carburetor and distinctive Cobra Le Mans-branded valve covers. The power is efficiently transmitted to the rear wheels through the three-speed automatic transmission, paired with a 3.50 Traction-Lok differential for optimal performance.
The Deluxe Marti report accompanying the vehicle confirms its June 3, 1968 production date and provides an insightful overview of its factory specifications and production statistics. As an added note, the car is located in a state that does not issue titles for vintage vehicles, meaning it is being sold with its transferable New York registration, which also lists the vehicle identification number as part of its authenticity.