Alternator Alternative: 1961 Chevrolet Corvair Lakewood – SOLD!

by | Oct 2022 | Classifinds, Wagon Wednesday

(To stop the slideshow and expand the pictures, click on the current photograph below)

November 8, 2022, Update – We confirmed the seller of this “Classifind” deleted their listing, so we’re now able to call this one “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.

October 27, 2022 Update – The seller did not wait long to lower their asking price on this Corvair Lakewood station wagon. Two days after posting their listing, the seller reduced the price from $16,500 to $14,500.

Chevrolet had high expectations for its new Corvair when it launched in 1960. After launching with just a two-door coupe and four-door sedan, the next model year Chevrolet offered nearly every body style imaginable such as this 1961 Corvair Lakewood 700 Four-Door Station Wagon we came across on Craigslist in October 2022 in Ormond Beach, Florida (Daytona). When these cars were new, the electrical system relied on a generator.  We noticed this Lakewood features a more modern alternator, likely needed to support the power requirements of the modern aftermarket stereo.  While most cars we would not give this change much thought, Corvair’s unique fan belt design (it changes 90 degrees from the crank pulley vertically to the cooling fan mounted horizontally) might be even more of a challenge to keep it engaged.

Currently offered for $14,500 (the original ask was $16,500), Classic.com, the analytics and search engine for the collector car market, confirms the ask is in line with the one-year rolling average of this guide’s summary for first-generation Chevrolet Corvairs of all body styles produced between 1960 and 1964.  By clicking on the green dots in the graph below, you can navigate to each comparable car sold as a way to help you evaluate the price of the Corvair featured here:

As a second data point, the  Collector Car Market Review Online Tool reveals the seller’s ask falls between this guide’s #2 Very Good” estimate of $11,300 and its #1 “Excellent” appraisal of $19,200.

For the Corvair’s second model year in 1961, in addition to Chevrolet introducing the Monza upscale trim to the four-door sedans and the club coupe body styles, the company also added the Lakewood Station Wagon to the lineup.  With its engine located under the cargo floor, the Lakewood offered 68 cubic feet of cargo room along with an additional ten cubic feet in the front trunk, or “Frunk.”  Chevrolet increased engine displacement to 145 cubic inches and mated with a two-speed automatic transmission such as this example, the engine was rated at 84 horsepower.  To increase luggage capacity in the frunk, the spare tire was relocated to the engine compartment and a new “direct air” heater moved warmed air from the cylinders and heads to the passenger compartment.  As sales of the wagon versions proved to be a disappointment, Chevrolet dropped the Lakewood name for 1962 and when the second generation Corvair debuted for 1965, the wagon was not part of the lineup.

The Cassidy Gecas YouTube Channel features this 1961 Corvair commercial showing three Corvairs driving around a dessert:

This 1961 Chevrolet Corvair Lakewood station wagon for sale is a nicely restored example featuring very nice alloy wheels shod with modern radial tires. About the only things we would consider improving on are perhaps making the modern speakers more stealthy and clean up the wiring on what appears to be an alternator upgrade over the original equipment.

Here’s the seller’s description:

“Rare find! Corvair wagons only made two years. Runs and drives great. 14-inch alloy wheels with Michelin tires. Freshly rebuilt carbs, new Duramax battery. Satellite-ready Bluetooth stereo with amp and subwoofer. Fun car! Must sell, asking $16,500 or best offer​

Show or go: What would you do with this restored 1961 Chevrolet Corvair Lakewood station wagon for sale?  Please comment below and let us know!

2 Comments
  1. lee hughes

    why wasn’t the lid to the inside of the engine compartment refinished?

    Reply
    • Guys with Rides

      Lee, we thought that was odd as well. You’d have to contact the seller directly to learn why.

      Reply

Submit a Comment

Your email address will not be published. Required fields are marked *