First 2020 Ford Mustang Shelby GT500 Will be Auctioned for Charity

The 2020 Ford Mustang Shelby GT500 is one of the most anticipated performance cars. Today Ford announced that it will auction the first GT500 off the production line at the 2019 Barrett-Jackson auctions in Scottsdale, Arizona. All proceeds for the mightiest of Mustangs will go to the Juvenile Diabetes Research Foundation (JDRF), an organization dedicated to finding a cure for Type 1 diabetes.

Joe Hinrichs, president of global operations at Ford, said the Blue Oval has supported JDRF for a long time and knows how important its work is. The proceeds from the auction is in addition Ford's own contribution, which is over $2 million annually and totals to around $60 million over the last 35 years. The winning bidder for the first 2020 Mustang Shelby GT500 will have the opportunity to customize the vehicle accordingly; all colors and options will be made available to the winner.

The 2020 Ford Mustang Shelby GT500will debut at the 2019 Detroit Auto Show. It is expected to feature a supercharged version of the 5.2-liter V-8 found in the GT350 and GT350R. Power output remains unknown, but we expect it to have more muscle than the previous-generation GT500, which checked in at 662 hp. No word yet on what transmission options Ford will offer on its most potent Mustang. The 2020 GT500 goes on sale in fall 2019.

Barrett-Jackson ushers in a new year of high-octane auction action during its 48th Annual Scottsdale Auction, featuring some of the world's most covetedcollector vehiclesand authenticautomobilia collectibles, January 12-20, 2019, at WestWorld of Scottsdale. As in decades past, The World's Greatest Collector Car Auctions will be the epicenter of Collector Car Auction Week and entertain thousands of automotive enthusiasts with interactive exhibits, entertainment, and activities. Check your local TV listings to see it live on MotorTrend Networkand download the appfor exclusive, live coverage.