To fill the void in demand, offer a fresh and new vehicle (so it could also alter the prices, corrected for the hyperinflation) GAZ carried out yet another modernisation of its Volga car.

Most of the panels were borrowed from the GAZ-3102, whilst the front fascia was made on one hand more modern, with an aerodynamic slant, yet less formal, thus ensuring the GAZ-3102's status would be untouched (effectively the full modernisation plan was implemented, and GAZ finally realised its successor programme for the GAZ-24, almost a decade late).

Other differences included black plastic bumpers (the car thus lacked any chrome details, save the optional hub caps).

GAZ finally returned to its modernisation programmes and in early 1996 a version was offered with the new 2287 сс ZMZ-406 fuel-injected DOHC engine and a five-speed gearbox.

In 1993 a project was put forward for a pick-up version, the GAZ-2304 "Burlak" which progressed to prototype stage and shown at the Moscow International Motor Show that year, but the GAZelle's entry did not justify production investment.