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1978 Chevrolet Corvette

$26,997

1978 Chevrolet Corvette

Vehicle Details

Make

Chevrolet

Model

Corvette

Year

1978

Mileage

40,216 miles

VIN

1Z87L8S409354

Body Type

Coupe

Transmission

Manual

Engine

350ci V8

Description

1978 Chevrolet Corvette — Two-Tone Silver/Charcoal, 4-Speed Manual, Red Leather Interior Why This Car Is Special The 1978 Chevrolet Corvette holds a specific and well-documented place in C3 history. This was the 25th anniversary year for the Corvette nameplate, and Chevrolet marked it with a significant redesign of the rear end — most notably the introduction of the large wraparound fastback rear window that replaced the previous flying buttress design. That change alone transformed the look of the car and dramatically improved rear visibility.

The 1978 model also debuted a redesigned instrument panel and a larger interior storage area behind the seats. Chevrolet sold 46,776 Corvettes in 1978, the highest single-year total up to that point in the car's history, which tells you something about how well the public responded to what the factory did that year. This particular 1978 Chevrolet Corvette is a well-equipped example wearing a two-tone Silver and Charcoal exterior — a color combination that was very much in step with the late-1970s design aesthetic and is period-correct for the C3 generation.

The interior is finished in red leather, which makes for a high-contrast combination with the silver-over-charcoal body. It's a car that looks like it came out of the factory with intent rather than as a default spec. The VIN confirms this is a Corvette coupe (body style code 87) built in 1978 (model year code 8) at the St.

Louis assembly plant (plant code S), which was the sole Corvette production facility until Bowling Green, Kentucky took over in 1981. The four-speed manual transmission is a key detail here. By 1978, many Corvette buyers were opting for the three-speed automatic, and the manual car represents a more driver-focused configuration.

The combination of the 350ci V8, the four-speed, and the Corvette's independent rear suspension makes this a car that rewards someone who actually wants to drive it rather than just look at it. Features List - 350ci 5.7L V8 engine - 4-Speed Manual transmission - T-Top removable roof panels - Wraparound fastback rear window (introduced for 1978) - Two-Tone Silver and Charcoal exterior - Red leather bucket seats - Center console with 4-speed shifter - Power steering - Power brakes with 4-wheel disc brakes - Air conditioning - Power windows - Tachometer - Full auxiliary gauge package (temperature, fuel, oil pressure, voltmeter, clock) - AM/FM Stereo with 8-Track player - Aluminum wheels - Raised white letter tires - Dual exhaust - Independent rear suspension Mechanical Under the hood sits the 350 cubic inch (5.7 liter) V8, which was the standard engine for the 1978 Corvette. The L48 version of this engine, which was the base offering that year, was rated at 185 horsepower — a figure that reflected the compression and emissions constraints of the era rather than the engine's fundamental character.

The 350 small block is one of the most proven V8 architectures in automotive history, known for its durability, parts availability, and straightforward maintenance. Paired with the 4-speed manual transmission, this drivetrain delivers a connected driving experience that an automatic simply cannot replicate. The underside photos show the car's frame and structure in honest, unrestored condition — surface oxidation on the exhaust system and related components is present, as you would expect on a vehicle of this age.

The independent rear suspension, which Corvette has used since 1963, is visible and intact. This multi-link setup with a transverse leaf spring and half-shafts that double as upper lateral links was genuinely advanced for its time and gave the Corvette a significant handling advantage over most American performance cars of the 1970s. Four-wheel disc brakes were standard equipment on 1978 Corvettes, which was not common across the American automotive landscape at the time.

The exhaust exits through a dual system, which is correct for the 350 V8. The body, being fiberglass, shows no

Classic Chevrolet Corvette Buyer's Guide

Full guide
M
Mike Sullivan
Muscle Cars
1953–1982
~6 min read
Updated Apr 2026
Complete buyer's guide for classic Chevrolet Corvette C1, C2 and C3 (1953-1982). Birdcage rust, frame inspection, engine code identification, and current market pricing for split-windows, L88s and LT-1s.
This guide covers
✓ 10-point inspection checklist
✓ Common issues & what to avoid
✓ In-person inspection guide
✓ Market pricing by year & condition
✓ 5 FAQs answered
✓ History & fun facts

Chevrolet Corvette Market Overview

Based on 461 Chevrolet Corvette listings currently on ClassicCarsArena.com

461
Listed Now
$40,066
Avg. Asking Price
1931–1999
Year Range
Price Position on Our Site - Average Range
This car: $26,997
Low: $4,000 High: $299,995
Transmission Distribution
Automatic 50%
Manual 34% ◄
Condition Distribution
Excellent 15%
Good 15%
Fair 4%
Poor 1%
Data from ClassicCarsArena.com listings Browse all 461 listings →
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Classic Chevrolet Corvette Buyer's Guide

The Chevrolet Corvette has been America's sports car for over seventy years, but the classic Corvette market splits into three distinct generations, each with its own buyer profile and its own pitfalls. The C1 (1953-1962), C2 mid-year (1963-1967), and C3 shark (1968-1982) cover three decades of evolution from solid-axle straight-six convertibles to small-block legends to LT-1-powered chrome-bumper cars. Knowing which Corvette is yours, and what it actually is versus what the seller claims, is the difference between a sound investment and an expensive lesson.

What to Check Before Buying

✓
Verify dashboard VIN against trim tag and engine partial VIN , All three must agree. Engine partial VIN is on driver-side block deck near cylinder head.
✓
Demand original tank sticker for any car over $60K , Glued inside top of gas tank. Lists all original options. Gold standard for premium Corvette verification.
✓
Order NCRS Shipping Data Report ($50) , Available from National Corvette Restorers Society. Confirms original equipment from GM records.
✓
Inspect birdcage at door frames and cowl , Pull door panels, lift carpet at windshield base. Perforation = $8,000-$25,000 structural repair.
✓
Probe frame at kick-up and rear cross-member , Solid steel resists; rotten metal flakes. Frame replacement is $15,000-$30,000 if needed.
✓
Examine fiberglass under raking light , Stress cracks at body mounts, headlight buckets, rear panel. Deep cracks = impact damage or chassis flex.
✓
Check T-top seals and headliner (C3) , Water staining indicates failed seals. Leaks rot birdcage from inside.
✓
Verify Big Block valvetrain on cold start , Solid-lifter L72/L78/L88/ZL1 should tick and subside with oil pressure. Continuous noise = valve adjustment or worn lifters.
✓
Compression test all eight cylinders , Should read 145-185 PSI uniformly across the bank. Variance >15% = head gasket or ring problem.
✓
Test all electrical and pop-up headlights (C3) , Vacuum-actuated headlights commonly fail. Hidden leaks in vacuum lines drop the lights at speed.

Common Issues

Corvette "birdcage" rust is the structural killer for C2 and C3 cars. The birdcage is the steel inner structure that supports the fiberglass body, windshield frame, A-pillars, doglegs, and roof. When the birdcage rots, the body flexes, glass cracks, and door alignment goes off. Birdcage repair on a C2 or C3 is $8,000-$25,000 depending on extent. Frame rust on C1 (boxed steel) and C3 (X-frame) Corvettes is the second major concern. The kickup behind the front wheels, the rear suspension mounting points, and the rear cross-member all rot in salt-belt cars. Probe the frame with a screwdriver, solid steel resists, rotten metal flakes. Mechanical issues vary by generation. C1s commonly have weak Powerglide automatics and tired solid-lifter 283 fuelies. C2s have strong drivetrains but the leaf-spring rear suspension wears bushings and the differential carriers crack. C3s suffer from sloppy T-tops that leak, failing radiators, and worn front coil springs that sag the front end. The L88 cars (1967-1969) had aluminum heads that crack from heat cycling, a deal-breaker if not previously addressed.

What to Look For

VIN authentication is the first stop. The C1 and C2 cars used the dashboard VIN plate; the C3 added the windshield-pillar VIN starting in 1968. Cross-reference the VIN against the trim tag (riveted to the body brace under the glovebox or on the firewall depending on year) and against the engine block partial VIN. Big Block cars (1965+ 396, 1966+ 427, 1970+ 454) and Z06/L88/ZL1 specials must have all numbers matching to claim premium prices. For C2 and C3 cars, inspect the birdcage. Pull the door panels and look at the inner door structure. Lift the carpet at the windshield base and look at the inner cowl. Pull the headliner if practical and look at the roof structure on coupes. Surface rust is acceptable; perforation is structural and expensive to repair. For any high-dollar Corvette claim (L71 427/435, L88, ZL1, Z06, LT-1) demand the original tank sticker (the build sheet that was glued to the inside top of the gas tank). Tank stickers are the gold standard for verification. Cross-reference the tank sticker codes against the VIN and the engine block partial VIN. Fiberglass condition is uniquely Corvette. Look for stress cracks at the body mount points, around the headlight buckets, and at the rear panel where the bumpers attach. Surface gel-coat cracks are cosmetic; deeper structural cracks indicate impact damage or chassis flex.

Price Guide

C1 (1953-1962) Corvettes range from $45,000 for solid 1958-1962 driver-quality 283 V8 cars up to $300,000+ for documented 1957-1962 fuelie cars in concours condition. The 1953 launch year (only 300 built) is a special case, documented original 1953s sell for $200,000-$400,000. C2 (1963-1967) is the most coveted Corvette generation. The 1963 split-window coupe is the icon, $95,000-$200,000 for drivers and survivors, $300,000+ for documented L84 fuelie cars. 1965-1967 396/427 Big Blocks are $85,000-$180,000 for drivers, with documented L71 Tri-Power cars at $140,000-$280,000. The 1967 L88 is the holy grail, only 20 were built, and documented examples bring $2.5M-$5M at auction. C3 (1968-1982) is the bargain entry to Corvette ownership. Driver-quality 1968-1972 small-blocks run $22,000-$42,000. The 1970-1972 LT-1 (small-block, solid-lifter, 350-360 hp) is the underrated gem at $45,000-$85,000 for documented numbers-matching cars. 1973-1977 cars are the bargain era at $15,000-$28,000. 1978 silver anniversary and 1982 Collector Edition cars trade for $22,000-$35,000.

Did You Know?

The Corvette name was suggested by GM PR director Myron Scott, named after the small, fast warship class. GM trademarked "Corvette" in May 1953, just one month before the car's June launch. The 1963 split-window coupe was a Bill Mitchell design that survived for only one model year. Zora Arkus-Duntov, the Corvette's chief engineer, hated the split window because it killed rearward visibility, and he successfully lobbied to remove it for the 1964 model year. The one-year-only design is now the most iconic Corvette body style ever produced. Only 20 L88 Corvettes were built for 1967, and Chevrolet deliberately under-rated the engine at 430 horsepower to keep insurance companies off the buyer's back. The L88 actually produced approximately 540 horsepower in road-going trim and was conceived purely as a homologation special for road racing: Chevrolet refused to install a heater, radio, or AM/FM in any L88, telling buyers to special-order them at the dealer if they actually wanted comfort features.

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