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The first Z06 was actually an option package first offered with the 1963 Corvette. The package was developed by Corvette's legendary lead engineer and racing advocate Z0ra Arkus-Duntov.  The Z06 option was designed to allow consumers to bolster the 1963 "Split-Window" Corvettes performance and handling capabilities for use on the race track. Selecting regular production option (RPO) Z06 when ordering a Corvette resulted in a car equipped with some tasty options.
The L84 was the most powerful 327 available for the 1965 Corvette thanks to its Ram-Jet Fuel Injection which was an expensive $538 option. For competition, race customers had a range of options available to them including the N03 36-Gallon Fuel Tank, closer rear axle ratios and the C48 Heater/Defroster Delete (-100).
For competition, race customers had a range of options available to them including the N03 36-Gallon Fuel Tank, closer rear axle ratios and the C48 Heater/Defroster Delete (-100). Most cars equipped like this came with either L78 or the L84 with Ram-Jet Fuel Injection.
For competition, race customers had a range of options available to them including the N03 36-Gallon Fuel Tank, closer rear axle ratios and the C48 Heater/Defroster Delete (-100). Most cars equipped like this came with either L78 or the L84 with Ram-Jet Fuel Injection.
The L88 was a special option package developed under the direction of Zora Arkus-Duntov, director of GM’s performance division. First introduced in 1967, the L88 Corvette featured a highly modified version of Chevy’s 427-cubic-inch V-8 engine. Although this engine received a factory horsepower rating of 435, actual engine output was somewhere between 540 and 580 horsepower, giving the “stock” L88 enough power to run a quarter-mile in the high-11-second range!
These Big Block cars would be the high-water mark of Corvette performance and refinement for the C2 series of cars. The 427/400hp L68 came standard from the factory with the Holley triple two-barrel carburetor arrangement called Tri-Power. Only 2101 Corvettes in 1967 received this rare engine option which was a $305.50 cost.
The L71 was Chevrolet’s most powerful engine in 1967 which replaced the big-block L71 from the previous year. Using it’s famous ‘Tri Power’ intake manifold was rated by the factory at 435 bhp. Costing $437.10, 3,754 Corvettes were made with the L71 options and they could not come with automatic transmissions nor air conditioning.
Power and blinding acceleration were the driving forces behind the development of the 1968-1969 Chevrolet Corvette 427. Only 390 1969 Corvettes were built with the famous L89 427 and while the L89 option was chosen 624 times in 1968, it is still a rare beast relative to total production. The 427 CI engine was good for 435 HP and a strong 460 lb-ft of torque making it one of the best-accelerating cars of its time. 
Did you know that the earliest ZR1 Corvettes came into existence long before any of these later iterations?  If not, then take a few minutes to acquaint yourself with one the rarest small-block production Corvettes of all time - the 1970-1972 Corvette ZR1. From 1970 to 1972, Chevrolet offered the ZR1 Special Engine Package, which featured a small-block LT1 engine.
1971 ZR2 Convertible
Finally in 1971, both the ZR1 and ZR2 packages were offered side by side as initially intended. The solid lifter, 350 cubic-inch LT-1 found under the hood of the ZR1 featured a ‘178’ high-performance camshaft and a 780 CFM Holley four-barrel carburetor, which resided atop a specialized aluminum intake. The LT-1 featured a reduced compression ratio of 9.0:1 for the 1971 production year, relative to 11.0:1 specified the year prior.
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.
The 1978 Silver Anniversary Edition Corvette was developed to offer consumers a “collectible” model that commemorated one of Corvette’s milestone production anniversaries (its twenty-fifth anniversary in this case) in a way that had ever been done previously with any Corvette model year that had come before it. The car was mechanically identical to 1978 counterparts.
To celebrate the departure of the third-generation Corvette, Chevrolet decided to offer a final commemorative “Collectors Edition” model. However, recalling their experience with the 1978 Pace Car Replicas it was decided that the 1982 Collector Edition Corvettes would be built only “as needed” to satisfy customer orders and that they would get unique vehicle identification plates to help deter someone from turning a standard car into a Collectors Edition knock-off.
1984 PPG Indy Pace Car
The 1984 PPG Indy Pace Car Corvette was special from the very beginning- in several ways. Initially, it was created as a one-off concept car that would be designated as one of the official Pace Cars for the PPG Indy Car World Series of races. It was custom-built by PPG in cooperation with the Chevrolet Division of General Motors. The 205 HP 350 was replaced by a 450hp, 401 cubic-inch V-8.
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”.
While not exactly a "collector's edition" Corvette in its own right, it nonetheless has become a uniquely identifiable and collectible Corvette from the fourth-generation era. 1988 marked the 35th anniversary for Corvette, and so it was decided that Chevrolet should commemorate the milestone by introducing an anniversary-edition model. This anniversary car was the first of its kind in a decade, given that Chevrolet opted not to manufacture a Corvette in 1983.
1993 ZR-1 COrvette
The C4 ZR-1 Corvette, even some 30 years after its initial year of production, carries indisputable performance merit, the likes of which few can deny. In fact, the ZR-1 is often cited as the car which helped fend off threats, both foreign and domestic in origin, to the Corvette's elite performance car status. However, after only 6,939 ZR-1 Corvettes were built, and 6 years of production had passed, the program was terminated, falling victim to decisions regarding pricing.
1993 Corvette C4 40th Anniversary ZR-1 parked on street
In 1993 just 448 ZR-1 Corvettes were produced and only 240 of them were 40th Anniversary Edition cars. The 40th Anniversary Package consists of a deep and glossy Ruby Red exterior finish over a matching Ruby Red interior with leather adjustable sport seats. A Corvette with both of these highly desirable packages is rare and special. At the heart of the ZR-1 is the 405-horsepower LT5 V8 engine mated to a 6-speed manual transmission.
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.
Chevrolet knows their clientele, and with the 1996 Corvette Collector's Edition LT4, the automaker put together a special package that would entice hard-core 'Vette fans with a unique tribute to the outgoing C4 model. The $1250 option brought unique Sebring Silver Metallic paint, 5-spoke wheels, and, of course, special badges and embroidery. It also received the upgraded LT4 powerplant available in the Grand Sport, and with 330 horsepower on tap.
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 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.
A successor to the ZR-1 made its debut in 2001 as the Z06, giving a nod to the high-performance Z06 version of the C2 Corvette of the 1960s. The Z06 uses a tuned version of the standard LS1 engine (designated the LS6), with a higher power output of 385 hp (390 PS; 287 kW), later bumped to 405 hp (411 PS; 302 kW) starting in 2002.
Another decade – another milestone anniversary edition Corvette. However, the 2003 model year was especially significant as it marked the 50th year of the Corvette’s production at Chevrolet.  To commemorate a half-century of manufacturing, every Corvette built in 2003 was adorned with special “50th Anniversary” badging – a unique “50” badge on each of the front fenders above the bodyside coves, and a special crossed flags badge that included “50 Anniversary” badging.
It was only fitting that the Corvette design team honor the outgoing C5 by saluting its finest racing accomplishments with a special Le Mans Commemorative Edition package for all 2004 Corvette models. The Coupe and Convertible packages included special Le Mans Blue metallic paint, unique badging noting the Le Mans victories, polished wheels, and a special shale-colored interior featuring embroidered Le Mans emblems on the headrests.
The Z06 arrived for the 2006 model year as a homologation vehicle in the third quarter of 2005 and is the lightest of all Corvette models. The Z06 was equipped with the largest-displacement small-block engine ever produced, a new 7,011 cc (7.0 L; 427.8 cu in) V8 engine codenamed the LS7. The engine has a power output of 505 hp and 470 lb⋅ft.
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 Ron Fellows ALMS GT1 Champion Edition Corvette was introduced as part of the 2007 Corvette line-up. To commemorate Mr. Fellows long and successful career with the Corvette Racing program, Chevrolet introduced the Ron Fellows Championship Edition Z06 Corvette as part of their 2007 model line-up. It was released as a commemorative model to celebrate one of GM's winning-est drivers, but did little to impress enthusiasts or collectors when first introduced.
2007 Victory Edition Corvette
To celebrate the success of the Corvette Racing program, especially at the prestigious 24 Hours of Le Mans race, Chevrolet made the decision to manufacture a limited number of special-edition Corvettes that would be sold exclusively in Europe. This special-edition car was limited to just 250 units and marketed to European consumers as the Victory Edition Corvette.