First-Ever Produced 2020 Corvette C8 Sells at Auction for $3 Million USD

The mid-engined sports car’s proceeds will benefit charity.

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Automotive
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The much-praised and highly controversial new Chevrolet Corvette has begun its life cycle in the automotive world, and its first major highlight befittingly involves the first ever C8 ever made.

On January 19, Barrett-Jackson auctions of Scottsdale welcomed the first ever produced Chevy Corvette C8 — proven with VIN ending in 001 — at the starting price of $200,000 USD but quickly climbed in heart-pounding intervals until it hammered at $3 million USD, a jaw-dropping 50 times its retail price of $59,995 USD. While first production vehicles are very much often auctioned to collectors and firms, the purchaser Rick Hendrick — collector and owner of NASCAR team Hendrick Motorsports — bought the rare car with intentions for all the proceeds benefitting the Detroit Childrens’ Fund. And while the red car shown at the auction was just a representative, the actual car to be built as VIN 001 will contain the Z51 performance package and arrive in black on black with special GT2 seats.

The highly anticipated 2020 Chevrolet Corvette is beginning to reach the hands of reviewers internationally, and critics have touted it for its daring move to a mid-engined layout for the first time in its lineage. The base car contains a 6.2-liter LT2 V8 engine that produces 490-495 horsepower — depending on the Z51 package or without — and pushes all of its power to the rear wheels. Compared to its predecessor, the car is expected to hit 0-60 times of 2.8 seconds.

Learn more about the C8 Corvette and in other automotive news, check out the “Fuji Speedway” special edition Toyota Supra by Gazoo Racing.

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