1964 Studebaker Challenger

4dr Sedan

8-cyl. 259cid/180hp 2bbl

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

$7,600 CAD*

+5.6%
#4 Fair condition#4 Fair
Value Graph07/2410/2401/25$2k$4k$6kApr 2025
Pricing adjustments
+$1,500 for hardtop with convertible.
-15% for auto trans on GXP.
Adjustments are in USD
+$1,500 for hardtop with convertible.
-15% for auto trans on GXP.
Adjustments are in USD
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1964 Studebaker Challenger stats
Highest sale
$60,512 CAD
Lowest sale
$8,708 CAD
Most recent sale
$26,870 CAD
Sales
508
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More 1964 Studebaker Challenger values

Model overview

Model description

1964 was a challenging year for Studebaker as the company moved towards the end of production just two years later. All U.S. production for the 1964 model year took place prior to December 20, 1963. Production continued in Hamilton, Ontario thereafter but the 1964 model year is split into the first series and second series, with substantial differences.

For 1964, Studebaker replaced its entry-level “Standard” line of Lark sedans with the new “Challenger” nameplate. The cars retained Lark badging on the rear fenders, but the old naming was on the way out.

A 1964 Challenger was substantially the same as a 1963 Standard. These cars were a bare step up from the minimalist “Taxi” and “Heavy Duty” models, and had no exterior trim pieces and Spartan interiors. The Challenger was available as a two-door sedan, four-door sedan, or four-door six-passenger station wagon.

Production of the 1964 Challenger series amounted to about 6,000 units before production ended at the South Bend, Indiana factory. Of those, about 2,500 were two-door sedans, about 3,000 were four-door sedans, and just about 750 were four-door station wagons.

Engine choices for the Challenger included an inline six-cylinder engine at 169.6 cubic inches and 112 hp, or a 259.2 cubic inch V-8 engine rated at 180 hp with a two-barrel carburetor or 195 hp with a four-barrel carburetor. Buyers could also opt for the normally aspirated 289 cubic inch V-8 engine rated at 210 hp with a two-barrel carburetor or 225 hp with a four-barrel carburetor.

Extremely rare were the Andy Granatelli-developed Paxton supercharged engines at 304.5 cubic inches at 335 hp, and the same engine normally aspirated with dual four-barrel carburetors at 280 hp. It is not recorded that any 1964 Studebaker Challenger left the factory with either of these engines, but they were separately available from the supplier after production ceased.

Transmission options included a standard three-speed column-shifted manual with an optional overdrive unit, or an optional Flightomatic automatic transmission. A special water-cooled heavy duty automatic was available as an option on Taxi and Heavy Duty cars only. V-8-powered cars could also order a floor-mounted four-speed manual transmission. All models could be ordered with “Twin-Traction” limited-slip differential and with front disc brakes.

The available option list for Studebakers in this era was long, and featured many creature comfort and luxury items including a compass, tissue dispenser, and several different radios. Exterior brightwork and power function options were also available.

Collectors should be primarily concerned with condition and with the engine and transmission present in any car. Obviously, V-8 cars are preferable, especially if one of the rarer 289 cubic inch engines is present. Four-speed floor-mounted shifting or a water-cooled, heavy duty automatic transmission are preferable to more basic options. All Challenger and Lark-derived models will be much more affordable than any of the 1,548 Gran Turismo Hawk or 809 Avanti models made for the 1964 model year.

Vehicle specifications

  • Wheelbase - Inches109,113 in
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Common Questions

The value of a 1964 Studebaker Challenger can vary greatly depending on its condition, mileage, options, and history. Typically, you can expect to pay around $11,200 USD for a 1964 Studebaker Challenger in good condition with average spec.

The highest selling price of a 1964 Studebaker Challenger at auction over the last three years was $60,512 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 1964 Studebaker Challenger at auction over the last three years was $8,708 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 41 1964 Studebaker Challengers sold at public auction.

The most recent auction sale of a 1964 Studebaker Challenger was $26,870 CAD on January 14, 2025 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, ©2025 The Hagerty Group, LLC. All Rights Reserved.

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