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There's horsepower, and then there's dyno-tested, can't-lie-to-your-friends horsepower. If you want to know how much power a car really makes, you've got to strap it to a dyno and spin it to redline. The guys over at 5.0 Mustang & Super Fords are always eager to find the true horsepower of a car, and so when they took delivery of a GT500KR to review they headed straight to the dyno to see how much power the supercharged V8 is putting out. What they found was somewhat surprising -- the KR produced 509 horsepower and 467.7 lb.-ft. torque to the wheels. Adjusting for an estimated driveline loss of 15 percent, the actual output at the flywheel is 589.82 hp and 550.24 lb-ft torque -- nearly 50 more horsepower and 40 more lb-ft than Ford is claiming. Take that Z06!

[Source: 5.0 Mustang & Super Fords]

When I first gazed upon the Shelby GT500KR at a Ford event, I leaned over to fellow blogger Sam Abuelsamid and told him that dealers would try to get $100k for the limited edition road-ruling 'Stangs. Well, as it turns out it wasn't even a ballpark guess, as Lone Star Ford is looking to fetch $155k for his allotted KR on eBay. That's almost double the KR's $79,995 MSRP, but with only 1,000 special edition GT500's scheduled for this year, there is bound to be drastic markup. It is worth pointing out that the Ford GT's MSRP was roughly $155k, and for the same price you can get a BMW M3, a Mustang GT500, and one hell of a vacation.

If money means little to you and you're seriously thinking about shelling out $155k for this Shelby GT500KR, you won't find out a whole lot of information on the eBay page. Part of the reason for that is because Lone Star Ford hasn't yet taken delivery of the 540 hp Mustang that's up for auction. It also explains why the dealer has a photo of a standard GT500 sticker instead of that of the $80k KR.



[Source: eBay via Carscoop]

When Ford announced the GT500KR's based price of $79,995, many of you thought that it was pretty steep for a Mustang. Even though it's a limited edition Shelby with 540 horsepower, $80,000 can buy a lot of really nice cars. What's even more insane is that we know people will not only buy the KR, but they will pay tens of thousands of dollars over MSRP just to have one. The only question was how much dealers would try and gouge. That question has been answered. Lone Star Ford in Houston, TX has put up a red GT500KR on eBay Motors with a "Buy It Now" price of...$154,991.00. That's nearly double the MSRP. Who knows if anyone will actually buy it at that price, but going off what happened with the standard GT500, then it's quite possible. While we enjoyed our first drive in the GT500KR (check out Part 1 and Part 2), we can think of quite a few cars we'd rather have for $150,000.

[Source: eBay Motors]

Click above for a high resolution gallery of the 2008 Shelby GT500KR

I have to admit, the Shelby GT500 was somewhat of a letdown. I have no complaints about the 500 horsepower or the muscular lines, but at nearly 4,000 pounds, it's got a serious weight problem. The iron block, 5.4-liter V8 and the addition of a supercharger puts much the weight in the worst possible place -- the front -- so the GT500 feels unmotivated around the corners compared to a regular Mustang GT. Other complaints include a suspension that doesn't seem up to snuff to handle the prodigious power, as well as a vague and rubbery shifter. Despite its shortcomings, the GT500 is one of the world's best performance bargains. Never before has such a powerful car been available for so little cash (although the Ford dealers did a pretty good job of ruining its value with markups). Still, one couldn't help but think that the GT500 could have been better.

All photos Copyright ©2008 Drew Phillips / Weblogs, Inc.

Check out First Drive: 2008 Shelby GT500KR, Part 2 by clicking here.

Click on the image for more live shots of the 2009 GT500KR

We got a chance to visit Shelby Automotive out in Las Vegas a week or so ago to witness the first 2009 GT500KR going through final assembly. Although the KR was originally intended to be an '08-only model release, demand for the new King of the Road was high enough that Ford and Shelby decided to keep on rollin' for another year and plans to offer an additional 746 units for 2009. As a refresher, these beasts are powered by a 540-horsepower version of the GT500's supercharged V8. If you love special edition versions of the Mustang like this one but aren't ready yet to buy, fear not... we have a feeling that there will be many more to choose from in the coming years.




Travel and lodging for this media event was provided by the manufacturer, as were the photos, since our camera was stolen on this trip.

While we wouldn't give high ratings to the Knight Rider pilot movie on NBC, we are still fans of the star of the show, KITT. When Ford and Barrett-Jackson announced that a pair of KITTs would be sold in Palm Beach this year, we immediately went to check the balance in our savings account.

The two cars auctioned were not actually KR models, but regular GT models made to look like the KR for the movie. The "hero" KITT still has quite a few upgrades, including a Whipple supercharger system, Brembo brakes, upgraded suspension and exhaust, and an interior with props for the movie, while the "attack" mode KITT has the stock motor with an automatic transmission and a KR body kit with two-tiered spoiler.

The auction, which will donate all proceeds to the Salute to Education charity, started slowly but climbed steadily to $160,000. At that point, Mark Fields of Ford got on the microphone and announced the winning bidder would also get the rights to a single allocation of the 1576 GT500 KRs. That doesn't mean they would get the car for free but at msrp - a significant savings. With that announcement, the bidders had renewed interest and the highest bid climbed up to $240,000. However, Ford and Shelby had one more twist. The single GT500 KR allocation was not just a random KR. It would be the LAST KR produced in 2009 - #1576. At that point, the bidding turned into a fight for the last KR and the two KITT movie cars were forgotten. The final bid ended at an even $300,000, with the winner writing a check directly to charity.

click above to view more high-res images of the #0001 Shelby GT500KR

The gavel will fall for a number of #0001 production vehicles this Saturday at the 2008 Barrett-Jackson Auction in Scottsdale, Arizona, including the first Corvette ZR1, Dodge Challenger and Ford Shelby GT500KR. Ford has announced a new addition to this particular Shelby GT500KR that's destined for the Barrett-Jackson stage, which we expect will add thousands of dollars to the bidding war that's guaranteed to ensue. The auction model will feature a fully glass roof, just like the new Glass Roof Mustang we showed you at the Detroit Auto Show. The giant, tinted transparent roof will let a little extra light in while keeping the UV rays out. The GT500KR's racing stripes have also been permanently etched into the glass roof so as not to break up the pair of lines that stretch from bumper to bumper.

Though the GT500KR is already considered a rare car due to its limited production volume, the fact that this particular one is the first production example and will be sporting an exclusive feature makes it as rare as rare can be. We'll eager to find out if it will sell for more at auction than the first Shelby GT500 and Shelby GT Mustang that were auctioned off at Barrett-Jackson the past two years, respectively, both of which went for around $600,000. We should also note that Ford and Carroll Shelby donate the auction money for these cars to the Juvenile Diabetes Research Foundation.

[Source: Ford]

Barrett-Jackson has been the king of muscle cars the last few years. Hemi Cudas, Shelby Mustangs, and Yenko Camaros have commanded high dollar bids from car collectors all around the world. Coming this January, Barrett-Jackson will not only have some of the best classic muscle cars, but the best new ones, as well.

Lot #1300 will feature the very first 2008 Shelby GT500 KR offered for sale, which will be one of around 1,000 built for the year. Next up is Lot #1316, the "first retailable unit built" (whatever that means) 2009 Corvette ZR1, just days after the car's official launch at the Detroit Auto Show. Last but not least, Lot #1331 will feature the first production Dodge Challenger SRT8 to come off the assembly line. Best of all, the proceeds from the sales will benefit the Juvenile Diabetes Research Foundation (JDRF), The United Way, and the notMYkid charity.

If previous years are anything to go by, the first of any collector car commands high dollars, and these three should be no exception. We expect six and possibly even seven figures for the right to own the very first of these modern day muscle cars. Be sure to watch for our live coverage of the show with auction results and photo galleries.

[Source: Barrett-Jackson]

In the eyes of many automotive enthusiasts, Caroll Shelby is a legend with few peers. His breathed upon Mustangs are so coveted, they routinely sell at auction for hundreds of thousands of dollars. Shelby Cobras are truly special icons of the muscle car era, but when Caroll and Ford parted ways, he left the keys to the Shelby Mustang kingdom to the throngs of enthusiasts and car clubs across North America.

[Source: Mustang Evolution]

The Ford F-Series has been the top-selling nameplate in America for a staggering 29 years, and in spite of ever-increasing competition, the folks from Dearborn will stop at absolutely nothing to keep that title alive for a 30th year. Ford already has up to $4,007 in customer cash on the F-150, and now it is giving dealers some serious incentive to offload as many full-size trucks as possible. The dealer incentive isn't a cash stipend to the dealer or salesman, but a slot in a lottery to sell one of the 50 Shelby GT500KRs being made for the 2009 model year. Total production for the KR is only 1,000 units, so the markup will likely run into the tens of thousands of dollars, making any dealer very pleased. For moving pickups, dealers are also getting special edition F-150 die-cast models (Ford loves giving away die-cast models) and dealers also have a chance to host a Toby Keith concert.

Ford has repeatedly said that it will retain its full-size pickup leadership, and the Blue Oval is coming up with some innovative ways to keep its most important product moving off the dealer lots. Right now the F-Series is up 45,000 units on the all-new Silverado. Let's see if that lead holds once GM begins using more cash incentives.

[Source: Auto News - sub. req'd]