1988 Pontiac Fiero GTSOLD
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Estimate: $20,000-$30,000 US

Offered Without Reserve

AUCTION RESULTS: Lot was Sold at a price of $22,000

135hp, 173 cu. in. mid-positioned V6 engine, Tech IV electronic-fuel-injection, rear-drive,
three-speed automatic transmission, four-wheel independent suspension,
four-wheel disc brakes. Wheelbase: 93.4"

When the unique two-place mid-engined Pontiac Fiero was developed, the intention was to market an economical commuter car rather than something befitting Pontiac Division’s reputation as a performance car center. Thus, upon introduction for 1984, light-weight Fiero offered only GM’s 2.5-liter Iron Duke four-cylinder engine, which with manual transmission achieved an EPA highway economy rating of 47 mpg. With a base price of $7,999, first-year Fiero demand, buoyed by a rising economy, reached 136,840 units.

Unexpectedly, the attractive little two-door coupe attracted a higher proportion of female buyers than anticipated, gaining Fiero a reputation as a “chick car.” This didn’t go down too well with traditional macho Pontiac customers who expected more in the way of performance from a car labeled Pontiac.

So for the following year’s 1985 model, Pontiac introduced an optional 2.8-liter V6 engine with multi-port fuel-injection, first mounted in a specially built Fiero pace car for the 1984 Indy 500 a few months earlier. This engine became standard in a new top-of-the line GT model and optional in Sport Coupe and SE models.

Despite the added performance and other tweaks, for a variety of reasons Fiero sales didn’t prosper thereafter. Production for 1985 plummeted to 76,371, rose slightly for 1986 to 83,974, then tumbled again to 46,581 for the 1987 model. Pontiac Division and GM corporate management had to make the painful decision to discontinue Fiero at the end of the 1988 model after only five years, closing a plant that had been equipped specifically for Fiero and only Fiero production. The curtain rang down for Fiero on August 16, 1988, after a model run of only 26,401 units.

The red 1988 Fiero GT shown here was one of the final year’s output, and like some other “new” Pontiacs in Mr. McMullen’s collection, came from a dealership in Florida where several new “future collectibles” went into storage. Typically, the odometer shows only 64 miles, and the condition of the car, as expected, is that of a brand new car fresh off the haul-away. The interior upholstery and carpeting is tan, while the dash, steering wheel and console are an attractive caramel color.

Reference Number 8721

as of 4/18/2007

Car 1988 Pontiac Fiero GT
VIN 1G2PG1196JP218745 
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