2021 Ford Mustang Shelby GT500 Coupe

MSRP $72,900

Ranked #16 in Midsize Coupe

2021 Ford Mustang Shelby GT500 Coupe Price, Review, Ratings and Pictures

Updated on: July 12, 2021

Nathan Dyer's image
Nathan Dyer 

Senior Editor


The Ford Mustang Shelby GT500 has always been a serious performance American muscle car. The 2021 Ford Mustang Shelby GT500 has added the Carbon Fiber Handling package for $10,000, which includes several upgrades and carbon fiber elements. Three new paint jobs are also available. This time there is no option for the convertible, and you get only a limited edition Super Snake version.

See detailed review »

Pros

Powerful V-8 engine

Super-car beating performance

Comfortable and practical for daily usage

Track-ready handling

Cons

Interiors don’t match the exorbitant price

Gas guzzler in urban conditions

Optional track package is very expensive

Limited rear-seat space

What's New?

Gets new carbon fiber handling package

New exterior color options

CoPilot360 driver assistance is now standard


Features

vehicle bio

base price

$72900

bodystyle

2dr Coupe

passenger capacity

4

drivetrain

rear wheel drive

engine type

displacement

315 cu.in.

horsepower

760 hp @ 7300 rpm

torque

625 lb.-ft. @ 5000 rpm

transmission

5 speed manual w/OD

dimensions

wheelbase

107.1 in.

length

188.9 in.

width

75.9 in.

height

54.2 in.

curb weight

4225 lbs.

ground clearance

4 in.

capacity

passenger volume

84.5 cu ft.

cargo volume

13.5 cu ft.

fuel economy

city/combined/highway

12/15/18 mpg

highway range

288 mi.

warranty

basic warranty

3 yr./ 36000 mi.

powertrain warranty

5 yr./ 60000 mi.

corrosion warranty

5 yr./ unlimited mi.

roadside assistance

Yes


Pictures & Videos


Trims

Base$72,900 onwards

Colors and Styles

2021 Ford Mustang Shelby GT500 Coupe in Black Forest Green color
Black Forest Green

Vehicle images are guides only and may not reflect the model's exact specifications/features– exact specifications/features should be confirmed with the seller.

Expert Review, Pricing Analysis and Buying Guide


Sitting at the top of the range, the 2021 Ford Mustang Shelby GT500 gets a unique 5.2L supercharged V8 engine with a cross-plane crank. With a starting price of $70,300, the GT500 is in the crosshairs of other high-performance muscle cars like the Chevrolet Camaro ZL1, Dodge Challenger SRT Hellcat Redeye Widebody, and even the BMW M4 Coupe.

2021 Ford Mustang Shelby GT500 Coupe Features

The Cobra-badged Mustang is only available in one trim level for 2021 after the discontinuation of the GT350. The standard equipment list is extensive with features like 20-inch alloy wheels, Recaro front bucket seats with heating and cooling function, a 12-inch digital instrument cluster, dual-zone climate control, an 8-inch touchscreen infotainment system with all the modern features, and more.

Trim

GT500

MSRP (RWD)

$70,300

MSRP (AWD)

N/A

Key Features

20-inch alloy wheels

 

6-way power-adjustable front sports seats with heating and cooling

 

Remote start system

 

Carbon fiber rear spoiler

 

Magneride suspension

 

12-inch digital instrument cluster

 

Dual-zone climate control

For improved handling, the optional carbon fiber handling package adds 20-inch carbon-fiber wheels, adjustable suspension, and also raids the aero parts bin. The 2021 Ford Mustang Shelby GT500 comes equipped with a pretty good list of safety tech and other features for convenience.

Which Trim should you buy?

Since the GT350 is discontinued for 2021, the GT500 is the only trim available with the cobra badge. With a starting price crossing the $70,000 mark, the GT500 is very well equipped and offers supercar rivaling performance at an affordable price. Although the optional track package adds a lot more features, the base trim should satisfy most customers. You can go for the carbon fiber handling package if you are serious about the handling and the performance of the car.

2021 Ford Mustang Shelby GT500 Coupe Engine and Performance

The 2021 Ford Mustang Shelby GT500 gets a 5.2L “Predator” supercharged V8 engine belting out an impressive 760 hp and 625 lb-ft of torque. Enthusiasts will be sad to learn that the ubiquitous 6-speed manual transmission is not available. However, the 7-speed DCT transmission is equally competent with precise shifts and pairs well with the fire-breathing V8. Even with the standard summer tires, the Mustang shoots to 60 MPH in just 3.4 seconds and crosses the quarter-mile in 11.3 seconds, easily beating all of its rivals.

Fortunately, even with such a powerful engine, the Mustang is very tractable and easy to drive on a daily basis with quick and imperceptible shifts from the DCT transmission. Surprisingly, models equipped with the track package are slower in a straight line but manage to outpace the standard model on a race track. In fact, the Mustang GT500 is so good on a race track, it even beats purpose-built sports cars like the Porsche 718 Cayman and Lamborgini Huracan EVO while being practical and comfortable, giving it a dual personality.

Models

2021 Ford Mustang Shelby GT500

2021 BMW M4

2021 Chevrolet Camaro ZL1

2021 Dodge Challenger SRT Hellcat Redeye Widebody

MSRP

$70,300

$71,800

$63,000

$59,570

Engine

5.2-liter Supercharged V-8

3.0-liter Twin Turbocharged Inline-6

6.2-liter Turbocharged V-8

6.2-liter Supercharged V-8

Drivetrain

RWD

RWD

RWD

RWD

Transmission

7-speed DCT automatic

6-speed manual

6-speed manual

8-speed automatic

Power (hp @ RPM

760 @ 7,300

473 @ 6,250

650 @ 6,400

797 @ 6,300

Torque (lb-ft @ RPM)

625 @ 5,000

406 @ 2,650

650 @ 3,600

707 @ 4,500

0-60 MPH (seconds)

3.4

3.8

3.6

3.5

Quarter-Mile (seconds)

11.3

12

11.7

11.9

Top-Speed (MPH)

186

180

198

203

With a supercharged V8 engine, the GT500 nudges past both the Chevrolet Camaro ZL1 and Dodge Challenger Hellcat. The BMW M4 manages to come surprisingly close to its American rivals even with the significant power deficit. Still, the 2021 Ford Mustang Shelby GT500 remains the fastest car of the lot in the 60 mph sprint and quarter-mile run.

How well does the 2021 Ford Mustang Shelby GT500 handle?

With the latest generation, Ford has completely overhauled the suspension setup with an independent setup at the rear that complements the chassis well. In fact, the Mustang feels more like a corner craving sports car than a muscle car, especially in the GT500 trim. The handling is very accurate and predictable with a stiff chassis. The Mustang is on the heavier side though, but the performance more than makes up for it, and the heft is barely noticeable during corners.

The steering is very direct with plenty of feedback while still being light enough for daily usage. The GT500 is also surprisingly comfortable thanks to standard adaptive dampers that absorb undulations well. It offers a blend of handling and comfort with mind-boggling performance.

Braking Performance

To stop this 4,000-pound behemoth, Ford has equipped the Mustang with massive 16.5-inch brakes at the front and 14-6-inch rotors at the rear. They are surprisingly effective, and the Mustang takes just 94 feet to drop anchor from 60 MPH, which is supercar territory. The brakes are very progressive with plenty of feedback and are the largest in class.

Models

2021 Ford Mustang Shelby GT500

2021 BMW M4

2021 Chevrolet Camaro ZL1

2021 Dodge Challenger SRT Hellcat Redeye Widebody

Brake Rotors: Front (inches)

16.5

15

15.35

15.4

Brake Rotors: Rear (inches)

14.6

14.6

14.4

13.8

Curb Weight (lbs)

4,182

3,830

3,907

4,494

60-0 (feet)

94

98

96

107

With massive brakes and relatively low curb weight, the Ford Mustang GT500 stops better than all of its rivals. Both the BMW M4 and Chevrolet Camaro Zl1 come close, while the Dodge Challenger takes a while longer. The 2021 Dodge Challenger SRT Hellcat Redeye Widebody is also the heaviest car of the lot.

2021 Ford Mustang Shelby GT500 Coupe Fuel Economy

As expected with the big supercharged V8, fuel economy is at a disadvantage for the 2021 Ford Mustang Shelby GT500. It manages to return just 12 mpg in the city and 18 mpg on the highway. The combined fuel economy can go up to 14 miles per gallon. The average-sized 16-gallon fuel tank also limits highway range to just 288 miles, making it inconvenient for longer trips and warrants more top-ups during a typical track day.

Models

2021 Ford Mustang Shelby GT500

2021 BMW M4

2021 Chevrolet Camaro ZL1

2021 Dodge Challenger SRT Hellcat Redeye Widebody

MPG (City)

12

16

14

13

MPG (Highway)

18

23

20

22

MPG (Combined)

14

19

16

16

Fuel Capacity (Gallons)

16

15.6

19

18.5

Range (City/Highway/Combined, in Miles)

192/288/224

250/359/296

266/380/304

240/407/296

The GT500 is the least efficient among its rivals with a combined rating of 14 mpg. Even with more power on tap, the Dodge Challenger Hellcat manages 16 mpg combined, similar to the Chevrolet Camaro ZL1. However, the BMW M4 takes the crown with an impressive 19 mpg of combined fuel economy. When comparing the overall range, Chevrolet ZL1 offers the most at 304 miles combined.

2021 Ford Mustang Shelby GT500 Coupe Interior

For a performance-focused sports car, the 2021 Ford Mustang Shelby GT500 is surprisingly spacious on the inside and offers plenty of features as standard. Unfortunately, quality is similar to the regular models and doesn’t match the high price tag. Passenger and cargo space is similar though, and the GT500 can still squeeze in two passengers behind the sporty Recaro front bucket seats. Features like heated and ventilated front seats, dual-zone climate control, power-adjustable driver’s seat, a 12-inch digital gauge cluster, and a high-quality aluminum dashboard trim make the GT500 easy and comfortable to live with.

As always, the retro-themed interiors perfectly match the Mustang with an 8-inch touchscreen infotainment display, and climate controls are well integrated into the center console. The rotary gear selector looks out of place for a performance car like the GT500 and a proper gear knob is sorely missed. Trunk space is also impressive at 13.5 cubic feet. Options like carbon-fiber dashboard trim, leather-trimmed Recaro seats, and rear seat delete are available to spruce up the cabin. 

Models

2021 Ford Mustang Shelby GT500

2021 BMW M4

2021 Chevrolet Camaro ZL1

2021 Dodge Challenger SRT Hellcat Redeye Widebody

Seating Capacity

4

4

4

5

Front Row (Headroom/Shoulder Room/Leg Room, in inches)

37.6/56.3/44.5

40.3/55.1/41.7

36.6/55.5/42.7

39.3/58.5/42

Rear Row (Headroom/Shoulder Room/Leg Room, in inches)

34.8/52.2/29

35.8/51/34.7

33.5/50.3/29.9

37.1/53.9/33.1

Trunk Capacity (cubic feet)

13.5

15.5

9.1

16.2

With plenty of cabin room, the Mustang GT500 matches both the BMW M4 Coupe and Chevrolet Camaro ZL1 in terms of space. However, the Dodge Challenger is in a different league with a lot more interior space and a usable back seat with enough space to squeeze in an extra passenger. When comparing the cargo space, again Dodge Challenger takes the cake for class-leading space of 16.2 cu-ft. Some notable interior features include:

  • 12-inch digital gauge cluster
  • Dual-zone climate control
  • Heated and cooled front seats
  • Sporty Recaro bucket seats with power-adjustability for the driver
  • Keyless entry
  • Leather-wrapped steering wheel

What’s there to keep you entertained?

Fortunately, Ford includes the latest Sync 3 infotainment system as standard on the GT500, similar to the regular models. The 8-inch touchscreen interface is easy to use and offers all the modern features like Apple CarPlay and Android Auto connectivity, Wi-Fi hotspot, voice control, FordPass connect, satellite radio, and a 12-speaker Bang & Olufsen premium sound system. Ford has also provided physical knobs for volume and tuning for easier access. Some notable infotainment features include:

  • Ford Sync 3 infotainment system with an 8-inch touchscreen display
  • Apple CarPlay and Android Auto connectivity
  • Wi-Fi hotspot
  • FordPass connect
  • Satellite radio
  • 12-speaker Bang & Olufsen audio system

2021 Ford Mustang Shelby GT500 Coupe Exterior

With plenty of retro design cues of older generation Mustangs, the new model looks like a thoroughly modern muscle car with a large footprint and sleek headlights. The 2021 Ford Mustang Shelby GT500 gets the signature cobra badge at the front and plenty of styling to distinguish it from the rest of the pack. From the front, the redesigned grille with huge air dams and the slotted bonnet give the GT500 an imposing and aggressive look, especially when optioned with stripes.

There are huge vents on both sides to cool the brakes. Move on to the sides and the flared wheel arches coupled with the massive 20-inch alloys gel well with the overall design without being too outlandish. A subtle body kit is also provided which includes a front spoiler and a rear diffuser. At the rear, the prominent diffuser, decklid spoiler, and massive quad-exit exhausts complete the look.

Models

2021 Ford Mustang Shelby GT500

2021 BMW M4

2021 Chevrolet Camaro ZL1

2021 Dodge Challenger SRT Hellcat Redeye Widebody

Curb Weight (lb)

4,182

3,830

3,907

4,494

Length (inches)

188.9

189.1

190.2

197.5

Width (inches)

75.9

74.3

75

79.2

Height (inches)

54.2

54.8

52.9

57.2

Ground Clearance (inches)

N/A

N/A

N/A

4.5

Wheelbase (inches)

107.1

112.5

110.7

116.2

Ford has done an excellent job distinguishing the Shelby from the rest, and it definitely looks as fast as it goes. In terms of size, the Dodge Challenger Hellcat is easily bigger than the rest, followed closely by the Chevrolet Camaro ZL1. Both the Ford Mustang GT500 and BMW M4 Coupe are slightly more compact in comparison. Some notable exterior features include:

  • Automatic LED headlights
  • Signature cobra badging
  • Rear decklid spoiler
  • 20-inch alloy wheels
  • Quad-outlet exhausts
  • Unique front and rear fascias 

2021 Ford Mustang Shelby GT500 Coupe Safety

Although the GT500 hasn’t been tested by any agency yet, the regular model received a full 5-star overall rating in the NHTSA tests and a “Good” overall rating in the IIHS tests. Ford has completely reworked the chassis for better rigidity and stiffness on the GT500 model. Like most high-performance sports cars, driver assistance features are limited. Despite its high price tag, the GT500 only gets the basic suite of safety features including traction control, stability control, and an array of airbags. Opting for the technology package also adds blind-spot monitoring and cross-traffic alert. Some notable safety features include:

  • Blind-spot monitoring
  • Cross-traffic alert
  • Brake assist
  • Tire Specific Low Tire Pressure Warning
  • Back-Up Camera
  • Cruise Control

2021 Ford Mustang Shelby GT500 Coupe Competition

2021 Ford Mustang Shelby GT500 vs 2021 BMW M4

Despite the low power output, the BMW M4 almost matches the GT500 on a track thanks to clever technology and a host of advanced driver aids. While the Mustang GT500 is aimed squarely at performance and brute force, the M4 takes a more comfortable and laid-back stance while still offering surprising performance. Overall, if you’re looking for the best performance money can buy, it’s hard to beat the GT500. However, the M4 offers a better overall package with bonuses like a high-quality interior and an extensive feature list.

2021 Ford Mustang Shelby GT500 vs 2021 Chevrolet Camaro ZL1

Both the GT500 and Camaro ZL1 are a lot more complicated than you think. With sophisticated technology and a well-tuned chassis, both can post blistering lap times without breaking a sweat. However, the elephant in the room is pricing. Even with all the performance on tap, the Camaro manages to undercut the GT500 by a huge margin, offering a lot more value. The Camaro is also available with a slick 6-speed manual. The advantages are also apparent on the inside with a lot more features on offer and a better-equipped cabin. Unless you want to shell out extra for the Shelby badge, the Camaro ZL1 is a better value.

2021 Ford Mustang Shelby GT500 vs 2021 Dodge Challenger SRT Hellcat Redeye Widebody

The Hellcat Redeye Widebody manages to look more like a muscle car than its immediate rivals with a sleek and elegant design with no extra sporty elements. Compared to the GT500, the Hellcat Redeye Widebody also offers loads more space on the inside and even manages to squeeze in an extra passenger. However, even with nearly 800 hp on tap, the Hellcat Redeye Widebody cannot keep up with the GT500 on a track because of its uninspiring chassis and dead steering. If it’s practicality you’re looking for, the Challenger makes sense, but for everything else, the GT500 is a no-brainer.

2021 Ford Mustang Shelby GT500 Coupe Final Verdict

After several decades into production, the Mustang has finally elevated to the highest level. In fact, the GT500 is very impressive as a sports car let alone a muscle car. With more than 750 hp on tap, the GT500 can put some supercars costing twice as much to shame. Although there are some sore points like the sub-par economy ratings, average interior quality, and expensive options list, the GT500 more than makes up for it with excellent performance, corner-carving handling, and a surprisingly comfortable ride. If you’re looking for the pinnacle of American muscle cars, the 2021 Ford Mustang Shelby GT500 is the one to go for. The Cobra badging further sweetens the deal.