List price: $16,995
In 1987 Shelby decided to develop a sport sedan. To do this, he started with a Lancer and two interior options. The powerplant remained the 175HP engine.
Monroe Formula GP struts/shocks with larger sway bars were used. The tires were Goodyear Gatorbacks, this time 205/60VR15 mounted on black Shelby CSS one-piece cast aluminum wheels with a polished lip. Brakes were upgraded to power, ventilated 10.1" disks in front and solid 10.6" disks in back.
On the inside, Shelby went for comfort. Standard equipment: AC; full-length console with arm rest; overhead console with compass, outside temperature, and courtesy lights; dual illuminated vanity mirrors; full instrumentation (no boost gauge); premium insulation; courtesy lights in the ash tray, map, door, rear seat, glove box, cargo, and dome; power mirrors, windows and locks; driver's side power seat; rear defrost; split folding rear seat; and tilt steering with signature steering wheel.
Shelby added the first CD player in a production vehicle. He used a 140 watt Pioneer DEX77 AM/FM Stereo CD player with integrated 9-band equalizer and anti-theft coding. It was configured with two amps and 10 speakers.
The car was available only in Graphic Red with more subdued "Shelby" and "Intercooled Turbo" graphics. Trim was blacked out and a set of driving lights integrated in the airdam. The production was limited to 800 cars. 400 of these automatics and 400 with a 5-speed. The automatics had leather seats and the 5-speeds had cloth.
Performance: Quarter mile time of 15.8 seconds and 0-60 of 7.8. Weighing 3000lbs, the Shelby Lancer could not muster the times seen for the lighter cars but was no slouch when all factors are considered.