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Listed with Bring a Trailer, the classic Chevy sports car is absolutely stunning and could end up being the bargain of the year.
The 1956 Chevrolet Corvette, to most, is the ultimate American dream. Not only is it the epitome of all that is a classic car, but it is also the ultimate embodiment of all that is America. The hard-working blue-collar person can eventually afford a Corvette. It isn't an out-of-reality dream like the Mercedes-Benz 300 SLR Uhlenhaut, which just sold for $142M.
This 1956 Corvette on www.bringatrailer.com is selling for $70,000 and although that sounds like a lot, the average hard-working American could afford this.
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This 1956 Chevrolet Corvette sports a dual-quad 265 ci V8 paired with a three-speed manual transmission. It has had a full restoration done 12 years ago and dons black over red vinyl upholstery. Sporting a black soft top, an AM/FM/cassette stereo, a heater, this gorgeous classic also has very clean 15″ steel wheels with spinner-style covers which show off the 215/75 Coker American Classic whitewall tires. The website also tells us that the car has spent some time in Arizona and Canada.
The interior showcases magnificent bucket seats that don red vinyl and color-matching dashboard, carpeting, and door panels. The car does have an aftermarket AM/FM/cassette stereo, a fire extinguisher, a heater, a dash-mounted rearview mirror, lap belts, an analog clock, and embroidered floor mats. Hosting a three-spoke steering wheel and center-mounted instrumentation which includes a 140 mph speedometer, a tachometer as well as other gauges for fuel level, coolant temperature, amperage, and oil pressure. The odometer shows 92k miles, which the website tells us that 1,000 of those miles were driven by the current owner.
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The power comes from a 265 ci V8 with dual four-barrel carburetors, pumping out 225 horsepower when new. Power goes to the rear wheels through a three-speed manual transmission. Photos of the vehicle show that the engine is in showroom quality.
We at the HotCars lab, did a bit of research to see the true value of the car. The inflation rate from 1956 to the present day is 3.65% per year, producing a cumulative price increase of 962.90%. With a price of around $3,500 when new in 1956 (which was about double the price of a family car) this means that this car today would be worth, $37,201 if sold new. Doubling that amount comes to $74,403.06. This means that this car is selling for less than double of its original MSRP (in today's terms) and for the definitive American classic in pristine condition. Well, that's the bargain of the millennium.
Pat is a licensed mechanic who has built everything from custom tent trailers to resto-modding a 1950's all Canadian Princecraft boat and everything in between. Pat currently drives a modified '05 Mustang, lifted '08 F250 and a Mercedes E350 Coupe.