$3 Million For A Corvette That Won’t Be Driven?

2020 Stingray Miami Lakes Automall

Photo credit: Chevrolet

We recently witnessed the award season kick-off to start 2020 off with the 2020 Chevrolet Corvette Stingray earning the 2020 North American Car of the Year award. While the 2020 Chevrolet sports car is the very first 2020 Chevrolet Stingray has officially had its first sale to the tune of a whopping $3 million at an auction in Scottsdale, Arizona. The first-ever Chevrolet Corvette to carry a mid-engine build (this means the engine is literally in the middle of the vehicle, rather than under the hood) has a base price of $55,900 MSRP (Plus destination fee), but this is the only first ever built Chevy C8 Stingray. The event hosting this sale was a Narrett-Jackson auction with every bit of the transaction going to charity.

All For A Good Cause

The Detroit Children’s Fund, a not-for-profit organization, is responsible for the earnings. The money will be distributed across public schools in Detroit. The focus of Detroit Children’s Fund is to improve the quality of education in the city where General Motors has its main headquarters and thousands of workers. The sale was completed and sold to Corvette collector Rick Hendrick. Hendrick is apart of the Corvette Hall of Fame, being inducted in 2015. Hendrick owns a total of 94 dealerships, but among all the vehicles he owns, he says he won’t ever drive this first-ever C8. The first debut of the vehicle was launched with the help of actual astronauts to unveil the vehicle. The new mid-engine design, rear-wheel-drive sports coupe is one of the most sought after vehicles to hit the market in recent memory. The auction was actually the biggest success in the 49-year history of Barrett-Jackson Auctions with $141 million produced.

“I’ve been going to those auctions for 25 to 30 years and I’ve bought a lot of No.1s at auction for charity. But nothing like this car. This had bidders from all over the world. It was so much drama. When you have the CEO of General Motors on the stage, that’s a big deal,” Hendrick told the Free Press.

More On the “C8” Corvette

The winning vehicle will carry an eight-speed dual-clutch automatic with automatic shifting. The advantages that have pushed the latest Chevrolet to another level include technology upgrades. The engineers have added new performance components that come standard for each Chevrolet Corvette that allows the vehicle to have 25 percent more oil cooling than the previous-generation Corvette. This is thanks to the new chassis design, part of the changes to a new mid-engine design. The “C8” Stingray is the start of an all-new generation of Corvette vehicles that are fastest and strongest than ever. Engineers added in the legendary 6.2-Liter V8 powertrain that delivers 495 horsepower and 470 lb-ft of torque. 

“Corvette has always represented the pinnacle of innovation and boundary-pushing at GM. The traditional front-engine vehicle reached its limits of performance, necessitating the new layout,” said GM President Mark Reuss. 

Stop By and See What We Have To Offer

For those looking to start 2020 off right, visit us at Miami Lakes Automall today. We are proud to offer the 2019 Chevrolet Corvette and take pride in offering the newest Chevrolet vehicles. We also have a large pre-owned variety that will make all customers thrilled to drive.

With any buying, leasing or selling, consider us the place to go for all things Chevy. Come visit even if you didn’t buy with our team. Allow our friendly service team to help out should any maintenance work be needed on your current vehicle. Located at 16600 NW 57th Ave in Miami Lakes. Our Chrysler, Dodge, Jeep, and Ram sales and service departments are open seven days a week to better serve you at Miami Lakes Automall! See you soon!

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