For 1967, Catalinas and other full-sized Pontiacs received a heavy facelifting of the '65 bodyshell with more rounded wasp-waisted body contours and fuller fastback rooflines, along with concealed windshield wipers - an industry first. Replacing the 389 and 421 V8s of previous years were new 400 and 428 cubic-inch V8s built off the same Pontiac V8 design in use since 1955. The standard Catalina engine was a two-barrel unit rated at 265 horsepower (198 kW) with three-speed manual transmission or 290 horsepower (220 kW) with Turbo Hydramatic. The 265 horsepower (198 kW) engine was available as a no-cost option with the Turbo Hydramatic and differed from the standard 290 horsepower (220 kW) unit by using regular gas as opposed to premium fuel. Optional engines included a four-barrel 400 rated at 325 horsepower (242 kW), a four-barrel 428 rated at 360 horsepower (270 kW) or the four-barrel 428 HO rated at 376 horsepower (280 kW). The Tri-Power engine options were dropped for 1967 thanks to a new GM corporate policy which prohibited the use of multiple carbs on all vehicles except the Chevrolet Corvette. Front disc brakes and stereo 8-track tape player were new additions to the option list.

The 2+2 was offered for the last time in 1967 in both hardtop coupe and convertible. The 360-horsepower 428 was standard and the 428 HO was optional. This model was dropped due to low sales since its 1964 introduction as performance car buyers overwhelmingly preferred smaller and lighter intermediates such as Pontiac's own GTO and the new Firebird ponycar, which was introduced for 1967.