The year 1978 was a special year for the Corvette: the marquee’s 25th year anniversary. No one knew what was in store for this special anniversary year, especially from a pricing perspective. As it turned out, prices would skyrocket beyond belief for the special Limited Edition Pace Car. However, let’s back track to 1977 for the complete details. During the late summer of 1977, the word “on the street” was that the Chevrolet Motor Division was given the honor of pacing the Indianapolis 500 race with a Corvette. A special model was to be manufactured, the Limited Edition Corvette Pace Car, in March of 1978 with each Chevrolet dealer being allocated only one Pace Car. The Pace Car was a limited edition Corvette that included a special serial number for model identification. It was a full option Corvette with black and silver paint, polished aluminum wheels with a red stripe, mirrored glass T-Tops, and a new seat treatment that would not become standard until the 1979 model. An Indianapolis 500 decal kit was included with each model, since this car was designated as the Official Pace Car of the race in 1978. Early buyers were at their Chevrolet dealers before many of the dealers even knew about the special Pace Car’s pricing or allocation.