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1971 Chevrolet Corvette
2dr Coupe
8-cyl. 350cid/270hp 4bbl
#1 Concours condition#1 Concours
#2 Excellent condition#2 Excellent
#3 Good condition#3 Good
$32,700 CAD*
+16%
#4 Fair condition#4 Fair
Jan 2025
Pricing adjustments
+$1,800 for close ratio 4-spd.
-8% for auto trans.
+$200 for pwr wndws.
+$2,000 for a/c.
+$1,850 for hard top.
+$900 for custom interior (leather).
+$2,500 for pwr strg.
+$1,500 for tilt/tele strng whl.
Adjustments are in USD
+$1,800 for close ratio 4-spd.
-8% for auto trans.
+$200 for pwr wndws.
+$2,000 for a/c.
+$1,850 for hard top.
Adjustments are in USD
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1968-1982 Chevrolet Corvette stats
Highest sale
$4,191,586 CAD
Lowest sale
$453 CAD
Most recent sale
$51,038 CAD
Sales
10000
Photos
33 photosImages may not reflect selected vehicle.
Past sales
$53,445 CAD
1968 Chevrolet Corvette Base
60000 M
Standard
North America
Mar 24, 2025Bring a Trailer
View details
$124,289 CAD
1968 Chevrolet Corvette Base
25000 M
Standard
North America
Mar 21, 2025Bring a Trailer
View details
$29,377 CAD
1975 Chevrolet Corvette Base
19000 M
Automatic
North America
Mar 21, 2025Bring a Trailer
View details
$29,375 CAD
1981 Chevrolet Corvette Base
8000 M
Automatic
North America
Mar 20, 2025Bring a Trailer
View details
$30,214 CAD
1975 Chevrolet Corvette Base
43000 M
Standard
North America
Mar 14, 2025Bring a Trailer
View details
$37,776 CAD
1975 Chevrolet Corvette Base
45000 M
Automatic
North America
Mar 12, 2025Bring a Trailer
View details
Insurance
Protect your 1971 Chevrolet Corvette from the unexpected for only $405 CAD per year**
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**Figure based on a stock 1971 Chevrolet Corvette valued at $32,700 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 1971 Chevrolet Corvette values
Model overview
Model description
The 1971 Corvette changed very little in appearance from 1970, but the new motors had lower compression ratios as GM geared up for lower octane unleaded gas. The basic 350 cid Chevy V-8 now made 270 bhp, down from 300, while the solid lifter LT1 produced just 330 bhp, down from 370. Among the big-blocks, the LS5 454 generated 365 bhp, down from 390. The LS6 454, however, still managed 425 bhp as a tamer version of the canceled 1970 model, which had been good for 460 bhp.
Sales rose slightly to 21,801 units, with 14,680 coupes and 7,212 convertibles. Base prices also rose. The convertible now topped $5,000 at $5,259, and the coupe was $5,496. Auxiliary hardtops went to 2,619 convertible buyers and 832 of those were ordered a vinyl cover. The LS5 attracted 5,097 buyers, while the LS6 only found 188 buyers (it cost an extra $1,221). For the small-block LT1, 1,949 buyers stepped up.
High-performance options included the ZR1 special purpose model with the LT1 engine, M22 heavy duty close-ratio gearbox, power brakes, aluminum radiator and heavy duty suspension for $1,010. Only eight were built and the ZR2 big-block package with the 425 bhp 454 cubic inch V-8 found a mere 12 buyers. Buyers could order a Hydra-Matic transmission with the LS6 engine, but not in the ZR2 option. Base cars had the wide-ratio 4-speed gearbox, but 2,347 buyers opted for the close-ratio M21 gearbox and 130 ordered the heavy duty close-ratio 4-speed.
The custom interior had woodgrain finish and carpeted lower doors, and such buyers often chose the 3-speed Hydra-Matic automatic transmission (10,060), air-conditioning (11,481), power windows (6,192) power brakes (13,558), power steering (17,904) and white letter tires (12,449).
There were 10 colors to choose from this year and the numbers were recorded again: War Bonnet Yellow (3,706), Brands Hatch Green (3,445) Mulsanne Blue (2,465), Ontario Orange (2,269), Mille Miglia Red (2,180), Classic White (1,875), Steel Cities Gray (1,591), Bridgehampton Blue (1,417) Nevada Silver (1,177) and Sunflower Yellow (1,177).
Vehicle specifications
- Vehicle Length182.5 in
- Wheelbase - Inches98 in
Equipment
- StandardOptional
- Transmission4-Speed Manual TransmissionAutomatic Transmission
- BrakesDisc BrakesPower Brakes
- Power Steering—Yes
- Tires—White Sidewall Tires
- Entertainment—AM/FM
Equipment
Standard
- Transmission4-Speed Manual Transmission
- BrakesDisc Brakes
- Comfort Equipment Heater/Defroster
- SeatsBucket Seats
- TachometerYes
Optional
- TransmissionAutomatic Transmission
- BrakesPower Brakes
- Power SteeringYes
- TiresWhite Sidewall Tires
- EntertainmentAM/FM
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Common Questions
The value of a 1971 Chevrolet Corvette can vary greatly depending on its condition, mileage, options, and history. Typically, you can expect to pay around $49,425 USD for a 1971 Chevrolet Corvette in good condition with average spec.
The highest selling price of a 1971 Chevrolet Corvette at auction over the last three years was $294,506 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 1971 Chevrolet Corvette at auction over the last three years was $14,367 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 147 1971 Chevrolet Corvettes sold at public auction.
The most recent auction sale of a 1971 Chevrolet Corvette was $65,156 CAD on March 10, 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.