The auction’s proceeds will go to charity.
Yesterday, General Motors finally opened up a bit and confirmed the mid-engine C8 Corvette is real. Of course, we’ve all known of its existence for awhile now, but this is the first time the company has out-and-out admitted the car is headed to production. We’ll see the production C8 Corvette unveiled on July 18, 2019. However, GM will cease production of the C7 in the coming months, squashing rumors that the company would offer both cars side-by-side
Since the C7 model is going out of production — ending a 66-year production run of front-engine models – the last example will send the generation out with a bang. On June 28, GM will offer the final production unit at a Barrett-Jackson auction in Connecticut.
From there, all proceeds for the sale will go to the Stephen Siller Tunnel to Towers Foundation. Named after New York firefighter Stephen Siller who died during the 9/11 attacks, the foundation supports injured service members as well as the families of fallen first responders. “The sale of this iconic Corvette will help the foundation continue its good work, and pave the way for the Next Generation Corvette that we will introduce on July 18,” said GM CEO Mary Barra.
Last chance for a C7?
While the new model will be a radical departure for the model, now may be a good opportunity to consider the C7. Back in February, reports suggested more than 9,000 examples were sitting on dealer lots. More than that, there was a 232-day inventory for the model, way beyond anything else in GM’s lineup.
Apart from the engine in the front, the C7 Corvette also represents a few other lasts for the brand. For instance, the manual transmission in the Corvette will most likely die with the C7. From this point onward, we suspect the new Corvette will come strictly with a seven-speed dual-clutch transmission. The C8 Corvette will likely also see a significant price hike, which may push it out of reach for some interested buyers.
Find out more about the C8 Corvette below: