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Running 400 V8 Project: 1967 Pontiac GTO Convertible

With the population of remaining 1960s muscle cars slowly dwindling, this ’67 GTO convertible is something of a rare find. Only one of every nine Pontiac GTOs built in ’67 was a drop-top, like the seller’s car. From 20 feet, it looks presentable, but when you get up close, you’ll see some rust and body damage from a barn roof caving in. It’s a running vehicle, though it will need an exhaust system and tires before venturing out of the neighborhood. From San Antonio, Texas, this project is available here on craigslist for $24,000. Thanks for the tip, T.J.!

The GTO was in its second year as a series of its own 1967 after a very popular launch three years earlier. The ‘67s had different taillight treatments to set them apart from the ‘66s.  As many as nine combinations of 400 cubic inch V8s, transmissions, and compression ratio were offered, with horsepower output ranging from 255 to 360. The motor in the seller’s car has a 400 XH block from a full-size Pontiac of the same model year, so if you’re looking for numbers matching, this car won’t suffice.

As the story goes, this Pontiac had been sitting in a barn for 14 years when the roof gave way and fell in on the car. That damaged the top frame and put some dents in the left front fender and right rear quarter panel. The seller bought the car a few years ago intending a rotisserie restoration – and even bought a bunch of parts that will come with the car – but finally concluded he has too much else going on for the project.

While in his possession, the seller has had the gas tank professionally cleaned, rebuilt the carburetor, gave the car a tune-up and new fluids, and the GOAT fired right up. Other than some problems with the choke that requires working it manually, we’re told both the engine and automatic transmission perform as they should. Though parts of the brakes are new, they still need bleeding to reach optimum performance. And the exhaust system is pretty well shot.

The car’s paint is the original color, Tyrol Blue, and the power top goes up and down as it should. But the canvas material is all but gone and the parchment-colored interior needs to be refreshed. If you open the trunk, you’ll find gaping holes where someone got carried away with earlier repairs. So, the trunk pan will need replacing and there are some holes in the floorboards a well, but not as bad. Hagerty and NADA disagree as to the upscale potential of a car like this — $50,000 to $100,000, but the restoration will be costly, and it still won’t be numbers-matching.

Comments

  1. Rex Kahrs Member

    Well , if Hagerty is to be believed, they are saying a 67 GTO in #4 condition is worth 39K. I guess in theory that would give you a 15K leeway on this car to bring it back around.

    Like 2
  2. Todd J. Member

    Kudos to the seller for providing a fairly comprehensive description of the vehicle, unusual for a craigslist listing.

    Like 8
  3. 370zpp 370zpp Member

    No mention in the write up of who was sitting in the back seat on the passenger side and projectile-vomited. .

    Like 5
  4. LarryRS

    This really is a nice car in a great color combination. If brought back to good condition, especially the body, it would be quite a looker. But is going to take a great deal of work and it will still have the disadvantage of a NOM motor, which will lower its overall monetary value.
    I agree with the kudos to the seller about the great description – even letting potential buyers know that circumstances prevented photos of the underside. Whoever buys this is going to be able to go into the sale with their eyes open and will have a super nice cars n’ coffee-mobile after some (OK, a lot) of work.

    Like 1
  5. Claudio

    Being a life long ragtop guy , i always look at them with attention and i always felt that these cars had too much overhang, the rear is too long and its out of proportion
    Its like a pickup truck box with a toneau cover

  6. George Mattar

    Ton of work ahead. Great color combo. 66 and 67 GTO prices recovering, but Hagerty always puts prices very high. At least I have a good insurance policy for my 50 year old Corvette. Good luck here to the buyer.

  7. Stevieg Member

    A Tyrol Blue convertible with white interior! Only thing that would make it better would be a stick shift.
    Needs some work, but will be a real eye catcher when restored.

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