Shelby returned one of its most popular cars to the lineup today by unveiling the Shelby GT at the L.A. Auto Show. The new generation Shelby GT is based on the 2014 Ford Mustang GT with an incredibly attractive base price and 430 HP. The optional Shelby GT/SC supercharged model comes in either a 525HP or a staggering 624 HP version, making it the most potent version of the car ever made.

In 2007, Ford Division, Carroll Shelby and Ford Racing created the Shelby GT. Beginning as 4.6L Mustang GT’s assembled at Ford’s Flat Rock, Mich. plant, they were shipped to Shelby in Las Vegas for transformation. The 320HP 2007 Shelby GT coupes were all Performance White or Black with silver stripes. In 2008, Shelby added Vista Blue and a choice of coupe or convertible. About 8,000 Shelby GT’s were built.

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The Shelby GT was wildly popular and the people who snagged one have been one of the most passionate owner groups. The cars were often tailored with custom parts to fit an owner’s personality and then driven hard on both the street and track. The Shelby GT totally dominated its SCCA racing class in 2007 and 2008.

“Based on the standard Mustang GT, the total cost of our entry-level 2014 Shelby GT is only about $45,000, yet offers so much more than the previous model,” said, Gary Patterson, Shelby American VP of Sales. “The performance-to-price ratio makes the Shelby GT perfect for any serious pony car enthusiast.”

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The new Shelby GT is a post-title program; Ford dealers send a customer’s Mustang GT coupe or convertible to Shelby for upfit. Every material performance aspect of the car is enhanced or replaced to create a potent, balanced performer worthy of the Shelby name. Entry-level package upgrades include a Ford Racing suspension, Shelby branded exhaust, intake and engine tune for 430 HP, specially designed wheels and tires, short shifter, hood and Le Mans stripes that make it uniquely Shelby. Every Shelby GT version is 50 state emissions legal and runs on pump gas.

One of the car’s most appealing aspects is the opportunity for personalization. Choosing from an array of options, customers can opt for a more hard-edged suspension, better braking and supercharger upgrades, as well as a vast selection of performance and styling parts from Shelby Performance Parts.

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The 624 HP Shelby GT/SC version is expected to blast from 0-60 mph in about 3.7 seconds; the quarter mile time should be in the mid 11 second range. The car should also pull over 1 G on the lateral skid-pad.

The price of the base Shelby GT package, not including the car, is $14,995, making a nicely equipped car about $45,000 in total. The Shelby GT/SC package begins at $27,995.