The 1973 model year incorporated standard impact-absorbing front bumper system to meet new no-damage standards in 5 miles per hour (8.0 km/h) NHTSA safety legislation. The Rally Sport option with its chrome bumperettes on either side of an impact absorbing urethane grill surround continued for one more year due to creative bracing behind the front sheetmetal.
A new Type LT model was offered in 1973, with a quieter and better-appointed interior, full instrumentation, Rally-style wheels, variable-ratio steering, sport mirrors, and hidden windshield wipers, among other upgrades. The Super Sport package was dropped, and the big block 396 cu in (6.5 L) V8 was no longer available. Power was down due to new emissions standards, with the top-rated 350 cu in (5.7 L) V8 producing 245 hp (183 kW; 248 PS) in the Z28. The engine also switch from solid-lifters to hydraulic tappets. Air conditioning became available as an option with this engine. The Z28 option could be ordered on both the sport coupe and LT models. When the Z28, Type LT, and Rally Sport options were combined, the usual Z28 badges, stripes, and graphics were deleted.
Other changes included a new console-mounted shifter for automatic transmissions similar to the Rally Sport Shifter used in Pontiac Firebirds replacing the Buick-like horseshoe shifter of previous Camaros, and the reintroduction of power windows to the option list for the first time since 1969, with the switches mounted in the console.
Recovering from the strike, Camaro sales increased to 96,751 units during a record sales year industry-wide.