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First 2015 Ford Mustang Sells for $300,000 at Barrett-Jackson Auction

The anticipation for the new 2015 Ford Mustang came to a boil this weekend, as the first production 2015 Mustang was sold at a lofty price of $300,000 at the Barrett-Jackson Auction in Scottsdale, Arizona. The lucky bidder was car collector and Texas Ford dealer Sam Pack, and the money will go to the Juvenile Diabetes Research Foundation, one of Ford's charity partners since 1983.

The 2015 Ford Mustang sold in Scottsdale was a GT model, meaning that it will be powered by a 5.0-liter V-8 engine making more than 420 hp and 390 lb-ft of torque. Otherwise, Pack will be able to select any of the 2015 Ford Mustang's interior and exterior colors, along with a choice of a manual or an automatic transmission and the various options packages available on the 2015 Ford Mustang GT. While $300,000 may sound like a lot for a Mustang, the Ford did not quite live up to last year's big purchase; the first 2014 Chevrolet Corvette Stingray sold for a cool $1.1 million at last year's auction.

Another Ford vehicle bringing in the dough for charity was a customized, one-off 1956 Ford F-100 pickup that sold for $450,000. This truck, known as "Snakebit," is powered by the 5.4-liter supercharged V-8 from the Ford Shelby GT500 and takes its design inspiration from street rods. Proceeds from this sale went towards the construction of the future Saskatchewan Children's Hospital in Canada.