Intended to compete in the growing personal luxury car market, from 1961 to 1965 the Starfire Convertible was the highest-priced model offered by Oldsmobile. While it shared most of its sheet metal with other full-sized Oldsmobile models, the Starfire wore unique trim and luxurious interiors. The Starfire Coupe hardtop joined the convertible for the 1962 model year. For the final 1966 model year, the convertible was dropped.

The Starfire nameplate returned for the 1975 model year as Oldsmobile's