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1989 Chevrolet Corvette
2dr Convertible
8-cyl. 350cid/245hp FI
#1 Concours condition#1 Concours
#2 Excellent condition#2 Excellent
#3 Good condition#3 Good
$12,600*
+24.8%
#4 Fair condition#4 Fair
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Apr 2025
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1984-1996 Chevrolet Corvette stats
Number produced **
9749
Highest sale
$880,000
Lowest sale
$32
Most recent sale
$33,075
Sales
4957
Photos
38 photosImages may not reflect selected vehicle.
Past sales
$33,075
1991 Chevrolet Corvette ZR-1
10000 M
Standard
North America
Mar 31, 2025Bring a Trailer
View details
$13,650
1996 Chevrolet Corvette Base
97000 M
Standard
North America
Mar 31, 2025Bring a Trailer
View details
$14,186
1993 Chevrolet Corvette Base
32000 M
Standard
North America
Mar 24, 2025Bring a Trailer
View details
$9,240
1993 Chevrolet Corvette Base
96000 M
Automatic
North America
Mar 19, 2025Bring a Trailer
View details
$24,675
1990 Chevrolet Corvette ZR-1
21000 M
Standard
North America
Mar 18, 2025Bring a Trailer
View details
$14,175
1992 Chevrolet Corvette Base
39000 M
Standard
North America
Mar 15, 2025Bring a Trailer
View details
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Model overview
Model description
1989 was the last year before a mid-cycle refresh for the Chevrolet Corvette, and while the high-performance four-cam ZR-1 was heavily promoted, it would not actually arrive until 1990. That said, the 1989 Corvette was not without its advancements.
A ZF 6-speed manual replaced the quirky Doug Nash 4+3 transmission, but the ZF unit was not without its quirks. It featured a Computer Aided Gear Selection (CAGS) 1-to-4 lockout that, if under light acceleration, would lock out second and third gears and force a shift from first to fourth. Under hard acceleration, though, all gears were available. This, of course, was for fuel economy purposes, and high-performance GM cars have since used the system on other manual transmissions. Thankfully, it can be defeated with a few bucks and a few minutes under the transmission. In general, the ZF 6-speed was a major improvement over the old 4+3, and manual transmission cars tend to command a price premium over automatics.
The Z52 package that was optional on previous model years of the Corvette became standard equipment for 1989. That meant all ’89 Corvette’s received the upgraded 17-inch wheels, tighter-ratio steering, Delco-Bilstein shocks and front-end reinforcements. Models with the optional Z51 performance package were also available with upgraded leather seats.
For 1989, Corvette began to introduce the FX3 Selective Ride Control system as an option. Only available with models optioned with the Z51 package, the FX3 system allowed the driver to adjust the firmness of the suspension system. 1989 would also mark the last year for the SCCA’s Corvette Challenge. 60 cars were built, and their engines were swapped out with higher-performance units.
For convertible models, a bolt-on hardtop was available, providing more protection from the elements. Chevrolet sold 26,412 Corvettes for the 1989 model year. 69 were the Callaway Twin-Turbo Corvettes and 1,573 Corvette convertibles featured the bolt-on top.
Vehicle specifications
- Wheel Base Shortest - Inches96.0
- Wheel Base Longest - Inches96.0
- Shipping Weight3269
- Drive TypeRWD
- Manufacturer NameGeneral Motors
- Front Tire Size17R275
- Manufacturer MSRP36785
- Market SegmentationLuxury Sport
- Manufacturer CodeC137
- Front Tire Size Code50
Equipment
- StandardOptional
- Transmission4 Speed Automatic—
- Power BrakesYes—
- Power SteeringYes—
- EntertainmentAM/FMAM/FM CASS
- Air ConditioningYes—
Equipment
Standard
- Transmission4 Speed Automatic
- Power BrakesYes
- Power SteeringYes
- EntertainmentAM/FM
- Air ConditioningYes
Optional
- EntertainmentAM/FM CASS
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Common Questions
The value of a 1989 Chevrolet Corvette can vary greatly depending on its condition, mileage, options, and history. Typically, you can expect to pay around $11,000 for a 1989 Chevrolet Corvette in good condition with average spec.
The highest selling price of a 1989 Chevrolet Corvette at auction over the last three years was $44,625. 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 1989 Chevrolet Corvette at auction over the last three years was $5,500. 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 61 1989 Chevrolet Corvettes sold at public auction.
The most recent auction sale of a 1989 Chevrolet Corvette was $10,800 on February 21, 2025 by GAA Classic Cars.
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.