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First Mid-Engine Chevy Corvette Sold for $3 Million at Auction

Barrett-Jackson sold the first C8 Corvette off the line for the Detroit Children’s Fund charity, and NASCAR team owner Rick Hendrick snapped it up.

  • The Barrett-Jackson auction company got $3 million for the very first 2020 Chevrolet Corvette off the line at its January auction in Scottsdale, Arizona, with all proceeds going to a Detroit educational charity.
  • The mid-engine C8 Corvette with VIN 001 gets the Z51 Performance package and the 495-hp 6.2-liter LT2 V-8, and the winning bidder was NASCAR team owner Rick Hendrick.
  • This same auction house sold the last C7 Corvette last spring and took in $2.7 million for a different charity.

UPDATE 1/19/20: NASCAR team owner Rick Hendrick was the winning bidder, paying $3 million for C8 Corvette no. 1 at a high-spirited charity auction event on Saturday featuring GM CEO Mary Barra on the stage. Although the car present at the auction was red, Barrett-Jackson said the actual first car will be “a black-on-black Corvette 3LT loaded with every available option, scheduled to be built during the first quarter of 2020.”

We’ve seen this before: automakers offering the first example of a highly anticipated new model up for auction to benefit a charity. This time, General Motors will auction off the first mid-engine Corvette off the line at Barrett-Jackson’s Scottsdale Auction in January. All proceeds will go to the Detroit Children’s Fund, which benefits underfunded Detroit public schools.

VIN 001 of the C8 Corvette Stingray is powered by a 495-hp 6.2-liter LT2 V-8 and is equipped with the Z51 performance package, which adds an electronically controlled limited-slip differential with a shorter final-drive ratio, Brembo brakes, a performance exhaust, heavy-duty cooling system, and Michelin Pilot Sport 4S summer tires.

GM CEO Mary Barra and winning bidder Rick Hendrick pose during the Barrett-Jackson Auction in Scottsdale on January 18.

There’s no doubt this example will go for well over the $59,995 starting price of the C8 Stingray. Only a few months ago, the final front-engine C7 Corvette sold for $2.7 million at the Barrett-Jackson Northeast Auction in June, and the first Ford Mustang Shelby GT500 off the line sold for an insane $1.1 million at the Barrett-Jackson Scottsdale auction in January, both also for charity.

Source: Car and Driver; Conner Hoffman


Fassler impressed after first laps in new Corvette

The waiting is over for Marcel Fassler. This weekend’s Roar Before the Rolex 24 was the first opportunity for the three-time Le Mans winner to drive the revolutionary mid-engine Corvette Stingray C8.8 — either in a test or even on a simulator — and he likes what he’s found.

“I heard really good things beforehand, so I was really looking forward to my very first drive,” said Fassler. “I finally got my first chance on Friday, and I am more than positively surprised how good and how much fun it is to drive. It’s difficult to compare both cars, because they are completely different in how they were built and set up, but this is a big step forward. I’ve enjoyed every lap in this car around the track.”

Fassler won GTLM honors as part of a 1-2 outing for Corvette Racing in his Rolex 24 debut in 2016, with his car prevailing by 0.034s in the closest class finish in event history. The 43-year-old Swiss driver enjoyed the changing conditions at the Roar — which have ranging from a warm Friday to a wet Saturday to a sunny but chilly Sunday — as he tested the silver No. 4 Stingray with Tommy Milner and Oliver Gavin.

“The weather this weekend is the best we could have,” Fassler said. “Now we know hot conditions, we know wet conditions and today we’ll work with colder conditions. Experience shows that everything can happen at Daytona. It can be super warm or freezing cold, or a lot of rain like last year.”

Antonio Garcia, who shares the traditional yellow No. 3 Corvette with Jordan Taylor and Nicky Catsburg, was also pleased with the progress of the C8.R.

“It’s going the right way,” said Garcia, a two-time Rolex 24 winner. “We’ve got to gather as much data as possible to prepare for the first race of the season — the first race for the actual car. It’s going to be very difficult for us, because we don’t know how the car is going to behave, with a lot of unknowns. I think we’re as prepared as we can be, and we are using this test to be even more prepared. So far, it’s going well. But in racing, you never know. We’re probably the best team out there to get with a new car, and so far it looks good and drives good. I can’t wait until the start of the race.”

Corvette Racing Program Manager Doug Fehan shares the optimism of his drivers.

“Everything operationally has worked out well,” Fehan said. “The cars are performing well. We haven’t had any major issues in durability and reliability — things we are looking for here. Every day we come out we write another page in setup and learning about the chassis and aero on the car. So every lap’s an important lap.”

Original Source: J.J O’Malley; Racer


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2020 C8 Chevy Corvette spins up an eye-popping mystery on the dyno

The intrigue around the 2020 Chevrolet Corvette isn’t close to ending. Motor Trend secured a pre-production build of America’s sports car for two weeks of testing, including a trial at the Hyundai-Kia proving grounds for MT’s Car of the Year roundup. It was treated like a priceless museum exhibit on loan: MT staffers kept the Corvette throughout the day, then returned the coupe to Chevy’s PR team every night. The day before handing the car back to Chevy for good, the magazine wanted to run a real-mpg test, but the testing company didn’t have equipment to deal with square tailpipes. So MT took the red Z51 coupe to its local, oft-used dyno for what would turn out to be six confounding runs. The numbers after the first run in fifth gear run: 558 horsepower and 515 pound-feet of torque. At the wheels.

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Assuming parasitic driveline losses of 15% would mean the Corvette was putting out around 656 hp and 606 lb-ft at the crank. If we assume a 10% loss, the crank figures come to about 620 hp and 570 lb-ft. Either set represents a shocking surplus over the Corvette’s official rating 495 hp and 470 lb-ft. And the official rating isn’t Chevy putting its best foot forward — GM pays to have the Society of Automotive Engineers (SAE) certify its output figures using the SAE’s strict protocols.

Having been thrown this stumper, MT personnel tried to sleuth it out. They called their road test editor. They called Chevrolet engineers. Their technical editor did some math. They put a 2020 Ram 2500 diesel on the dyno as a control vehicle. They spoke to Chevy engineers again and got revised gear ratios taking the limited-slip differential into account. They got explanations from those engineers about what might be happening. They performed five more runs, two of them in sixth gear even though fifth gear was the closest to a 1:1 ratio. The lowest figures came during run number five, posting 478 hp and 536 lb-ft at the wheels. Even at just 10% of parasitic losses, that’s 530 hp and a mongo 597 lb-ft of torque.

At the moment, none of the numbers add up, and none of the explanations can explain them. Head to Motor Trend to read the whole story. All we know for now is that there’ll be a lot more Corvettes put on a lot more dynos before this is through. Whenever GM can start building C8 Corvettes, that is.

Source: Johnathan Ramsey, Autoblog.