I don't think so. I don't think that's how he meant it at all. Also, Eleanor wasn't even a Mach1. It was a 71 Sports roof, disguised as a 73. I completely discount that trash Nicolas Cage was in.
Ahhh, yes, in the ORIGINAL Gone in 60 seconds, Eleanor was a '71 Mustang Sportsroof, with a '73 grille, the Nicolas Cage remake used a '67 or '68 fastback with a fiberglass body kit, not an actual Shelby GT500