His 1968 Shelby GT500 KR Convertible survivor may be the finest King of the Road in existence. That’s what a Louisiana man tells us. He is a Shelby Mustang collector who just recently decided to let one of his top quality Mustang Cobras go. “I never thought I would sell any of these cars,” he admitted to us this week. “But the time is right to let this one go.” (You can preview the ad now listed on Cars-On-Line.com by following this link.)
What an opportunity to acquire a low-mile survivor Shelby KR convertible having both documentation and provenance. “With only 20,000 original miles, I feel this is one of the best ones out there.” The 1968 Shelby GT500 KR Convertible survivor remains in his private collection, never before offered to the public. “I have perfect paper work with original owners manual, and invoices, build sheet etc.,” said the Louisiana Shelby collector. We noticed in his photos that he even has the warranty card.
Then he related to us how he happened to find such a treasure. He bought the Shelby KR from the mother of the original owner who died in Vietnam serving his country. While stationed at Fort Campbell, Kentucky, the Army officer ordered his Shelby from Jenkins & Wynne Ford in Clarksville, Tennessee. Since the officer’s mother could not drive a 4-speed, she ended up selling it to the current owner.
As you would expect, this 1968 Shelby GT500 KR Convertible survivor still has the original interior, carpet, seats, dash, and more. Inside the trunk you’ll find the original spare, trunk mat. The seller tells us everything remains original, although you may notice updated wheels and tires. “I have original wheels, N.O.S. tires and hub caps” to go with the car.
History on the 1968 Shelby GT500 KR Convertible Survivor
When Carroll Shelby was asked which of his cars was his favorite, he told the reporter he always thought his 1968 Shelby GT500 King of the Road Convertible was the best Mustang he ever built. The GT500 KR was a one-year only model Shelby exclusively built in 1968. It featured the 428 ci Cobra Jet engine only with major tuning to the heads and internals. With a wink and a nod they rated it at 335 hp, but everyone knew it was way more powerful, probably around 450 horsepower.
They only made 518 KR convertibles in 1968. Just 318 KR’s were built with the 4-speed manual transmission. This 1968 Shelby GT500 KR Convertible survivor shown here is one of them. 1968 was the first year the GT500 was produced as a convertible. Plus it was the first year that they referred to the Shelby Mustang as a Shelby Mustang Cobra because of the R code 428 Cobra Jet engine. The R code cars came with a funtional Ram Air scoop.
Redesigned with fiberglass front end, hood, and rear end, the Shelby KR convertible came with the Mercury Cougar style sequential tail lights, and with an upgraded suspension, improving it over earlier year models.
We noticed that the Marti Report shows it built at the Metuchen plant, then sent to Shelby. Ordered with the Interior Decor Group with black bucket seats, the report also notes GT Equipment Group, 4-speed manual transmission, 3.50 Traction-Lock Axle ratio, Visibility Group, power steering and power front disc brakes.