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For 2012, Shelby is offering his performance package on the convertible model for the first time since 1970 (coupe also still available). The new GT350 gets new bumpers, hood, wheels and colors to differentiate it from other Mustangs. You also get to pick how much power you’d like to handle. The base model gets 430-hp, from the normally-aspirated 5.0-liter V8, or you can choose to throw in one of two supercharger kits which can take the power upto 525-hp or 624-hp. So the tradition of fast Shelby’s continue.
Only 350 units of the GT350 will be produced for 2012, so if you want one, act fast. Prices start at $26,995 on top of the price for the donor.
The value of the 2011 Shelby GT350 has just gone through the roof, as legendary racer and tuner Carroll Shelby has admitted the car may be his last. But don’t worry performance fans, 87-year-old Shelby isn’t ready to retire just yet. Instead Shelby is looking to focus more on the parts business, rather than selling whole cars from his Shelby American performance facility in Las Vegas.
“I want to build fewer cars and sell more parts,” said Shelby in an interview with the Dallas News. “It’s hard to make any money on a car. But our parts business is growing 15 to 20 percent a year.”
Previous to the GT350, Shelby’s company produced the Shelby GT from 2007-08. The company built 5,000 of them, but Shelby admits that there’s just no market to sell that many version of a custom model any more.
Instead Shelby is looking to diversify his business and is even considering licensing a chain of shops that could work on and install Shelby American parts. Either way, we’re sure we haven’t heard the last of Carroll Shelby.
GALLERY: Shelby GT350
Carroll Shelby’s own tuning company Shelby American has announced the return of the GT350 model, debuting it at the Barrett-Jackson auction in Scottsdale 45 years after the original GT350 was released.
Based on the new 2011 Mustang GT, the GT350 gets a Ford Racing supercharged mated to the stock car’s 5.0-liter V8 to make roughly 500-hp – which shouldn’t be hard considering the stock motor already makes 412-hp. The engine also gets some bling with Blue Shelby GT350 valve covers and billet caps.
In addition, the GT350 conversion includes a complete aero kit with a dual central-exit exhaust system, 19-inch Cragar wheels, Goodyear tires and a Baer six-piston front brake setup up front. Several changes have been made to the suspension with Ford Racing springs, struts, sway bars and adjustable camber/caster plates.
“In 1964, Ford Motor Company asked Shelby American to turn their secretary’s car into a race winner to help them sell Mustangs,” said Carroll Shelby, founder of Shelby American. “Our Shelby GT350 ruled its class at the track and was feared by GM and Chrysler owners on the street. Enthusiasts have anticipated the GT350′s return since it went out of production in 1970. Now my band of hot rodders has created a car worthy of the name.”
All GT350 conversions are performed at Shelby American’s facility in Las Vegas for a price of $33,995 (plus the cost of the car). Yikes!
GALLERY: Shelby American GT350
Official release after the jump: