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The 2008 Ford Mustang is an early-run S197-generation pony car with a lot to offer. Whether you want a V6-powered convertible or a thunderous V8-toting Shelby GT500, the 2008 model year has you covered. Here’s a quick, helpful guide to buying a 2008 Mustang, including information to help you choose the right trim from options like the 2008 Mustang GT, Bullitt, or Shelby GT500.

How much horsepower does a 2008 Mustang V6 have?

The 2008 Ford Mustang V6 produces 210 horsepower from its 4.0L six-cylinder powerplant. While that might not seem like much compared to today’s standards, it’s enough to make the V6 pony car a fun cruiser with a standard manual transmission. 

The Ford Mustang GT, like the 2008 model, offers a convertible like this.
S197 Ford Mustang GT convertible | Ford

The V6 Deluxe and Premium trim offer a five-speed manual transmission or an optional five-speed automatic. Moreover, the Mustang V6 Deluxe has keyless remote entry, cruise control, and power windows, to name a few options. Opting for the higher-tier Premium trim adds a power driver’s seat and an eight-speaker Shaker 500 audio system with a six-CD changer. Both the Deluxe and Premium trims have convertible variants for fans who want to drop the top. 

Is the 2008 Mustang GT a V8?

The 2008 Ford Mustang GT is a V8 coupe and convertible with a Deluxe and Premium trim. The S197 Mustang GT from the 2008 model year produces 300 horsepower from its 4.6L V8. Of course, the GT Deluxe and Premium offer a manual and optional automatic transmission. 

Moreover, the GT Deluxe trim gets many of the same features as the V6 Deluxe. However, the Deluxe also packs a limited-slip rear differential and dual exhausts. The Premium trim adds leather seats to the upgrades that the V6 Premium offers over the Deluxe trim. Better yet, Kelley Blue Book (KBB) says you can get a V6 Deluxe for around $8,718. 

How many 2008 Bullitts were made?

The 2008 Ford Mustang Bullitt is a limited-release special edition variation of the GT. Specifically, Ford produced the Bullitt in 2008 and 2009, making only 5,808 in total between the two model years and its two colors, including the iconic Dark Highland Green. 

The 2008 Ford Mustang Bullitt isn’t the first homage car to tip its cap to the 1968 film Bullitt; the SN-95 vehicle from 2001 and the more modern S550-generation car from 2019 and 2020 also paid tribute to Steve McQueen’s 1968 Ford Mustang GT 390. Still, the 2008 version adds to the GT’s merit with a factory cold air intake, H-pipe, and different mapping to the tune of 315 horsepower and 325 lb-ft of torque. 

Better yet, MotorTrend says that with the help of the upgrade to 3.73:1 gears from the GT’s 3.31:1, the Bullitt will blast to 60 mph in 5.0 seconds. Moreover, the special edition pony car packs all of the GT Premium’s features plus seats from the Shelby GT500 and an engine-turned aluminum dash. 

What is a 2008 Shelby GT worth?

According to KBB, a 2008 Shelby GT’s base Premium donor goes for around $11,821 with average mileage. If you factor in the nearly $12,000 Shelby conversion, it’s not unreasonable to expect a well-preserved Shelby GT to fetch over $20,000 with average mileage.

The 2008 Ford Mustang Shelby GT, like the Bullitt, is a special edition Mustang from the 2008 model year.
Shelby Mustang GT-C | Bryan Haraway, Bloomberg via Getty Images

The 2008 Ford Mustang Shelby GT offers a coupe and convertible, unlike the Bullitt. Also, with the venerable Shelby name and 330 horsepower, the GT is a good weigh station on the path to a tire-scorching Shelby GT500.  

Is the 2008 Shelby GT500 supercharged?

The 2008 Ford Mustang Shelby GT500 is one of the first supercharged GT500s. Shelby introduced the S197 Mustang’s GT500 iteration in 2007, and it became more potent as time passed. 


Mustang: Must-Buy Ponies Before You Can’t Afford Them

The 2008 variation produced a stratospheric 500 horsepower and 480 lb-ft of torque from a supercharged 5.4L V8. Of course, there are other options, like the GT California Special, but they’re all derivations of the rank-and-file pony car from 2008.