Body styles of the main version were: 4-door saloon, 5-door estate (the model M-426), and 3-door panel van (the M-433). Hatchback and pick-up versions of the IZH model existed.
The car was sold in France as the Moskvitch Elite 1300 and as the Moskvich Carat in Norway. It was powered by 1.3litre / 1358cc straight-4 petrol engine, producing 50hp (37kW). "More worth than its price", was it's slogan for export sales.
There were two distinct series of the M-408, which both used the same name.
The first series of cars were produced between 1964 and 1969 in Moscow. These cars had vertical rear lights, two or four round headlights, a front bench seat, and a 4-speed manual transmission with column mounted gear lever. The length of the standard model was 4090mm (161in).
The second series was produced between 1969 and 1976 in Moscow. It had the same engine and transmission as its predecessor, but a new body — longer (at 4250mm) and fitted with rectangular headlights (made in East Germany) and horizontal rear lights, with triangular turn signal markers mounted on tail fins. Also it had separated bucket seats and the transmission used a floor-mounted gear lever.