1986 Classic Cars for Sale

47 listings Median price: $19,995 Updated daily

Buick Grand National hits 235 horsepower, Mustang GT goes fuel injected, and the Corvette drops the solid rear axle for good

1986 is a watershed year for two reasons. First, Ford finally gave the Mustang GT sequential multi-port fuel injection. The 5.0 H.O. jumped to 200 horsepower in rated output, the numbers actually meant something now, and throttle response became what it should have been years earlier. The Fox body era hit its peak form. Second, the Buick Grand National became undeniably fast. 235 horsepower from a turbocharged V6 in a mid-size American car was a genuine shock.

The Corvette story for 1986 was the convertible returning after an 11-year absence. The last Corvette ragtop had been a 1975 model. Now it was back, properly engineered this time, with standard ABS brakes on all 1986 Corvettes, a genuine industry first for an American production car. The C4 convertible base price was around $32,032 and production was limited to roughly 7,264 units. Those numbers matter today.

If you are building a collection around the 1980s performance revival, 1986 is where to focus. The Grand National at full power, the fuel-injected Mustang GT in convertible form, and the Corvette convertible back from the dead. Any one of these is a legitimate statement piece. All three together tell the story of American performance finding its way back from a very dark decade.

Notable 1986s: Buick Grand National Coupe Ford Mustang GT 5.0 Convertible Ford Mustang GT 5.0 Hatchback Chevrolet Corvette C4 Convertible Chevrolet Camaro IROC-Z Pontiac Firebird Trans Am Dodge Shelby Charger GLHS
1986 in automotive history
  • Ford converted the Mustang GT 5.0 H.O. to sequential multi-port fuel injection for 1986, with a factory rating of 200 horsepower, ending the carburetor era in the Mustang GT line and improving both cold-start behavior and throttle response.
  • Chevrolet brought back the Corvette convertible for the first time since 1975, producing an estimated 7,264 units for the 1986 model year at a base price of $32,032, and fitted all 1986 Corvettes with Bosch ABS as the first American production car with standard anti-lock brakes.
  • Buick increased Grand National output to 235 horsepower and 330 lb-ft of torque from the turbocharged 3.8-liter V6, with independent testing placing 0-60 times in the low 6-second range, faster than any production Corvette of the same year.

Market: 1986 Grand Nationals have climbed past $35,000 for clean drivers and well above $55,000 for low-mileage originals with documentation. The Corvette convertible trades between $18,000 and $42,000 depending on mileage and top condition. The fuel-injected Mustang GT convertible in original, unmodified shape commands a premium of roughly 20 to 30 percent over comparable hatchbacks.

Buyer's note: On 1986 Grand Nationals, demand the original window sticker or at minimum a PHS documentation report confirming the VIN-correct turbocharged drivetrain, because the cars are frequently cloned from lesser Regal models.