“Yes to wind. Yes to sunshine.”
For 1986, the big news for Corvette was the return of the convertible, gone since 1975. Other improvements included Bosch ABS II anti-lock brakes, a Vehicle Anti-Theft System (VATS), and the mid-year introduction of aluminum cylinder heads.
The standard powertrain was the L98 235 bhp 5.7 liter/350 ci V8 with fuel injection paired with a Turbo-Hydramatic four-speed automatic transmission. Car and Driver recorded 0-60 time of 6.0 seconds and a top speed of 144 mph. Estimated fuel economy was 17 city/24 highway by the standards of the day (15/22 by today’s standards). With a 20-gallon fuel tank, a Corvette convertible’s proud new owner could expect a range of between 335 and 370 miles with a 10% fuel reserve.
Built in collaboration with ASC, the convertible included a manual top, a rear-hinged deck panel to cover the top, and an X-brace underneath the floor. The newly-required high-mounted rear brake light was integrated into the rear fascia. Even the gas filler cover was different from the coupe—square because there was no rounded rear hatchback glass for it to wrap around.
Standard exterior and mechanical equipment for the $32,032 Corvette convertible (about $76,700 in today’s dollars or about what a well-equipped 2019 Corvette Stingray convertible goes for) included a Delco Freedom Plus II battery, power operated quartz-halogen retractable headlamps, power rack-and-pinion steering, power brakes, and P255/50VR-16 tires on 16 x 9.5 inch cast alloy aluminum wheels. Inside, air conditioning, power windows, Tilt-Telescopic steering wheel, driver information system, cloth seats, and an AM/FM stereo radio with power antenna were all included.
Optional exterior and mechanical equipment included a performance axle ratio ($22) and Delco-Bilstein shock absorbers ($189)—the Doug Nash 4+3 manual transmission was a no-cost option. Optional interior equipment included cruise control ($185), a power door lock system ($175), electronic control air conditioning ($150), a six-way power driver’s seat ($225), and the Delco-GM/Bose Music System ($895). The Z51 Performance Handling Package was not available with the convertible.
The return of the Corvette convertible was well-received—Chevrolet sold 7,315 in about half a model, even at $5,000 more than the coupe. Reviews were also good; Car and Driver stated that the convertible was “a mighty hospitable carriage.”
There is strong club support for the 1986 Corvette, as there is for all Corvettes. According to Hagerty’s valuation tools, all the money for a 1986 Corvette convertible in #1/Concours condition is $20,200, with a more normal number #3/Good condition car going for $7,700. 1986 Corvette convertibles are regularly featured in the Hemming’s Motor News classifieds and on eBay Motors—as I write this in December 2018, there’s a Yellow car with black leather seats and 29,000 miles available on Hemmings for $17,900.
Make mine White, with red leather seats—the “heritage colors” that match the first Corvette back in 1953.