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Corvette Market’s Smart Auction Buys of 2007

by Keith Cornett on January 7, 2008

Editors from Keith Martin’s Corvette Market have analyzed and posted in a slideshow format what they consider to be the Top 10 Smart Corvette buys from various auctions held in 2007. We took a look at the list and agreed. It just goes to show you that if you are a buying a Corvette and you have knowledge and patience, you too can get a great deal on the Corvette of your dreams.

Corvette Market’s Top 10 Smart Corvette Buys:

1. 1960 Corvette Convertible – 283/230 – $55,000
2. 1957 Corvette Convertible – 283/283 – $76,650
3. 1963 Corvette Convertible – 327/365 FI – $67,100
4. 1966 Corvette Convertible – 327/350 – $50,400
5. 1968 Corvette Coupe – 427/390 – $25,998
6. 1957 Corvette Convertible – 283 fi – $99,000
7. 1969 Corvette Convertible – 427/390 – $38,850
8. 1961 Corvette Convertible – 283/270 – $110,000
9. 2001 Corvette Z06 – 13K Miles – $26,513
10. 1964 Corvette Coupe – 327/300 – $45,000

All of these Corvettes profiled on Corvette Market have both a description of the car as well as expert analysis on why it was selected for the Smart Buys list. If you’re into Corvettes for not only the fun and excitement they bring, but the financial rewards as well, consider subscribing to Keith Martin’s Corvette Market. We’re anxiously awaiting the next issue!


Source:
VetteMarket.com

Related:
Introducing Keith Martin’s Corvette Market Magazine

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As I discussed in Saturday’s video blog post, there is a steering wheel on the 2009 Corvette ZR1 that is not on any of the 2008 Corvettes. This new steering wheel has two buttons on the left side that allow the driver to view information displayed on the DIC. The top button chooses the information or moves through the screens. The bottom button with the arrow is used for selecting the menu.

These function buttons show up on several other GM vehicles including the Chevrolet Silverado, Malibu and the Saturn Sky. Below you see the 2009 Corvette ZR1′s steering wheel and a similar (albeit more advanced) steering wheel of the 2008 Saturn Sky.

2009 Corvette ZR1 Steering Wheel 2008 Saturn Sky Steering Wheel

We’re going to make an assumption that this new wheel will also be standard on the 2009 base and Z06 models. It seems controlling your DIC while keeping your hands on the wheel is a fairly reasonable feature and there’s not much reason why it would be offered exclusively to ZR1 buyers.

Now how about those cruise control buttons!

Thanks for the tip George!


Related:
Video: In The CorvetteBlogger.com Garage – V1.1

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Video: In the CorvetteBlogger.com Garage – V1.1

by Keith Cornett on January 5, 2008

I’ve been debating doing a video blog post for sometime now and decided that with the recent events, now was as good as time as any. This first attempt is pretty rough I’ll admit and it remains to be seen how well it will be received. Please leave a comment with your thoughts, comments and suggestions.

Contents of Episode V1.1 include:

  • A new feature is spied and a missing badge on the Corvette ZR1.
  • A rant against the signature Indy 500 Pace Car
  • A preview of things to come for the 2009 Corvette
  • Noland Adams book is back!

Related:
2009 Corvette ZR1 Photo Gallery
Two Unique Corvettes to Pace the 2008 Indianapolis 500
CorvetteConti.com’s 2009 Corvette Previews
Five People in the Corvette Hobby I’d Like to Meet

Credits:
music.podshow.com

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December 2007 Corvette Sales

by Keith Cornett on January 4, 2008

December’s Corvette sales were up sharply over November’s sales figures as the final tally for the 2007 monthly sales figures were released by General Motors. Sales of Corvettes in December 2007 totaled 2,914. That’s up from the 2,438 units sold in November 2007 but down slightly from December 2006′s 3,081 Corvettes sold.

The 2007 calendar year will go down as another strong year for Corvette sales. January through December 2007 saw 33,684 Corvettes sold. While that figure was down from 36,518 Corvettes sold in 2006, it was higher than the 32,489 Corvettes sold in 2005. Remember that Corvette production for the 2007 model year was a bit of an anomaly as an astounding 40,561 Corvettes were built, the highest model year production figure since the introduction of the C4 Corvette in 1984.

The outlook for sales during the 2008 calendar year should continue to remain on par with what we’ve seen over the last three years: roughly 2,800 units per month for a total of 34,000 Corvettes for the year. While the 2009 Corvette ZR1 will make for interesting discussion as the ultimate halo car, production targets are rumored to be in the neighborhood of 1,500 units. Right now no one knows if ZR1 sales will come at the expense of the Corvette Z06.

Month Calendar Year-to-Date
Month 2007 2006 % Change Months 2007 2006 % Change
January 2,234 2,579 -16.8% Jan-Jan 2,234 2,579 -16.8%
February 2,784 3,058 -9.0% Jan-Feb 5,018 5,637 -11.0%
March 3,158 3,655 -16.7% Jan-Mar 8,176 9,292 -12.0%
April 3,227 3,516 -0.6% Jan-Apr 11,403 12,808 -11.0%
May 3,300 3,317 -4.3% Jan-May 14,703 16,125 -8.8%
June 3,055 2,938 0.1% Jan-Jun 17,758 19,063 -6.8%
July 2,377 2,794 -11.4% Jan-Jul 20,135 21,857 -7.9%
August 2,877 2,990 -3.8% Jan-Aug 23,012 24,842 -7.4%
September 2,837 3,056 -3.5% Jan-Sept 25,849 27,903 -7.4%
October 2,484 2,761 -13.5% Jan-Oct 28,333 30,664 -7.6%
November 2,438 2,773 -12.1% Jan-Nov 30,771 33,437 -8.0%
December 2,914 3,081 -5.4% Jan-Dec 33,685 36,518 -7.8%

Wheels on the Ground

A check of Jeff Hardy’s website shows a total of 9,398 2008 Corvettes on the ground in the following model configurations:

  • 5,700 Corvette Coupes
  • 1,596 Corvette Convertibles
  • 2,102 Corvette Z06


Sources:
GM
JeffHardy.com

Related:
November 2008 Corvette Sales

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I’m betting that Corvette Product Manager Harlan Charles is a very popular fellow now that the details about the Corvette ZR1 have been released. We saw him recently on the Garage419.com vblog as he stood next to and pointed out features of the new King of the Hill. Following his turn is some GM corporate footage of the 2009 Corvette ZR1.


Source:
Garage419.com

Related:
The New King of the Hill: The 2009 Corvette ZR1
2009 Corvette ZR1 Photo Gallery
First 2009 Corvette ZR1 Heading to Barrett-Jackson

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1998 Corvette Pace CarOur auction results roundup closes for the year with the final results from Mecum’s Kansas City High Performance Auction. The event was held the weekend of November 30th through December 2nd and 22 Corvettes were represented. While the classic Corvette sales were slow with the gavel falling for only two Corvettes, a 1964 and 1969, the majority of the Corvettes sold came from the years of 1975-1982. 12 of the 22 Corvettes were sold for a sales rate of 55%.

Lot Year Model Color High Bid Sell Price
           
S205 1962 Corvette Black $81,000  
S18 1964 Corvette Blue   $29,138
S40 1965 Corvette Maroon $45,000  
S65 1966 Corvette L-72 Black $77,500  
S49.1 1967 Corvette White $61,000  
S152 1968 Corvette Bronze $52,500  
S183 1969 Corvette Red   $19,163
U60 1971 Corvette Green $15,000  
F111 1973 Corvette Yellow $18,750  
S26 1975 Corvette Red $19,000  
S127 1975 Corvette Green   $20,213
U31.1 1976 Corvette Yellow   $11,813
F60 1977 Corvette Red   $10,200
S117 1977 Corvette Ice Blue   $12,600
S109.1 1981 Corvette Red   $9,750
U48 1981 Corvette Silver   $10,250
F127 1982 Corvette Copper   $10,000
F123 1984 Corvette Brown $4,500  
S2 1988 Corvette White   $9,500
F50 1996 Corvette White $17,000  
S114 1998 Corvette Pace Car Purple   $22,838
F122 2001 Corvette Yellow   $26,250

Mecum’s next event is the Kissimmee High Performance Auction held in central Florida January 24-26th. Click here for the current list of consigned cars.


Source:
Mecum Auctions

Related:
Mecum’s St. Charles Auction Produces $2.8 Million in Corvette Sales

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First 2009 Corvette ZR1 Heading to Barrett-Jackson

by Keith Cornett on December 29, 2007

2009 Corvette ZR1In what could only be described (and is being marketed) as the opening salvo in the new muscle car wars, the first 2009 Corvette ZR1 will be offered up for sale at the Barrett-Jackson Collector Car Auction held mid-January in Scottsdale, Arizona. The new King of the Hill will join the Dodge Challenger SRT8 and the Ford Shelby GT500KR on the block as the big three auction off the cars for various charities. The proceeds from the sale of the Corvette ZR1 will go to The United Way while the Challenger and Ford Shelby proceeds go to Not My Kid, Inc. and the Juvenile Diabetes Research Foundation.

Chevrolet says the auction is for the “first retailable” 2009 Corvette ZR1. We are not quite clear if they mean they are sending the Corvette ZR1 that will make its debut at the 2008 Detroit Auto Show the week prior to the auction, or if the buyer gets the first Corvette ZR1 to roll off the production line later next year.

The auction for the ZR1 Corvette will be held on Saturday, January 19th and will be broadcast by SPEED. The Shelby GT500KR will hit the block first at lot number 1300. The Corvette ZR1 will follow as lot number 1316 and the Challenger will wrap up the shootout at lot number 1331.


Source:

Barrett-Jackson Collector Car Auction

Related:
The New King of the Hill: The 2009 Corvette ZR1
2009 Corvette ZR1 Photo Gallery

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Video: Unveiling the 2008 Indy 500 Corvette Pace Cars

by Keith Cornett on December 29, 2007

On December 27th, Chevrolet and the Indianapolis Motor Speedway raised the curtain on two unique 2008 Corvettes that will serve as pace cars for the 92nd Indianapolis 500. The event was held in downtown Indianapolis at the RCA dome. Click the video to watch the unveiling as it happened, as well as listen to the various dignitaries pontificate about the Corvette and its involvement with the greatest spectacle in racing, the Indianapolis 500.

2008 Corvette Indy 500 Pace Car Unveiling


Sources:
Indianapolis 500

Related:
Two Unique Corvettes to Pace the 2008 Indianapolis 500
Corvette’s 2008 Indy Pace Car Unveiling Date Set
Flashback: Corvette Convertible to Pace Indianapolis 500

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Two Unique Corvettes to Pace the 2008 Indianapolis 500

by Keith Cornett on December 28, 2007

Two corvettes, representing the future and past, have been selected to pace the 2008 Indianapolis 500. A customized Z06 E85 Concept allows GM to promote its progress in alternative fuel solutions while the second Corvette pays homage to the first Corvette to ever pace the Indy 500, the 1978 Corvette Pace Car. A 30th Anniversary Commemorative Edition, complete with black and silver graphics will be reproduced as both coupes and convertibles and will have a limited production run of only 500 Corvettes.

This is Corvette’s 10th appearance at the 500 and a record 5th consecutive race serving pace car duties. This race will be unique as it will be the first time that two models have paced the Indianapolis 500 in the same year.

While the E85 concept is intriging, its the 30th Anniversary model that has us stoked. This is perhaps one of the most serious looking pace car designs incorporated since the original scheme 30 years ago. We also like that fact that you can purchase the replica in either Coupe or Convertible configurations, as well as either a 6-speed manual or paddle-shift automatic. This should lead to some interesting variations and quantities when the 500 replicas are produced. Pricing and availability will be annouced at a later date.

     

The official press release from GM:

INDIANAPOLIS Known for their charismatic designs and superior performance, the pack-leading pace cars share a special place in Indianapolis 500 lore. History will be made at the 2008 Indianapolis 500 when a pair of distinctive yet highly differentiated Corvette models will serve as the official pace cars one highlighting Chevrolet’s commitment to fuel solutions and the other marking 30 years of Corvette’s pace car heritage.

Chevrolet and Indianapolis Motor Speedway officials gathered at the Indianapolis Auto Show to make the historic announcement.

One of the pace cars is a customized Corvette Z06 E85 concept that runs on E85 ethanol fuel, a domestically produced alternative fuel similar to the E100 fuel that powers all of the racecars in the IndyCar Series. It will be driven during the race’s pace lap by two-time Indianapolis 500 champion Emerson Fittipaldi.

The other official pace car is a black-and-silver commemorative edition that marks the 30th anniversary of the celebrated 1978 pace car the first Corvette to pace the field at the Indianapolis 500. Chevrolet will produce a total of 500 pace car replicas in both coupe and convertible form, each signed personally by Fittipaldi at the Corvette’s Bowling Green, Ky., assembly plant.

“Although not a production FlexFuel vehicle, the Corvette Z06 E85 concept pace car is a high-performance example of Chevrolet’s gas-friendly to gas-free initiative, demonstrating viable fuel solutions,” said Ed Peper, Chevrolet general manager. “As an ethanol refiner in his native Brazil, Emerson Fittipaldi is the fitting Chevrolet champion to help support GM’s efforts with E85 and celebrate 30 years of the Corvette pacing the Indianapolis 500.”

The 92nd Indianapolis 500 takes place on Sunday, May 25, 2008. It will be the Corvette’s 10th appearance as the official pace car a record unmatched by any other vehicle.

“It’s only fitting that Corvette will be the first car to earn the distinction of having two models pace the Indianapolis 500 in the same year,” said Joie Chitwood, Indianapolis Motor Speedway president and chief operating officer. “Chevrolet and Corvette are a vital part of the rich history of “The Greatest Spectacle in Racing,” and we’re honored to have a great champion of the race and of alternative fuels, Emerson Fittipaldi, as this year’s pace car driver.”

Corvette Z06 E85 concept
The Corvette Z06 E85 concept pace car is based on the production Z06 already one of the fastest and most powerful cars on the market and blends its performance with the high-octane, renewable alternative fuel that is derived from a variety of crops grown across the United States.

E85 is blend of 85 percent ethanol and 15 percent gasoline. Its benefits include reduced emissions of greenhouse gases and a reduced dependence on petroleum. GM is the leader in E85 production models, with more than 2.5 million E85-capable cars, trucks and SUVs on the road with more on the way. Chevrolet offers seven E85-capable models in 2008.

Apart from the fuel system and powertrain controller revisions required to run E85, the Z06 concept pace car is mechanically stock. It is distinguished by a unique Gold Rush Green color-shifting paint scheme that changes between hues of green and gold when viewed from different angles and in different light. A subtle checkered flag pattern also is part of the paint scheme. Safety equipment and strobe lights are the only other equipment added to the car.

Emerson Fittipaldi: ambassador of racing and ethanol
After winning the Indianapolis 500 in 1989 and 1993 while driving for Chevrolet and spending 30 years in his native Brazil as a refiner of ethanol Emerson Fittipaldi is the perfect ambassador to lead the Indianapolis 500 in an E85-powered Corvette Z06.

“Most of the vehicles in Brazil are powered by ethanol produced from crops grown in the country, so I understand how a domestically produced renewable fuel can help the energy solutions of a nation,” Fittipaldi said. “And the E85-powered Z06 concept pace car proves economic and environmental consciousness can be fun and exhilarating. I can’t wait to get it on the racetrack.”

Fittipaldi, whose personal cars include a Corvette Z06 and a Camaro awarded after winning the 1993 Indianapolis 500, resides in both Florida and Brazil. He has interests in several Brazilian ethanol companies and is an ardent champion of ethanol as a viable alternative to gasoline.

Brazil the fifth-largest country in the world is a global leader in ethanol usage in automobiles. Approximately 70 percent of Brazilian new cars are equipped with FlexFuel systems that allow the use of a gasoline/ethanol mix or pure ethanol. Ethanol production has grown tremendously during the last three decades and has allowed the country to practically wean itself completely from imported oil.

30th Anniversary commemorative edition
Commemorating one of the most recognizable Indianapolis 500 pace cars, the Corvette 30th Anniversary Pace Car features a black exterior with silver graphics that honors the 1978 model the production replicas of which became instant collectibles and continue to stand as an iconic symbol of Corvette’s heritage at the front of the Indy field.

In addition to the exterior color scheme, the anniversary models are equipped with a special, two-tone titanium-color interior, with the Indianapolis 500 logo embroidered on the seats. Coupe and convertible models are available. Each replica will be personally signed and numbered by Emerson Fittipaldi.

Both the coupe and convertible come equipped with Corvette’s 3LT option package, Z51 performance package and dual-mode exhaust. Additional features include:

  • Choice of six-speed manual or six-speed paddle-shift automatic transmissions
  • LS3 small block V8 with 436 hp
  • New-for-2008 forged chrome five-spoke aluminum wheels
  • Corvette Z06 rear spoiler
  • Silver checkered flag graphics
  • Indy 500 logo fender badges

More information on pricing and availability will be announced a later date.

Corvette at Indy
The 2008 edition of the Indianapolis 500 represents Corvette’s 10th time as the official pace car and a record fifth-consecutive year and Chevrolet’s 19th time as the manufacturer selected to lead the field. Corvette’s pace years and details include:

  • 1978 Driven by 1960 race winner Jim Rathmann; Chevrolet produced 6,502 production replicas
  • 1986 Driven by famed pilot Chuck Yeager; all 7,315 production convertibles were considered pace car convertibles and included official graphics (to be installed at the owner’s discretion)
  • 1995 Driven by then Chevrolet General Manager Jim Perkins; 527 production replicas produced
  • 1998 Driven by 1963 race winner Parnelli Jones when an injury prevented golfer Greg Norman from performing the duty; 1,158 production replicas produced
  • 2002 Driven by actor Jim Caviezel; no production replicas produced but graphics were available through SPO approximately 300 sets sold
  • 2004 Driven by actor Morgan Freeman; no production replicas produced
  • 2005 Driven by General Colin Powell; no production replicas produced
  • 2006 Driven by cycling champion Lance Armstrong; first Corvette Z06 pace car; no production replicas produced
  • 2007 Driven by actor Patrick Dempsey; 500 production replicas all convertibles
  • 2008 Driven by Emerson Fittipaldi; 500 production replicas coupes and convertibles

The Indianapolis 500 is the largest single-day spectator sporting event and the most prestigious auto race in the world. “The Greatest Spectacle in Racing” has been run every year since 1911 at the Indianapolis Motor Speedway, except for the periods during the United States participation in world wars in 1917-18 and 1942-45. The winner of the 92nd Indianapolis 500 will earn racing immortality, a spot on the famed Borg-Warner Trophy and a record winner’s purse of at least $2.5 million.

General Motors Corp. (NYSE: GM), the world’s largest automaker, has been the annual global industry sales leader for 76 years. Founded in 1908, GM today employs about 280,000 people around the world. With global headquarters in Detroit, GM manufactures its cars and trucks in 33 countries. In 2006, nearly 9.1 million GM cars and trucks were sold globally under the following brands: Buick, Cadillac, Chevrolet, GMC, GM Daewoo, Holden, HUMMER, Opel, Pontiac, Saab, Saturn and Vauxhall. GM’s OnStar subsidiary is the industry leader in vehicle safety, security and information services. More information on GM can be found at www.gm.com.


Sources:
General Motors via Autoblog.com

Related:
Corvette’s 2008 Indy Pace Car Unveiling Date Set
Flashback: Corvette Convertible to Pace Indianapolis 500

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Corvette: The 2007 Year in Review

by Keith Cornett on December 27, 2007

There was much afoot for Corvette in 2007. Three special edition Corvettes were unveiled to buyers both domestically and in Europe. We saw the regular production Corvette break through to new levels in performance, specifically with the introduction of Corvette’s LS3 460 hp V8 engine on the 2008 Corvette. But the biggest news of the year comes from the introduction of the 2009 Corvette ZR1. With the amount of hype and speculation surrounding the blue devil/SS/ZR1 Corvette in 2007, this summary of news events could have easily been called “2007: The year of the Corvette ZR1″ due to the amount of coverage that any tidbit or spy photo of the Blue Devil/SS/ZR1 generated. But there is more to Corvette than just the ZR1. Check out our annual Year in Review for more on America’s Sports Car:

January

The renewal of Chevrolet’s Trademark on the ZR1 opens the door to speculation about the official name of the Corvette’s Blue Devil project. The National Corvette Museum celebrated the 10th anniversary of the unveiling of the 1997 Corvette, the first of the C5 Corvettes. Bob Lutz comments on horsepower war with the Dodge Viper SRT10 and throws down the challenge about how important it is for the Corvette “to be the most powerful, most capable, best handling sports car in the United States.” Corvette Racing announces they will be back in 2007 to defend their ALMS crowns despite the lack of a serious competitor in the GT1 class. The Last Sting Ray sold for $660,000 at the Barrett-Jackson Collector Car Auction in Scottsdale. Callaway’s production C16 coupe debuts at the Montreal Auto Show. Corvette was unveiled as the 2007 Daytona 500 Pace Car.

February

GM Simultaneously confirms production of two limited edition Corvettes: The Ron Fellows ALMS GT1 Championship Corvette Z06 and a replica of the 2007 Indianapolis Pace car. GM Europe launches a special “Lemans Victory” Edition Corvette for European Corvette buyers. The Ron Fellows Z06 and the Indy 500 replica Corvette Pace Car make their first appearance at the Chicago Auto Show. Bob Lutz confirms the Blue Devil Corvette will be headed for showrooms in the summer of 2009 as a 2010 Corvette. The Blue Devil Corvette becomes known now as the Corvette SS. An shipping company employee takes close up photos of the Blue Devil/SS Corvette and posts them online. He is subsequently fired.

March

Corvette finishes first in class and second overall in Consumer Report’s Owner Satisfaction Survey. Rick Conti moves from Spitzer Chevrolet to EVS Chevrolet in Random Lake, Wisconsin. Corvette Racing’s C6.Rs finished first and second at the 12 Hours of Sebring. One of the Corvettes is a replica of the special edition Ron Fellows Z06 Corvette. Mid America Motorwork’s Mike Yager named to the Top 50 Car Collector List.

April

Gavin/Beretta win the GT1 class at St. Petersburg. GM Europe launches the Corvette Performance Academy. Two new colors for the 2008 Corvette are introduced. They are Jetstream Blue Metallic and Crystal Red Metallic. Gavin/Beretta win third straight at Long Beach. O’Connell/Magnussen claim the checkered flag at the Lone Star Grand Prix in Houston. GM releases official information about the 2008 Corvette. Changes included a new LS3 engine with base horsepower output of 430 and a refined interior.

May

Popular Mechanics captures spy photos of a red Corvette Blue Devil/SS mule. A week later two new spy photos show the hood of the Blue Devil/SS Corvette having a polycarbonate see-through panel. Source Interlink purchases PRIMEDIA’s Enthusiast Media group which includes Corvette Fever and Vette Magazines. Speculation runs about a 4-door Corvette after an “off-the-cuff” remark from Bob Lutz. Actor Patrick Dempsey piloted the 2007 Corvette Indianapolis 500 Pace car during the 91st running of the Indianapolis 500. Proteam Corvette’s Terry Michaelis starts his own Corvette Blog.

June

The 2007 Corvette Convertible won its class in the Strategic Vision Total Quality Index awards. A 1953 Corvette sells for $440,000 at the McMullen Auction outside Detroit. Vette Dog’s internet TV show featuring Patrick Gramm of DigitalCorvettes.com makes its debut. Corvette Racing takes to LeMans for defense of its GT1 crown. The #64 Corvette C6.R dropped out early in race while the #63 Corvette was able to finish the rain-plagued course in Second place. Pricing for the 2008 Corvettes is announced by GM. Bloomington Gold Auction tops $8.2 Million in Corvette Sales. Corvette enthusiasts nationwide celebrate Drive Your Corvette to Work Day. Final 2007 Corvette figures are released.

July

Gavin/Beretta rebound from LeMans DNF to win Lime Rock. LG Motorsports dynos the 2008 Corvette with the new LS3. Popular Mechanic’s Jim Dunne publishes his “Corvette SS Myths Debunked” article. The Corvette is rated by AskMen.com as a Top 10 American Invention. Internet Brands purchases the CorvetteForum.com for an undisclosed amount. Members become angry when Google ads start showing up in their posts. Gavin/Beretta win at Mid-Ohio. The Corvette Z06 is chosen at the pace car for the Allstate Brickyard 400. Corvette’s finish First and Third at the Circuit du Spa Francorchamps in Belgium.

August

Motor Trend hits the streets with their 2008 Corvette test drive edition. Corvette win at Road America. Autoextremist’s Peter De Lorenzo rants about how GM may greenlight a Mid-Engined C7 Corvette. A powerful storm moved through Pennsylvania, striking the fairgrounds where Corvettes of Carlisle was held, causing havoc and leaving several with injuries. In other Corvettes at Carlisle news, sales results of the new in-house Corvette auction are lackluster as only 32% of Corvettes in auction are sold. O’Connell and Magnussen win at Mosport. A third Corvette Racing team featuring Fellows and Pilgrim finished third. During a string of auctions held in conjunction with the Pebble Beach Concours d’Elegance, $2.5 million worth of Corvettes were sold. Popular Mechanics published spy photos of the Blue Devil/SS Corvette, this time painted in Velocity Yellow.

September

Motor Trend announces that the Blue Devil/SS Corvette will be badged as the ZR1 and will be introduced at the 2008 Detroit Auto Show. Spy Photographer Brenda Priddy captures the Blue Devil/SS/ZR1 on video for the first time. The video makes it appearance at FastLaneDaily.com. 300 Corvettes were displayed on the retired USS Lexington aircraft carrier in Corpus Christi. The event raised nearly $60,000 for charity. Picket Lines form outside the Bowling Green Assembly Plant as UAW workers are ordered to strike. The walkout ends two days later as GM and UAW reach agreement on healthcare and job security. Keith Martin launches a specialty magazine called “Keith Martin’s Corvette Market”. The quarterly magazine focuses on the collecting and investment aspects of Corvettes. Wayne Scraba steps down as editor of the NCRS Corvette Restorer magazine. Vette Dogs wraps production following 10 episodes. Season Two is promised featuring new characters.

October

The GM/UAW deal opens the door to much speculation including the year of introduction of the C7 Corvette (2012) and new features of the C7 that include all wheel drive and a dual-clutch transmission. Kappa platform production will also shift to the Bowling Green Assembly Plant as part of the GM/UAW deal. Gavin/Beretta clinch GT1 Championship with a victory at Petit LeMans at Road Atlanta. Lou Gigliotti and Bill Riley announce they will field an ALMS GT2 C6 Corvette in 2008. Kentucky State Representative C.B. Embry files a bill proclaiming the Corvette as the official sports car of Kentucky. Bad Boy Vettes convinces Corvette Racing for a makeover for final race of the 2007 ALMS schedule. The repaint features mascot Jake on the sides and hoods of the two Corvette C6.Rs. Mecum’s St. Charles auction produces $2.8 million in Corvette Sales. Included in the sale was a 1967 427/435 L71 which sold for $393,750 and a 1968 L88 Corvette which took the top sales price at $446,250. A yellow Corvette ZR1 makes an appearance at Laguna Seca raceway in Monterey. The one-lap around the track was the subject of blog posts and forum conversations for days. Gavin/Beretta win the battle of the C6.R Corvettes at Laguna Seca. Ron Fellows wins fans choice as ALMS Most Popular Driver. Jay Leno’s E85 powered Corvette C6RS steals the show at SEMA. A limited production version is announced for 2008.

November

American Supercar’s 1963 Twin Turbo V7 was introduced at SEMA. Another 1953 Corvette sells for $440,000 at Hilton Head’s Concours d’Elegance. Corvette Racing puts the #3 Corvette C6.R up for sale. Selling Price? $650,000. The Z06 Corvette was chosen to pace the 50th Anniversary race of the Daytona 500. In acknowledgement of the golden anniversary, the Corvette Z06 Pace car is decked out in “Anniversary Gold” with Red, White and Blue racing stripes. Several Auto Blogging sites including Jalopnik run GM promotional photos of the new LS9 6.2L V8 that will power the Blue Devil/SS/ZR1. The National Corvette Museum begins its $9 million expansion that will ad 47,000 sq ft to the facility. The addition will include a library and archives area, expanded gift show and conference center.

December

Several significant Corvettes sell at the Wiseman Auction in Tarpon Springs, Florida. A 1955 Corvette owned by Zora Arkus-Duntov sells for $134,750 and a matched set of Corvettes, #39 1953 Corvette, #39 2003 Corvette, and a #39 Corvette pedal car, sell for $390,500. A 1965 Corvette cutaway display sells for $704,000. Corvette Quarterly shows the video that was taken from inside in the Corvette Blue Devil/SS/ZR1 during October’s hot lap of Laguna Seca. Corvette Racing announced that they will return to defend their ALMS crowns in 2008. The 2009 Corvette ZR1 is officially announced. The groundbreaking Corvette is expected to generate 620 horses and cost around $100,000. Those two final details are expected in early 2008.


Related:
Corvette: The 2006 Year in Review

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