1956 Pontiac Chieftain 860

4dr Station Wagon

8-cyl. 316.6cid/205hp 2bbl

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

$27,200 CAD*

+1.1%
#4 Fair condition#4 Fair
Value Graph07/2410/2401/25$5k$10k$15k$20k$25kApr 2025
Pricing adjustments
-20% for 6-cyl.
Adjustments are in USD
-20% for 6-cyl.
Adjustments are in USD
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1955-1957 Pontiac Chieftain stats
Highest sale
$58,230 CAD
Lowest sale
$5,067 CAD
Most recent sale
$34,786 CAD
Sales
54

Photos

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1956 Pontiac Chieftain
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Model overview

Model description

Pontiac benefitted from GM’s massive redesign for 1955, sharing much of its styling cues with contemporary Chevrolets and Buicks. The entry-level Chieftain had dog-leg windshields and was wider and lower, with straight-through fender lines and attractive two-tone paint jobs divided by bright trim. The hoods had wide stainless strips down each side and the massive front bumper was divided. The new look pushed Pontiac past 500,000 units for the first time, and placed the company sixth on the sales list for the year.

The Chieftain was sold in both Special and Deluxe lines, and carried Pontiac’s new 287-cid Strato-Streak OHV V-8 engine, which developed from 173 hp to 200 hp depending on carburetion. Four- and two-door Chieftain sedans were available, as were two-door Colony station wagons, two-door Catalina hardtops, and a four-door wagon.

For 1956, engines were bumped to 316 cid and power to as much as 227 hp. The Chieftain Special received two more models with two- and four-door Catalina hardtops, while the Custom line dropped the two-door sedan and gained a four-door Catalina hardtop sedan. The front bumper became a one-piece bar with round bumper guards and reverse slash body moldings appeared.

”Bunkie” Knudsen, who took the helm at Pontiac the previous year, asserted himself in 1957. For the Chieftain, the signature trim stripes on the hood were removed and a rocket-shaped side trim was added. Tailfins grew bigger and the hood was lower. More importantly, under new appointees Elliott “Pete” Estes and John DeLorean, Pontiac bumped its engine to 347 cid and tuning options on the Chieftain ranged from a four-barrel to Tri-Power. The base engine was now good for 252 hp, while the most powerful motor available on the Chieftain created 317 hp.

While the family similarity is obvious in all three years, and the paint schemes might be most attractive in 1955 models, Knudsen offered options in 1957 that practically doubled the horsepower from two years earlier (173 to 317). Knudsen himself entered a unique fuel-injected Chieftain at the 1957 Daytona Beach Speed week and set a lap record at 131.47 mph. Pontiac won the 160-mph Grand National Race on the beach course at 101.6 mph – 11 mph faster than the year before. For that reason, most collectors seek out a 1957 Pontiac Chieftain. The other years in this generation are also terrific examples of prime 1950s American automobiles, though not quite as fast.

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Common Questions

The value of a 1956 Pontiac Chieftain 860 can vary greatly depending on its condition, mileage, options, and history. Typically, you can expect to pay around $12,367 USD for a 1956 Pontiac Chieftain 860 in good condition with average spec.

The highest selling price of a 1956 Pontiac Chieftain 860 at auction over the last three years was $58,230 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 1956 Pontiac Chieftain 860 at auction over the last three years was $5,067 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 39 1956 Pontiac Chieftain 860s sold at public auction.

The most recent auction sale of a 1956 Pontiac Chieftain 860 was $34,786 CAD on December 26, 2024 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.

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, ©2025 The Hagerty Group, LLC. All Rights Reserved.

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