Life

1st 2020 Mustang Sells for $1.1 Million

An Arizona man has become the first person in the world to own a 2020 Mustang Shelby GT500 — and the honor cost him only $1.1 million. The car was part of an auction held Saturday in Arizona to benefit the Juvenile Diabetes Research Foundation. Craig Jackson, the owner of the Scottsdale-based Barrett-Jackson auction house, submitted the winning bid. The upcoming addition to the Mustang family features a 5.2 liter, 700 horsepower V8 engine. Ford says the car will be able to travel a quarter-mile in less than 11 seconds, making the 2020 model among the fastest in the world.

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