The Oldsmobiles for 1937 were restyled and given several significant mechanical changes. For the first time, the bodies were all-steel and the eight-cylinder cars gained an extra 10 horsepower, bringing the total to 110 BHP. The six- and eight-cylinder cars had several distinguishable features. The six-cylinder cars had a horizontal bar theme at the front while the eight-cylinder cars had a cast grille with, what appeared to be, an intricate mesh. Inside, the cars featured a new dashboard layout plus a number of factory accessories.
This car is deep-black and has several options and accessories. The list of options include dual spotlights, fog lights, whitewall tires, wheel trim rings, a heater, a radio, a clock and an accessory hood ornament. The engine is an L-head eight-cylinder unit capable of producing 110 horsepower. There is a three-speed manual gearbox and four-wheel hydraulic drum brakes.
The interior is burgundy leather upholstery and there is a black factory top. In the back is a two-passenger rumble seat also covered in burgundy leather.
In 2009, this L37 Convertible was offered for sale at the Gooding & Company auction in Scottsdale, Arizona. The car was estimated to sell for $120,000 - $150,000. The lot was sold for a high bid of $90,200, including buyer's premium.