1998 Chevrolet Corvette Convertible Indianapolis 500 Pace Car

Matching Trailer & Matching Mini Replica | Indianapolis 500 Pace Car Graphics | 1 of 1,163 Units Produced

Extended Warranty
LOT #

260455200

Sports Car

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OFF MARKET VEHICLE
All the information and photos on this listing are from when this vehicle was originally listed on ExoticCarTrader.com
Make:
Model:
VIN:
1G1YY32G1W5120725
Lot Number:
260455200
Odometer:
39,220
(Exempt / TMU)
Engine:
5.7L Naturally Aspirated V8
Drive Type:
Rear-Wheel Drive (RWD)
Transmission:
Automatic
Exterior Color:
Medium Purple Pearl Metallic
Interior Color:
Black/Yellow
Vinyl Wrap:
Vehicle Location:
Arizona
  • 1998 Chevrolet Corvette Convertible Indianapolis 500 Pace Car
  • 5.7L Naturally Aspirated V8
  • Sequential Electronic Fuel Injection
  • 4-Speed Automatic
  • RWD
  • Medium Purple Pearl Metallic Exterior
  • Black/Yellow Interior
  • Black Convertible Soft Top
  • Power Adjustable Seats
  • Dual Zone Automatic Climate Control
  • Performance Ratio Axle
  • Active Handling System
  • Memory Package
  • Power 6-Way Passenger Seat
  • AM/FM Stereo w/ CD & Auto Tone Control
  • Fog Lamps
  • Indianapolis 500 Pace Car Graphics
  • Painted Rims
  • Matching Trailer & Matching Mini Replica
  • Disclaimer: Comes w/ Off-Road, Non-Registered Replica
  • 1 of 1,163 Units Produced (1 of 616 w/ Automatic Transmission)

Overview of 1998 Chevrolet Corvette Convertible Indianapolis 500 Pace Car For Sale by Owner

The 1998 Chevrolet Corvette Indianapolis 500 Pace Car Edition celebrates one of motorsport’s most iconic events, commemorating the Corvette’s official pace car duties at the 82nd running of the Indianapolis 500. Based on the then-new C5 Corvette Convertible, this limited-production special edition combined Chevrolet’s groundbreaking LS1-powered performance platform with distinctive event-specific styling that instantly set it apart from standard Corvettes. Just 1,163 units were produced, with only 616 equipped with the 4-speed automatic transmission, making this already uncommon configuration even more exclusive. This particular example shows approximately 39,220 miles and stands out even further thanks to the inclusion of a matching trailer and matching miniature replica, creating a uniquely collectible presentation for Corvette enthusiasts and Indy 500 memorabilia collectors alike.

Exterior and Interior

The exterior of this 1998 Chevrolet Corvette Convertible Indianapolis 500 Pace Car Edition is unmistakably distinctive, finished in the exclusive Medium Purple Pearl Metallic paint scheme that immediately identifies it as a special-edition model. Factory Indianapolis 500 pace car graphics further separate this Corvette from standard C5s, while the black convertible soft top provides a sharp contrast against the vibrant exterior finish. Fog lamps, sculpted C5 bodywork, and painted wheels add to the visual impact, while the included matching trailer and accompanying miniature replica elevate the presentation into something far more memorable than a typical special-edition Corvette. Whether displayed at a show or enjoyed on the road, this is a package designed to draw attention. The interior of this 1998 Chevrolet Corvette Indianapolis 500 Pace Car Edition continues the commemorative theme with the signature Black and Yellow leather cabin, a bold and instantly recognizable color combination unique to this model. Power-adjustable seating, including a 6-way power passenger seat, memory settings, and dual-zone automatic climate control ensure comfort matches the car’s performance credentials. The cockpit reflects the C5’s major leap forward in Corvette refinement, offering improved ergonomics, modern switchgear, and a factory AM/FM stereo with CD playback and Auto Tone Control. The result is a special-edition interior that remains both functional and distinctly collectible.

Engine

Power comes from Chevrolet’s legendary 5.7-liter naturally aspirated LS1 V8, producing approximately 345 horsepower and 350 lb-ft of torque, an engine widely celebrated for its durability, tunability, and effortless performance. Sequential electronic fuel injection ensures responsive power delivery, while the 4-speed automatic transmission sends power to the rear wheels through the desirable performance axle ratio. This example also benefits from Chevrolet’s Active Handling System, an advanced stability control feature that was relatively cutting-edge for the era and helped improve confidence behind the wheel. Supported by the C5’s lightweight hydroformed chassis, independent suspension, and four-wheel disc brakes, the Pace Car Edition remains an engaging modern classic that blends genuine performance with collectible special-edition significance.

Walk-around Video of this Chevrolet Corvette

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