Barrett-Jackson

Bidder pays $400,000 for first production 2020 Chevrolet Corvette Convertible at auction

The first 2020 Chevrolet Corvette Convertible off the line was auctioned for charity tonight.

Photo courtesy of Barrett-Jackson/Facebook

The United Way for Southeastern Michigan was a double beneficiary on Friday night. Proceeds from the sale of the first production 2021 Ram 1500 TRX Launch Edition and the 2020 Chevrolet Corvette Convertible benefitted the charity. The winning bid for the C8 Corvette Convertible was $400,000.

The Corvette Convertible traces its roots back to the original 'Vette - the 1953 model was only available as a rag top. The modern C8 Corvette Convertible engineered the hard top to provide a quieter cabin, increased security, and a cleaner look than previous convertible designs. It can be activated at speeds u pro 30 mpg and retracts in 16 seconds.

The roof is powered by six electric motors — a Corvette first. A body-colored roof is standard, while Carbon Flash metallic-painted nacelles and roof are optional.

A divider glass window in the middle of the vehicle can be power adjusted with the top up or down. In addition to the roof, the car as the same rear spoiler used on the Stingray coupe's Z51 Performance Package, resulting in identical drag between the coupe and convertible with the top up.

The chassis was tweaked for the convertible, giving the convertible nearly the same performance as the coupe.

Like the Stingray coupe, the convertible is powered by a 6.2-liter V8 engine that produces 495 horsepower and 470 pound-feet of torque. The engine is paired with an eight-speed dual-clutch transmission.

The 2021 Chevrolet Corvette Convertible has a $68,495 starting MSRP.

Last year, Rick Hendrick, founder and CEO of Hendrick Companies, placed the winning bid for the 2020 Chevrolet Corvette Stingray VIN 0001 at the Barrett-Jackson Scottsdale Auction. All proceeds from that sale benefitted the Detroit Children's Fund, a nonprofit focused on high-potential investments to provide Detroit school children the opportunity to receive an excellent education.

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The Denali Ultimate trim is new for 2023.

GMC

The GMC Yukon has always been a luxurious family hauler with beefy capability, but it moved even more upmarket in recent years with added tech and upscale interior materials. GMC just announced an even cushier version of the SUV for the 2023 model year. The Yukon Ultimate Denali gets unique styling touches and upgrades that take the already plush SUV to another level.

2023 GMC Yukon Denali Ultimate22-inch wheels are standard GMC

The Denali Ultimate gets exclusive upgrades over other trims that include 22-inch wheels and chrome accents outside. The full-size SUV just got a complete redesign for 2021, which brought updated boxy styling, and a sleek look, so there are no additional exterior changes for 2023.

GMC offers three engines in the standard Yukon, but only two make it into the Ultimate. The standard powertrain includes a 6.2-liter V8 that produces 420 horsepower. A 3.0-liter turbodiesel is also available that makes 277 horsepower and a whopping 460 pound-feet of torque. A ten-speed automatic transmission is standard for all engines, and four-wheel drive is available.

Inside, the Ultimate comes with Alpine Umber full-grain leather upholstery with 16-way power front seats and massaging. Trim-exclusive contrast stitching and aluminum trim accent the space, and the top model gets an 18-speaker Bose audio system with stainless steel speaker grilles.

2023 GMC Yukon Denali UltimateGrained leather upholstery and upscale interior finishes are standard. GMC

A 10.2-inch infotainment touchscreen comes standard, and offers Google services built in. Wireless Apple CarPlay and Android Auto are also standard, along with wireless phone charging. A Wi-Fi hotspot and Amazon Alexa functionality are available. GMC also offers Super Cruise hands-free driving system in the Denali Ultimate.

GMC hasn’t detailed pricing for the new SUV yet, but we expect it to start at a premium over the standard Denali, which starts at just over $70,000.

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The Z06 isn't on sale yet, but it's already raising money for charities.

Chevrolet

Just a couple years ago, the Chevrolet Corvette got a major overhaul that completely changed its design, personality, and performance. The car moved to a mid-engine layout for the first time, and its V8 produces thundering performance at a reasonable price. As it has always done with the Corvette, Chevy's laying out special editions for the car, and one of the first in the new generation will be the 2023 Corvette Z06. An early Z06 sold at a Barrett-Jackson auction this weekend to raise money for charity, and the final dollar amount crested the $1 million mark.

2023 Chevrolet Corvette Z06The car raised $1 million at the Palm Beach Auction. Chevrolet

The car crossed the block at the Palm Beach Auction, which took place on April 9. It's the first production model of the car, which builds on the mid-engine eighth-generation Corvette. It's powered by a 670-horsepower 5.5-liter flat plane-crank V8, which sends its power to the rear wheels through an eight-speed dual-clutch automatic transmission. The engine revs much higher than a standard V8 and features a distinct sound. Chevy says the Z06's engine offers the most horsepower of any naturally aspirated V8 on sale.

2023 Chevrolet Corvette Z06Rick Hendrick was the winning bidder for the car. 2023 Chevrolet Corvette Z06

The car's $1 million price tag raised money for the Thurgood Marshall College Fund. The organization supports training of educators at Historically Black Colleges and Universities (HBCU) and Predominantly Black Institutions (PBI). This auction, together with the first retail version of the car auctioned earlier this year, brings the Corvette's total charity haul to $4.6 million in 2022.

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