1962 Chevrolet Corvette

2dr Convertible

8-cyl. 327cid/250hp 4bbl

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

$55,800*

-7%
#4 Fair condition#4 Fair

Calculate the price

Please select all adjustments that have been made to your vehicle

Value Graph04/2407/2410/24$20k$40k$60kJan 2025

Forecasted valuesBeta

We have forecasted how much values for the 1953-1962 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.

1953-1962 Chevrolet Corvette stats
Highest sale
$1,650,000
Lowest sale
$1
Most recent sale
$98,175
Sales
5523
Explore Hagerty Price Guide values for this generationResearch values for all configurations from this generation on a single page
Explore GenerationSelected

Photos

37 photosImages may not reflect selected vehicle.

1962 Chevrolet Corvette 2dr Convertible Courtesy of Hyman Ltd.
1962 Chevrolet Corvette 2dr Convertible Courtesy of Hyman Ltd.
1962 Chevrolet Corvette 2dr Convertible Courtesy of Hyman Ltd.
1962 Chevrolet Corvette 2dr Convertible Courtesy of Hyman Ltd.
1962 Chevrolet Corvette 2dr Convertible Courtesy of Hyman Ltd.
1962 Chevrolet Corvette 2dr Convertible Courtesy of Hyman Ltd.
1962 Chevrolet Corvette 2dr Convertible Courtesy of Hyman Ltd.
1962 Chevrolet Corvette 2dr Convertible Courtesy of Hyman Ltd.
1962 Chevrolet Corvette 2dr Convertible Courtesy of Hyman Ltd.
1962 Chevrolet Corvette 2dr Convertible Courtesy of Hyman Ltd.
1962 Chevrolet Corvette 2dr Convertible Courtesy of Hyman Ltd.
1962 Chevrolet Corvette 2dr Convertible Courtesy of Hyman Ltd.
1962 Chevrolet Corvette 2dr Convertible Courtesy of Hyman Ltd.
1962 Chevrolet Corvette 2dr Convertible Courtesy of Hyman Ltd.
1962 Chevrolet Corvette 2dr Convertible Courtesy of Hyman Ltd.
1962 Chevrolet Corvette 2dr Convertible Courtesy of Hyman Ltd.
1962 Chevrolet Corvette 2dr Convertible Courtesy of Hyman Ltd.
1962 Chevrolet Corvette 2dr Convertible Courtesy of Hyman Ltd.
1962 Chevrolet Corvette 2dr Convertible Courtesy of Hyman Ltd.
1962 Chevrolet Corvette 2dr Convertible Courtesy of Hyman Ltd.
1962 Chevrolet Corvette 2dr Convertible Courtesy of Hyman Ltd.
1962 Chevrolet Corvette 2dr Convertible Courtesy of Hyman Ltd.
1962 Chevrolet Corvette 2dr Convertible Courtesy of Hyman Ltd.
1962 Chevrolet Corvette 2dr Convertible Courtesy of Hyman Ltd.
1962 Chevrolet Corvette 2dr Convertible Courtesy of Hyman Ltd.
1962 Chevrolet Corvette 2dr Convertible Courtesy of Hyman Ltd.
1962 Chevrolet Corvette 2dr Convertible Courtesy of Hyman Ltd.
1962 Chevrolet Corvette 2dr Convertible Courtesy of Hyman Ltd.
1962 Chevrolet Corvette 2dr Convertible Courtesy of Hyman Ltd.
1962 Chevrolet Corvette 2dr Convertible Courtesy of Hyman Ltd.
1962 Chevrolet Corvette 2dr Convertible Courtesy of Hyman Ltd.
1962 Chevrolet Corvette 2dr Convertible Courtesy of Hyman Ltd.
1962 Chevrolet Corvette 2dr Convertible Courtesy of Hyman Ltd.
1962 Chevrolet Corvette 2dr Convertible Courtesy of Hyman Ltd.
1962 Chevrolet Corvette 2dr Convertible Courtesy of Hyman Ltd.
1962 Chevrolet Corvette 2dr Convertible Courtesy of Hyman Ltd.
1962 Chevrolet Corvette 2dr Convertible Courtesy of Hyman Ltd.
insurance

Protect your 1962 Chevrolet Corvette from the unexpected.

Better coverage built for classics at a price you can afford. Online quotes are fast and easy

Model overview

Model description

The 1961 Chevrolet Corvette was one year removed from a major update to the rear end, swapping out the curvy rear end for the “wedge tail.” The ’61 and ’62 are the only C1 Corvettes to have this rear end, which would go on to lay the groundwork for the C2 Stingray.

What sets the ’62 apart from the ’61 is the paint within the scalloped side sections, or “coves.” Previous years featured white and other colors to contrast with the body color, but this was exchanged for a matching color scheme. The chrome border was also removed, and a vent now appeared behind the front wheel.

Color choices included Tuxedo Black, Fawn Beige, Roman Red, Ermine White, Almond Beige, Sateen Silver, and Honduras Maroon. Wheels could also be ordered as body color, continuing the march away from the chrome and fins of previous models.

Under the hood, the small-block Chevy V-8 engine’s displacement was increased to 327 cid, and offerings simplified to just four. There were three carbureted versions as well as one fuel injected. The carburetor engines made 240, 300 or 340 hp, respectively, while the fuel injected model put out an impressive 360 hp. GM also simplified the transmission offerings, providing either a Powerglide automatic or 4-speed manual transmission.

Seatbelts were standard from the factory, as were a heater and defroster. The heater/defroster could be deleted, however, to save weight.

The rarity for this year is any Corvette with the “Sebring Package.” Designed for racing, this package included hood louvers, headlight covers, front anti-sway bar, a massive 37-gallon fiberglass fuel tank and other performance mods.

General Motors built 14,531 examples of the 1962 Chevrolet Corvette, marking the post popular model year for the first-generation C1 ‘Vette.

Vehicle specifications

  • Shipping Weight3060 lbs
  • Vehicle Length177.2 in
  • Wheelbase - Inches102 in

Equipment

  • StandardOptional
  • Transmission3-Speed Manual Transmission
  • BrakesHeavy Duty Brakes and Suspension
  • TiresWhite Sidewall Tires
  • EntertainmentAM
  • WindowsPower Windows
  • Comfort Equipment Heater
  • SeatsBucket Seats
  • TachometerYes
  • Restraint TypeSeat Belts

Equipment

Standard

  • Transmission3-Speed Manual Transmission
  • SeatsBucket Seats
  • TachometerYes
  • Restraint TypeSeat Belts

Optional

  • BrakesHeavy Duty Brakes and Suspension
  • TiresWhite Sidewall Tires
  • EntertainmentAM
  • WindowsPower Windows
  • Comfort Equipment Heater
Find more values
Search for prices of other cars, trucks, vans and motorcycles
Classic car

Common Questions

The value of a 1962 Chevrolet Corvette can vary greatly depending on its condition, mileage, options, and history. Typically, you can expect to pay around $60,450 for a 1962 Chevrolet Corvette in good condition with average spec.

The highest selling price of a 1962 Chevrolet Corvette at auction over the last three years was $572,000. 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 1962 Chevrolet Corvette at auction over the last three years was $36,300. 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 220 1962 Chevrolet Corvettes sold at public auction.

The most recent auction sale of a 1962 Chevrolet Corvette was $109,200 on December 11, 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.