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1954 Chevrolet Corvette
2dr Roadster
6-cyl. 235cid/150hp 3x1bbl
#1 Concours condition#1 Concours
#2 Excellent condition#2 Excellent
#3 Good condition#3 Good
$86,700 CAD*
+4.3%
#4 Fair condition#4 Fair
Apr 2025
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Past sales
$168,104 CAD
1958 Chevrolet Corvette Base
31 M
Standard
North America
Apr 5, 2025Mecum Auctions
View details
$93,825 CAD
1961 Chevrolet Corvette Base
324 M
Standard
North America
Apr 5, 2025Mecum Auctions
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$187,651 CAD
1962 Chevrolet Corvette Base
1274 M
Standard
North America
Apr 5, 2025Mecum Auctions
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$101,644 CAD
1962 Chevrolet Corvette Base
41456 M
Standard
North America
Apr 4, 2025Mecum Auctions
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$75,060 CAD
1960 Chevrolet Corvette Base
24867 M
Standard
North America
Apr 4, 2025Mecum Auctions
View details
$123,807 CAD
1962 Chevrolet Corvette Base
1944 M
Standard
North America
Apr 3, 2025Mecum Auctions
View details
Insurance
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**Figure based on a stock 1954 Chevrolet Corvette valued at $86,700 CAD with ON rates with $100/300K liability/UM/UIM limits. Actual costs vary depending on the coverage selected, vehicle condition, province and other factors. Hagerty determines final risk acceptance.
More 1954 Chevrolet Corvette values
Model overview
Model description
The Chevrolet Corvette had been introduced for 1953, and while it had notable shortcomings, it only went into 1954 with minor improvements. One could almost call the 1953 Corvette a “soft launch” of the icon, making 1954 the first major mass-production year.
The big differences were in the expanded colors offered. In addition to Polo White, carried over from 1953, you could now order the Corvette in Pennant Blue, Sportsman Red or Black. Chevrolet also added an available beige convertible top. All models still had red interiors, save for the Pennant Blue models, which had a beige interior as well as the beige soft top. Like the ’53, the ’54 model had clip-in side windows, which would be phased out for 1955.
Chevrolet continued to offer the 235 cid that made 150 hp. Halfway through 1955, Chevrolet employed a camshaft revision, resulting in an increase of 5 horsepower to 155.
The 2-speed Powerglide automatic was the only transmission offered, even though it was listed as a $178 option. It was one of many “mandatory” options listed on the 1954 Corvette, which also included directional signal, heater, AM stereo with signal seeking, 6.70x10 whitewall tires, windshield washers, parking brake alarm, and courtesy lights. A Paxton supercharger was offered as a dealer-installed option, but few cars were so equipped.
General Motors produced 3,640 Corvettes for 1954, marking a more-than-ten-times increase in vehicles built. The 1954 Corvettes have a certain appeal in that they offer all the great looks of the 1953 cars but come at a fraction of the price.
Vehicle specifications
- Shipping Weight2850 lbs
- Vehicle Length167 in
- Wheelbase - Inches102 in
Equipment
- StandardOptional
- TransmissionAutomatic Transmission—
- TiresWhite Sidewall Tires—
- Entertainment—AM
- Comfort Equipment —Heater
- SeatsBucket Seats—
Equipment
Standard
- TransmissionAutomatic Transmission
- TiresWhite Sidewall Tires
- SeatsBucket Seats
- TachometerYes
Optional
- EntertainmentAM
- Comfort Equipment Heater
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Common Questions
The value of a 1954 Chevrolet Corvette can vary greatly depending on its condition, mileage, options, and history. Typically, you can expect to pay around $62,400 USD for a 1954 Chevrolet Corvette in good condition with average spec.
The highest selling price of a 1954 Chevrolet Corvette at auction over the last three years was $512,589 CAD. 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 1954 Chevrolet Corvette at auction over the last three years was $37,929 CAD. 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 75 1954 Chevrolet Corvettes sold at public auction.
The most recent auction sale of a 1954 Chevrolet Corvette was $125,043 CAD on April 01, 2025 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.