The 1976 Cadillac Eldorado was America's "last convertible," but not for long. Speculators rushed to buy, only to lose big once ragtops returned in the '80s -- including a new Eldorado.
The 1976 Cadillac Eldorado was believed to be an "instant collectable."
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The 1976 Cadillac Eldorado featured white leather upholstery with red piping.
Come 1984, however, Cadillac introduced a new Eldo convertible that not only prompted a lawsuit (for deceptive advertising) but lost a bundle for those who overpaid for '76s. So much for clever marketing.
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