“… a bold styling statement.”
For 1988, Cadillac’s Eldorado gained a new 4.5 liter V8, along with a power dome hood, a revised grille, a reshaped rear window treatment, and an extended trunk. Length increased by three inches, and the 1988 Eldorado looked a little bit more like the Eldo people had grown to expect.
The Eldorado’s powertrain was Cadillac’s 155 bhp HT series 4.5 liter/273 ci V8 with throttle body fuel injection paired with a four-speed automatic transmission. Acceleration improved notably—the Eldorado’s 0-60 mph time was now under 10 seconds for the first time since the early 1970s. Fuel economy was 17 city/24 highway by the standards of the day (15/22 by today’s standards). With an 18.8-gallon fuel tank, an Eldorado owner could expect a range of between 315 and 345 miles with a 10% fuel reserve.
So, what did those buyers get with their $24,891 (about $52,600 in today’s dollars or about what a loaded 2019 ATS coupe goes for) 1988 Eldorado? Standard exterior and mechanical equipment included front wheel drive, a four-wheel independent suspension, power-assisted rack and pinion steering, power four-wheel disc brakes, and 205/70R14 tires (a size still readily available) on 14-inch aluminum wheels. Inside, six-way front power seats, a leather-trimmed steering wheel with tilt and telescope adjustment, cruise control, power side mirrors, power windows, power door locks, electronic climate control, Twilight Sentinel, and an AM/FM stereo radio with power antenna were all included—the Eldorado was pretty well equipped.
Moving up to the Biarritz (almost always the top if the line Eldorado since 1956) added wire wheels, two-tone paint, nicer front seats with power lumbar support and power recliners, and real walnut trim on the instrument panel, console, and door trim plates.
Options included anti-lock brakes, touring suspension with 15-inch aluminum alloy wheels, Astroroof, a nicely integrated cellular phone, and Delco/Bose Symphony Sound System.
The exterior redesign and the new engine definitely assisted sales—they were nearly double what they had been in 1987, though still not close to the salad days of 1985 and prior.
According to Hagerty’s valuation tools, all the money for a 1988 Eldorado in #1/Concours condition is $9,800, with a far more typical #3/Good car going for a mere $3,500. Eldorados of this age come up for sale often in Hemmings Motor News, so folks are saving them. As I write this in November 2018, three 1988 Eldorados are for sale, with prices ranging from $5,000 to $11,900.