How much is a 1962 Corvette worth today?
The 1962 Chevrolet Corvette is a classic American sports car that holds a special place in automotive history. Known for its sleek design, powerful engine options, and status as the last model of the first-generation Corvette (C1), it remains a highly sought-after collector's item. But how much is a 1962 Corvette worth in today's market? Let's dive into the factors that influence its value and provide an estimate based on current trends.
Factors That Influence the Value of a 1962 Corvette
The value of a 1962 Corvette can vary widely depending on several key factors. Here are the most important considerations:
- Condition: The car's overall condition is one of the most significant factors. A fully restored, showroom-quality Corvette will fetch a much higher price than one in need of extensive repairs.
- Originality: Cars with original parts, matching numbers (engine, transmission, etc.), and factory paint colors are more valuable to collectors.
- Rarity: Certain configurations, such as those with the fuel-injected 327 cubic-inch V8 engine, are rarer and more desirable.
- Documentation: A well-documented history, including original sales receipts, maintenance records, and restoration details, can significantly boost the car's value.
- Market Trends: The classic car market fluctuates based on demand, economic conditions, and collector interest in specific models.
Estimated Value of a 1962 Corvette in 2025
As of 2025, the value of a 1962 Corvette can range from approximately $50,000 to over $150,000, depending on the factors mentioned above. Here's a breakdown of typical price ranges:
- Project Cars: A 1962 Corvette in poor condition, requiring significant restoration, might sell for $30,000 to $50,000.
- Driver-Quality Cars: A well-maintained but not fully restored Corvette can fetch between $60,000 and $90,000.
- Showroom-Quality Restorations: Fully restored, concours-quality examples with rare options can command prices upwards of $120,000 to $150,000 or more.
- Special Editions or Rare Configurations: Corvettes with the fuel-injected engine or other rare features can exceed $200,000 in some cases.
Why the 1962 Corvette Is So Desirable
The 1962 Corvette marked the end of the first-generation (C1) Corvette and introduced several updates that made it a standout model. It was the first Corvette to feature the 327 cubic-inch V8 engine, which offered improved performance and came in multiple power levels, including a fuel-injected version producing 360 horsepower. Additionally, the 1962 model year was the last to feature the iconic "solid axle" rear suspension before the introduction of independent rear suspension in the C2 generation.
Its timeless design, historical significance, and performance capabilities make the 1962 Corvette a favorite among collectors and enthusiasts alike.
Conclusion
The 1962 Corvette remains a valuable and iconic piece of automotive history. Whether you're a collector looking to invest or an enthusiast dreaming of owning one, understanding the factors that influence its value is essential. If you're considering buying or selling a 1962 Corvette, be sure to consult with classic car experts and stay informed about current market trends to ensure you get the best deal possible.
Frequently Asked Questions
What Corvettes to stay away from?
Later model 2003 and all 2004. If you want a fifth generation buy a 1997–2002 or an early model 2003. The later 2003s and many 2004s had a fuel tank issue and if it hasn't been repaired and you can't repair it yourself, it's extremely expensive because you have to remove the rear end to get to the tanks.
How rare is a 1962 Corvette?
The first Corvette coupe was the 1963 Sting Ray, perhaps the most beautiful American production car ever made, but that's a Corvette chapter to be savored at another time. Altogether, 14,531 examples of the 1962 Corvette were built, each with a base price of $4,038—not an inconsiderable amount for the day.
Are older Corvettes a good investment?
Classic Corvettes' value maintains or rises as years pass. As their availability decreases, their worth grows. Many older models only had a few hundred vehicles manufactured, making them more difficult to find on the modern market. Corvettes are also gaining popularity, and the higher demand drives up worth.
What is the average price of a 1962 Corvette?
Typically, you can expect to pay around $60,450 for a 1962 Chevrolet Corvette in good condition with average spec.
What year was the bad Corvette?
1980
1980 Corvette 305
Inflation was rampant, the economy was in the doldrums and the Corvette was awful. But in California it was doubly awful, as Chevrolet that year gave up trying to certify the Corvette's 350-cubic-inch V8 for that state's more stringent emissions requirements.
What engine came in a 1962 Corvette?
1962. With a new larger engine the 1962 model year Corvette was the quickest to date. Displacement of the small-block V8 increased from 283 cu in (4.6 L) to 327 cu in (5,360 cc), which was rated at 250 hp (186 kW) in its base single 4-barrel carburetor version.
What year is the Corvette most valuable?
The 1967 Corvette L88 Stingray is a true rarity - with only 20 of these road monsters ever produced, it's no surprise that it's highly sought-after and commands a high price (one was auctioned for a staggering $3.4 million).
What is the difference between a 1962 Corvette and a 1963 Corvette?
The 1963 Corvettes were two inches lower and four inches wider in wheelbase compared to the 1962 models. The front end on the Corvette models featured a deeply recessed front grille and a low, tapered hood design which most sports car enthusiast thoroughly enjoyed.
What is the best year for an old Corvette?
10 Best Corvettes of All Time
- 1953 Corvette.
- 1957 Corvette Fuel Injection.
- 1984 Corvette C4.
- 1967 Corvette 427 L88.
- 1997 Corvette C5.
- 1955 Corvette.
- 2009 Corvette ZR1.
- 1990 Corvette ZR-1.
What is the holy grail of Corvettes?
But this C2 L88 cars are the holy grail for Corvette collectors. Because they are so rare of the 216. Total L88 cars ever made. Only 20 of those were in the 1967. Model year in the C2 body style.
