Sunday afternoon, not long after the dramatic photo finish down at the Brickyard, this 1978 Indy 500 Pace Car edition Corvette came tooling up College Avenue, probably on its way home from the track.
1978 was the Silver Anniversary year for the Corvette, and saw some styling changes for the C3 body style, most notably with the tunneled rear window being replaced with a compound-curved glass fastback (which was fixed in place and not a hatchback.) In addition to a Silver Anniversary edition, every '78 got 25th Anniversary badging.
That wasn't the big special edition for 1978, though, because Chevrolet got the 'Vette in for its first appearance as the Official Pace Car for the Indy 500 and commemorated it with a Pace Car Limited Edition replica.
The Pace Car Limited Edition came with the L82 350cid V-8. With a dual-snorkel air cleaner feeding its four-barrel carb, 8.9:1 compression ratio, and dual exhausts, the L82 made 220 SAE net horsepower at 5,200rpm. A
period test by Road & Track returned a 0-60 time of 6.6 seconds and a 15.3 second quarter at 95mph on the way to a 127mph top speed.
MSRP was $13,653 ($68,400 in today's money), but Chevy's decision to produce enough for every dealership to have one makes this one of the least-limited Limited Editions ever. Chevy hyped its special edition status in advertising, yet when all was said and done, with 6,502 examples produced, better than one in ten '78 Corvettes sold was a Pace Car.
A quick googling shows there are a ton of nice, really low-mileage ones floating around out there, since a large number were bought and parked as "sure-fire future investments" that haven't even halfway kept up with inflation.
As you can see from this photo of a different one, with added side pipes, photographed back in August of 2022, they're not terribly uncommon. I've spotted at least four distinct ones in the neighborhood over the years.
The one above either never had the door decals applied or lost them in a repaint. I'm going to go with the latter, since it has neither the rear quarter IMS logo decal nor the Limited Edition decals on the fenders, both of which were installed at the factory, unlike the door decals that were dealer-installed. Also, the fender badges seem oddly placed and the rear spoiler's not there. It's possible that it could be an attempt to create a Pace Car clone, but why clone such a common car?
The one below was snapped in the summer of '22, like the sidepiped car.
The top car was photographed with a Canon EOS R and an RF 24-105mm f/4L IS lens in May of 2026, the second one with a Fujifilm X-T2 and 16-80mm f/4 R OIS WR lens in August of 2022, the third with an Olympus OM-D E-M1X and a Panasonic Leica 12-60mm f/2.8-4 lens in June of 2024, and the last one with a Nikon D7100 and a 16-80mm f/2.8-4 zoom in September of 2024.