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The actual Corvette Pace Car that served at the 79th running of the Indianapolis 500 was a near-stock LT1 Corvette Convertible, except for the mandatory safety features that were required by the Indianapolis Motor Speedway.  The Official Pace Car cam equipped with strobe lights, a special roll-bar, five-point safety harnesses for the driver and passenger and an on-board fire suppression system. Chevrolet built just three of the actual pace cars.
One special-edition Corvette was introduced in 2007 was based on the Corvette Pace Car that was used at the 91st running of the Indianapolis 500 driven by actor/racer Patrick Dempsey.  The significance of this car was the fact that GM had not produced a pace car replica since the 1998 model year, even though the Corvette had paced the prestigious event a bunch of times since then.
Corvette’s decision to become the official pace car of the Rolex 24 Hours at Daytona is a key component of Chevrolet’s strategy to reinforce Corvette’s image as "America’s Performance Icon." Jim Campbell, Corvette brand manager, is responsible for developing this strategy, and he’s the guiding force behind Corvette’s return to the racetrack.
While the redesign gave the Corvette a fresh look for the new model year, Chevrolet also recognized the importance of commemorating the car's quarter-century of production.  For the first time in the brand's history, two special-edition Corvettes were introduced for the 1978 model year: the Silver Anniversary Edition and the Indy Pace Car coupes. On March 15, 1977, the 500,000th Corvette rolled off the assembly line at Chevrolet's St. Louis manufacturing plant. 
In 2005, the Corvette was chosen as the official pace car of the 47th Daytona 500. The car was based on a 2005 production model Corvette and it presented an excellent opportunity for the 2005 Corvette to showcase its true capabilities. The pace car was designed to honor the heritage of the historic Corvette race cars of yesteryear. It was finished in millennium yellow with over-the-top black racing stripe that runs from the hood to the trunk lid. It is powered by a 6.0L V-8 LS2 engine with 400 horsepower.
2008 marks the 15th time that Chevrolet has paced the Alstate 400 at the Brickyard and the fourth consecutive time Corvette has led the pack. Chevrolet's pacing tration at the Indianapolis Motor Speedway also extends to the Indianapolis 500 where Chevrolet has paced that esteemed race 19 times with Corvette leading the field 10 times.
1984 PPG Indy Pace Car
The 1984 PPG Indy Pace Car Corvette was special from the very beginning- in several ways. Initially, it was created as a one-off concept car that would be designated as one of the official Pace Cars for the PPG Indy Car World Series of races. It was custom-built by PPG in cooperation with the Chevrolet Division of General Motors. The 205 HP 350 was replaced by a 450hp, 401 cubic-inch V-8.
Total Production for the 2008 Indy Pace Car replicas sold to the public was 500. The first replica rolled off the production line approximately March 4th, and the last was June 6th. There were 61 Corvettes built in early March, however only 60 cars shipped to the Indianapolis Motor Speedway to be used as rack” and “festival committee" vehicles which were distributed to their lucky drivers on April 9th and in use thru May 31st.
It was announced on July 23rd, 2010 that the 2010 NASCAR Brickyard 400 will be paced by this Green and White Corvette Grand Sport Coupe while Arctic White Corvette Grand Sport Convertibles wil serve as Festival (parade) cars. Camaro Coupes will also be used as support vehicles. The color is reminiscent of Bowling Green Metallic, last seen in 2001. This marked the 17th time that Chevy paced the Allstate 400 at the Brickyard.
While it was not the rarest Corvette Pace Car Replica ever manufactured by GM, the 1998 Chevrolet Corvette Pace Car Replica was – and remains – one of the most desirable pace car replicas ever made. This is primarily due to the fact that this replica is nearly identical to the actual pace cars that were used during the 1998 Indianapolis 500. It was fitting given that 1998 also marked the brand's 20th anniversary as "Official Pace Car" of this momentous race.
A Chevrolet Corvette Z06 paced the field for the Allstate 400 at the Brickyard on Sunday, July 29 at the Indianapolis Motor Speedway. A Chevrolet has performed pace car duties for all 14 editions of the Allstate 400 at the Brickyard, one of NASCAR's most highly anticipated events since the inaugural in 1994. Also, Chevrolet once again supplied event support vehicles, including Silverado pickup trucks, for on track activities.
The Corvette skipped a year and returned to the Indy 500 in 2015. NASCAR legend Jeff Gordon drove the 'Vette for the first lap, and the car had a fairly simple body with the race decals on the doors and sponsor stickers at the front end. Gordon, who grew up in nearby Pittsboro, Indiana, is no stranger to the Indianapolis Motor Speedway. He won the first NASCAR race in the history of the famed 2.5-mile oval and has won four more times.