1965 Shelby Cobra CSX4000 - 427 S/C

2dr Roadster

Unknown

#1 Concours condition#1 Concours
#2 Excellent condition#2 Excellent
#3 Good condition#3 Good

$176,000 CAD*

+8.6%
#4 Fair condition#4 Fair
Value Graph04/2407/2410/24$50k$100k$150kJan 2025
Pricing adjustments
+$15,000 for aluminum body.
Quality and correctness of this series Cobra vary greatly and can have a tremendous impact on value.
Adjustments are in USD
+$15,000 for aluminum body.
Quality and correctness of this series Cobra vary greatly and can have a tremendous impact on value.
Adjustments are in USD
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1962-1967 Shelby Cobra stats
Highest sale
$17,707,250 CAD
Lowest sale
$28,095 CAD
Most recent sale
$1,038,305 CAD
Sales
567

Photos

49 photosImages may not reflect selected vehicle.

1965 Shelby Cobra CSX4000 - 427 S/C 2dr Roadster Courtesy of Canepa
1965 Shelby Cobra CSX4000 - 427 S/C 2dr Roadster Courtesy of Canepa
1965 Shelby Cobra CSX4000 - 427 S/C 2dr Roadster Courtesy of Canepa
1965 Shelby Cobra CSX4000 - 427 S/C 2dr Roadster Courtesy of Canepa
1965 Shelby Cobra CSX4000 - 427 S/C 2dr Roadster Courtesy of Canepa
1965 Shelby Cobra CSX4000 - 427 S/C 2dr Roadster Courtesy of Canepa
1965 Shelby Cobra CSX4000 - 427 S/C 2dr Roadster Courtesy of Canepa
1965 Shelby Cobra CSX4000 - 427 S/C 2dr Roadster Courtesy of Canepa
1965 Shelby Cobra CSX4000 - 427 S/C 2dr Roadster Courtesy of Canepa
1965 Shelby Cobra CSX4000 - 427 S/C 2dr Roadster Courtesy of Canepa
1965 Shelby Cobra CSX4000 - 427 S/C 2dr Roadster Courtesy of Canepa
1965 Shelby Cobra CSX4000 - 427 S/C 2dr Roadster Courtesy of Canepa
1965 Shelby Cobra CSX4000 - 427 S/C 2dr Roadster Courtesy of Canepa
1965 Shelby Cobra CSX4000 - 427 S/C 2dr Roadster Courtesy of Canepa
1965 Shelby Cobra CSX4000 - 427 S/C 2dr Roadster Courtesy of Canepa
1965 Shelby Cobra CSX4000 - 427 S/C 2dr Roadster Courtesy of Canepa
1965 Shelby Cobra CSX4000 - 427 S/C 2dr Roadster Courtesy of Canepa
1965 Shelby Cobra CSX4000 - 427 S/C 2dr Roadster Courtesy of Canepa
1965 Shelby Cobra CSX4000 - 427 S/C 2dr Roadster Courtesy of Canepa
1965 Shelby Cobra CSX4000 - 427 S/C 2dr Roadster Courtesy of Canepa
1965 Shelby Cobra CSX4000 - 427 S/C 2dr Roadster Courtesy of Canepa
1965 Shelby Cobra CSX4000 - 427 S/C 2dr Roadster Courtesy of Canepa
1965 Shelby Cobra CSX4000 - 427 S/C 2dr Roadster Courtesy of Canepa
1965 Shelby Cobra CSX4000 - 427 S/C 2dr Roadster Courtesy of Canepa
1965 Shelby Cobra CSX4000 - 427 S/C 2dr Roadster Courtesy of Canepa
1965 Shelby Cobra CSX4000 - 427 S/C 2dr Roadster Courtesy of Canepa
1965 Shelby Cobra CSX4000 - 427 S/C 2dr Roadster Courtesy of Canepa
1965 Shelby Cobra CSX4000 - 427 S/C 2dr Roadster Courtesy of Canepa
1965 Shelby Cobra CSX4000 - 427 S/C 2dr Roadster Courtesy of Canepa
1965 Shelby Cobra CSX4000 - 427 S/C 2dr Roadster Courtesy of Canepa
1965 Shelby Cobra CSX4000 - 427 S/C 2dr Roadster Courtesy of Canepa
1965 Shelby Cobra CSX4000 - 427 S/C 2dr Roadster Courtesy of Canepa
1965 Shelby Cobra CSX4000 - 427 S/C 2dr Roadster Courtesy of Canepa
1965 Shelby Cobra CSX4000 - 427 S/C 2dr Roadster Courtesy of Canepa
1965 Shelby Cobra CSX4000 - 427 S/C 2dr Roadster Courtesy of Canepa
1965 Shelby Cobra CSX4000 - 427 S/C 2dr Roadster Courtesy of Canepa
1965 Shelby Cobra CSX4000 - 427 S/C 2dr Roadster Courtesy of Canepa
1965 Shelby Cobra CSX4000 - 427 S/C 2dr Roadster Courtesy of Canepa
1965 Shelby Cobra CSX4000 - 427 S/C 2dr Roadster Courtesy of Canepa
1965 Shelby Cobra CSX4000 - 427 S/C 2dr Roadster Courtesy of Canepa
1965 Shelby Cobra CSX4000 - 427 S/C 2dr Roadster Courtesy of Canepa
1965 Shelby Cobra CSX4000 - 427 S/C 2dr Roadster Courtesy of Canepa
1965 Shelby Cobra CSX4000 - 427 S/C 2dr Roadster Courtesy of Canepa
1965 Shelby Cobra CSX4000 - 427 S/C 2dr Roadster Courtesy of Canepa
1965 Shelby Cobra CSX4000 - 427 S/C 2dr Roadster Courtesy of Canepa
1965 Shelby Cobra CSX4000 - 427 S/C 2dr Roadster Courtesy of Canepa
1965 Shelby Cobra CSX4000 - 427 S/C 2dr Roadster Courtesy of Canepa
1965 Shelby Cobra CSX4000 - 427 S/C 2dr Roadster Courtesy of Canepa
1965 Shelby Cobra CSX4000 - 427 S/C 2dr Roadster Courtesy of Canepa
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Model overview

Model description

Carroll Shelby’s 1962 Cobra represents the pinnacle of the Anglo-American sports car, which combined a classic aluminum roadster body (in this case cribbed from a 1950s Ferrari Barchetta) with a tube space frame and lightweight American V-8 engine.

Shelby Cobra’s donor chassis came from AC. The AC Ace heretofore had utilized the pre-war BMW 2-liter, 6-cylinder engine, which was going out of production. Understanding that AC needed a replacement motor, Shelby tapped into his Ford connections to user their lightweight 260ci V-8. In the process, Shelby managed to get both sides to agree that the resultant sports car would be manufactured under the Shelby name.

The overall package was dynamite, weighing only 2,100 lbs, with a 260-hp engine mated to a four-speed transmission. Top speed was about 140 mph and 75 were built in 1962 and 1963 before the engine was replaced by Ford’s 271-hp, 289-cid V-8. In race-prepped guise, the engine generated up to 370 hp, and the cars were quite successful on the track. Between 1963 and 1965, 580 Shelby 289 Cobras were sold in the CSX 2000 series. All this power stretched the chassis capabilities, motivating Shelby to refine it with rack-and-pinion ("R&P") steering in place of the ancient worm and sector design.

By 1965, Shelby needed more power still, and driver and constructor Ken Miles thought a big block V-8 was the best choice. The big-block, 510-hp, 427-cid “side-oiler” V-8 that Shelby was going to use, however, needed a new approach. The answer was a much bigger tube frame that was five inches wider, with coil spring suspension and flared fenders to accommodate the wider wheels. These cars were numbered in the CSX 3000 series.

The rest of the package remained the same minimalist, lightweight sports racer, and with the huge new motor, more racing successes followed. Shelby built 348 427 Cobras from 1965 to 1967, though about 100 of them had the less powerful, but cheaper 355-hp, 428-cid V-8.

Both 289 and 427 Shelby Cobras are the apogee of bare-bone sports racers, and demand is fierce for these cars. They are one of the few blue-chip collectible American cars, with eager buyers residing the world over, so provenance is vital. Luckily, Shelby records are remarkably complete and correct cars will be accurately documented. Enthusiasts debate whether the sheer brute force of the 427 cars is preferable over the 289’s superior livability, but either way there is a Cobra to suit any taste (provided the taste is towards hair-raising motoring in one form or another).

Replicas flooded the market from the 1970s onwards, and Shelby himself used “leftover” original frames in the 1980s to produce the CSX 4000 series “continuation” cars. These cars provide a cheaper alternative for driver to pursue, though build quality on the non-Shelby cars varies and the replicas tend to have lived full lives, so thorough research is a necessity.

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Common Questions

The value of a 1965 Shelby Cobra CSX4000 - 427 S/C can vary greatly depending on its condition, mileage, options, and history. Typically, you can expect to pay around $122,000 USD for a 1965 Shelby Cobra CSX4000 - 427 S/C in good condition with average spec.

The highest selling price of a 1965 Shelby Cobra CSX4000 - 427 S/C at auction over the last three years was $631,265 CAD. The highest prices are usually reserved for rare or exceptionally well-maintained examples with desirable features or modifications and excellent history.

The lowest selling price of a 1965 Shelby Cobra CSX4000 - 427 S/C at auction over the last three years was $168,676 CAD. The lowest prices are usually paid for examples that have extensive maintenance needs, differ greatly from their original configuration, or have accident histories or title problems.

In the last three years there have been 21 1965 Shelby Cobra CSX4000 - 427 S/Cs sold at public auction.

The most recent auction sale of a 1965 Shelby Cobra CSX4000 - 427 S/C was $168,676 CAD on January 24, 2025 by Barrett-Jackson.

Many factors can increase a car's value including excellent condition, exceptional originality, a recent restoration, low mileage, unique provenance, desirable options, popular or unique color choices, and excellent maintenance records. Upgrades and modifications that enhance performance or aesthetics can also add value.

Factors that can decrease a car's value include unusually high mileage, poor maintenance history, visible wear and tear, accidents or damage, title issues, and gaps in ownership history. Additionally, less popular color choices and extensive modifications that don't appeal to a broad audience can reduce value.

Mileage plays a significant role in a classic car’s value. Lower mileage usually increases value because it indicates a higher degree of originality, is rarer, and suggests less wear and tear. However, cars with exceptionally low mileage may also have maintenance needs due to lack of use. Whether someone should pay more for a vehicle with lower miles will depend on how they plan on using it, and the vehicle's specific condition.

The value of modified cars differs widely based on the type and quality of modifications. While some modifications can significantly increase value, especially performance enhancements and high-quality custom work, others may not add much or could even detract from the car’s value if they appeal to only a limited audience.

All prices shown here are representative of stock condition vehicles only and based on various data sources, as detailed in About Our Prices. Value adjustments for optional equipment are in U.S. dollars. More information on how forecast models are calculated can be found on Forecasted Values page. For additional information and a complete description of benefits, visit hagerty.CA/legal. Purchase of insurance not required for membership in HDC. Hagerty, Hagerty Valuation Tools & Hagerty Drivers Club are registered trademarks of the Hagerty Group LLC, ©2025 The Hagerty Group, LLC. All Rights Reserved.