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Priced at an additional $3250  for the coupe or an additional $2880 for the convertible, the Grand Sport package included exclusive Admiral Blue paint and featured a single white stripe that ran the length of the body as well as two red accent stripes (also known as “Sebring Stripes”) on the driver side front fender.  This unique paint scheme was deliberately developed by GM to pay homage to the classic Corvette Grand Sport Racer of the 1960’s.
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.