✦ Shifty Estimate
$15,800
▲ 5.0% · 12 mo- 12 months median
- $16K
- Sales, 12 months
- 17
- Original MSRP
- $15,995 · ▼ 1% since
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1987 Chevrolet Camaro Convertible
1987 to 1992 · Convertible
Price history
Recent sales
24 sales
1992 · Purple Haze · 10,000 mi · automatic2026-09-01 · Ramsey-Potts$19,500
1992 · Black · 151,700 mi · manual2026-09-01 · Matt_Lowney$6,250
1988 · Bright Red · 45,000 mi · automatic2026-08-31 · Jimfist$15,000
1991 · Arctic White · 115,000 mi · automatic2026-07-26 · cjatx$13,500
1988 · Bright Red · 2,000 mi · automatic2026-07-15 · carman70$10,750
1989 · Bright Red · 7,000 mi · automatic2026-06-25 · Scottcautos$30,750
1987 · red with a black convertible top · 46,726 mi · automatic2026-06-01 · jksobiech$16,500
1992 · Bright Red · 7,000 mi · automatic2026-05-17 · brewer1987$21,250
1991 · Red · 100,000 mi · automatic2026-05-15 · Car_Guy513$10,000
1988 · Bright Red · automatic2026-05-13$22,000- 1990 · WHITE · manual2026-04-17$11,000
1990 · Red · automatic2026-04-10$25,300
1991 · Arctic White · 12,000 mi · automatic2025-12-17 · rtmartinez4$24,515
1988 · White · 68,000 mi · manual2025-12-11 · mmbarnabas$15,250
1991 · Arctic White · 36,000 mi · automatic2025-11-24 · ChuckH$19,500
1989 · White · 52,667 mi · automatic2025-10-24 · FrankMalefors$16,066
1991 · Black · 61,000 mi · automatic2025-10-21 · Caseywiedmann$9,450
1992 · Dark Teal · 173,527 mi · manual2025-05-21 · John-47lby4ed$5,500
1990 · White · 55,000 mi · automatic2025-03-17 · IROCIN$15,000
1988 · Red · 60,000 mi · manual2025-02-11 · Jkbel4$13,000
1991 · White · 77,000 mi · automatic2024-06-24 · lucabrazzi$10,500
1990 · Red · 58,000 mi · automatic2024-01-21 · Kennen$10,250
1989 · Blue · 42,000 mi · automatic2023-10-26 · JRTrucks$12,089
1988 · White · 22,000 mi · manual2023-09-10 · easwensen69$24,000
Specifications
- Engine
- V8, 5.0L
- Power
- 170 hp
- Torque
- 255 lb-ft
- 0 to 60
- 8.1s
- Top speed
- 118 mph
- Transmission
- Automatic
- Drivetrain
- RWD
- Original MSRP
- $15,995
Common questions
How much does a Chevrolet Camaro Convertible cost?
A 1987 Chevrolet Camaro Convertible cost $15,995 new. Over the past 12 months, 17 have sold publicly at a median of $16,066. The Shifty Estimate for a well-kept example is $15,800. Cars have changed hands anywhere from $9,130 to $24,594, depending on mileage, color, and history.
What is a 1987 Chevrolet Camaro Convertible worth today?
The Shifty Estimate is $15,800, up 5.0% over the past 12 months. Confidence is high: 17 public sales in a year gives a firm read.
Is a Chevrolet Camaro Convertible a good investment?
It has depreciated 1% against its $15,995 list price. Values are up 5.0% over the past 12 months. The caution is spread, not direction: across the sales we have on file, prices ran from $5,500 to $30,750, and mileage explains most of that.
What has a Chevrolet Camaro Convertible sold for at auction?
The 3 most recent public sales we have on file:
- $19,500Sep 1, 2026Purple Haze · 10,000 mi
- $6,250Sep 1, 2026Black · 151,700 mi
- $15,000Aug 31, 2026Bright Red · 45,000 mi
The third-generation Camaro convertible marked Chevrolet's triumphant return to open-air motoring after a 17-year hiatus. Introduced for 1987, these F-body drop-tops were built by ASC (American Sunroof Corporation) with reinforced frames to maintain structural integrity. The IROC-Z convertible became the performance flagship, packing Tuned Port Injection 350 V8s producing up to 245 horsepower. Production remained relatively low throughout the run—just 8,000-15,000 annually depending on the year—making clean examples increasingly sought after. The 1992 model year marked the end of an era before the fourth-generation's debut. Today, collectors particularly prize IROC-Z convertibles and RS models with the optional 305 TPI V8. These represent the last of the classic F-body design language and offer genuine muscle car performance with wind-in-your-hair appeal. Values have been climbing steadily as '80s performance cars gain collector recognition.