1998 Chevrolet Corvette Indy 500 Pace Car

VIN: 1G1YY32G6W5118016
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For Sale
$30,000
Apr 23, 2024
info
This is a Premium Listing. It is being represented by Parker, who is part of our trusted network. Learn more
Premium Listings
Colorado Springs, Colorado, USA
19,559 mi
Automatic
LHD
Original & Highly Original
  • OVERVIEW
  • DESCRIPTION
  • MEDIA
  • HISTORY (2)
  • SPECS
  • COMPS (30)
  • TAXONOMY

About this 1998 Chevrolet Corvette Indy 500 Pace Car

VIN: 1G1YY32G6W5118016

Details

1 of 1,163, this 1998 Chevrolet Corvette Indy 500 Pace Cars has only been driven 19,568 miles and stands as a great example of a rare collectible Corvettes. This car proudly wears its Radar Blue paint with special Indy 500 Pace Car livery. These Pace cars had a special interior combo of a striking yellow and black upholstery to match the exterior.

Powering this Corvette is a 345 hp 5.7 liter V8 LS1 engine paired with a four-speed automatic transmission. Additional features include a manual convertible top, power windows, locks, and mirrors. The wheels were also given yellow paint to match the race livery.

This car was modified with aftermarket cold air intake, exhaust, and a retro-style engine cover. A third party inspection was performed and can be viewed at this link. Also performed were third-party photos, and a CarFax search revealed no accidents.

The current owner has owned the car since 2019 and is located in Colorado. Included in the sale are the original matching floor mats.

This Corvette is available in Colorado as a Premium Listing on CLASSIC.COM. being sold by Robert Lewis.

About the model

The Chevrolet Corvette 1998 Indy 500 Pace Car was a limited edition variant of the C5 Corvette that was offered for the 1998 model year. Created to celebrate the use of the C5 Corvette as the pace car for the 1998 Indianapolis 500, the 1998 Pace Car Edition was only offered in a convertible body style that was painted in Rader Blue with pace car graphics, and featured a distinctive black and yellow interior. These cars were powered by Chevrolet's LS1 engine, which was a 5.7L V8 with an output of 345hp that drove the rear wheels through a 6 speed manual or 4 speed automatic transmission. Only a total of 1,163 examples of the 1998 Chevrolet Corvette Indy 500 Pace Car were built, with 547 featuring the manual transmission, and 616 featuring the automatic.

Features and Specs

  • VIN: 1G1YY32G6W5118016
  • 19,568 miles
  • 5.7L V8 engine (LS1)
  • Manual convertible top
  • 4-Speed automatic transmission
  • 1 of only 1,163 built
  • Power windows, locks, mirrors
  • Radar blue paint w/specialty pace car graphics
  • Yellow and Black leather seats

Known Modifications

  • Custom engine cover
  • Custom air-intake
  • Aftermarket exhaust

Due Diligence

  • Accident free CarFax 4/24/2024
  • Third-party photos
  • Third-party inspection found here

Ownership History

  • 2019- Purchased by the current owner in CO
  • 2004- 2nd owner purchased the car in CO
  • 1998- 1st owner made initial purchase in CO

Service History

  • Due to the nature of the sale, the seller does not have service records available. We have provided an inspection report and we encourage buyers to have their own performed.

Known issues

  • Blemish on the drivers and passengers seat
  • Tire Pressure Monitoring System is not functioning

Included in the sale

  • Original floor mats

Market Summary

The Chevrolet Corvette 1998 Indy Pace Car - C5 (1998 to 1998) market. See Similar Markets

CMB $29,253
The CLASSIC.COM Market Benchmark (CMB) represents a benchmark value for vehicles in this market based on data accumulated by CLASSIC.COM. Actual market value for a specific vehicle will depend on various elements, including the condition of the vehicle.
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The Chevrolet Corvette 1998 Indy 500 Pace Car was a limited edition variant of the C5 Corvette that was offered for the 1998 model year. Cre... Learn more.
There are 98 Chevrolet Corvette - C5 for sale across all model years (1997 to 2004) and variants, 4 are 1998 Indy Pace Car and 4 are model year 1998 . There were 41 1998 Indy Pace Car sold in the last 5 years.

Vehicle History

A timeline of events that we've detected for this vehicle.

Apr 14, 2004
Purchase reported via public record for $22,197
Colorado, USA
Jul 31, 1999
Purchase reported via public record for $50,000
Colorado, USA

Comps

Comparable recent listings. See related attributes next to the score.

1998 Chevrolet Corvette Pace Car Edition Convertible

Original & Highly Original
6865 mi 10k mi
Manual transmission Automatic
LHD steering LHD
Sold
$22,000
Mecum
Apr 4, 2024
98% Relevance
Relevance Score Criteria

Model
Year
Make
Model Family
Model Generation
Model Variant
Model Trim
Powertrain
Engine
Transmission Type
Drive Type
Mileage
  • 10K - 21K
Body
Vehicle Type
Body Style
Doors
Driver Side
Ext. Color Group
Int. Color Group
Other Details
Originality
Location
Recency

1998 Chevrolet Corvette Indy Pace Car Convertible

Original & Highly Original
6865 mi 62k mi
Manual transmission Automatic
LHD steering LHD
Sold
$31,900
Apr 19, 2024
90% Relevance
Relevance Score Criteria

Model
Year
Make
Model Family
Model Generation
Model Variant
Model Trim
Powertrain
Engine
Transmission Type
Drive Type
Mileage
  • 42K - 63K
Body
Vehicle Type
Body Style
Doors
Driver Side
Ext. Color Group
Int. Color Group
Other Details
Originality
Location
Recency

1998 Chevrolet Corvette Convertible Indy 500 Pace Car Edition

Original & Highly Original
6865 mi 53k mi
Manual transmission Automatic
LHD steering LHD
Not Sold
$16,750
info
Highest Bid
AutoHunter
Dec 12, 2023
90% Relevance
Relevance Score Criteria

Model
Year
Make
Model Family
Model Generation
Model Variant
Model Trim
Powertrain
Engine
Transmission Type
Drive Type
Mileage
  • 42K - 63K
Body
Vehicle Type
Body Style
Doors
Driver Side
Ext. Color Group
Int. Color Group
Other Details
Originality
Location
Recency

Specs

Details about this vehicle - curated by our market specialists.

Year
1998
Model Family
Model Generation
Model Variant
1998 Indy Pace Car Edition
Model Trim
-
Engine
5.7L V8 (LS1)
Transmission
Automatic
Drive Type
Rear Wheel Drive (RWD)
Originality
Original & Highly Original
Mileage
19,559 mi
VIN
1G1YY32G6W5118016
Vehicle Type
Automobile
Body Style
Convertible
Doors
2 Doors
Driver Side
Left Hand Drive
Ext. Color Group
Purple
Int. Color Group
Yellow
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