Initially, the Firebird came in only as a coupe in three trim levels: the base Firebird, upscale Formula and top-of-the-line Trans Am.
Power for the lineup of rear-drivers started off with a 3.4-liter V6 hooked to a 5-speed manual or optional 4-speed automatic for base Firebirds, and V8 power for Formula and Trans Am, with a 6-speed manual standard and the 4-speed automatic optional.
Standard equipment on all Firebirds included dual airbags, ABS and an automatic brake/transmission interlock. Cruise control and power door locks came standard in all convertibles and Trans Ams, while a/c was standard on Formula and Trans Am. For music in large chunks, a dealer- installed 12-disc CD changer was the option to go with after sorting through a variety of sound systems.
Pontiac's aggressively styled performance leader was such a good seller that the model lineup was expanded to six. All three trim levels each come in a choice of coupe or convertible.
The Trans Am GT designation has been dropped.
The big news in hardware this year was the new traction control system that used brake intervention and engine- torque reduction. The system was an option for all V8s. Also new for these models was a 16-in. 5-spoke cast aluminum wheel that were available in chrome at midyear. A new all-weather 245/50ZR16 Eagle RSA tire was standard on Trans Am and an option on Firebird and Formula. Do-it-yourselfers had one less thing to do, as all 'Birds now came with a totally maintenance-free front end.
As of mid-1994:
- $14,859 (1995 Pontiac Firebird 2DR Coupe)
- $19,099 (1995 Pontiac Firebird Formula 2DR Coupe)
- $21,069 (1995 Pontiac Firebird Trans Am 2DR Coupe)
- $21,939 (1995 Pontiac Firebird 2DR Convertible)
- $25,129 (1995 Pontiac Firebird Formula 2DR Convertible)
- $27,139 (1995 Pontiac Firebird Trans Am 2DR Convertible)
As of August 1, 1995:
- $15,614 (1996 Pontiac Firebird 2DR Coupe)
- $19,464 (1996 Pontiac Firebird Formula 2DR Coupe)
- $21,414 (1996 Pontiac Firebird Trans Am 2DR Coupe)
- $22,444 (1996 Pontiac Firebird 2DR Convertible)
- $25,284 (1996 Pontiac Firebird Formula 2DR Convertible)
- $27,364 (1996 Pontiac Firebird Trans Am 2DR Convertible)
- $500 (1995 models)
- $505 (1996 models)