How much is a 1962 Corvette worth today?
A 1962 Corvette, one of the most iconic American sports cars, can be worth a significant amount of money today depending on its condition and other factors. The value of a 1962 Corvette can range from tens of thousands to over a million dollars, making it a highly sought-after collector's item.
Factors Affecting the Value of a 1962 Corvette
The value of a 1962 Corvette is primarily determined by several key factors:
- Condition: The overall condition of the vehicle, including the exterior, interior, and mechanical components, is the most important factor in determining its value. Well-maintained, original, and unrestored Corvettes tend to be the most valuable.
- Rarity: The 1962 Corvette was the last year of the first-generation Corvette design, making it a more desirable and rare model compared to later years.
- Options and Specifications: Corvettes equipped with rare or high-performance options, such as fuel-injected engines, can command higher prices.
- Provenance: The history and ownership of the Corvette, including any notable owners or events associated with the vehicle, can also affect its value.
These factors, combined with the overall demand for classic Corvettes, contribute to the wide range of values for a 1962 Corvette.
Typical Values for a 1962 Corvette
According to recent market data, the typical value range for a 1962 Corvette is as follows:
- Good Condition: $50,000 to $100,000
- Excellent Condition: $100,000 to $250,000
- Concours Condition: $250,000 to $1,000,000 or more
The highest prices are typically reserved for exceptionally well-preserved, original, and low-mileage 1962 Corvettes that have been meticulously maintained and documented. These rare and highly sought-after examples can fetch prices in the seven-figure range at prestigious classic car auctions.
It's important to note that the value of a 1962 Corvette can vary significantly based on the specific vehicle's condition, options, and provenance. Consulting with classic car experts and conducting thorough research is recommended when determining the value of a particular 1962 Corvette.
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 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 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.
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 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.
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.
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).
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.
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.
