1971 Chevrolet Impala

2dr Convertible

8-cyl. 454cid/365hp 4bbl

#1 Concours condition#1 Concours
#2 Excellent condition#2 Excellent
#3 Good condition#3 Good

$48,500 CAD*

-1.4%
#4 Fair condition#4 Fair
Value Graph01/2404/2407/24$10k$20k$30k$40kOct 2024
Pricing adjustments
-20% for 6-cyl.
Adjustments are in USD
-20% for 6-cyl.
Adjustments are in USD
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1971-1976 Chevrolet Impala stats
Highest sale
$94,417 CAD
Lowest sale
$575 CAD
Most recent sale
$6,309 CAD
Sales
61

Photos

1 photoImage may not reflect selected vehicle.

1971 Chevrolet Impala Convertible
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**Figure based on a stock 1971 Chevrolet Impala valued at $48,500 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.

Model overview

Model description

The Chevrolet Impala received a major redesign in 1971, making it the biggest passenger car Chevrolet had ever produced. The new Impala was 220 inches long, which was comparable to a 1957 Cadillac. Its 121.5-inch wheelbase helped deliver a smooth ride, and the wider frame resulted in a very spacious cabin. The 1971 Chevrolet Impala was available as two-door sport coupes and custom coupes, as well as four-door hardtops and sedans, a convertible, and station wagon. Prices ranged from $3,400 to $4,000, which was a significant hike from the previous year. As a result, sales suffered.

For the base sedans and coupes, the Chevrolet Impala’s standard engine was a 250-cid six-cylinder with a single-barrel carburetor that delivered 145 hp. V-8 options ran from a 350-cid, 245-hp engine, through 255-hp and 300-hp 400-cid motors, all the way up to a powerful 454-cid unit that produced 365 hp. A three-speed manual transmission was standard on the smaller engines, while automatic could be equipped to all the power plants.

Power ratings were revised for 1972, so though engine choices remained the same, their new numbers were 110, 165, 170, 210, and 270. The Impala received some slight exterior restyling in 1973, included federal bumpers, and the six-cylinder engine was no longer available for the Impala. Emissions-related regulations brought engine output down from the previous year. In 1974, the Impala’s front end carried a different look from its Caprice Classic corporate sibling, though the two came back in line in 1975. Another notable change during this period is the introduction of a Landau coupe in 1975.

By 1976 the Chevrolet Impala had evolved to be a 4,200-pound car, which was out of step with fuel-conscious car buying climate of the day. In 1977, Chevy launched a smaller Impala to better meet customer demand. The fifth generation Impala, however, remains noteworthy as one of the biggest cars Chevrolet ever put on the road. The earliest cars of this era are particularly attractive due to their more powerful motors and cleaner exterior design, and enthusiasts are willing to pay higher prices as a result. High production numbers for these cars mean parts support is abundant and ownership is relatively easy.

Vehicle specifications

  • Vehicle Length217 in
  • Wheelbase - Inches121.5 in

Equipment

  • StandardOptional
  • Transmission3-Speed Manual TransmissionAutomatic Transmission
  • Power SteeringYes
  • Air ConditioningYes
  • Manual Cruise ControlSpeed Control
  • WindowsPower Windows
  • Comfort Equipment Heater/Defroster
  • SeatsBench Seat
  • TachometerYes

Equipment

Standard

  • Transmission3-Speed Manual Transmission
  • Power SteeringYes
  • Comfort Equipment Heater/Defroster
  • SeatsBench Seat

Optional

  • TransmissionAutomatic Transmission
  • Air ConditioningYes
  • Manual Cruise ControlSpeed Control
  • WindowsPower Windows
  • TachometerYes
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Common Questions

The value of a 1971 Chevrolet Impala can vary greatly depending on its condition, mileage, options, and history. Typically, you can expect to pay around $20,592 USD for a 1971 Chevrolet Impala in good condition with average spec.

The highest selling price of a 1971 Chevrolet Impala at auction over the last three years was $89,261 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 Impala at auction over the last three years was $89,261 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 1 1971 Chevrolet Impalas sold at public auction.

The most recent auction sale of a 1971 Chevrolet Impala was $89,261 CAD on January 13, 2022 by Mecum Auctions.

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.

All prices shown here are representative of stock condition vehicles only and based on various data sources, as detailed in About Our Prices. Value adjustments for optional equipment are in U.S. dollars. More information on how forecast models are calculated can be found on Forecasted Values page. For additional information and a complete description of benefits, visit hagerty.CA/legal. Purchase of insurance not required for membership in HDC. Hagerty, Hagerty Valuation Tools & Hagerty Drivers Club are registered trademarks of the Hagerty Group LLC, ©2024 The Hagerty Group, LLC. All Rights Reserved.