1988 Pontiac Fiero

Formula Coupe
Sale Price
20 October 2022
Sold Date
Lot Number
Unrestored original
Auction House
Chassis no. 1G2PE1193JP217946. Medium Red Metallic over gray cloth. 173/135, 5-speed, rear spoiler, factory cassette, air conditioning.

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.

by Andrew Newton
30 October 2022
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Condition definitions
Condition #1: Concours
Condition #1 vehicles are the best in the world. The visual image is of the best vehicle, in the right colors, driving onto the lawn at the finest concours. Perfectly clean, the vehicle has been groomed down to the tire treads. Painted and chromed surfaces are mirror-like. Dust and dirt are banned, and materials used are correct and superbly fitted. The one word description for #1 vehicles is “concours.“
Condition #2: Excellent
#2 vehicles could win a local or regional show. They can be former #1 vehicles that have been driven or have aged. Seasoned observers will have to look closely for flaws, but will be able to find some not seen by the general public. The paint, chrome, glass and finishes will all appear as excellent. No excessive smoke will be seen on startup, no unusual noises will emanate from the engine. The vehicle will drive as a new vehicle of its era would. The one word description for #2 vehicles is “excellent.“
Condition #3: Good
#3 vehicles could possess some, but not all of the issues of a #4 vehicle, but they will be balanced by other factors such as a fresh paint job or a new, correct interior where applicable. #3 vehicles drive and run well, but might have some incorrect parts. These vehicles are not used for daily transportation but are ready for a long tour without excuses, and the casual passerby will not find any visual flaws. “Good” is the one word description of a #3 vehicle.
Condition #4: Fair
#4 vehicles are daily drivers, with flaws visible to the naked eye. The chrome might have pitting or scratches, the windshield might be chipped. Paintwork is imperfect, and perhaps the body has a minor dent. Split seams or a cracked dash, where applicable, might be present. No major parts are missing, but the wheels could differ from the originals, or other non- stock additions might be present. A #4 vehicle can also be a deteriorated restoration. “Fair” is the one word that describes a #4 vehicle.
Condition #5: Poor
Running, but battered, incomplete, and perhaps rusty.
Condition #6: Parts car
Parts car.
Hagerty only assigns condition ratings to vehicles we can inspect in person or, for online listings, via high-quality photography.