The 1960 Corvair 500 and 700 series four-door sedans were conceived as economy cars offering few amenities in order to keep the price competitive, with the 500 (base model) selling for under $2,000. Powered by an 80 hp (60 kW; 81 PS) engine and three-speed manual or optional extra cost two-speed Powerglide automatic transmission, the Corvair was designed to have comparable acceleration to the six-cylinder full-size Chevrolet Biscayne. The Corvair's unique design included the "Quadri-Flex" independent suspension. Similar to designs of European cars such as Porsche, Volkswagen, Mercedes-Benz and others it used coil springs at all four wheels with independent rear suspension arms incorporated at the rear. Specially designed tires mounted on 13 inch wheels with 5.5 in. width were standard equipment. Available options included the Powerglide two-speed automatic transmission ($146) Gasoline Heater ($74) AM tube radio ($54) and a rear folding seat ($32) In January 1960, two-door coupe models of the 500 and 700 series were introduced.
Engine
2,296 cc (2.3 L) Flat-6
2,375 cc (2.4 L) Flat-6 (1961–63)
2,683 cc (2.7 L) (1964)