Kelley Blue Book does not cover vehicles from 1978. The NADA Classic Car retail value for a 1978 Firebird Trans Am, depending on the condition and options, is $13,702 to $36,450. This quoted range covers the options of a 4-speed transmission, 403 V8 engine, and air conditioning.
The first Trans Am, which arrived midyear in 1969 as the WS4 option package. The WS4 Trans Am package cost $725 over a base V8 Firebird (coupe or convertible). A total of 697 production Firebird Trans Ams were produced in 1969. The Firehawk option package was first available in 1992 for the Firebird Trans Am. The Trans Am GTA option package was also available from 1987 to 1992 as well.
It was announced that GM's Pontiac division will resume production of the 2014 Pontiac Firebird Trans Am model. The new 2014 Pontiac Firebird Trans Am uses the 6.2-liter Corvette V8 engine, making 400 horsepower with a 6-speed automatic transmission or 426 horsepower with a Tremec 6-speed manual transmission (same as the Corvette). There will also be an SS verison of the 2014 Pontiac Firebird Trans Am.