1983 Classic Cars for Sale

41 listings Median price: $24,495 Updated daily

Mustang GT drops the carburetor, Camaro Z28 finds its footing, and the Fox body era hits its stride

1983 was a year of refinement, not revolution. The Mustang GT got a Holley four-barrel carburetor upgrade that pushed the 5.0 H.O. to 175 horsepower, a real improvement over the previous year. Ford was listening to buyers. The GT trim was getting sharper, and the Mustang was starting to pull away from the Camaro in terms of street credibility and sales momentum.

Chevrolet's Camaro Z28 was still running the Crossfire Injection system and producing 175 horsepower from the 5.0-liter V8. The car looked great and handled well, but the engine was a bottleneck. GM engineers knew it. The fix was coming, but not yet. Meanwhile the base Camaro Sport Coupe was selling in large numbers to buyers who just wanted a sharp-looking two-door at a fair price.

The collectible story in 1983 is mostly Fox body Mustang GTs and Camaro Z28s, with a side order of Monte Carlo SS for the NASCAR-connected crowd. The Monte Carlo SS was built to homologate for NASCAR stock car racing and wore a fiberglass nose that made it look aggressive. Production was limited in the first year. That matters when you are talking about values today.

Notable 1983s: Ford Mustang GT 5.0 Hatchback Ford Mustang GT 5.0 Convertible Chevrolet Camaro Z28 Chevrolet Monte Carlo SS Pontiac Firebird Trans Am Ford Thunderbird Heritage Edition Buick Riviera Convertible
1983 in automotive history
  • Ford upgraded the Mustang GT 5.0 H.O. to a Holley 600-cfm four-barrel carburetor for 1983, bringing output to 175 horsepower and improving throttle response noticeably over the 1982 Autolite unit.
  • Chevrolet introduced the Monte Carlo SS specifically to qualify the body style for NASCAR competition, producing an estimated 4,714 units in the first model year with a fiberglass aero nose and 305 cubic-inch V8.
  • Buick revived the Riviera as a convertible for 1983, the first American luxury convertible in years, with production of roughly 1,750 units and a base price of around $26,900.

Market: 1983 Mustang GT fastbacks in solid condition trade roughly between $14,000 and $25,000, with convertibles commanding a premium of several thousand dollars. The Monte Carlo SS has climbed steadily and clean examples now fetch $18,000 to $35,000, especially the original T-tops.

Buyer's note: On 1983 Monte Carlo SS cars, confirm the fiberglass nose cap is original and uncracked, because replacements are available but originality matters to judges and serious collectors.