1986 COrvette

C4 CORVETTE - 1986

The 1986 Corvette

The convertible came back after eleven years, reinforced by ASC until it was stiffer than the coupe. Bosch anti-lock brakes and the VATS resistor key became standard, the L98 got aluminum heads and 235 hp mid-year, and fifty Silver Beige-over-Black coupes went to one New Jersey dealer. 35,109 cars.

1986 Corvette ConvertibleThe 1986 Corvette Convertible. (Image Courtesy of GM Media)
1986 Corvette - Indianapolis 500The 1986 Corvette (yellow) and the 1978 Corvette (black) were the first two Corvettes ever to serve as a pace car at the Indianapolis 500.
The Malcolm Konner Special Edition CorvetteThe Malcolm Konner Special Edition Corvette
L98 engineThe 1986 L98 Engine produced 235HP after the introduction of aluminum heads.
1986 Corvette Interior1986 Corvette Interior (Note the dash cluster instrument display in the center of the dashboard.)
Corvette Of The Day: 1986 “Copper Metallic” Corvette

The 1986 Indianapolis 500 pace car was driven by General Chuck Yeager, the first man to break the sound barrier, and it was a stock yellow 235-hp convertible with strobe lights, harnesses and a fire system added; Chevrolet then declared every 1986 Corvette convertible, in any color, an official Pace Car replica, so the 7,315 convertibles are all “Pace Cars” and none of them is rare for it. Rare is Copper Metallic (code 66): four cars out of 35,109.

DID YOU KNOW

Special & Limited Edition Models

The year’s specials are the Indy 500 Pace Car convertible (every 1986 convertible is one), the fifty Malcolm Konner Commemorative Edition coupes in Silver Beige over Black, the Corvette Indy mid-engine show car unveiled at Detroit in January 1986, the four Copper Metallic cars and Dick Guldstrand’s GS80 conversions.

Stung by the 1978 pace car backlash, Chevrolet made every reintroduced 1986 convertible a pace car replica with nothing more than a decal kit. Colors, VIN ranges and graphics options are all here.
Chuck Jordan saw the mid-engine Indy as a rolling showcase for satellite navigation, CRT gauges, Lotus active suspension and carbon construction. Its Lotus-tuned V8 program fed directly into the 1990 ZR-1.
Aimed at autocross and Pro-Solo drivers, the GS80 turned Guldstrand from tuner into small-volume manufacturer. The guide breaks down the suspension package, the three TRACO engine stages and the removable roll bar.
An engineless C4 shipped to Hawtal-Whiting to package the LT5 should have been crushed. Instead it ended up on an Essex farm, was sold, regretted for 14 years and finally reclaimed, prototype stickers intact.
A Corvette in name only, the GTP paired a Lola T710 chassis with a turbocharged Chevy V6 that eventually topped 1,100 hp. Seven were built, and the first still survives in England.

Pictures, Videos, Wallpapers & Galleries

Twelve solid colors and four two-tones plus the Konner cars: Bright Red (9,466), Black (5,464), Dark Red (5,002), White (4,176), Medium Gray (1,603), Yellow (1,464, the Pace Car color), Silver Beige (1,383), Silver (1,209), Gold (777), Medium Brown (488), Medium Blue (128) and Copper (4); two-tones Gray/Black (1,138), Silver/Gray (1,049), Silver Beige/Brown (1,014) and White/Silver (693), coupe only, and fifty Silver Beige/Black Konner coupes. Convertible tops in black (3,685), white (2,682) and saddle (948); interiors in Graphite, Medium Gray, Blue, Red, Saddle and Bronze.

Everything We've Published On The 1986 Corvette

Get all the latest news stories, upcoming auctions, prices, videos and more about the 1986 Chevrolet Corvette! The latest headlines here.

FAQs

How many 1986 Corvettes were built?

Chevrolet built 35,109 Corvettes for 1986 at Bowling Green, Kentucky: 27,794 hatchback coupes and 7,315 convertibles, the first Corvette convertibles since 1975. It was the second year of falling production after the 1984 record. Of the cars, 34,215 had power locks, 34,197 cruise control, 33,983 the power seat, 32,478 the Delco-Bose stereo, 13,372 the leather sport seats, 12,821 coupes the Z51 package, 6,835 the Doug Nash 4+3 manual, 3,897 two-tone paint and 50 the Malcolm Konner Commemorative Edition paint; only four were Copper Metallic.

How much is a 1986 Corvette worth today?

Between October 2025 and October 2026, 1986 coupes sold at auction for $4,500 to $22,500, with a 22-mile 4+3 coupe making $44,000 at Mecum Kissimmee, and convertibles (every one a Pace Car replica) for $6,600 to $26,400, the top figure for a 919-mile car. Most ordinary cars changed hands between $7,000 and $14,000. Dealers were asking $6,900 to $24,995 for coupes and $10,995 to $21,500 for convertibles in autumn 2026, with a 40-mile Pace Car offered at $49,900. The 1986 sits a little above the 1985 and below the 1987–89 cars.

What engine did the 1986 Corvette have?

The L98 350 with Tuned-Port Injection, in two versions. Early coupes kept the 1985 cast-iron heads and 230 hp; during the year Chevrolet introduced aluminum heads with central spark plugs, bigger ports and 9.5:1 compression, rated at 235 hp at 4,000 rpm and 330 lb-ft at 3,200, and every convertible and the later coupes have them. It came with the 700-R4 automatic or the no-cost Doug Nash 4+3 manual (6,835 cars). Road & Track ran 0–60 in 5.8 seconds and the quarter mile in 14.4 at 96 mph, and the car would reach about 150 mph.

What colors did the 1986 Corvette come in?

Twelve solid colors and, on coupes, four two-tones plus the Konner edition. Bright Red (9,466) led again, followed by Black (5,464), Dark Red (5,002), White (4,176), Medium Gray (1,603), Yellow (1,464, the Indy Pace Car color), Silver Beige (1,383), Silver (1,209), Gold (777), Medium Brown (488), Medium Blue (128) and Copper Metallic, on just four cars. The two-tones were Gray/Black (1,138), Silver/Gray (1,049), Silver Beige/Brown (1,014) and White/Silver (693), and fifty Malcolm Konner coupes were Silver Beige over Black. Convertible tops came in black (3,685), white (2,682) and saddle (948); interiors in Graphite, Medium Gray, Blue, Red, Saddle and Bronze.

How much did the 1986 Corvette cost when new?

The coupe was $27,027.00 and the convertible $32,032.00, exactly $5,005 more and the first Corvette past $30,000. Leather sport seats were $1,025.00, base leather $400.00, the Z51 handling package (coupe only) $470.00, the Delco-Bose stereo $895.00, a tinted glass roof panel $595.00 or both panels $895.00, the power seat $225.00, cruise control $185.00, power locks $175.00, two-tone paint $428.00 and the Konner paint $500.00; the 4+3 manual was free. A well-equipped coupe came to about $30,300 and a convertible about $34,500.

Is every 1986 Corvette convertible a Pace Car?

Yes. A stock yellow 1986 convertible, driven by Chuck Yeager, paced the Indianapolis 500 on May 31, 1986, and Chevrolet declared every 1986 convertible an official Pace Car replica regardless of color. There was no Pace Car package or price; dealers supplied door decals that owners could apply or not. So a “Pace Car Edition” in a listing is any of the 7,315 convertibles, worth no more for the decals; the premium goes to low mileage, originality, the yellow (code 35) pace-car color and the 4+3 manual.

What changed on the 1986 Corvette?

The convertible returned after eleven years, engineered with ASC and stiffer than the coupe, at $32,032. Bosch anti-lock brakes and the VATS resistor-key anti-theft system became standard on every car, the L98 gained aluminum heads and 235 hp during the year, caster rose to six degrees, the standard tire narrowed to P245/50VR16, a third catalytic converter and an upshift light were added, the digital gauges were re-angled, the wheels got brushed centers with raised emblems, the high-mounted stop lamp appeared above the coupe’s hatch and in the convertible’s rear fascia, and fifty Silver Beige-over-Black Malcolm Konner coupes were built for one New Jersey dealer.