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The 2005 Corvette Pace Car paced at the 89th Annual Indianapolis 500 on May 29, 2005. It was driven by Retired Army General and former Secretary of State Colin Powell. There were three Pace Cars produced. Eight Track/Festival convertibles painted Victory Red Corvette were used on race day. These Track/Festival Pace Cars did not have the center silver stripe, logo-embroidered headrest, and graphics that were on the actual pace car. There were two replica pace cars produced.
While not exactly a "collector's edition" Corvette in its own right, it nonetheless has become a uniquely identifiable and collectible Corvette from the fourth-generation era. 1988 marked the 35th anniversary for Corvette, and so it was decided that Chevrolet should commemorate the milestone by introducing an anniversary-edition model. This anniversary car was the first of its kind in a decade, given that Chevrolet opted not to manufacture a Corvette in 1983.