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For 50 years, Chevrolet Corvette has represented American performance. In 2002, Corvette also led the pack at two important racing venues: the Indy Racing League (IRL) and the 86th running of the Indianapolis 500. In its IRL pace duties, Corvette wore a two-tone white and Millennium Yellow paint scheme with checkered-flags graphics forming a V for victory.
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.
The Chevrolet Corvette has served as the official pace car of the Indy 500 18 times since 1978. That accounts for half of the 32 times that Chevrolet has been given the honor since 1948, which only highlights the sports car’s endearing legacy. Interestingly enough, this C8 Corvette convertible is the first Indy 500 pace car to have a drop-top since the 2011 Chevrolet Camaro.
The 2017 Chevrolet Corvette Grand Sport served as the official Pace Car for the 101st Indianapolis 500 presented by PennGrade Motor Oil and led drivers to the green flag on May 28. 2017 marked the 14th time a Corvette has served as the Indianapolis 500 Pace Car, starting in 1978, and the 28th time a Chevrolet has led the field, dating back to 1948, when a 1948 Fleetmaster Six convertible paced the race.
NEXTEL Cup drivers Tony Raines and Jeff Green, along with hundreds of fans in Daytona Intemational Speedway's acclaimed NEXTEL FANZONE, got the first look at the 2007 Daytona 500 pace car with a special unveiling during the NASCAR Jackson Hewitt Preseason ‘Thunder Fan Fest. Corvettes were also used as Track cars and other support vehicles during the event activities at that years Daytona Speed Weeks. Corvettes were also used as Track cars and other support vehicles.
1978 was significant because it marked the cars 25th anniversary of production. Recognizing the achievement of manufacturing a car for a quarter-century, Chevrolet commemorated this accomplishment by introducing two special-edition Corvette that year.  The first of these was known as the "Silver Anniversary" edition Corvette.  It featured a two-tone silver over gray exterior with special pin-striping and special "25th Anniversary" badging.
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 big news for 1986 was that a Corvette would pace the Indy 500 for the second time. Retired General Chuck Yeager was enjoying celebrity status as a result of the book and movie, “The Right Stuff.” But Chevrolet was still smarting from the heavy criticism over the ‘78 Corvette Pace Car debacle and decided that all 1986 Corvette convertibles were designated as “Pace Car Replica”.
2008 Corvette Daytona Pace Car
With defending Daytona 500 Champion Kevin Harvick at the unveiling, surrounded by Chevrolet, General Motors and Daytona International Speedway officials, hundreds watched the much-anticipated unveiling of the 2008 Corvette Z06 Daytona 500 Pace Car ~ the Official Pace Car of The Daytona 500, NASCAR's biggest race. Apart from its special paint and the addition of a integrated light bar, it is almost identical to the street version.
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.