The 1976 Corvette included a modified hood that changed the air induction system to pull air from further forward over the radiator. This eliminated a howl that could be heard in the cabin due to the old intake placement next to the front window. "Astro Ventilation" was removed and the ducts on the rear deck were removed along with it. Aluminum wheels were finally available and were installed on 6,253 Vette's. A partial steel underbody replaced some fiberglass to improve rigidity and shield the cabin from engine and exhaust heat. The new Turbo Hydra-Matic 350 Automatic transmission available with the base V-8 was lighter and also improved shifting at wide-open throttle. The Turbo Hydra-Matic 400 was kept with the optional V-8 and the torque converter was updated. The convertible option was no longer available. A new badge on the tail of the car was all one piece instead of the seperate letters used before. The new "sport" steering wheel was smaller than previous wheels, is was also the same wheel used on the Chevrolet Vega this year. Because of this Corvette owners complained and this is the only year for the Vega steering wheel.

The "Vehicle Identification Number" (also VIN or serial number) is stamped on a plate on the inner vertical surface of the left windshield pillar visible through the windshield.

1976 Corvette engines have the last six digits of the VIN stamped on the block after the engine number.

Interior options for exterior colors are suggested by Chevrolet. Any combination could be ordered.