The last Pontiac Fiero ever produced sold for a significant $90,000 at a recent classic car auction in Greensboro, North Carolina.
We first reported on this car in October, before it went up for sale at the GAA Classic Car Auctions event this past weekend. We were confident it would attract a good deal of attention at the auction, seeing as it was in like-new condition and was the last Fiero ever produced after General Motors discontinued the mid-engine sports car in 1988, but we certainly didn’t expect someone to pay nearly $100,000 for it.
Before the Pontiac Fiero ended production at the GM Pontiac Assembly plant in Michigan, GM held a raffle for employees giving them the opportunity to win a Fiero for themselves. This was actually the prize car in that draw, which was won by an enthusiastic employee who wanted to preserve it. As such, it has just 582 miles on the odometer (all delivery miles) and even still has the protective delivery plastic on the steering wheel, seats and other parts of the interior. This is also a well-equipped Fiero, featuring the optional 2.8L V6 engine and four-speed automatic transaxle, which further adds to its value and collectibility.
The buyer of this car also received extensive documentation for it and photos of it on the assembly line at Pontiac Assembly before it was auctioned off.
We’re willing to bet this car was purchased by a collector who plans to preserve it, as there’s really no point in paying so much money for a mint, low-mileage vehicle like this if one isn’t going to keep it in that condition. After all, there are tons of Fieros out there in decent condition for about $10,000 or less that would still be great to drive, so the only reason to pay so much for an example like this is for collecting or investment purposes.