We knew it was a showstopper. Now it’s a record holder. A red 1988 Pontiac Fiero GT, the last of 370,168 Fieros to roll off the assembly line and still wearing its interior plastic wrap, sold for $90,000 at last month’s GAA Classic Cars Auction in Greensboro, North Carolina. That’s a new high for the model, shattering the old mark of $60,500 for a 1984 Fiero at Russo and Steele’s 2013 Monterey Auction.
“It was absolutely a once-in-a-lifetime opportunity for someone to own the last one built, and the buyer paid accordingly,” says Greg Ingold, associate editor of the Hagerty Price Guide. Still, Ingold says the sale won’t send a tremor through the market. “Don’t expect your pristine Fiero to be suddenly worth $90,000, though; there’s a lot of draw for first- and last-produced cars.”
The Fiero was America’s first mid-engine production car, introduced 36 years before the mid-engine 2020 Chevrolet Corvette. Although early iterations of the 1984–88 Fiero received a lot of criticism, loyal enthusiasts lament the sports car’s passing, especially since the Fiero was finally meeting performance expectations when Pontiac pulled the plug.
Fiero s/n 226402 was built on August 16, 1988 and became not only the final Fiero, but the last Pontiac built in Pontiac, Michigan, as the Pontiac Assembly Plant shuttered for good. It is equipped with a 135-hp, 2.8-liter V-6, mated to a three-speed automatic transmission. Options on the car include air conditioning, cruise control, power doors and mirrors, sunroof, and rear spoiler. Sticker price was $16,853 (about $37,000 in today’s money).
A 1988 Fiero without historic provenance is valued at $19,600 in #1 (Concours) condition. There’s only one “last built,” however, and that fact clearly wasn’t lost on GAA bidders.