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Saw a mustang in town with gt500 badging and snake emblems all over and 4" cowl hood with an auto trans. I didn't think they made the gt500 in auto I'm thinking it is just a gt with fake badges. I will post the pic when I get home.
There are a lot of key differences. Did he have black textured side skirts? The gt500 rear bumper? gt500 faux gas cap? Snake emblem on the steering wheel?
Only a few GT's can pull off that badging in my opinion...simplexdesign, mellowyellow, and cutterwolf all come to mind. THEY make it work, that guy doesn't sound like he's there just yet.