1978 Corvette Pace Car: A Collector's Guide

Introduction

The 1978 Corvette Pace Car is a limited-edition model that was released to commemorate the Corvette's 25th anniversary and its selection as the pace car for the 1978 Indianapolis 500. With its distinctive black and silver paint scheme and unique features, the '78 Pace Car has become a highly sought-after collectible. This guide provides an in-depth look at the 1978 Corvette Pace Car, covering its history, features, production numbers, and collectibility.

History of the 1978 Corvette Pace Car

25th Anniversary and Indy 500

In 1978, Chevrolet celebrated the Corvette's 25th anniversary. To mark this milestone and the Corvette's selection as the pace car for the Indianapolis 500, a special edition model was created. This was not the first time a Corvette had paced the Indy 500; the Corvette also served as the pace car in 1978. However, the 1978 model was the first official Pace Car replica available to the public.

Design and Development

The design of the 1978 Corvette Pace Car was overseen by Chevrolet's styling department. The goal was to create a visually striking car that would stand out both on the track and on the road. The chosen color scheme was Black Metallic over Silver Metallic, separated by a bold red pinstripe. This distinctive look, combined with special badging and interior features, made the Pace Car instantly recognizable.

Key Features of the 1978 Corvette Pace Car

Exterior Design

The exterior of the 1978 Corvette Pace Car is its most defining feature. Key elements include:

• Two-Tone Paint: Black Metallic over Silver Metallic, creating a striking contrast.
• Red Pinstripes: Bold red pinstripes that separate the black and silver sections.
• Pace Car Decals: Unique decals on the doors and rear deck, commemorating the Indy 500.
• Front and Rear Spoilers: Factory-installed front and rear spoilers, enhancing the car's sporty appearance.
• Aluminum Wheels: Special aluminum wheels, adding to the car's distinct look.

Interior Features

The interior of the Pace Car was designed to complement its exterior aesthetics. Notable features include:

• Silver Leather Seats: Upholstered in silver leather, providing a luxurious feel.
• Deluxe Interior Trim: Enhanced interior trim, including special door panels and carpeting.
• Pace Car Badging: Unique badging on the dashboard and door panels, identifying the car as a Pace Car edition.
• Optional CB Radio: Many Pace Cars were equipped with an optional CB radio, a popular feature in the late 1970s.

Mechanical Specifications

The 1978 Corvette Pace Car was available with two engine options:

• L48 350ci V8: The base engine, producing 185 horsepower.
• L82 350ci V8: The higher-performance option, producing 220 horsepower. This engine also included an aluminum intake manifold and a higher compression ratio.

Both engines were available with either a four-speed manual or a three-speed automatic transmission. The Pace Car also featured a special suspension package, providing improved handling and a sportier driving experience.

Production Numbers and Collectibility

Production Run

Chevrolet initially planned to produce only 2,500 Pace Cars. However, due to high demand, the production run was increased to 6,502 units. This number matched the total number of Chevrolet dealerships in the United States at the time, allowing each dealer to receive at least one Pace Car.

Collectibility

The 1978 Corvette Pace Car is highly collectible due to its limited production numbers and unique features. Several factors influence its collectibility and value:

• Condition: Cars in excellent condition, with original paint and interior, command the highest prices.
• Originality: Unmodified cars with original parts are more valuable to collectors.
• Mileage: Lower mileage cars are generally more desirable.
• Documentation: Original paperwork, including the build sheet and window sticker, can increase a car's value.

Market Value

The market value of a 1978 Corvette Pace Car varies widely depending on its condition and originality. As of 2023, prices range from around $15,000 for cars in fair condition to over $40,000 for pristine, low-mileage examples. Well-maintained L82-equipped cars tend to be more valuable than those with the base L48 engine.

Buying a 1978 Corvette Pace Car

Where to Find One

• Classic Car Auctions: Auctions such as Barrett-Jackson and Mecum often feature 1978 Corvette Pace Cars.
• Online Marketplaces: Websites like Hemmings, ClassicCars.com, and eBay Motors are good resources for finding classic cars.
• Car Clubs and Forums: Corvette enthusiast clubs and online forums can be excellent places to find cars for sale and connect with knowledgeable owners.

What to Look For

• Rust: Inspect the car for rust, particularly in the birdcage frame, underbody, and around the windshield and rear window.
• Originality: Check for original parts and components, as these add to the car's value.
• Matching Numbers: Verify that the engine and transmission are original to the car.
• Documentation: Look for original paperwork, such as the build sheet and window sticker.
• Mechanical Condition: Have a mechanic inspect the car to identify any potential mechanical issues.

Maintaining Your 1978 Corvette Pace Car

Regular Maintenance

To keep your 1978 Corvette Pace Car in top condition, regular maintenance is essential. This includes:

• Oil Changes: Changing the oil and filter every 3,000 miles.
• Fluid Checks: Regularly checking and topping off fluids, including coolant, brake fluid, and power steering fluid.
• Tune-Ups: Performing tune-ups as needed, including replacing spark plugs, wires, and distributor cap.
• Brake Service: Inspecting and servicing the brakes regularly.
• Tire Maintenance: Maintaining proper tire pressure and rotating tires as needed.

Restoration Tips

If you plan to restore a 1978 Corvette Pace Car, consider the following tips:

• Research: Thoroughly research the car's original specifications and components.
• Parts Sourcing: Source original or high-quality reproduction parts.
• Professional Help: Consider hiring a professional restoration shop for major work.
• Documentation: Keep detailed records of the restoration process.

Notable Sales and Auctions

Record Prices

Several 1978 Corvette Pace Cars have sold for impressive prices at auction. Pristine, low-mileage examples with the L82 engine and original documentation command the highest prices. Some notable sales include:

• Barrett-Jackson Auctions: Multiple Pace Cars have sold for over $40,000 at Barrett-Jackson auctions.
• Mecum Auctions: Mecum has also seen high prices for well-preserved Pace Cars, with some examples fetching over $50,000.

Factors Influencing Price

The price of a 1978 Corvette Pace Car is influenced by several factors:

• Condition: Cars in excellent condition, with original paint and interior, command higher prices.
• Mileage: Lower mileage cars are more valuable.
• Engine Option: L82-equipped cars are generally more desirable.
• Documentation: Original paperwork adds to the car's value.

Community and Resources

Corvette Clubs

Joining a Corvette club is a great way to connect with other enthusiasts, learn about the cars, and find resources for maintenance and restoration. Some popular clubs include: — Blue Jays World Series Wins: A Complete Guide

• National Corvette Restorers Society (NCRS)
• National Council of Corvette Clubs (NCCC)
• Local Corvette Clubs: Many local clubs offer events, meetings, and resources for members.

Online Forums and Resources

• Corvette Forum: A popular online forum for Corvette enthusiasts.
• Digital Corvette: Another valuable online resource for Corvette information.
• Corvette Magazine: A leading publication for Corvette enthusiasts.

FAQ

What makes the 1978 Corvette Pace Car special?

The 1978 Corvette Pace Car is special due to its limited production numbers, unique black and silver paint scheme, Pace Car decals, and commemorative badging. It was created to celebrate the Corvette's 25th anniversary and its selection as the pace car for the Indianapolis 500.

How many 1978 Corvette Pace Cars were made?

A total of 6,502 Pace Cars were produced in 1978. This number matched the total number of Chevrolet dealerships in the United States at the time. — Eagles Vs. Giants: How To Watch Live

What engine options were available for the 1978 Corvette Pace Car?

The 1978 Corvette Pace Car was available with two engine options: the base L48 350ci V8 (185 horsepower) and the higher-performance L82 350ci V8 (220 horsepower).

How can I identify a 1978 Corvette Pace Car?

You can identify a 1978 Corvette Pace Car by its black and silver two-tone paint, red pinstripes, Pace Car decals, front and rear spoilers, aluminum wheels, and unique interior badging.

What is the value of a 1978 Corvette Pace Car?

The value of a 1978 Corvette Pace Car varies depending on its condition, originality, mileage, and engine option. Prices range from around $15,000 for cars in fair condition to over $40,000 for pristine, low-mileage examples. — Calculating Time: How Long Till 3:30?

Where can I find a 1978 Corvette Pace Car for sale?

You can find 1978 Corvette Pace Cars for sale at classic car auctions, online marketplaces, car clubs, and forums.

Conclusion

The 1978 Corvette Pace Car is a significant piece of Corvette history and a highly collectible classic car. Its unique design, limited production numbers, and connection to the Indianapolis 500 make it a desirable model for enthusiasts and collectors alike. Whether you're looking to buy, restore, or simply admire, the 1978 Corvette Pace Car is a standout example of American automotive history.