The Grand Am was originally available as a 2-door coupe or 4-door sedan in two trim levels, base SE and uplevel GT. The Grand Am coupe competed with the Chrysler Sebring and LeBaron, Dodge Avenger and Ford Probe. The 4-door models sold against the Chrysler Cirrus, Dodge Spirit and Stratus, Ford Tempo and Contour, Mercury Topaz and Mystique, Nissan Altima and Honda Accord in the competitive compact-family-sedan category.
The Grand Am was redesigned in late 1991 for the 1992 model year.
A new powertrain was introduced on '95 Grand Ams. The new base engine across the board was the 150-horsepower version of the 16-valve Quad 4, now with a balance shaft in the oil pan that would smooth and quiet the engine in the mid- to high-speed range. Those 150 horses were an improvement of 35 hp over the previous model year's base engine, but 25 horses shy of the High-Output engine option on '94 GT models. The Quad 4 engine was used to back up with a standard 5-speed manual transmission, optional 4-speed automatic, or a 3-speed automatic (SE only). The optional engine was the same 155-horsepower 3.1-liter V6 as the previous year, which took a 4-speed overdrive automatic transmission. This was Pontiac's most powerful '95 engine, developing 185 ft.-lb. of torque. All Grand Ams were smoother than the previous year, with a new rear suspension that would relocate the spring in line with the rear wheel hub. The other notable new feature was variable-effort power steering, offered as an option on the GT. Other options included a 6-speaker CD player and sport interior. A driver's-side airbag, passive seatbelts and all-wheel antilock brakes were standard features.
As of mid-1994:
- $12,904 (1995 Pontiac Grand Am SE 2DR Coupe)
- $13,004 (1995 Pontiac Grand Am SE 4DR Sedan)
- $14,854 (1995 Pontiac Grand Am GT 2DR Coupe)
- $14,954 (1995 Pontiac Grand Am GT 4DR Sedan)
As of June 23, 1995:
- $13,499 (1996 Pontiac Grand Am SE)
- $15,499 (1996 Pontiac Grand Am GT)
- $495 (1995 models)
- $500 (1996 models)