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Government Halts Barrett-Jackson Sale of GM Cars

by Keith Cornett on April 10, 2009

National Highway Traffic Safety Administration

Update: A CorvetteBlogger reader tells us the sale of GM vehicles at Barrett-Jackson is back on. The reversal of the NHTSA sent a wave of applause and high-fives throughout the Palm Beach auction.

We got the news late Thursday evening that the National Highway Traffic Safety Administration halted the sale of some of GM’s Heritage Collection Corvettes and other cars due to concerns that buyers may be unaware that cars sold on a scrap title or bill of sale are not to be registered for the street, despite the fact that GM and Barrett-Jackson list a disclaimer that says the same.

Sports Car Market reports:

West Palm Beach, Florida: Midway through Friday’s collector car sale, representatives of the National Highway Traffic Safety Administration (NHTSA) forced Barrett-Jackson to stop the sale of certain cars from the GM Heritage Fleet. Our sources tell us that this order from NHTSA was completely unexpected; Barrett-Jackson and GM have been extremely careful to note, in written material posted on the cars, which GM cars are sold on “salvage titles” or similar, and cannot be registered. Apparently, despite this, NHTSA is concerned that someone “might try” to register the cars for the street.

GM and Barrett-Jackson are attempting to resolve this so that the cars, which have been heavily publicized and have drawn bidders from across the nation, can be sold. Unfortunately, discussions are hampered by the fact that the relevant NHTSA offices are closed for the day, and reportedly will be closed tomorrow as well.

The disclaimers can be seen on each of the GM Corvettes and cars sold with “scrap” titles or Bill of Sales. The disclaimers read:

THIS IS A CONCEPT VEHICLE. NEITHER GM NOR BARRETT-JACKSON MAKE ANY WARRANTY OR REPRESENTATION OF ANY KIND, EXPRESS OR IMPLIED, CONCERNING THE VEHICLE, INCLUDING NO WARRANTY OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE. THE VEHICLE IS NOT CERTIFIED TO COMPLY WITH ANY FEDERAL, STATE OR LOCAL LAWS, RULES OR REGULATIONS AND MAY NOT BE DRIVEN ON PUBLIC ROADS. THIS VEHICLE WILL BE CONVEYED TO BUYER WITH NO MANUFACTURER STATEMENT OF ORIGIN (MSO) OR TITLE AND THE VEHICLE DOES NOT HAVE A COMPLETE VIN. SOLD ON BILL OF SALE ONLY.
The Government intervention Thursday evening halted the sale of 18 GM cars including two Corvettes:
  • Lot #57 – 2005 Corvette C6 Coupe Test Mule
  • Lot #57.1 – 1988 Corvette Twin Turbo Coupe


Source:
Barrett-Jackson Collector Car Auction

Related:
Corvette Auction: GM to Sell Part of Heritage Collection
Auction Results: 1988 35th Anniversary Corvette Sells For Record High
Corvette Auction: 2009 Barrett-Jackson Palm Beach Preview

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1988 35th Anniversary Corvette

Only 9% of the Corvettes manufactured in 1988 received the Z01 35th Anniversary Package and the example that sold today at Barrett-Jackson’s Palm Beach auction could quite possibly be the nicest one in existence.

The 35th Anniversary Package featured a white exterior with white wheels, white seats and steering wheel as well as special emblems and a console mounted plaque. 2,050 Coupes were produced at an extra cost of $4,795 over the $29,489 base price.

1988 35th Anniversary Corvette 1988 35th Anniversary Corvette 1988 35th Anniversary Corvette

Lot #38 was an original one owner Z01 optioned Corvette with only 682 miles. The 350/245 engine was coupled to a rare 4-speed manual transmission (MMF), an option chosen only 19%. For 21 years the Corvette was stored in a climate controlled environment.

The 35th Anniversary Corvette hammered home for $37,500 and with commission the final sales price was $41,250. This easily beats the high price for a 35th Anniversary edition of $32,100 at an RM Auction held in 1998 in Monterey as listed in the VetteMarket.com CP database.

Our Corvette Price Guide’s 2008 high for a 35th Anniversary Coupe was $28,000. In addition, the one year appreciation shows 1% growth over the previous year.


Source:
Barrett-Jackson Collector Car Auction

Related:
Corvette Auction: 2009 Barrett-Jackson Palm Beach Preview
Corvette Auction: GM to Sell Part of Heritage Collection
Auction Results: Barrett-Jackson Corvette Sales Total $10 Million

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Ugur Sahin Mallet Corvette Z03

Last year uber designer Ugur Sahin released his renderings for a custom coachwork design based on the C6 platform dubbed the Corvette Z03. Cool is the fact that this concept wasn’t just an exercise in design. Sahin recently announced a partnership with well-known Corvette tuner Mallet Cars to bring the Z03s to life. Mallet will be offering a couple different power plant options including a 999 horsepower version referenced as the “Twin Turbo Hammer.”

Unique to the Corvette Z03 is its split-window, but not where you would expect to see one on a Corvette. The Z03 features a window on the hood much like the ZR1, but there is a painted divider running through the center to show off that big supercharged 700 hp LS7 or the 999 hp twin turbo.

Ugur Sahin Mallet Corvette Z03 Ugur Sahin Mallet Corvette Z03 Ugur Sahin Mallet Corvette Z03
Ugur Sahin Mallet Corvette Z03 Ugur Sahin Mallet Corvette Z03 Ugur Sahin Mallet Corvette Z03
Ugur Sahin Mallet Corvette Z03 Ugur Sahin Mallet Corvette Z03 Ugur Sahin Mallet Corvette Z03
Ugur Sahin Mallet Corvette Z03 Ugur Sahin Mallet Corvette Z03 Ugur Sahin Mallet Corvette Z03

Cost of the custom body work conversion is expected to cost $69,000 plus your donor Corvette. Mallet is offering two performance engine upgrades based on the Chevy LS7. The 700-horsepower “Dead Hammer Blow” costs $32,700 while the 999-horsepower APS “Twin Turbo Hammer” will set you back $37,795.

Check out the press release below for more details:

PRESS RELEASE UgurSahinDesign Mallett Z03

“Since the first press release early 2008 Ugur Sahin and his team have been involved in a lot of preparations to take the Z03 concept from art to parts.

Several exterior design adjustments have been made for optimal engine cooling and improved downforce. The headlight units have been shaped into a more aggressive, yet distinctive design to fit the shape of the new powerdome hood.

For fabrication and engine tuning of the limited Corvette series Ugur Sahin Design has teamed up with Mallett Cars from Berea, Ohio. Mallett Cars has a long history with racing Corvettes and the Mallett brothers have tuned and upgraded hundreds of Corvettes over the years.

Now that Ugur Sahin Design and Mallett Cars have set their minds on the Corvette C6, they are aiming to push the bar even higher for the American performance car enthusiasts.

Proof of this statement is that Mallett Cars has developed a full 24000 mile/ two year guaranteed 999 hp Twin Turbo engine upgrade, which makes the Mallett Z03 the most powerful Corvette series ever produced. Every body part will be precision engineered by the state of the art engineering equipments to ensure the maximum build quality.

Pricing of the conversion of your Corvette C6 or Z06 into a USD Mallett Z03 is set at $ 69.000 for the full bodywork conversion including reference class paintwork. Pricing does not include cost of the donor vehicle, which will be supplied by the customer.

The Mallett Z03 will be available with two optional performance packages based on the GM’s LS7 engines, a 700 hp supercharged conversion and a 999 hp twin turbo conversion.

Mallett Z03 700 hp Dead Blow Hammer Conversion $ 32,700.00

Technical specifications:
Vortech Supercharger Kit w/ Mallett Modifications
Custom Designed Fuel System Upgrade
Custom Ported LS7 Heads, Flow Matched & CC Matched
Custom Ported / Polished 90mm Throttle Body
Custom Mallett Billet Monster Camshaft
Custom Crower Valve Springs
Custom Crower Titanium Valve Spring Retainers
Cometic Headgaskets
Manley 4340 Chrome-moly Push-rods
2618 Alloy LS Series Pistons & Rings
K1 Technologies Forged Connecting Rods
Clevite 77 Coated Engine Bearings
Professionally Balanced Rotating Assembly Service
Kooks Headers, Cats & X-Pipe
Corsa Touring Muffler System
Mallett Body Graphics & Seat Embroidery
Mallett Custom Shifter
Custom Number Plaque
Custom ECM Calibration With Dyno Tune4.0 C6 ZO6 Corvette 700hpn

Mallett Z03 999 hp APS Twin Turbo Hammer Conversion $ 35,795.00

Technical specifications:
APS Twin Turbo Hammer Conversion
Custom Designed Fuel System Upgrade
Custom Ported LS7 Heads, Flow Matched & CC Matched
Custom Ported / Polished 90mm Throttle Body
Custom Mallett Billet Monster Camshaft
Custom Crower Valve Springs
Custom Crower Titanium Valve Spring Retainers
Cometic Headgaskets
Manley 4340 Chrome-moly Push-rods
2618 Alloy LS Series Pistons & Rings
K1 Technologies Forged Connecting Rods
Clevite 77 Coated Engine Bearings
Professionally Balanced Rotating Assembly Service
Mallett Body Graphics & Seat Embroidery
Mallett Custom Shifter
Custom Number Plaque
Custom ECM Calibration With Dyno Tune


Source:
autoblog.com Related:
n2a Motors Shows Off The Retro C6 Corvette Stinger
[PICS] Callaway Corvettes at the 2009 Supercar Weekend Technorati Tags:
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First Built 2006 Corvette Z06

The 7th Annual Barrett-Jackson Collector Car Auction at Palm Beach gets underway this Thursday and currently 39 Corvettes are listed on the auction docket. The list is an interesting mix of classics and newer Corvettes because, like January’s Scottsdale auction, General Motors is selling 100 vehicles from its Heritage Collection which includes 11 Corvettes and prototypes.

The earliest Corvette on the list is a black 1954 Corvette roadster (Lot #664). The Corvette is off a fresh frame off restoration and is powered by the 235 ci straight 6 Blue Flame engine. With only 4 Corvettes thought to be original black cars in 1954, we doubt this Corvette is one of them as there is no mention of documentation or certification from NCRS/Bloomington.

Another early Corvette we think will do well is a 1966 Corvette Coupe (Lot #646) equipped with a 427/390 V8 and a 4-speed. The matching numbers coupe comes with factory air conditioning, J56 power brakes, power antenna, day/night mirror, back-up lights, traffic hazard warning, AM/FM radio, knock-off wheels and correct General tires. This Corvette was awarded an NCRS Top Flight at the Dallas Texas Regional in October 2008.

There are a couple unique GM Heritage Collection cars here as well. While many will like the 1978 Corvette Indy Pace Car (Lot #675) that is 1 of 4 Corvettes used at the race, we like several of the prototypes and mule cars being made available. In that category, collectors can choose from the 1999 First Built Hardtop (Lot #678.1) stuffed with an LS7, the 1990 ZR-1 “Active” prototype (Lot #676.1) and a 2005 C6 Coupe Test Mule (Lot #57) that still features its camouflage coverings.

Also of interest is the first built 2006 Corvette Z06 (Lot #679.2) driven at Nurburgring in 2005 by Corvette Racing driver Jan Magnussen. We recommend you take a couple of minutes and read up on the description of this historic C6 Corvette.

SPEED TV will be providing 22 hours of auction coverage with the live action starting at 12 noon on Thursday, April 9th. Download our 2009 Barrett-Jackson Palm Beach Corvette Schedule for auction and coverage times.


Source:
Barrett-Jackson Collector Car Auction

Related:
Corvette Auction: GM to Sell Part of Heritage Collection
Auction Results: Barrett-Jackson Corvette Sales Total $10 Million

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#28 LG Motorsports GT2 Corvette Qualifying in St. Pete

We trained our camera today on the LG Motorsports #28 GT2 Corvette and drivers Lou Gigliotti and Eric Curran who were in St. Petersburg for the second stop on the American LeMans Series – the Acura Sports Car Challenge. This afternoon’s session was for practice and laying down qualifying times.

The #28 Corvette ran a fastest lap time of 1:14.633, qualifying for eighth position in GT2 and 10.857 seconds behind the pole-winning #62 Risi Ferrari 430 GT.

Eric Curran, Driver, LG Motorsports, Corvette C6: “In my first race with the team at Miller Motorsports Park last year I got the car up to third place, the team’s highest running position to date. The team has shown constant improvement and we feel we have the potential to get on the podium. This week at St. Pete, the LG Pro Long Tube Header Corvette will be partnering with Whelen Engineering. Plus, we’re really happy that Corvette fans will have our GT2 Corvette flying the Corvette banner for them.”



Related:
Corvette Racing: GT2 Corvette C6.R to Wear ZR1 Body
LG Motorsports Makes Bid to Race GT2 Corvette at Le Mans

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New Corvette Rebates and Incentive Offers

by Keith Cornett on April 3, 2009

Corvettes for sale at Kerbeck

Our friends at Kerbeck Corvette wanted us to help spread the word about the special rebates and incentives being offered by GM. Last month’s Corvette sales were the best since September 2008 and GM really wants to build on the momentum with these rebates and incentives. The good news is that you can thousands on both 2008 AND 2009 Corvettes.

For 2009 Corvettes

  1. 4.9% Financing for up to 60 months, OR
  2. $1,000 rebate

For 2008 Corvettes

  1. 0% Financing for up to 60 Months, OR
  2. 2.9% financing for up to 72 months, OR
  3. $4,000 rebate, OR
  4. $2,000 rebate and 5.9% financing for 60 months.

Want to take advantage of these special rebates or financing deals on new Corvettes? call Dave Salvatore of Kerbeck Corvette at 1-877-537-2325. Make sure you tell him CorvetteBlogger sent you!


Source:
Kerbeck Corvette

Related:
March 2009 Corvette Sales

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March 2009 Corvette Sales

by Keith Cornett on April 2, 2009

In keeping with our “glass is half full” optimism regarding monthly Corvette sales, we are happy to report that the March 2009 sales report released by GM yesterday shows the third straight month of growth for 2009 in new Corvette deliveries. In March 2009, 1,183 Corvettes were sold which was a 15% increase over February’s 1,027 deliveries and was 41% higher than the 842 Corvettes sold in January 2009.

READ MORE →

More Details Emerging on the 2010 Grand Sport Corvette

by Keith Cornett on April 1, 2009

1996 Corvette Grand Sport

Back in January, we brought you news that GM was considering a Grand Sport Widebody for 2010 and now the interwebs have blown up again with the news following a Corvette Forum post by Billings, Montana Chevy dealer Ken Fichtner. I guess a rumor is much more official when you can back it up with the internal model codes from GM. We’ve also got some additional information about the Grand Sport and it’s about the color blue.

Ken’s post on the Forum went viral pretty quick. Here is what he said:

Chevrolet will offer the 2010 in 6 models:

1YY07 Corvette Coupe
1YY67 Corvette Convertible
1YY87 Corvette Z06
1YY87 Corvette ZR1
1YG07 Corvette Grand Sport Coupe
1YG67 Corvette Grand Sport Convertible

I haven’t any other information on colors, trim, powertrain, packages, or options.

I will keep you updated as information is available.

Well, we do have some brand new info regarding the 2010 Grand Sport Corvette:

  • It will be offered as a widebody (like the Z06/ZR1)
  • It will be offered in different color combinations, not just blue/white.
  • It will be offered with the LS3 – no engine upgrades.
  • Some parts/pieces of Z06/ZR1 may be offered on the GS.

Regarding that last bit of info, we are hearing a brake package may be available but we could also see other items like a differential cooler.

And if you want a blue Grand Sport, you can get one but it will come in Jetstream Blue only. No other new colors are slated for 2010 other than Torch Red replacing Victory Red.

We heard from Corvette Marketing Manager Harlan Charles say at Sebring that the new 2010 models can be seen at the Birthday Bash on April 24th at the Corvette Museum so we are assuming the Grand Sports will be there as well. CorvetteBlogger will be making the trip to the Bash specifically to witness the 2010 introductions and will bring the coverage to the web that weekend.

Source:
Corvette Forum

Related:
Rumor: 2010 Corvette to Include a Grand Sport Widebody
CorvetteBlogger Talks with Corvette’s Harlan Charles

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Corvette Racing: GT2 Corvette C6.R to Wear ZR1 Body

by Keith Cornett on March 31, 2009

GT2 Corvette C6.R to Wear ZR1 Body

In the video presentation from GM Road Race Manager Steve Wesoloski at Sebring, we got an update on the building of the GT2 Corvette. Steve said the following that should put a smile on any Corvette Racing fan: “They (Pratt & Miller) hung the body last week… It’s a ZR1 body. At the doors, it’s got flares front and rear to fit the racing wheels and tires. I got to tell you that it looks more aggressive than the C6.R. But It looks purposeful, it doesn’t look gaudy and it fits that class.”

We turned to BadBoyVettes.com to begin our “GT2 Watch” and sure enough, Eddie and the boys have offered a preview of what the GT2 Corvette might look like with the above cad rendering of a ZR1-based GT2. Gone of course is the hood with the polycarbonate window. Wesoloski says the GT2 will be powered by the LS7 destroked to 6 liters this year and next year the rules require another step down to 5.5 liters. Wesoloski says Pratt & Miller will be using an LS3 modified to 5.5 liters with output of around 500 horsepower to reach those goals.

Stay tuned for more GT2 news as it comes available.



Source:
BadBoyVettes.com

Related:
[VIDEO] Corvette Racing’s Steve Wesoloski: “Racing Sells Cars”
Corvette Racing: GT2 Corvette C6.R To Hit Test Track in March

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Hourly Corvette Production Slashed Again

by Keith Cornett on March 31, 2009

The Bowling Green Assembly Plant

UPDATE: Autoblog spoke with Andrea Hales, GM Bowling Green Assembly Communications manager, who informed them that while there will be six weeks of down time from now until the end of June, the plant actually has about 600 workers and they will continue to build 11 Corvettes per hour, not eight.

Earlier this week it was announced that GM would idle the Bowling Green Assembly Plant for 6 weeks over the next three months. What we are hearing now is that when the plant is open, hourly production of the sports car will fall from 11 to 8 cars an hour.

UAW Local 2164 Secretary Cindy Shelton confirmed the slowing of the assembly line to 8 cars an hour, a far cry from the 18 cars an hour produced a year ago. “We are hardly running”, she said as the workforce has been trimmed to 400 workers, down from nearly 1,000 workers two years ago. “We are all worried and we are all waiting.” Shelton said in response to news about Rick Wagoner’s departure and President Obama’s comments about General Motors earlier this week. “Retirees are worried about their pension if GM goes bankrupt and the rest of us are just worried if we will be here next week.”

The slow down in production and plant idling comes as Corvette sales continue to run about half of what they were a year ago. In February 2009, Corvette sales were down 50% over 2008 sales. Just 1,027 Corvettes were sold in February compared with 2,071 the year prior.

Later this week we are expecting similar numbers when GM announces March 2009 sales.


Source:
Louisville Courier-Journal

Related:
Corvette Assembly Plant Facing Further Downtime
Corvette Assembly Plant to Layoff 110 Workers

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