The 1931 Chevrolet Series AE Independence is a classic American car with a 109-inch wheelbase and a 194-cubic-inch "Stovebolt" inline-six engine producing 50 horsepower. It replaced the 1930 Series AD Universal, helping Chevrolet reclaim first place in U.S. car sales during the Great Depression. Historical Significance Despite economic hardships of the era, Chevrolet produced over 623,000 units of the Independence in 1931. On August 25, 1931, the company celebrated its 8-millionth overall vehicle production milestone. Today, surviving models are prized by collectors and are frequently found in original restored condition or occasionally reimagined as hot rods.