“Imaginatively new. Decidedly Cadillac.”
Is it possible to miss the market more than this? For, 1986 Cadillac downsized the front wheel drive Eldorado coupe again. This time, wheelbase dropped to 108 inches, and overall length was down by over 16 inches to 188 inches—what was supposed the top of the non-limousine Cadillac line was now about the size of a 1986 Chevrolet Celebrity (or only about six inches longer than a 2014 ATS) and a full three feet shorter than the (admittedly massive) 1978 Eldorado.
Predictably, Eldorado buyers didn’t go for it. Sales collapsed from about 74,000 in 1985 to about 21,000 in 1986—definitely not what would be expected from a complete model revision.
So, what did those relatively few buyers get with their $24,251 (about $52,600 in today’s dollars) 1986 Eldorado? Standard exterior and mechanical equipment included power four-wheel disc brakes, power steering, and aluminum alloy wheels. Inside, front bucket seats, power mirrors, power windows, power door locks, a power trunk release, cruise control, electronic climate control, and an AM/FM stereo radio with power antenna were all included, so the Eldorado was at least pretty well equipped.
Moving up to the Biarritz (almost always the top if the line Eldorado since 1956) cost either $3,095 (with cloth seats) or $3,495 (with leather seats) raising the price to either $27,346 ($59,400 today) or $27,746 ($60,200 today). Standard equipment on the Biarritz included nicer seats with power lumbar support, two-tone paint, and real walnut accents.
Options included a power Astroroof ($1,255), a nicely integrated cellular phone ($2,850), the FE2 touring suspension with 15-inch aluminum alloy wheels and 215/60R15 Goodyear Eagle GT tires ($155), and the Delco-GM/Bose Symphony Sound System ($895).
The Eldorado’s engine was Cadillac’s 130 bhp HT-4100 throttle body fuel injected 4.1 liter/249 ci V8 paired with a four-speed automatic transmission. Fuel economy was 17 city/26 highway by the standards of the day (15/24 by today’s standards). Since the engine and transmission remained the same and the Eldorado was smaller and lighter, performance was better but still not very impressive: 0-60 improved to about 11 seconds.
According to Hagerty’s valuation tools, all the money for a 1986 Eldorado in #1/Concours condition is $10,400, with a far more typical #3/Good car going for a mere $3,900. Eldorados of this age come up for sale often in Hemmings Motor News, so folks are saving them. As I write this in June 2014, four 1986 Eldorados are for sale, with prices ranging from $7,750 to $11,995.