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[VIDEO] Auction Results: 1955 Pennant Blue Corvette

by Keith Cornett on May 5, 2008

A Pennant Blue 1955 Corvette Roadster

1955 was the turning point for Corvette with two significant changes that kept the 2 seat roadster from becoming extinct. The first was the introduction of the V8 engine – a 265 ci 195 hp small block that ushered the beginning of continual performance upgrades in the Corvette. The second was the introduction of Ford’s Thunderbird. Ford sold just over 16,000 Thunderbirds in its inaugural year compared to the Corvettes 4,600 during its first three years of production. Some say GM execs were too embarrassed to quit in light of Ford’s success. Let’s be glad they persevered and built Corvette into the iconic symbol it is today.

The 1955 Corvette was the second lowest year of Corvette production with just 700 built. The new 265 cubic inch V8 was mated to a powerglide automatic, although the straight six Blue Flame was offered in seven cars. To signify the V8 change, an enlarged gold “V” was added to the Chevrolet script of those Corvettes offered with the new V8.

Five exterior colors were offered with Pennant Blue being the second least produced color with just 45 examples. Polo White remained the most popular of color choices at 325 while the rarest of all colors were the 15 painted in Corvette Copper.

This Pennant Blue 1955 Corvette was auction by Mecum during their Muscle Cars & More event televised on HD Theater. It features the V8 engine with a powerglide transmission. Other options include the Wonderbar radio, side windows, window bag, shielding and coil cover. It is sequence number 30 out of 700 produced and is just 1 of 45 Pennant Blues produced. In 2002 it was awarded the prestigious Bloomington Gold certificate.


Source:
Mecum Auctions
HD Theater

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