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