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Heavy price increase in Ford Mustang GT500: Check here

When Ford unveiled its 760-horsepower (567-kilowatt) Shelby GT500 for the 2020 model year, it came with a starting price of just over $70,000. Specifically, it was $70,300 but that didn’t include two mandatory fees: a $2,600 gas guzzler tax and a $1,095 destination charge. Added up, the muscular Shelby started at $73,995, and with the exception of a small bump in the destination fee, the price hasn’t changed. Until now.

2022 Ford Mustang Shelby GT500 Heritage Edition Front Corner High Angle

The 2022 Ford Mustang Shelby GT500 starting price climbs to $73,465. It’s a year-over-year increase of $3,165, which is not insignificant by any means. A Ford spokesperson confirmed this increase to Motor1.com, while also pointing out that it’s the first base-price increase since the current generation went on sale in 2019.

With the gas guzzler tax included, the price climbs to $76,065 and that still doesn’t include destination charges. Provided the fee holds steady at $1,195, the total minimum price for a 2022 Shelby GT500 checks in at $77,260.

It’s a sizable jump, but we’ve heard more than a few stories of insane dealership markups for the muscular Shelby when it went on sale.  A quick search today suggests the markups have subsided but still exist. So while a $3,165 bump isn’t small, it likely won’t deter buyers in this very niche performance segment.

Pranchal Srivastava