Find more values

1986 Chevrolet Corvette

2dr Coupe

8-cyl. 350cid/230hp FI

#1 Concours condition#1 Concours
#2 Excellent condition#2 Excellent
#3 Good condition#3 Good

$9,300*

+29.2%
#4 Fair condition#4 Fair

Calculate the price

Please select all adjustments that have been made to your vehicle

Value Graph07/2410/2401/25$2k$4k$6k$8kApr 2025
How do we calculate these prices?

Forecasted valuesBeta

We have forecasted how much values for the 1984-1996 Chevrolet Corvette will change over the next year.
Unlock this insight by joining Hagerty Drivers Club.

Let us watch the market for you

We update the Hagerty Price Guide each quarter. Sign up for alerts and we'll notify you about value changes for the cars you love.

1984-1996 Chevrolet Corvette stats
Highest sale
$880,000
Lowest sale
$32
Most recent sale
$9,585
Sales
4959
Explore Hagerty Price Guide values for this generationResearch values for all configurations from this generation on a single page
Explore GenerationSelected

Photos

38 photosImages may not reflect selected vehicle.

1986 Chevrolet Corvette 2dr Convertible Courtesy of RK Motors
1986 Chevrolet Corvette 2dr Convertible Courtesy of RK Motors
1986 Chevrolet Corvette 2dr Convertible Courtesy of RK Motors
1986 Chevrolet Corvette 2dr Convertible Courtesy of RK Motors
1986 Chevrolet Corvette 2dr Convertible Courtesy of RK Motors
1986 Chevrolet Corvette 2dr Convertible Courtesy of RK Motors
1986 Chevrolet Corvette 2dr Convertible Courtesy of RK Motors
1986 Chevrolet Corvette 2dr Convertible Courtesy of RK Motors
1986 Chevrolet Corvette 2dr Convertible Courtesy of RK Motors
1986 Chevrolet Corvette 2dr Convertible Courtesy of RK Motors
1986 Chevrolet Corvette 2dr Convertible Courtesy of RK Motors
1986 Chevrolet Corvette 2dr Convertible Courtesy of RK Motors
1986 Chevrolet Corvette 2dr Convertible Courtesy of RK Motors
1986 Chevrolet Corvette 2dr Convertible Courtesy of RK Motors
1986 Chevrolet Corvette 2dr Convertible Courtesy of RK Motors
1986 Chevrolet Corvette 2dr Convertible Courtesy of RK Motors
1986 Chevrolet Corvette 2dr Convertible Courtesy of RK Motors
1986 Chevrolet Corvette 2dr Convertible Courtesy of RK Motors
1986 Chevrolet Corvette 2dr Convertible Courtesy of RK Motors
1986 Chevrolet Corvette 2dr Convertible Courtesy of RK Motors
1986 Chevrolet Corvette 2dr Convertible Courtesy of RK Motors
1986 Chevrolet Corvette 2dr Convertible Courtesy of RK Motors
1986 Chevrolet Corvette 2dr Convertible Courtesy of RK Motors
1986 Chevrolet Corvette 2dr Convertible Courtesy of RK Motors
1986 Chevrolet Corvette 2dr Convertible Courtesy of RK Motors
1986 Chevrolet Corvette 2dr Convertible Courtesy of RK Motors
1986 Chevrolet Corvette 2dr Convertible Courtesy of RK Motors
1986 Chevrolet Corvette 2dr Convertible Courtesy of RK Motors
1986 Chevrolet Corvette 2dr Convertible Courtesy of RK Motors
1986 Chevrolet Corvette 2dr Convertible Courtesy of RK Motors
1986 Chevrolet Corvette 2dr Convertible Courtesy of RK Motors
1986 Chevrolet Corvette 2dr Convertible Courtesy of RK Motors
1986 Chevrolet Corvette 2dr Convertible Courtesy of RK Motors
1986 Chevrolet Corvette 2dr Convertible Courtesy of RK Motors
1986 Chevrolet Corvette 2dr Convertible Courtesy of RK Motors
1986 Chevrolet Corvette 2dr Convertible Courtesy of RK Motors
1986 Chevrolet Corvette 2dr Convertible Courtesy of RK Motors
1986 Chevrolet Corvette 2dr Convertible Courtesy of RK Motors
insurance

Protect your 1986 Chevrolet Corvette from the unexpected.

Better coverage built for classics at a price you can afford. Online quotes are fast and easy
Get a quote
Learn more
More 1986 Chevrolet Corvette values

Model overview

Model description

1986 re-introduced something that had been missing from the Chevrolet Corvette franchise since 1975— a true convertible. Considering the B-pillar and connecting material were integral to the Corvette Coupe’s structure, the frame was considerably reworked and it actually resulted in the ‘Vette emitting less creaks over bumps. A C4 Convertible was the official pace car at the Indy 500 that year, and all 7,315 Corvette Convertibles in 1986 were shipped with the “Official Pace Car” decal in the trunk so the owner could decide to add it or not.

For the L98 engine, new aluminum heads replaced the cast iron ones, resulting in a bump of about 5 hp. Early 1986 Corvette heads proved too thin, though, and there are cracking issues under high load. These heads were later upgraded to thicker ones later in the production run, and you can tell these heads by their larger intake ports and centrally located, copper-core spark plugs. Triple catalytic converters were also added for 1986 to keep up with EPA regulations and the gas tank on automatic models was reduced by two gallons.

For 1986, Bosch ABS standard became on all Corvettes and a high-mount center brake light was added per government regulation. It is located where the rear window rises to meet the roof, and visually distinguishes ’86-and-newer models from the older C4’s.

Another addition was the Pass Key I passive anti-theft system. Each key contained a unique pellet, which was detected by the car to allow entry into the vehicle, but only 15 different pellet types existed. With a 1-in-15 chance of a stolen key working, thieves quickly took advantage, and the Pass Key quickly lost its advantage.

Enthusiastic collectors of the C4 might be particularly interested in the “Malcom Koner Special Edition” coupes. They honored a New Jersey dealer and featured a unique two-tone paint scheme. Only 50 were built, and who knows how many are in original spec. GM produced 35,109 Corvettes for the 1986 model year, and they carried a base price of around $26,000.

Vehicle specifications

  • Wheel Base Shortest - Inches96.0
  • Wheel Base Longest - Inches96.0
  • Shipping Weight3086
  • Drive TypeRWD
  • Manufacturer NameGeneral Motors
  • Front Tire Size16R225
  • Manufacturer MSRP27027
  • Market SegmentationLuxury Sport
  • Manufacturer CodeC137
  • Front Tire Size Code39

Equipment

  • StandardOptional
  • Transmission—4 Speed Manual
  • Power BrakesYes—
  • Power SteeringYes—
  • EntertainmentAM/FMAM/FM CASS
  • Air ConditioningYes—
  • Power WindowsYes—
  • Tilt Steering WheelYes—
  • Anti-Lock BrakingAll Wheel—
  • Restraint typeActive (Manual) Belts—
  • Security EquipmentPass Key—

Equipment

Standard

  • Power BrakesYes
  • Power SteeringYes
  • EntertainmentAM/FM
  • Air ConditioningYes
  • Power WindowsYes
  • Tilt Steering WheelYes
  • Anti-Lock BrakingAll Wheel
  • Restraint typeActive (Manual) Belts
  • Security EquipmentPass Key

Optional

  • Transmission4 Speed Manual
  • EntertainmentAM/FM CASS
Find more values
Search for prices of other cars, trucks, vans and motorcycles
Classic car

Common Questions

The value of a 1986 Chevrolet Corvette can vary greatly depending on its condition, mileage, options, and history. Typically, you can expect to pay around $10,200 for a 1986 Chevrolet Corvette in good condition with average spec.

The highest selling price of a 1986 Chevrolet Corvette at auction over the last three years was $880,000. The highest prices are usually reserved for rare or exceptionally well-maintained examples with desirable features or modifications and excellent history.

The lowest selling price of a 1986 Chevrolet Corvette at auction over the last three years was $5,150. The lowest prices are usually paid for examples that have extensive maintenance needs, differ greatly from their original configuration, or have accident histories or title problems.

In the last three years there have been 76 1986 Chevrolet Corvettes sold at public auction.

The most recent auction sale of a 1986 Chevrolet Corvette was $11,865 on March 11, 2025 by Bring a Trailer.

Many factors can increase a car's value including excellent condition, exceptional originality, a recent restoration, low mileage, unique provenance, desirable options, popular or unique color choices, and excellent maintenance records. Upgrades and modifications that enhance performance or aesthetics can also add value.

Factors that can decrease a car's value include unusually high mileage, poor maintenance history, visible wear and tear, accidents or damage, title issues, and gaps in ownership history. Additionally, less popular color choices and extensive modifications that don't appeal to a broad audience can reduce value.

Mileage plays a significant role in a classic car’s value. Lower mileage usually increases value because it indicates a higher degree of originality, is rarer, and suggests less wear and tear. However, cars with exceptionally low mileage may also have maintenance needs due to lack of use. Whether someone should pay more for a vehicle with lower miles will depend on how they plan on using it, and the vehicle's specific condition.

The value of modified cars differs widely based on the type and quality of modifications. While some modifications can significantly increase value, especially performance enhancements and high-quality custom work, others may not add much or could even detract from the car’s value if they appeal to only a limited audience.

All prices shown here are based on various data sources, as detailed in About Our Prices. The Hagerty Price Guide is for informational purposes only and is not intended as financial advice. More information on how forecast models are calculated can be found on Forecasted Values page. For additional information and a complete description of benefits, visit hagerty.com/legal. Purchase of insurance not required for membership in HDC. Hagerty, Hagerty Valuation Tools & Hagerty Drivers Club are registered trademarks of The Hagerty Group LLC, ©2025 The Hagerty Group, LLC. All Rights Reserved. The Hagerty Group, LLC is a wholly owned subsidiary of Hagerty, Inc.

Unlock your free account
Access more Hagerty Price Guide values in a few simple steps.
Welcome!

Would you like a short tour of how to use this website?