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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. 
A 2007 Chevrolet Corvette convertible paced the 91st running of the Indianapolis 500 on May 27, 2007. As it was selected as the Official Pace Car, Chevrolet supplied several identically prepared and uniquely trimmed Corvette convertibles – in new Atomic Orange paint with distinctive gold ribbon graphics – that served in the official pace duties of the race, as well as supporting activities. This year, the driver of this Pace Car was Patrick Dempsey.
Two racing icons will unite when Lance Armstrong, seven-time Tour de France winner, drives the 2006 Chevrolet Corvette Z06 pace car to lead the field to the start of the 90th running of the Indianapolis 500 on May 28, 2006. For a record 17th time, a Chevy will pace the race, and it's the eighth time for a Corvette to be leading the pack. The only changes made to prepare it for this year's role were the addition of strobe lights and racing safety gear.
The Centennial Edition came finished exclusively in a Carbon Flash Metallic finish with satin-black graphics. Special badging graphics signifying Chevrolet’s racing history, including an image of Louis Chevrolet on the B-pillars, were added as accents to the cars finish. The wheels were also finished in satin black. All models also received red brake calipers. The exterior color scheme of the Centennial Edition Corvette is reinforced inside the car.
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