In 1955, Chevrolet gave its entry level model the Chevrolet 150, a new chassis, a new look, and a brand-new engine. While the Blue Flame six-cylinder was still standard, a 265-cid V-8 that used a two-barrel carburetor to produce 162 hp or a four-barrel to produce 180 hp were optional. All 150s were closed models, as two- and four-door sedans, a two-door utility sedan, a unique sedan delivery, and a two-door Handyman station wagon addressed the needs of price conscious-buyers and fleet operators alike. The cars were virtually void of any trim, and were notably Spartan in standard spec. Prices for a 150 in 1955 ranged from $1,600 to $2,000.

The Chevy 150 received the same sportier styling tweaks that the 20 and Bel Air did, but was otherwise largely unchanged in 1956, though the V-8 could now be equipped with a four-barrel carburetor that helped produce 205 hp, or two four-barrel carbs that could generate 225 hp. Most famously, the 150 line gained the 283-cid V-8 in 1957. This engine could be equipped with any number of carb choices to the tune of 185 hp to 270 hp, or it could utilize fuel injection for 283, though few 150s were so equipped when new.

The model was replaced in 1958 with the Chevrolet Delray. Production of the 150 was a fraction of what 210 and Bel Air sales totaled during the “Tri Five” era, which makes them comparatively difficult to find today. Given that they weren’t equipped with the same level of creature comforts as the other Chevys of the day, most collectors seek out the 150 for the more unusual sedan delivery and utility sedan body styles. It is also a much more affordable way to gain ownership of a two-door wagon. The 150 shared its mechanical parts with the 210 and Bel Air which makes restoration parts, services, and expertise all readily available.