Red Roadster: 1971 Chevrolet Corvette C3 350/270/auto 31K – SOLD!

October 21, 2023, Update – We confirmed the listing for this “ClassiFIND” expired, so with no replacement found, we’re assuming this ride is “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.

There used to be an expression, “What’s good for General Motors is good for America.”  Sadly, that wasn’t the case starting in 1971. That year represented a turning point for General Motors (“GM”) performance cars.  In 1971, engineers lowered engine compression ratios for all GM engine offerings to accommodate regular low-lead fuel with lower anti-knock properties, resulting in reduced power ratings.

Chevrolet’s Corvette was no exception.  The power rating for the 350 cubic inch L48 base engine decreased from 300 to 270 horsepower, and the optional special high-performance LT1 engine decreased from 370 to 330 horsepower. The LS5 454 cubic inch “Big Block” motor was carried over and produced 365 horsepower. Offered in ‘71 only was the LS6 454 cubic inch big-block featuring aluminum heads delivering 425 horsepower.

This all-red 1971 Chevrolet Corvette convertible for sale, last spotted in October 2023 on Craigslist in West Babylon, New York (Long Island), features its original 270 horsepower L48 V8 mated to a TurboHydramatic 400 automatic transmission.  While this C3 Corvette does not appear to have power brakes, it is equipped with desirable power steering. With only 30,671 original miles, it’s nice to see this Corvette feature its original powertrain.

Last offered for the firm price of $24,800, Classic.com, the analytics and search engine for the collector car market, confirms the ask is above this guide’s six-month rolling results trend for similar non-LT1-powered 1971 Corvettes of both body styles.  By clicking on the green dots in the graph below, you can get a sense of what comparable examples sold for recently:

As a second data point, the  Collector Car Market Review Online Tool reveals the seller’s ask falls between this guide’s #4 “Fair” (Daily Driver) estimate of $17,650 and its #3 “Good” appraisal of $28,500 before making adjustments for powertrain and equipment options.

Chevrolet produced the third generation Corvette, nicknamed “C3” by enthusiasts, from 1968 through 1982.  The 1971 Chevrolet Corvette convertible, equipped with the 350/270 motor and automatic transmission, represents a unique blend of American muscle car power and open-top cruising comfort. This classic car from the early 1970s embodies the era’s spirit with its distinctive design, potent V8 engine, and convenient automatic transmission. Let’s delve into the details of this iconic vehicle.

The 1971 Chevrolet Corvette continued the legacy of its predecessors with a striking design that combined performance-oriented aesthetics with a touch of luxury. The convertible variant, in particular, captured the essence of open-air motoring, featuring a retractable soft top that allowed drivers to enjoy the wind in their hair on demand.

This Corvette’s design boasted a long hood, a short rear deck, and muscular fenders that accentuated its athletic character. The quad-circular headlights, nestled within pop-up doors, gave the car a distinctive and recognizable front end. The 1971 model year saw some styling updates, including a new front bumper design with integrated grilles and a cleaner, more refined appearance. The convertible top could be easily raised or lowered, allowing for a seamless transition between top-down cruising and enclosed driving.

The Corvette’s body was crafted from lightweight fiberglass, a hallmark feature since its inception, contributing to its nimbleness and overall performance. In 1971, the car’s design incorporated fender vents and chrome accents, adding a touch of sophistication to its exterior appearance.

Beneath the 1971 Corvette convertible hood resided a choice of two versions of Chevrolet’s robust 350 cubic inch V8 small block engine, renowned for its reliability and power delivery. The standard version produced 270 horsepower, offering a smooth and effortless driving experience with the automatic transmission. Optional was the highly regarded 330 LT1 version, which delivered a substantial 360 pound-feet of torque at 4,000 RPM.

The automatic transmission in this Corvette was a three-speed unit, which offered the convenience of automatic shifting. While purists may prefer manual transmissions for their greater control and engagement, the automatic gearbox in the 1971 Corvette was well-suited to the car’s dual-purpose nature, making it more accessible for those who preferred an easier driving experience.

The 1971 Corvette featured a fully independent suspension system that delivered a balanced combination of handling prowess and ride comfort. This setup allowed the car to handle curves and corners with confidence while maintaining a smooth and composed ride on straightaways. The convertible variant’s chassis was designed to be sturdy, ensuring that the car’s performance capabilities were fully realized, even with the top down.

Power-assisted steering made maneuvering the Corvette effortless, allowing drivers to navigate tight turns and parking lots easily. Power-assisted four-wheel disc brakes also provided strong and reliable stopping power, enhancing overall safety and control.

Inside the 1971 Corvette convertible, occupants were treated to a blend of comfort and performance-focused design. The car featured plush bucket seats, providing support and comfort during long drives. The dashboard was designed with the driver in mind, featuring a layout that allowed for easy access to essential gauges and controls.

Optional features and amenities were available to enhance the driving experience. These included air conditioning, power windows, and an upgraded audio system, allowing drivers and passengers to enjoy a more luxurious and comfortable ride. While these additions provided additional convenience, they never overshadowed the car’s performance-oriented nature.

The 1971 Chevrolet Corvette convertible with the 350/270 motor and automatic transmission holds a special place in automotive history. It represents a unique blend of classic American muscle car performance and the convenience of automatic transmission, making it appealing to a wide range of enthusiasts.

Today, this classic Corvette is a sought-after collectible, with well-maintained examples commanding attention and premium prices in the collector car market. The allure of its timeless design, V8 power, and comfortable cruising capabilities make it a popular choice among vintage car enthusiasts.

Restoration and customization options are also available, allowing owners to bring their Corvettes back to their original glory or tailor them to suit their individual preferences. Whether preserved in its original state or modified to meet modern expectations, the 1971 Chevrolet Corvette convertible represents American automotive excellence from the golden era of muscle cars.

The MyFootage.com YouTube Channel features this 1971 Chevrolet Corvette commercial:

While this red 1971 Chevrolet Corvette convertible for sale is a low-mileage, numbers-matching example, we stop short of labeling it a “Survivor” for two reasons.  First, while the seller quickly points out their C3 Corvette has never been hit and retains its original bodywork, his comment that “the paint is older” suggests the car received a repaint at some point.  You’ll need to confirm with the seller whether that is the case.  Second, the non-original radio, air cleaner, and cup holder mount are all small aftermarket details that are worth noting to see if the seller has the original parts and, if so, does the seller plan to include them with the sale.

If you are serious about buying this 1971 Corvette Convertible for sale, you can start the conversation by using the contact information provided by the seller in their Craigslist ad.  When you connect, please mention that you saw their all-red C3 Roadster featured here on GuysWithRides.com. Good luck with the purchase!

Here’s the seller’s description:

Paint or Paint: What would you do with this red 1971 Chevrolet Corvette convertible for sale?  Please comment below and let us know!