Ford has announced plans to auction the first 2015 Mustang GT at the Barrett-Jackson Collector Car Auction in Scottsdale, Arizona.

Ford has announced plans to auction the first 2015 Mustang GT at the Barrett-Jackson Collector Car Auction in Scottsdale, Arizona.

Set to go under the hammer on January 18th, the Mustang GT features a 5.0-liter V8 engine that produces more than 420 bhp (313 kW) and 390 lb-ft (528 Nm) of torque.

Since the car won't be built for several months, the winning bidder can order it with any interior, exterior and stripe combination they want.

More importantly, all proceeds from the auction will go to the Juvenile Diabetes Research Foundation which is a leading global organization funding type 1 diabetes research.

According to Ford North America Car Marketing Manager Steve Ling, "We’re kicking off the next 50 years of Mustang in style with a 2015 model featuring a sleek all-new design, world-class performance and innovative technologies. We’re thrilled to be able to take advantage of Mustang’s popularity to help achieve the dream of ending juvenile diabetes.”

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