This 1968 Shelby Mustang GT350 is one of 1,053 fastbacks produced for the model year. It was originally specified in Acapulco Blue with a black Luxury interior, wheel-lip moldings, power steering and front disc brakes, a Sport Deck rear seat, the Visibility Group, the Extra Cooling Package, a heavy-duty battery, a tilt-away wheel, and a tachometer and trip odometer. The car was refurbished by Oswalt’s Mustangs & Parts before it spent ~34 years as part of a private museum collection. Since acquiring the car in 2025, the seller has completed recommissioning mechanical, electrical, and trim service, including a remanufactured Holley 4150 carburetor and a new clutch, transmission seals, power-steering components, engine seals and gaskets, fuel-system components, alternator and regulator, lighting, wiring, and exhaust tips. This GT350 is now offered with a Deluxe Marti Report, spare parts, a car cover, and a clean Iowa title in the seller’s name.
The GT350-style exterior features the fiberglass hood with scoops and hood pins, ducktail rear spoiler, fender extensions, quarter-panel air scoops, GT350 side stripes, quarter-panel antenna, Lucas fog lamps, and dual exhaust outlets. The car was stripped and refinished in 1991 and was part of a collection thereafter. Since 2025, new front and rear bumpers, headlights, fog lights, tail-light wiring, sequential flasher, backup-light switch and harness, license-plate light harness, Shelby nose molding, and exhaust tips have been installed. The upper portion of the windshield has been tinted, and the seller notes three chips.
The 10-spoke 15″ aluminum wheels were mounted with F70-15 Goodyear Speedway 350 tires by the seller. Additional recent work included new sway-bar components, rear shocks, and power-steering pump with high-pressure and return lines.
Equipment includes the roll bar, bucket seats, a Sport Deck rear seat, a console, and Interior Décor Group trim with woodgrain dashboard and door-panel appliqués. Since 2025, the under-dash wiring harness and fuse box, headlight switch, emergency-flasher relay, quarter trim panels, turn-signal switch, ignition switch, and gauge-cluster wiring and bulbs have been replaced. Some Visibility Group courtesy lights and the radio are reported to be inoperative.
The woodgrain steering wheel is mounted to a Tilt-Away column and fronts the Shelby instrumentation, including an 8k-rpm tachometer, fuel-level, vacuum, and coolant-temperature gauges, plus Stewart-Warner oil-pressure and ammeter gauges. The five-digit odometer shows 41k miles, approximately 50 of which were added under current ownership. The Convenience Group provided warning lights for seatbelt, parking-brake, and fuel-level functions.
The 302ci V8 was rebuilt in the late 1980s, at which time the long block was replaced. The original heads, exhaust manifolds, and intake manifold are believed to have been reused at that time. The car retains the larger radiator associated with the Extra Cooling Package along with a remanufactured Holley 4150 carburetor. Recent work includes a new rear main seal, fuel tank and sending unit, engine flush and thermostat housing, oil pan and gasket, valve-cover gaskets, Autolite alternator, voltage regulator, radiator shroud, strut-rod bushings, fuel-system components, and related maintenance.
The four-speed manual transmission was replaced and rebuilt in the late 1980s and is a Toploader configuration appropriate to the 1968 GT350. The seller notes the 9-inch rear axle is believe dto be original, and that the transmission rear seal and clutch were recently replaced. Factory red oxide primer is visible on the undercarriage.
The Deluxe Marti Report documents the car’s original specifications and equipment. Historical identification, transmission, and axle-tag photographs are included in the gallery.