1958 Corvette Convertible (Image courtesy of Barrett-Jackson.com)

C1 CORVETTE - 1958

The 1958 Corvette

Quad headlights, fake hood louvers, chrome trunk spears and the first Corvette over 3,000 pounds, with the same 283 underneath in five states of tune: 9,168 built, and the first year the Corvette made General Motors money.

Rear 1958 CorvetteThe rear chrome "suspenders" are a key identifier of the 1958 Corvette.
Image Credit: ​​​GM Archives
This would have been the end of the Corvette. Image Credit: ​​​GM Archives
1958 Corvette Sales Brochures

The 1958 is the only Corvette with the fake hood louvers and the twin chrome spears on the trunk lid: both were deleted for 1959 after a year of complaints. It was also the first Corvette to turn a profit for General Motors, and the first to top 3,000 pounds.

DID YOU KNOW

Special & Limited Edition Models

1958 brought the XP-700, Bill Mitchell’s personal styling exercise that previewed the 1961 rear end, along with the dealer-built race cars the AMA ban could not quite stop.

Corvette XP700 Concept
Designed and built under the personal supervision of Bill Mitchell, the wild-looking XP-700 used many regular Corvette components (frame, chassis parts and engine). Bill Mitchell had a lot of “customs” built for himself. This XP-700 previewed the new tail of the upcoming 1961 Corvette.

FAQs

How many 1958 Corvettes were built?

Chevrolet built 9,168 Corvettes for 1958, all convertibles, at St. Louis, Missouri, up from 6,339 the year before. Of those, 1,511 had fuel injection, 3,764 had the four-speed, 5,607 had the removable hardtop and 144 had the RPO 684 heavy-duty brake and suspension package. It was the first model year in which the Corvette turned a profit.

How much is a 1958 Corvette worth today?

In 2026, original or well-restored carbureted 1958 Corvettes have mostly sold for $65,000 to $90,000 at auction, with fuel-injected cars from about $110,000 and the best 290-hp fuelies bid to $170,000 to $200,000. Restomods range from $46,000 to over $140,000 depending on the build, and projects start around $30,000. The engine, its paperwork and the four-speed decide the price.

What engine and transmission did the 1958 Corvette have?

The 283-cubic-inch small-block V-8 in five versions: 230 hp with a single four-barrel, 245 or 270 hp with dual four-barrels, and 250 or 290 hp with Rochester Ramjet fuel injection. A three-speed manual was standard; the Borg-Warner four-speed ($215.20) went into 3,764 cars and the two-speed Powerglide ($188.30) into 2,057.

What colors did the 1958 Corvette come in?

Eight: Snowcrest White (2,477 cars), Silver Blue (2,006), Charcoal (1,631), Signet Red (1,399), Regal Turquoise (510), Tuxedo Black (493), Panama Yellow (455) and Inca Silver (193). Tuxedo Black replaced Charcoal partway through the year. For $16.15, 3,422 buyers had the coves painted silver or white.

How much did the 1958 Corvette cost when new?

The base price was $3,591 with the 230-hp engine and three-speed manual. Fuel injection added $484.20, the four-speed $215.20, the hardtop $215.20, the dual-quad engines $150.65 or $182.95 and Positraction $48.45. A 290-hp fuelie with the four-speed, Positraction and the RPO 684 package cost around $5,100.

How do you tell a 1958 Corvette from a 1959?

The 1958 has eighteen simulated louvers on the hood and two chrome spears running down the trunk lid; both were deleted for 1959, which is otherwise the same body. The 1958 also has a wider chrome band on the headlight bezels and chrome strips along the tops of the front fenders. Inside, 1959 moved to a concave instrument panel and added a shelf under the passenger grab bar.

Why was the 1958 Corvette so much heavier and longer than the 1957?

The 1958 facelift added quad headlights, bigger bumpers front and rear, the hood louvers, trunk spears and fender strips, and it widened the body by two inches and lengthened it by nine, to 177.2 inches. The result was the first Corvette over 3,000 pounds, about 200 pounds more than 1957. The extra mass made the rear axle wind up under hard acceleration, which Chevrolet fixed with trailing radius rods the following year.