Classic and Luxury Cars: The 2011 Mustang GT is the pace car for the 2010 Daytona 500. It is the first time a Ford has been a pace car to the event in 40 years. The “Race Red” Mustang will be auctioned to its new owner prior to the festivities by Barrett-Jackson, a renowned classic car auctioneer. All proceeds over the manufacturer’s suggested retail price will benefit the Juvenile Diabetes Research Foundation (JDRF), a leader in research leading to a cure for Type 1 diabetes.

The Mustang GT features an all-new 5.0-liter V-8 that delivers 412 horsepower with highway gas-mileage consumption approximating 25 mpg. It is available to consumers this spring. Extras on the pace car include a “Daytona 500” paint job, a special racing suspension, a strut tower brace and mufflers, painted wheels, and a special interior treatment.

The pace car will be auctioned at the Barrett-Jackson Scottsdale Collector Car Auction on Jan. 23 at WestWorld of Scottsdale, in Scottsdale, Ariz. The 39th running of the event will be shown live on the SPEED channel.

Rev up: Muscle and classic cars galore at all B-J auctions … company is industry leader with yearly sales over $100 million with three major auctions. Vintage by the tons; car lovers love these shows.