1962 Oldsmobile Ninety-Eight

4dr Holiday Sedan

8-cyl. 394cid/330hp 4bbl

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

$15,100 CAD*

+13.5%
#4 Fair condition#4 Fair
Value Graph01/2404/2407/24$5k$10k$15kOct 2024
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1961-1964 Oldsmobile 98 stats
Highest sale
$37,457 CAD
Lowest sale
$5,459 CAD
Most recent sale
$20,585 CAD
Sales
37

Photos

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1964 Oldsmobile Ninety-Eight Custom Sport Coupe
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Model overview

Model description

Oldsmobile unveiled an all-new top-of-the-line 98 in 1961. The car was slightly smaller than the earlier generation of 98, and ushered in new styling for a new decade. The only fins were now downward-pointing at the rear, while the side panels were deeply scalloped. The grille was cut back sharply from the leading edge of the hood and the name Oldsmobile stretched between the headlights, above the bumper. Mechanically, the frame was redesigned, the Hydra-Matic transmission was improved, and both the rear seat and trunk were larger despite the car’s smaller proportions. For 1961 only, the car was officially known as the “Classic 98.”

Olds 98 models included two- and four-door Holiday Hardtops, a four-door Town Sedan, a four-door Sport Sedan with a wraparound rear window, and a convertible. A single 325-hp, 394-cid V-8 engine was available, and it was mated to a four-speed Hydra-Matic transmission. Total sales for the 98 in 1961 were more than 40,000.

The same five Oldsmobile 98 models were offered for 1962 and the body was even more conservative, with a looped grille in front, a curved side-scallop with a big trim patch at the front of the driver’s door and no fins at the rear. Sales jumped by 50% to nearly 65,000 Oldsmobile 98s.

For 1963, a new Custom Custom Sport Coupe joined the lineup, and it used the Starfire’s 345-hp V-8. The rest of the 98 lineup enjoyed a power bump to 330 hp. Visually, Oldsmobile smoothed out the 98’s side panels and added a ridge along the top of the fender to form the shape of the taillights. A new slim-line transmission cut the front floor tunnel significantly, climate controls could now be operated by a single unit, and a tilt wheel option was offered.

The 1964 Oldsmobile followed the very clean lines of the 1963 models with trim accents along the ridgelines and horizontal taillights. Corner lights were fitted and AM/FM radios offered, along with cruise control. Ten interior colors were available and 15 exterior paint tones. The 1965 model would see the start of “coke-bottle” side styling and the horsepower race would begin in earnest as the standard V-8 increased to 425 cid and 360 hp with the option for 370 hp.

Oldsmobile 98s from this period are reliable workhorses, often kept by older owners for long periods of time, and consequently well-maintained. Apart from some issues with slim-line automatic transmissions, they are usually trouble free. As an added benefit, they are typically equipped with power brakes, steering, windows and seats, and often have air conditioning. As genuine six-passenger cars, they make excellent long-distance cruisers.

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Common Questions

The value of a 1962 Oldsmobile Ninety-Eight can vary greatly depending on its condition, mileage, options, and history. Typically, you can expect to pay around $13,500 USD for a 1962 Oldsmobile Ninety-Eight in good condition with average spec.

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.