Corvette Of The Day: 1955 Chevrolet Corvette

C1 CORVETTE - 1955

The 1955 Corvette

The year the V-8 saved the Corvette: 700 cars, 693 of them with Ed Cole’s new 265-ci small block, Zora Arkus-Duntov on the payroll, and the first manual gearbox.

1955 Corvette C1 265 ci V8 engineWhere it all started, the 365 cubic inch V8 nestled in the front of the Corvette C1 in 1955.
Zora Arkus-Duntov, "The Legend Behind Corvette." (Photo courtesy of GM Media.)Zora Arkus-Duntov, "The Legend Behind Corvette." (Photo courtesy of GM Media.)
©2012 Courtesy of RM Auctions
The 1954 Lift-Off Hardtop Corvette Concept (Photo Courtesy of GM Media).
The 1954 Chevrolet "Corvair" (also known as the Corvette Fastback Concept).The 1954 Chevrolet "Corvair" (also known as the Corvette Fastback Concept).
The exaggerated gold "V" in the Chevrolet Logo

Only seven of the 700 1955 Corvettes were built with the Blue Flame six; the other 693 carried the new 265 V-8, which cost $135 extra and was the first V-8 ever fitted to a Corvette. Six-cylinder cars are also the only 1955s whose VIN does not start with a V.

DID YOU KNOW

Special & Limited Edition Models

1955 was a busy year for show cars and prototypes built around the Corvette: the EX-87 test mule, the Biscayne concept and the LaSalle II roadster among them.

The car that birthed the Duntov cam. A 1954 test mule tagged EX87 got a plexiglass windscreen, a tail fin and a 307 ci V8, then ran 163 mph at GM's Arizona proving ground.
Ordered crushed in 1958, the Biscayne XP-37 lay in pieces at a Sterling Heights junkyard for 25 years until Joe Bortz dug it out. Its rear bumper design ran on Corvettes through 1967.
A Swedish prince skipped Europe's sports cars and ordered a Corvette straight from GM's president. GM Styling answered with a one-off wearing a flat black grille screen, a big V emblem and a deck-lid fuel filler.
A Cadillac dream car with Corvette bones. The LaSalle II Roadster paired open rear wheels and brake drums cast into the wheels with a dummy V6, then survived its death sentence in a Michigan salvage yard.

Pictures, Videos, Wallpapers & Galleries

Five factory colors in a single year of 700 cars: Polo White (325), Gypsy Red (180), Harvest Gold (120), Pennant Blue (45) and Corvette Copper (15). Harvest Gold cars came with green trim and a dark green top.

Everything We've Published On The 1955 Corvette

Get all the latest news stories, upcoming auctions, prices, videos and more about the 1955 Chevrolet Corvette! The latest headlines here.

FAQs

How many 1955 Corvettes were built?

Chevrolet built 700 Corvettes for the 1955 model year, all convertibles, at St. Louis, Missouri. Only 674 were sold during the model year. It remains the second-lowest production year in Corvette history after the 300 cars of 1953, and the poor sales nearly ended the model before the 1956 redesign.

How much is a 1955 Corvette worth today?

A 1955 Corvette is generally a $70,000 to $130,000 car for an original or well-restored V-8 example, based on 2026 auction results, with exceptional low-mileage cars selling for considerably more ($247,500 at Barrett-Jackson in April 2026) and modified cars for around $50,000. Numbers-matching V-8 cars, the roughly 75 three-speed manuals and the seven six-cylinder cars each command a premium when documented.

What engine and transmission did the 1955 Corvette have?

The 1955 Corvette introduced the 265-cubic-inch small-block V-8, rated at 195 horsepower at 5,000 rpm, as a $135 option that 693 of the 700 buyers chose; seven cars kept the 155-hp Blue Flame six. Most cars had the two-speed Powerglide automatic, but about 75 built late in the year received a three-speed manual, the first manual transmission in a Corvette.

What colors did the 1955 Corvette come in?

Five: Polo White (325 cars), Gypsy Red (180), Harvest Gold (120), Pennant Blue (45) and Corvette Copper (15). Pennant Blue was dropped early in the year for Harvest Gold, and Gypsy Red replaced the 1954 Sportsman Red. The totals add up to 685, so about 15 cars are not accounted for by color in the factory records.

How much did the 1955 Corvette cost when new?

The advertised base price was $2,774 for the six-cylinder car and $2,909 with the V-8, before the Powerglide ($178.35), heater ($91.40), radio ($145.15) and other “options” that were fitted to every car. The Ford Thunderbird, which sold 16,155 cars that year to the Corvette’s 674, listed at $2,994 with a V-8 as standard.

How do you tell a 1955 Corvette from a 1954?

Look at the front fenders: 1955 V-8 cars carry an oversized gold “V” in the Chevrolet script. The VIN also begins with a V on V-8 cars, the electrical system is 12-volt, the tires are tubeless, and the colors Harvest Gold, Gypsy Red and Corvette Copper exist only for 1955. Otherwise the body is the same as 1953–54, which is why the 1955 is often called the last of the first-design cars.

Why did the 1955 Corvette matter if it sold so poorly?

Because it is the car that turned the Corvette from a show car with a truck engine into a sports car. The 265 V-8 became the basis of every Corvette engine for decades, the three-speed manual started the line of performance gearboxes, and 1955 is the year Zora Arkus-Duntov began engineering the chassis. Ford’s Thunderbird success convinced GM to keep the Corvette and fund the 1956 redesign rather than cancel it.