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In 2005, the Corvette was chosen as the official pace car of the 47th Daytona 500. The car was based on a 2005 production model Corvette and it presented an excellent opportunity for the 2005 Corvette to showcase its true capabilities. The pace car was designed to honor the heritage of the historic Corvette race cars of yesteryear. It was finished in millennium yellow with over-the-top black racing stripe that runs from the hood to the trunk lid. It is powered by a 6.0L V-8 LS2 engine with 400 horsepower.
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.