In 1962, Chevrolet introduced the Corvairs with few changes at the beginning of the year. The bottom line 500 series station wagon was dropped and the 700 became the base station wagon. The “Lakewood” name was dropped. The ever-popular Monza line then took on a wagon model to round out the top of the line. In spring of 1962, Chevrolet committed itself to the sporty image they had created for the Corvair by introducing a convertible version, then offering a high-performance 150 hp (112 kW) turbocharged “Spyder” option for Monza coupes and convertibles, making the Corvair the second production automobile supplied with a turbocharger as a factory option, with the Oldsmobile F-85 Turbo Jetfire having been released earlier in 1962. Corvair station wagons were discontinued at that point in favor the new Corvair Convertible and Chevy II (built at the same assembly plant). The slow-selling Loadside pickup was discontinued at the end of the model year. The rest of the Corvair 95 line of Forward Control vehicles continued. Optional equipment on all passenger cars (except wagons) included metallic brake linings and a heavy-duty suspension consisting of a front anti-roll bar, rear-axle limit straps, revised spring rates, and recalibrated shock absorbers. These provided a major handling improvement by reducing the potentially violent camber change of the rear wheels when making sharp turns at high speeds. The Turbocharged Spyder equipment group featured a multi-gauge instrument cluster which included a tachometer, cylinder head temperature, and intake manifold pressure gauges, Spyder fender script, and Turbo logo deck emblems, in addition to the high-performance engine.
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