1986 Chevrolet Monte Carlo SS

2dr Aero Coupe

8-cyl. 305cid/180hp 4bbl HO

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

$23,800*

-8.8%
#4 Fair condition#4 Fair

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Model overview

Model description

For 1978, all GM intermediate cars were downsized. 700 pounds and 15 inches of length off of the Chevrolet Monte Carlo, but at the same time added more interior and trunk space. For the 1978 model year, the third generation Chevy Monte Carlo could be had with a 231 cubic inch V-6 from Buick or a Chevy 305 V-8. A 3-speed manual came standard, but V-8 and Landau models came with the auto and the V-8 could be ordered with a 4-speed.

For 1979 there were minor trim changes and a change from the 231 Buick to a 200 cid Chevrolet V-6 as the base engine. The V-8’s performance jumped slightly to 160 hp. Manual transmissions had proven unpopular on the Monte Carlo and were discontinued after 1979. 1980 saw a more notable change visually with new quad headlights up front, and under the hood there was a new base V-6, a 231 cid turbocharged V-6 that made 170 hp, and 267 or 305 cid versions of the Chevrolet small block V-8.

1981 saw another restyle, although the engines remained the same as the year before, including the turbo V-6. The turbo was discontinued after 1982, though, and new powerplants included a 260 cid V-6 and an Oldsmobile 350 V-8, which were both diesels. For 1983, a Super Sport package called the Z65 was introduced and included a new front fascia, rear spoiler and the small-block V-8. The 1984 Monte Carlo SS got a slight bump in power, and came with Strato bucket seats and a center console. 1985 added available T-tops to the SS as well as more available colors and a 3.73 rear axle. As for the rest of the Monte Carlo range, the diesel engines were gone and the remaining engines got a slight bump in power.

1986 introduced the interesting Aerocoupe model, which had a Monte Carlo SS body but with sloping rear glass and a small trunk spoiler. Only 200 were sold in order to homologate the body style for NASCAR, where the elongated rear window had an aerodynamic advantage. The Aerocoupe proved to be a popular choice in 1987, however, as over 6,000 sold out of just over 39,000 total Monte Carlo SSs sold that year.

While Monte Carlo has been the body style to beat in NASCAR during much of the 1970s, the shorter third generation cars did not prove all that competitive. The Monte Carlo returned to glory, however, with the introduction of the Aerocoupe. Darrell Waltrip won 12 races, including the 1989 Daytona 500, in a Monte Carlo Aerocoupe.

The last year for this generation Monte Carlo was 1988, and this would also be the last of the rear-wheel drive Monte Carlos. For many, the move to a transversely mounted and front-drive with the fifth generation was effectively the death of the model.

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Common Questions

The value of a 1986 Chevrolet Monte Carlo SS can vary greatly depending on its condition, mileage, options, and history. Typically, you can expect to pay around $21,700 for a 1986 Chevrolet Monte Carlo SS in good condition with average spec.

The highest selling price of a 1986 Chevrolet Monte Carlo SS at auction over the last three years was $62,700. 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 Monte Carlo SS at auction over the last three years was $7,817. 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 20 1986 Chevrolet Monte Carlo SSs sold at public auction.

The most recent auction sale of a 1986 Chevrolet Monte Carlo SS was $7,817 on October 21, 2024 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, ©2024 The Hagerty Group, LLC. All Rights Reserved. The Hagerty Group, LLC is a wholly owned subsidiary of Hagerty, Inc.