NEW! Award 84: 1972 Chevrolet Vega LS3 Restomod – Sold?

by | Oct 2021 | Classifinds, Malaise Monday

November 14, 2021 Update – We just confirmed the listing for this “Classifind” expired, so with no replacement found we’re assuming this ride “Sold?” While this one got away, please reach out either by email or call us directly if you’d like to be informed when we come across something similar.

The restomod phenomenon is a slippery slope.  While modernizing vintage Tri-Five Chevys or C2 Corvettes may capture the hearts of deep-pocketed Baby Boomers, the debate is out on whether that will translate to Malaise-Era iron.  A primary example is this L3-powered, 1972 Chevrolet Vega Hatchback originally listed in October 2021 on Craigslist in Oklahoma City, Oklahoma.  This appears to be a very high-quality build reported to cost over $115K to build. The seller (and we believe the builder) is now offering this 1972 Chevrolet Vega restomod for $79,900. No, not $7,990; eighty large for a Vega.

Let that sink in for a moment. $80,000 for a Vega. Albeit, this is a very nice, high-quality piece that likely drives very nice with modern conveniences that emits a great “sleeper” vibe. While six figures are the going rate for high-quality earlier Chevrolet-based restomods, we’ll have to see whether a well-heeled enthusiast finds this Vega interesting enough to pay the restomod premium for it.  To put it in perspective, comparing the asking price against the Collector Car Market Review Online Tool confirms the asking price is nearly $70,000 above this guide’s #1 “Excellent” appraisal of only $10,500. The Hagerty Valuation Tool does not provide Vega values currently as they are simply not considered very collectible yet.  Consequently, we’re giving this beautiful Vega our latest “NEW!” (short for “No Effin Way!) Award as we’re just not sure there is any value proposition in this car.

The Bionic Disco YouTube Channel features this 1972 Vega commercial reminding us how Chevrolet originally pitched it as an entry-level economy car:

Don’t get us wrong – we love this Vega! From the modern reliable and powerful drivetrain to the Vintage A/C to the tasteful carbon fiber door inserts, this Vega restomod screams quality that will likely not disappoint. We’re just curious to see whether someone steps up to pay the premium for such a unique restomod.

Here’s the seller’s description:

“1972 Chevy Vega with GM Performance LS3 V8 cranking out 430 horsepower, for a raucous bit of fun. Over $115k to build.
The exterior of the Chevrolet Vega has been treated to a shiny coat of white paint. Front and rear chrome bumpers have either been re-plated or replaced. Stainless trim appears to be in good nick. Fifteen-inch polished American Racing Torq Thrust II wheels are wrapped in raised-white-letter BFGoodrich rubber. Behind those wheels are massive cross-drilled brake rotors clamped by polished Aerospace brake calipers. Keeping the rubber planted on the ground is UMI Performance suspension with upper and lower control arms.
In the Chevrolet Vega’s engine bay lies the GM Performance LS3, fitted with a retrofit Holley oil pan, and fed by a polished air intake. An AFCO custom aluminum drag radiator and fan shroud keep things cool. Spent gasses exit through 2.5-inch dual exhausts and Magnaflow mufflers. The LS is backed up by the 4L60 transmission and a Ford nine-inch rear end with a 4.11 Positraction rear gear. An Aerospace brake booster feeds the disc brakes.
Inside the Chevrolet Vega is a fresh red vinyl interior. Front bucket seats look showroom new. Plain Jane door panels have been dressed up with carbon fiber sections. In the dash are a modern Kenwood stereo head unit and the controls for the Vintage Air climate control. The floor-mounted shifter appears like a traditional T-handle topped with a white ball. Original gauges have been replaced with Dakota Digital units for more pics and info call John

Yea or Nea: Does this high-quality Vega deserve our latest “NEW!” Award?  Comment below and let us know!

2 Comments
  1. brad

    Yes, it was thoughtfully designed and produced.

    Reply
  2. Bruce Papp

    wow. I really, really like the Vega, and it is done to a very nice standard, and you probably couldn’t build it for that price. But I am perplexed on what to think about that price. I know I wouldn’t go that high to buy one, even after all the trial and tribulations I am having building mine. And I fully understand the cost, just not sure what the market will say. But you likely won’t see another like it at a car show. Fun build, too steep for me.
    I think the C3 Corvette is a safer buy, even though they are much more plentiful, the market currently supports the price.

    Reply

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