Evaluation: Numerous chips on the front of the car, and quite a few on the mirrors. Tidy wheels, tires, underbody, and engine, very good interior. Showing 43,132 believable miles. The final-year ‘88 Fiero is the one to have, yet you still never see them this clean. A neat little car. The Formula version combined the features of the range-topping GT model with a standard coupe body.
Bottom Line: From a performance standpoint, the Fiero suffered from a poor first impression. Just as in life, you only get one of those in the car world. A sporty-looking car with an exotic mid-engine layout, the Fiero debuted with economy car suspension and powertrain, and disappointed. A few engine fires on early cars didn’t help matters, either.
The Fiero got better with each model year and in 1988 got new suspension, finally making it the car it always should have been. And in classic GM fashion, they promptly killed it off. 1988 Fieros are capable, fun little cars that compare favorably with their in-period rivals, but they don’t have a huge following and prices have stayed surprisingly low. It’s not easy to find a fun car for four figures these days but this result is about right for a used but good ’88 Formula. The same car sold for $8295 on Bring a Trailer in February 2020.
I’ve a similar 88 Formula with 77,00O miles on it. It is also unrestored. I wouldn’t sell for same price. Great little car which never should have been discontinued.