Like all manufacturers during the late ’60s and early ’70s, Chevrolet faced increasing pressure from the insurance industry, government regulators, and safety advocates. Suddenly, bigger (in terms of engine) was not better. When the big-block, 454-cubic inch V-8 became available, the 1970 model year also offered a new solid-lifter, 350 cubic inch small-block LT-1 option for Corvette. With 370 horsepower, the LT-1 had numbers more commonly associated with big-block units, but without the additional nose-heavy weight of the larger powerplant.

Compression ratios were reduced in 1971 to allow for the use of unleaded fuels, and horsepower was reduced to 330. Car & Driver quoted 0– to 60-mph in 6.0 seconds, completion of the quarter-mile in 14.57 seconds, and a top speed of 137-mph from the four-speed-equipped Corvette they tested. The LT-1 engine option made its final appearance in 1972. Horsepower was now quoted at 255 in SAE net terms, and engines were detuned to meet new Federal emission control standards, yet performance remained excellent. Sales totaled 27,004, with 20,496 coupes and 6,508 convertibles. Chevrolet proudly proclaimed the Corvette “America’s only true production sports car.”

This remarkable coupe is one of a reported 1,741 Corvettes that came off the line in 1972 with the LT-1 option at $483.45. It is also believed that only around 240 of the LT-1 cars had air conditioning. The number of Corvette Coupes with air conditioning is thought to be approximately 185 cars, of which this Elkhart Green with Saddle example is one. The car is one family-owned and has received one repaint in its history. The car is equipped with the desirable four-speed manual transmission, and while most LT-1 cars were rather meager in requested options, this exciting Corvette is set up with leather seats, AM/FM radio, the aforementioned air conditioning, dual mirrors, tilt/telescopic wheel, Rally wheels; power windows, steering and four-wheel disc brakes. The 1972 model year also marked the last time that the rear window was removable for a total open air driving experience, while still maintaining the security of the T-top roof structure. Two tank stickers also come with this LT-1, backing its deserved status.