1971 Chevrolet Corvette - Classic Car Price Guide

History of the 1968-1982 Chevrolet Corvette

1968 was a high-water mark for Corvette production to date, with 28,566 vehicles sold, and for the very last time, roadsters outsold coupes almost 2 to 1. Nicknamed the Mako Shark, the “new” Vette sported refinements like hidden wipers, no vent windows, and T-Tops and removable rear windows on the coupes. By 1969, production jumped to 38,762 units, and in 1970, factory fender flares and a new 454 making 390 HP kept Corvette at the top of the muscle car heap for the next several years. 1972 saw government emission regulations severely limit the horsepower to a paltry 270 HP, and safety regulations spelled the end of chrome front bumpers on a Corvette. 1973 Vettes were the first with Radial tires standard, 1974 brought us factory shoulder belts, and 1975 was the last Corvette convertible until 1986. The venerable C3 Corvettes soldiered on until 1982, by which time leather seats and AM/FM were standard, but a manual transmission or an 8 track player were no longer available. The Corvette had made the transition from a sports car to a touring car.

Click here to read Hemmings Motor News' Buyers Guide for the 1968-1972 Chevrolet Corvette.

Click here to read Hemmings Motor News' Buyers Guide for the 1978-1979 Chevrolet Corvette.

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Choose a Submodel for the 1971 Chevrolet Corvette to view classic car value trends for this vehicle

Year Make Model Submodel Body Type Engine Average Value Trend
1971 Chevrolet Corvette Convertible 8-cyl. 350cid/270hp 4bbl
$23,812
Trend
1971 Chevrolet Corvette Convertible 8-cyl. 350cid/330hp 4bbl LT1
$31,670
Trend
1971 Chevrolet Corvette Convertible 8-cyl. 454cid/365hp 4bbl LS5
$34,677
Trend
1971 Chevrolet Corvette Convertible 8-cyl. 454cid/425hp 4bbl LS6
$77,750
Trend
1971 Chevrolet Corvette Coupe 8-cyl. 350cid/270hp 4bbl
$20,135
Trend
1971 Chevrolet Corvette Coupe 8-cyl. 350cid/330hp 4bbl LT1
$27,132
Trend
1971 Chevrolet Corvette Coupe 8-cyl. 454cid/365hp 4bbl LS5
$28,788
Trend
1971 Chevrolet Corvette Coupe 8-cyl. 454cid/425hp 4bbl LS6
$64,438
Trend