We knew it was a showstopper. Now it’s a record holder. A red 1988 Pontiac Fiero GT, the last of 370,168 Fieros to roll off the assembly line and still wearing its interior plastic wrap, sold for $90,000 at last month’s GAA Classic Cars Auction in Greensboro, North Carolina. That’s a new high for the model, shattering the old mark of $60,500 for a 1984 Fiero at Russo and Steele’s 2013 Monterey Auction.
Read the full article on Hagerty.com:
"Although early iterations of the 1984–88 Fiero received a lot of criticism, loyal enthusiasts lament the sports car’s passing, especially since the Fiero was finally meeting performance expectations when Pontiac pulled the plug."
Sadly, that seems pretty par for the course for GM sports cars that aren't a Corvette over the past 30+ years.
We bought a nice '88 with all the same options as this one 2 years ago and kept it a year. It was the one car my son and I both liked. I thought it was a pleasure to own and was surprised how much I like just looking at it in our garage. It's so well designed and unusual.
Fiero was hardly the first American mid-engine production car. At the dawn of auto making, placing the engine just ahead of the rear axle was standard practice. The first ever Ford and Cadillac were both mid-engine.
The car sold here was purchased by a Fiero friend of mine. He already owns several historic and GM Fiero prototypes. He also is the top historian for the model.
This price was the result of two active bidders. Nothing more. But the truth is the Fiero has finally being shown some love by collectors outside the zfieto hobby.
The top cars are 88 models first any V6 car and then pace cars. Some modified cars with rare parts from the 80’s can prove to be of great value too if in good condition. The Mera, the DGP bodied cars and other rare parts add to value. Also low miles.
The buyer here also held the record at $60k too. But that car was a Fiero that had a wide body DGP IMSA GTU body on it. It was used as a PPG Pace car in the Indy series. It also was one of the original 3 Indy Super Duty Pace cars for the Indy 500 and was used in the parade lap. A car with quite a history.
As it goes few cars from the 80’s are bringing big money outside a low mile original GN or Ford limited edition Cobra. Even great cars like the 3.8 Turbo Trans Am is just now showing signs of increased value.
The Fiero is now starting to be of more value than it was new and few 80’s. Cars can say that. The 4 cylinder and high mile cars will lag but others will draw collectors who want something special. It is turning out some Fiefos are getting more return than even many C4 models.
As for mid engine yes in the technical sense there were others but not as a sports car nor were they mass produced in numbers even close to the Fiero. The Fiero sold in six figures in the first two years alone.
I'm about to put up my 4 owner 1988 Fiero GT 5spd, with just over 50,000 original miles, that was Turbo charged back in 88 by Miller Woods, if your friend finds this historically interesting enough.
I think what hurt the Fiero in the final form was that GM didn't bother to give it a distinctive look. The red one in the picture could easily be a "C4Camarobird".