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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.
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.
Corvette performed Indianapolis 500 Pace Car duties for a record sixth time. It marks the third consecutive year and 15th time overall that a Chevrolet product has served as the Official Pace Car – the most appearances by any brand. The 2004 Corvette that will serve as the Indy 500 Pace Car is virtually identical to the Convertibles available today through local Chevrolet dealerships.
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.
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.
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.
The 2019 Corvette ZR1 was the official Pace Car for the 2018 Indianapolis 500 presented by PennGrade Motor Oil and led drivers to the green flag on Sunday, May 27, for the 102nd running of the legendary race. It marks the 15th time a Corvette has served as the official Pace Car since 1978, and the 29th time a Chevrolet has led the field dating back to 1948, when a 1948 Fleetmaster Six convertible paced the race.