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1993 Corvette 40th Anniversary Coupe

I present this video from Mecum’s Muscle Cars and More April 26th auction for two reasons. The first is that the commentators are absolutely correct in saying Corvettes like this 1993 40th Anniversary Edition are a great way for get started in the Corvette hobby. They represent value and performance and should be nearing the end of declining prices. That being said, I wish I was in Indy with a bidder’s card when this Corvette stalled and then was hammered for $11,000.

The 40th Anniversary Ruby Red Coupes was a popular choice in 1993 with 6,749 out of 21,590 produced. This Corvette Coupe appears to be in regular driver condition and features the very reliable LT1 350 ci 300 hp V8 mated to a 4-speed automatic transmission.

Our Corvette Price Guide puts the average value of the 1993 Anniversary Coupe at $17,900 and while we show this model still depreciating at 4% per year, $11,000 for this Corvette is a great buy.


Source:
Mecum Auctions
HD Theater

Related:
[VIDEO] Mecum Auction Results: 1963 Corvette Z06 Tanker

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The 2009 Corvette ZR1

Corvette’s Chief Engineer Tadge Juechter hosted a chat on the GMNext.com website this afternoon to discuss the 2009 Corvette ZR1 so we made sure not to miss it! What did we learn from the Corvette Chief today? Plenty. Tadge touched on a variety of subjects relating to the Corvette ZR1 including early concepts to the engineering challenges faced by the team. Continue reading for more of Tadge’s comments plus the complete chat transcript.

Tadge was asked about the fuel economy testing and he said all that would be happening within the next couple of months. The consensus from Team Corvette is that they are expecting the fuel economy ratings to be somewhat less than the Z06, and according to Tadge, GM is also expecting the Corvette ZR1 to be subject to the gas-guzzler tax, albeit a small tax.

On the subject of the much debated polycarbonate window hood, Tadge said the reason for its inclusion was two-fold. “We minimized the clearance between the engine and the hood to maximize forward vision from the driver’s seat. This dictated a very close tolerance between engine and hood skin. Design helped make this need an aesthetic ‘win’ also by covering the intercooler with the transparent panel. You can see the engine move under the hood and since we have only a thin pane of polycarbonate, the hood surface is very low.”

As for the naming of the ZR1, GM once again turned to heritage. “The reason we named this model the ZR1 is because this version is virtually the same as the C4 ZR1. Both ZR1s introduced new engine technology to the Corvette while the C4 ZR1 was the first multi-valve engine in a Corvette and the C6 ZR1 is the first super-charged engine in a Corvette. Also, philosophically, both cars represent the top of the Corvette line. In other words, the ultimate Corvette. Max performance both on the track and on the street and fully contented.”

The chat forum is an excellent opportunity for GM staff to interact with owners and enthusiasts and we encourage them to continue the chat series with other members of the Corvette team. Turnout was a lot lower than I expected with the number of participants reaching a high of 18. Still, we appreciate the fact that Tadge and the other GM members provided a very interesting and enlightening afternoon event.

Finally, GM has set up a dedicated Corvette ZR1 area at www.ZR1.GMNext.com The mini-site includes photos, videos and the history of America’s favorite supercar. They also have set up a mobile ZR1 news alert function. To subscribe, text ZR1 to 466398 for exclusive ZR1 news and information delivered directly to your cell phone.


Here is the entire chat transcript:

Vince Muniga – GM:
Hello Corvette fans. I’m Vince Muniga and I’ll be moderating this chat session today. Today’s chat will be with Tadge Juechter. Tadge is the Vehicle Chief Engineer for the Corvette ZR1 and he is excited to be taking your questions today. Today is the first in a series of chats around the ZR1 and will focus on the name and history behind the car. To see the ZR1 hit 205 mph at the test track, check out Tadge’s blog at http://blog.gmnext.com/?p=133. We’ll get started right at 3 p.m. EST.

Vince Muniga – GM:
O.K., let’s get started with the first question

CorvetteBlogger:
What’s the target production for 2009?

Tadge Juechter:
Hello Corvette fans!

Tadge Juechter:
Production will start this summer and we can produce approximately 2000 ZR1s per year for the world.

CDINGERS:
Tadge – Great Presentation at the C5 – C6 Bash. Is there any way to post a copy of the presentations?

Tadge Juechter:
We are not posting those presentations at this time. However, many of the slides were photographed and posted by others.

RobertNH:
Tadge, can you tell us what the expected fuel mileage will be for the ZR1 and whether or not it will be subject to a gas guzzler tax?

Tadge Juechter:
We have not run our fuel economy testing yet. It will be somewhat less than a Z06 and we expect a small gas guzzler tax. However, the ZR1 will be the most fuel efficient 600 hp car you can buy in the world.

CDINGERS:
What changes to the ZR1 LS3 block will carry over to the production LS3? Oil Squirters, 11mm head bolts, etc.

Tadge Juechter:
The block structural improvements and the improvement in bay to bay breathing will be included in LS3 blocks for 2009.

RobertNH:
How is the overall vision of the C6 ZR1 different from the overall vision of the C4 ZR1?

Tadge Juechter:
The reason we named this model the ZR1 is because this version is virtually the same as the C4 ZR1. Both ZR1s introduced new engine technology to the Corvette while the C4 ZR1 was the first multi-valve engine in a Corvette and the C6 ZR1 is the first super-charged engine in a Corvette. Also, philosophically, both cars represent the top of the Corvette line. In other words, the ultimate Corvette. Max performance both on the track and on the street and fully contented.

RobertNH:
Any plans to take on the World Speed Endurance Record like the 1990 ZR-1 did?

Tadge Juechter:
As you probably saw, we announced the top speed (2 way, 1 mile average) as 205 mph. The ZR1 has also been extremely durable in our testing, so the car certainly has the potential to take the World Speed Endurance Record. However, we are currently focused on a perfect launch and getting the ZR1 into production. We will talk about record attempts later.

CorvetteBlogger:
GM renewed the ZR1 trademark in late 2006. When was the decision made to call the “Blue Devil” the ZR1 and were any of the names that showed up in the automotive press (ZL1, Z07, SS, Stringray) ever considered?

Tadge Juechter:
The ZR1 naming decision was finalized in September 2006. We considered a lot of alternatives, but once we settled on the ZR1 and saw the graphics and badges that design had come up with, we knew that it was the right direction to go.

CDINGERS:
Do you have an time line of when pricing, 1/4 mile times, results from the “loop” will be available?

Tadge Juechter:
We expect to announce pricing in May and all performance numbers will be run with production vehicles over the next two months.

RobertNH:
From an engineering standpoint, what was one of the most difficult aspects of the 2009 ZR1 to bring to production?

Tadge Juechter:
Managing underhood and underbody temperatures was the biggest challenge for the engineering team. Keeping the inlet air cool through the intercooler (a big contributor to power) was especially challenging.

CorvetteBlogger:
Did Pratt & Miller/Corvette Racing play any role in the development of the ZR1?

Tadge Juechter:
Yes. We used Pratt & Miller’s analytical capability extensively for optimization of aerodynamics and brake cooling.

CDINGERS:
When did the program / vision start? There was a comment at the bash about 6 years ago.

Tadge Juechter:
Concepts were talked about as early as June 2001.

CorvetteBlogger:
Tell us about the debate (if any) regarding the inclusion of the see-through hood panel? Was it strictly cosmetic or is there another purpose like fit?

Tadge Juechter:
The hood window is both an aesthetic and funtional feature. We minimized the clearance between the engine and the hood to maximize forward vision from the driver’s seat. This dictated a very close tolerance between engine and hood skin. Design helped make this need an aesthetic “win” also by covering the intercooler with the transparent panel. You can see the engine move under the hood and since we have only a thin pane of polycarbonate, the hood surface is very low.

CDINGERS:
Will the ZR1 go forward as a C7 as the Z06 did?

Tadge Juechter:
It is too early to say anything about C7. When we get to C7, of course we will consider a ZR1 model.

CorvetteBlogger:
When building a car like the ZR1, how much input comes from customers during the development period?

Tadge Juechter:
Our team attends a lot of Corvette events as well as monitoring Corvette forums and anytime we ask Corvette enthusiasts what they’d like to see in a new Corvette, the number one answer is more horsepower. Many of us on the Corvette team are also Corvette owners and enthusiasts.

CDINGERS:
How much total weight was saved by the use of carbon fiber?

Tadge Juechter:
The visible carbon fiber roof panels saved 6.6 pounds. The ZR1 hood weighs 7.5 pounds less than the Z06 hood. We concentrated lightweight materials in the front and height of the vehicle to lower the center of gravity and improve weight distribution.

RobertNH:
Is there a particular engineering feature, or aspect, that you and/or Corvette Engineering were hoping to see go into production on the 2009 ZR1, but due to cost or timing constraints was not possible?

Tadge Juechter:
No, we are very happy with the final production execution of the ZR1. Actually, our final power numbers exceeded our original projections.

CorvetteBlogger:
Will we see ZR1 specific options be made available for the Z06 ie carbon ceramic brakes and michelin tires?

Tadge Juechter:
There are no plans at this time.

CDINGERS:
How much additional downforce is generated by the ZR1 wings over the current Z06

Tadge Juechter:
ZR1 aerodynamic features add approximately 30 percent more downforce in the front and 45 percent more on the rear.

RobertNH:
Why was the decision made to go with Michelin rather than Goodyear for OEM tires?

Tadge Juechter:
We always pick the supplier that can produce the best product. Both Michelin and Goodyear submitted excellent proposals. However, Michelin’s was superior.

Tadge Juechter:
To go back to an earlier question on mass savings, the ceramic brakes saved 2 kilograms per corner over the Z06 and five kilograms per corner versus a similar capability iron brake system.

RobertNH:
There’s been a lot of misconception in the press about the cost of the product used in the carbon fiber clear coat. I understand that a very small percentage of this product is used in the clearcoat. How much of this product is used per car and can you say exactly what the product is that prevents UV degradation of the carbon fiber?

Tadge Juechter:
The protective material is proprietary to General Motors. It was developed to protect circuit boards from environmental corrosion. It is mixed in a three percent solution into the clear coat. The material itself does cost $60,000 per gallon. The resulting clear coat mixture costs $2,000 per gallon. Approximately one half gallon of the clear coat is applied to the carbon fiber panels on each car.

CorvetteBlogger:
Was there a specific competitor’s model that was used as a benchmark against the ZR1 during development?

Tadge Juechter:
No specific competitor’s vehicle was targeted. Instead, we continued the evolution of the car to its most extreme capability. And thanks to input from a lot of you customers, we think we’ve built the car of your dreams.

RobertNH:
What are differences between the MSRC system on the ZR1 and the MSRC system on the base model and will the changes or refinements seen on the ZR1′s system trickle down to the base model?

Tadge Juechter:
The second generation MSRC dampers were introduced last year for the 2008 model year. They are specifically tuned this year for ZR1 duty along with the springs and the largest stabilizer bars ever put on a C6.

CDINGERS:
In the painting process is the new carbon fiber clear coat applied to the entire car or just the carbon fiber parts?

Tadge Juechter:
Just the visible carbon fiber parts.

RobertNH:
Will GM Service Technicians need to undergo any special training to service the ZR1 and will special tools need to be used to conduct engine work like they were for the LT5 engine?

Tadge Juechter:
Yes. Like the Z06, the ZR1 has enough specialized content that some additional training will be required. It will not be nearly as complicated as the C4 ZR1 or the C4 LT5.

CorvetteBlogger:
What were your thoughts when you saw the first production ZR1 sell for $1 million at Barrett-Jackson in January?

Tadge Juechter:
H-o-l-y #$%@! haha

Tadge Juechter:
You all may be interested in other 2009 product enhancements such as variable ratio steering, and Bosch brake apply hardware for all Corvette models.

RobertNH:
When the 2009 ZR1 was originally conceptualized, was there a target market that GM had in sight, for example, Ferrari/Porsche owners, etc?

Tadge Juechter:
The Z06 showed that we could compete with much more expensive models from the other makers. The ZR1 raises the bar even higher.

CDINGERS:
Tell us more about the Boach Brakes for 2009

Tadge Juechter:
All Corvette models will be getting Bosch-produced brake master cylinder, booster and ABS module. These parts replace Delphi sourced material from prior years. All models get refined calibration of ABS traction control and stability systems for 2009. We are showing improvements in all areas including stopping distance.

RobertNH:
Due to the immense power of the ZR1 and the need to try and keep it planted, was an all-wheel drive system ever considered during the development phase of the car?

Tadge Juechter:
No, all-wheel drive would have added too much mass. I believe we are the lightest 600 hp car you can buy. We focus on power-to-weight ratio and maximizing traction in a real-wheel drive configuration.

lt5405:
Will Chevrolet intervene in Dealer price gouging?

Tadge Juechter:
We’re strongly encouraging dealers to charge MSRP.

RobertNH:
Well, I think I’m actually out of questions. Thank you Tadge for taking the time to chat with us and provide the information you did. The 2009 ZR1 is fantastic and I’m hoping that someday I can park one next to my 1990! Keep up the great work!

Tadge Juechter:
Thanks for your questions. I hope you get that ZR1, too. We think it will exceed your expectations.

Vince Muniga – GM:
Thank you for joining Tadge on today’s chat and all the great questions. We’re sorry we couldn’t get to all your questions and we’ll certainly try to answer the questions in further chats. If you’d like a transcript of today’s chat, it will be posted on GMnext.com later this week. For a complete look at the ZR1 including photo, videos and the history of America’s favorite supercar, visit www.ZR1.gmnext.com. You can also text ZR1 to 466398 for exclusive ZR1 news and information delivered directly to your cell phone. Thanks again!

CorvetteBlogger:
Awesome job on the ZR1. Please let everyone know in the project that their efforts are appreciated.

Tadge Juechter:
Thanks for joining us!


Source:
GMNext.com

Related:
[VIDEO] GM Releases Official Corvette ZR1 Specs: 638 hp and 205 mph
[VIDEO] Interview with Corvette Chief Engineer Tadge Juechter

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Corvette ZR1 Live Chat with GM’s Tadge Juechter

by Keith Cornett on April 28, 2008

The 2009 Corvette ZR1

Corvette’s Chief Engineer Tadge Juechter will be online on Tuesday at 3pm EST on GMNext.com to answer your questions in a live chat format. For those of us that missed hearing Tadge discuss the new Corvette ZR1 at the C5/C6 Bash this weekend, this will be an excellent opportunity to discuss the most powerful Chevrolet ever made with Corvette’s Chief Engineer.

We are told the Chief will be taking questions about the history of the ZR1 and how it got its name. Whether or not we can stray from those topics will remain to be seen.

To join the chat, visit GMNext.com and register on the site. The chat will be held Tuesday, April 29th from 3:00-4:00 pm EST.


source
GMNext.com

Related:
[VIDEO] GM Releases Official Corvette ZR1 Specs: 638 hp and 205 mph

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2008 Corvette Coupe
The C5/C6 Bash at the National Corvette Museum has wrapped for another year and as is generally the case, there was some interesting news coming straight from the folks at GM. This preliminary 2008 Corvette Model Year Data slide was presented in one of GM’s forums at the Museum over the bash weekend. The data is from start of production through April 2nd and shows the production numbers for each model as well as some of the more popular options with model penetration.
Corvettes Produced Amount Percent  
       
Coupes 15,927 57%  
Convertibles 6,166 22%  
Z06 Hardtops 5,779 21%  
  _______ _______  
Total 27,872 100%  
       
       
Options Coupe Convertible Z06
       
1LT 30%    
2LT 14% 10%  
3LT 51% 83%  
4LT 5% 7%  
1LZ     6%
2LZ     74%
3LZ     19%
       
CC3 – Transparent Roof 18%    
C2L – Dual Roof Pkg 15%    
       
MX0 – 6-Speed Auto Paddle 66% 77%  
F55 – Selective Ride Control 13% 23%  
Z51 – Performance Package 38% 37%  
U3U – Stereo/XM/Nav 32% 58% 77%
NPP – Dual Mode Exhaust 47% 57%  
QG7 – Polished Aluminum 20% 19%  
QX3/Q9V – Chrome 41% 63%  
QX1 – Gray Painted Aluminum 6% 2%  
QL9 – Z06 Base     11%
Q44 – Z06 Painted     5%
Q76 – Z06 Chrome     71%
       
Despite our penchant for stressing out over the latest monthly sales numbers, production appears to be moving along at a clip reminiscent of the 2006 model year when just over 34,000 Corvettes were produced. With the preliminary sales data showing 27,872 through April 2nd, conservatively estimating production at 2,500 units per month over the next two and half months puts us over the 34,000 mark.
Source:
CorvetteConti.com Related:
Final 2007 Corvette Production Numbers Technorati Tags:
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CorvetteBlogger.com Weekly Advertiser Drive-By

by Keith Cornett on April 26, 2008

CorvetteBlogger.com would like to thank these great companies for their ongoing support. When we launched our advertiser program a couple months ago, it was important for us to target only the finest companies with the best reputations in each category because we feel they could support our readers better than anyone else. Click here if you are interested in becoming an advertiser.

Bondurant School of High Performance Driving
If you want to leave to drive like the best, then you should learn from the best. Bob Bondurant and his instructors can teach you the advanced driving skills you need, whether you are a beginner looking for a thrill or professional that needs some skills sharpened on the 60 acre purpose-built racing track. Bondurant is the official driving school for General Motors and features a fleet of Corvette Coupes and Z06s. Call Bob Bondurant’s School of High Performance Driving at 800-842-RACE or visit online at www.Bondurant.com


Kerbeck Corvette
When you’re the world’s largest new Corvette dealer, you’re obviously doing something right. Dave Salvatore and his group go the extra mile to make sure that you get the Corvette of your dreams at the best available price. And with one of the largest allocations of Corvettes on the planet, there’s no need to look anyplace else. Call Dave at 877-537-2325 or visit online at www.KerbeckCorvette.com.


Proteam Corvette
If we had name one word that describes Proteam Corvettes and their collection of over 150 classic Corvettes, we would say “Quality”. Terry Michaelis buys only the finest Corvettes and brings them home to his climate controlled showrooms in Napolean, Ohio and Auburn, Indaian. Many of the Corvettes have been restored to like new condition and have been vetted with certification through Bloomington Gold and the National Corvette Restorers Society. If you’re in the market for a stunning classic, rare collectible or investment quality driver, call Proteam at 888-592-5086 or visit online at www.ProtreamCorvettes.com.


VetteFinders.com
CorvetteBlogger.com wouldn’t exist without the help and support we received from our sister site, VetteFinders.com. Founded in 1996 as the Internet’s first Corvette only classifieds website, VetteFinders.com has helped thousands of people buy and sell their Corvette. Come view the online classifieds and see over 500 New, preowned and classic Corvettes for sale. And if you need to sell your Corvette, now is the time and VetteFinders.com is place. Ads start at just $25 and run until sold. You can place unlimited photos and your ad will be seen by thousands of quality buyers. Call 877-608-3883 or visit online at www.VetteFinders.com

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The 6.2L Supercharged LS9 V8

We had a feeling GM was sandbagging us with the production specs of the 2009 Corvette ZR1 back in December. 620 horses is equal to one hundred horsepower per liter they told us. Revised specs in the Spring, we heard. Well, it’s unveiling time at the Museum’s C5/C6 Bash and GM finally makes the Supercharged LS9 6.2L V8 power specs official: The new 2009 Corvette ZR1 produces 638 horsepower and 604 lb-ft of torque.

The LS9’s output is nearly 103 horses per liter, or just about 1.7 horses for each of the engine’s 376 cubic inches. It is unquestionably the most powerful automotive production engine ever manufactured by General Motors and enables the Corvette ZR1 to achieve a top speed of more than 200 mph (322 km/h).

So what does the view look like at over 200 mph? Watch the video below and you’ll see the Corvette ZR1 hitting 205 mph on a test track in Papenburg, Germany. The Corvette is on what looks like a two lane highway when the hammer is dropped. When a high bank corner comes in view the ZR1 slips effortlessly around it, making the other cars on the track look like they’re standing still. What’s amazing is how smooth the ride appears to be. Watch the steering wheel at 200 mph and there’s barely any movement.

There are only a couple of pieces to puzzle remaining that we still don’t have answers for, including the all important “How Much?”. The other is mostly unimportant to the buyer of a Corvette ZR1: city/highway gas mileage ratings. For what its worth, GM’s engineers are confident the ZR1 will be the most fuel-efficient 600-plus-horsepower car on the market.

Finally, mark your calendars for July 14th as that is the start of production for the greatest American sports car the world has ever seen.


Source
GM.com

Related:
Corvette ZR1′s Supercharged LS9 Nominated for Engine of the Year Award
The 6.2L LS9 V8: Heart of the 2009 Corvette ZR1

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The End of the 2008 Corvette is Near!

by Keith Cornett on April 24, 2008

The sun sets on the 2008 Corvette Model Year

The opportunity for you to custom order a 2008 Corvette is rapidly coming to an end. Chevrolet dealers received their final allocations this week and you will need to act fast as this is the final week to get your order placed. Corvettes ordered this week will be built the week of May 19, 2008.

The 2008 model year for Corvette will come to a close on June 20th. The plant will be idled for three days as its prepped to produce the 2009 Corvette. Production on the 2009 is slated to begin June 23rd for Coupe, Convertible and Z06. ZR1 Corvette production is expected to start three weeks later on July 14th.

Constraints this week include:

  • QX3 Chrome Wheels
  • 67U Machine Silver
  • Z44 427 Limited Edition Z06
  • Z4Z Corvette Pace Car

As our sales analysis on the Indy 500 Corvette Pace Car indicated, dealers that took a chance and ordered the Corvette will have in stock and available in early May.

If you’ve already picked out your Corvette but have yet to decide on a dealer, contact Dave Salvatore at Kerbeck Corvette, the world’s largest Corvette dealer at 1-877-537-2325. Dave can help you navigate through the buying process and your Corvette can be delivered anywhere including the National Corvette Museum.


Source:
Kerbeck Corvette

Related:
Sales Analysis: The 2008 30th Anniversary Indy 500 Corvette Pace Car Replica
GM Announces Production Dates for 2008/2009 Corvettes

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[VIDEO] New Corvette Pace Cars Hit The Indy 500

by Keith Cornett on April 23, 2008

Running the Brickyard in a 2008 Indy 500 Corvette Pace Car

“Welcome to the adult version of Christmas.” That’s what one speaker calls the day when the keys to all those Indy 500 festival cars are passed out. IGotShotgun was at the Indianapolis Motor Speedway for the 500 Festival Committee Meeting which culminates in members receiving the keys to their very own 2008 Indy 500 Corvette Pace Car and then taking them for some laps around the speedway.

We counted at least 50 of the 30th Anniversary Indy 500 Corvette Pace Cars and to see them lined up on the fabled brickyard is something special. The E85 Concept Corvette Z06 was also at the track showing what it can do.

Some of the dignitaries went for a hot lap with 2-time 500 Winner and this year’s official pace car driver Emerson Fittipaldi or Corvette Racing’s Max Papis. In this next video, “Mad Max” Papis takes IGotShotgun for a 180 mph hot lap around the 2.5 mile oval.

Festival members have use of the Corvette through the month of May and then the cars are sent to various dealers where they will be sold as official Indianapolis 500 Festival cars.


Source:
I Got Shotgun!

Related:
Sales Analysis: The 2008 30th Anniversary Indy 500 Corvette Pace Car Replica
Two Unique Corvettes to Pace the 2008 Indianapolis 500
Video: Unveiling the 2008 Indy 500 Corvette Pace Cars

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30th Anniversary Indy 500 Corvette Pace Car

Late last year with much fanfare, Chevrolet announced that for the first time ever two Corvettes would be pacing the Indianapolis 500. One of the Corvettes is the customized Z06 E85 Concept highlighting GM’s Green Initiative and will showcase the ability of the automaker to run even the Corvette on E85 Ethanol. But it was the second Corvette that is even more interesting in our opinion as it marked the 30th Anniversary of the 1978 Corvette Pace Car and would be commemorated by a special run of 500 Pace Car Replicas.

With only 500 of these special editions available, you would think that these Indy Pace Car replicas would be in demand and sell fast, but from the conversations we’ve had with several high-volume Corvette dealers, that just doesn’t appear to be the case. Here is what we’ve been hearing as the major roadblocks to sales of the 30th Anniversary Corvette Pace Car and why we think owning this special edition is a smart investment.

Dealers may be bypassing this year’s Corvette Pace Car replica because last year model didn’t sell well. Many point to the late entry of the replica into the 2007 production model run. The 2007 Corvette Pace Car Replica didn’t hit the lots until June, well after the running of the Indianapolis 500. We also believe that demand for last year’s Pace Car was tempered by news of the 2008 Corvette models which featured a new, more powerful engine and interior upgrades. As a matter a fact, that news is attributed to an overall decline in sales of all 2007 Corvettes.

Last year, Chevrolet offered two special edition Corvettes at the same time, the Ron Fellows ALMS GT1 Championship Z06 and a Indy 500 Corvette Pace Car replica. Buyers overwhelmingly gravitated to the Ron Fellows Z06 Signature Edition. This year, Chevrolet again offered two special edition Corvettes at the same time: The 427 Limited Edition Corvette Z06 and the 30th Anniversary Corvette Indy Pace Car Replica and guess what? Buyers again gravitated first to the Z06.

So why is the 30th Anniversary Corvette Indy Pace Car Replica a smart buy? The first is economics. No, I’m not saying buy this car and you’ll make money on it. But you will lose less money because of its limited production of only 500 cars. Recent history shows the depreciation of the Corvette Pace Cars will be less than an average coupe or convertible Corvette and will generally start appreciating first and faster than their regular production counterparts.

1998 Indy 500 Corvette Pace CarTake a look at the 1998 Corvette Indy Pace Car. 1,158 of the Purple and Yellow Corvettes were produced. It’s 10 years old now and the five year depreciation number for the Pace Car replica is -19%. However, the 1998 Corvette Coupe’s five year depreciation is -26% while the 1998 Corvette convertible was down -29% over five years.

1995 Indy 500 Corvette Pace CarThe news is even better for the 1995 Corvette Pace Car. Only 527 of these Corvettes were built and over the last five years, the Pace Car has appreciated 19% while the regular production Coupe was down -7% and the roadster was down -12% over the same time frame. The Pace Car’s appreciation is even higher than the 1995 ZR-1 which shows an 8% increase.

The second reason we like this year’s Pace Car replica is that it’s offered in either a Coupe or Convertible model, and the option choices will all but guarantee that there will be some interesting combinations when its all said and done. We already know that there are no major changes for next year’s Corvette model so that hurdle has been removed. And forget the “All Corvettes are Red” mantra. The Indy 500 Pace Car is finally back in black, the number one selling Corvette color.

Lastly, the Pace Car is signed and numbered by 2-time Indianapolis 500 winner Emerson Fittipaldi, making this Corvette only the third model in the car’s 55 year history to feature a signature. We’re still hoping that in the future this honor is reserved only for those who’ve had a direct impact on the Corvette and the enthusiast community.

So the final question you should be asking is where can I get one? We suggest getting in touch with Dave Salvatore at Kerbeck Corvette who told us they have several available. Dave can be reached at 1-877-537-2325 . Also, I’d be remiss if I didn’t thank Jim “Z” of Spitzer Chevrolet who was kind enough to answer our inquiries for this story.


Source:
Appreciation and depreciation figures on the 1995 and 1998 Corvette Pace Car from Vette-N-Vestments 2008 Corvette Pricing Guide.

Related:
Two Unique Corvettes to Pace the 2008 Indianapolis 500
Video: Unveiling the 2008 Indy 500 Corvette Pace Cars

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1971 Corvette LT-1 Coupe

More than a few eyebrows were raised when Mecum Auctions announced their 6-week run of “Muscle Cars & More” at the Indianapolis Fairgrounds with television coverage provided by Discovery Channel’s HD Theater. We saw the main challenge as being two-fold. Could Mecum keep a sustainable pipeline of quality cars coming in over the course of the 6-week auction run AND could they keep the interest of buyers who are used to the weekend auction fly-in (or drive-in)? We’re here to report a solid yes regarding the Corvettes and a definite maybe on the buyers.

After three weeks of auctions, Mecum has sold $1,774,000 of Corvettes. So far, 43 Corvettes have been offered and 29 have sold for a 67% success rate. Only 14 were unsold, but with Mecum’s “The Bid Goes On” program, its possible that several more of these Corvettes may move over to the sold column.

The quality of Corvettes at a Mecum auction is always strong and the Corvettes appearing at Mecum’s Muscle Cars & More on HD Theater is about what we’ve expected. Collectible Corvettes of various years have been made available each of the first three weeks, but it was week 2 that was the night for showcasing Corvettes. We saw a 1963 Corvette Coupe Z06 Tanker sell for $225,500 and a 1967 Corvette Convertible with a 427/435 hp L71 go for $160,000. Week 2 also featured a bevy of fuel injected Corvettes as well as several RPO 687 Big Brake C1 Corvettes. So the quality and variety of Corvettes available are there.

Which leads us to the quality of buyers. We got a friend to Tivo and copy to DVD the Week 2 auction that was heavy with Corvettes. We saw several familiar faces including Terry Michaelis of Proteam, David Burroughs of Bloomington Gold fame and Terry Malone from Corvettes of Dallas. The Week 2 auction also appeared to have a steady stream of telephone and internet bidders, which we think would be a popular method of buyer participation in a multi-week auction format. With Corvettes selling successfully at a rate of 67%, our verdict on the quality of buyers week-in and week-out is a definite maybe and will be reevaluated at the close of the final auction next month.

So after three weeks of the six week run, here are the Corvette auction results from Mecum’s “Muscle Cars & More” TV Auction on HD Theater. Lot numbers starting A and J1 are from Week 1. B and J2 are Week 2 and C and J3 were sold on Week 3:

LOT YEAR MODEL SOLD HIGH BID
A2 1972 Corvette $18,000  
A3 1978 Corvette Pace Car – L82 4-Speed   $20,000
A6 1972 Corvette $16,000  
A19 2004 Corvette Convertible Comm Edt $29,000  
A40 1995 Corvette Convertible $13,250  
A45 1975 Corvette $16,000  
A46 1967 Corvette   $45,000
A53 1968 Corvette Convertible 427/435 $66,000  
J119 1986 Corvette   $24,000
J121 1986 Corvette Pace Car $8,500  
J125 1987 Corvette $6,500  
B1 1966 Corvette Coupe 427/390 $63,500  
B2 1995 Corvette Coupe Lingenfelter   $19,000
B3 1993 Corvette $10,750  
B4 1974 Corvette $19,000  
B9 1965 Corvette   $34,000
B12 1967 Corvette Convertible 427/400 $96,000  
B16 1977 Corvette T-Top $8,500  
B24 1962 Corvette Convertible $55,000  
B31 1956 Corvette Convertible 265/225   $74,000
B33 1958 Corvette Convertible 283/290 FI $125,000  
B34 1963 Corvette Z06 Tanker $222,500  
B35 1967 Corvette Convertible 427/435 $160,000  
B36 1962 Corvette Convertible 327/360 $135,000  
B37 1961 Corvette Convertible RPO 687 $132,500  
B39 1963 Corvette Convertible 327/360 FI   $86,000
B40 1958 Corvette Convertible 283/270 $94,000  
B41 1959 Corvette Convertible 283/290 FI $137,500  
B42 1962 Corvette Convertible 327/360 FI   $82,000
B44 1956 Corvette Convertible 265/225 $94,000  
B45 1963 Corvette Convertible 327/360   $67,500
J202 1964 Corvette Coupe 327/300 $35,750  
J204 1995 Corvette   $10,500
J210 1967 Corvette   $50,000
C21 1971 Corvette $13,000  
C24 1966 Corvette Convertible 327/300 $51,500  
C32 1971 Corvette T-Top LT-1 $46,000  
C37 1970 Corvette T-Top 454/390 $39,500  
C52 1967 Corvette Coupe 427/400 $51,000  
J315 1988 Corvette Coupe   $7,500
J316 1990 Corvette Coupe ZR-1 350/385   $20,000
J326 1995 Corvette Coupe LT1 350 $10,750  
J334 1970 Corvette Coupe 350/350   $14,500
         
    Total Corvette Sales (Week 1-3): $1,774,000  

Mecum’s live auction continues this weekend at 8pm Est on HD Theater.


Source:
Mecum Auctions
HD Theater

Related:
[VIDEO] Mecum Auction Results: 1963 Corvette Z06 Tanker
Friday’s Featured Corvettes for Sale: Mecum’s HD Theater Edition

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