EXP, in the case of the 1968 Ford Mustang you see above, stands for Experimental. You see, this is one of the cars used by the Shelby American team in the development of a long list of classic Shelby Mustang models. The car, powered by a 390-cubic-inch V8 engine and known internally as The Green Hornet, underwent a huge number of upgrade sessions that saw it receive experimental fuel injection, independent rear suspension and unique disc brakes.
Autoblog , 1968 Shelby EXP 500 fails to sell at Barrett-Jackson despite $1.8 million bid (video), 1968 Shelby EXP 500 fails to sell at Barrett-Jackson despite $1.8 million bid (video)
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