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1978 Chevrolet Corvette C3 Z87/Z78 Limited Edition Pace Car Coupe

  • Chassis Number: 1Z8748S902212
Just before Chevrolet celebrated the Corvette's 25th anniversary in 1978, the 500,00th example rolled off the production line on March 15, 1977. The 1978 Corvette was given the first major design revision in ten years, featuring a rounded glass rear window and a new fastback body design.

1978 was the Corvette's Silver Anniversary and it was selected to be the Pace Car at that year's Indianapolis 500. The 'Limited Edition,' more commonly known as the Indy 500 Pace Car, was produced with one-off Silver and Black livery with red highlighted striping and Pace Car decals with a coordinated silver leather interior. Initially, three hundred examples of the 'Z78' optioned Indy 500 Pace Cars were intended to be produced in 1978, but its popularity prompted General Motors to produce one for each Chevrolet dealer across the US and Canada.

This particular Z78 Indy 500 Pace Car example was sold through Dick Irwin Chevrolet of North Vancouver, British Columbia, Canada. It is one of 512 examples equipped with the most potent 350 cu-in L82 V8 engine and the close-ratio M21 manual transmission. These two options comprised less than eight percent of the Indy 500 Pace Car production that year.

This Pace Car has been driven 899 kilometers (approximately 559 miles). It is an award winner, claiming a 96.8 National Corvette Restorers Society (NCRS) 'Top Flight' score in 2006.

By Daniel Vaughan | Apr 2024

2024 Broad Arrow Auctions : Amelia

Pre-Auction Estimates :
USD $50,000-USD $75,000 
Sale Price :
USD $53,200

1978 Chevrolet Corvette C3 Auction Sales

Recent Sales of the Chevrolet Corvette C3

(Data based on Model Year 1978 sales)
1978 CHEVROLET CORVETTE PACE CAR EDITION
Chassis#: 1Z8748S904795
Sold for USD$38,500
  2024 Barrett-Jackson : Palm Beach
 
1978 CHEVROLET CORVETTE PACE CAR EDITION
Chassis#: 1Z87L8S903522
Sold for USD$49,500
  2024 Barrett-Jackson : Palm Beach
 
1978 Chevrolet Corvette Silver Anniversary
Chassis#: 1z8748s409624
Sold for USD$11,000
  2024 Mecum : Houston
 
1978 Chevrolet Corvette Silver Anniversary Coupe
Chassis#: 1z8748s424212
Sold for USD$22,000
  2024 Mecum : Houston
 
1978 Chevrolet Corvette Coupe
Chassis#: 1z87l8s416608
Sold for USD$9,350
  2024 Mecum : Houston
 
1978 Chevrolet Corvette Pace Car Edition Coupe
Chassis#: 1z87l8s906443
Sold for USD$40,700
  2024 Mecum : Houston
 
1978 Chevrolet Corvette Pace Car Edition
Chassis#: 1z87l8s900403
Sold for USD$14,300
  2024 Mecum : Glendale
 
1978 Chevrolet Corvette Pace Car Edition Coupe
Chassis#: 1z8748s904434
Sold for USD$49,500
  2024 Mecum : Glendale
 
1978 Chevrolet Corvette Pace Car Edition Coupe
Chassis#: 1z87l8s904950
Sold for USD$33,000
  2024 Mecum : Glendale
 
1978 Chevrolet Corvette Silver Anniversary
Chassis#: 1z87l8s410413
Sold for USD$16,500
  2024 Mecum : Glendale
 
1978 Chevrolet Corvette Coupe
Chassis#: 1z8748s425306
Sold for USD$20,900
  2024 Mecum : Glendale
 
1978 Chevrolet Corvette Pace Car Edition Coupe
Chassis#: 1z8748s902772
Sold for USD$50,600
  2024 Mecum : Glendale
 
1978 Chevrolet Corvette Indy 500 Pace Car
Chassis#: 1Z8748S902212
Sold for USD$53,200
  2024 Broad Arrow Auctions : Amelia
1978 Chevrolet Corvette C3 image  1978 Chevrolet Corvette C3 image  
1978 CHEVROLET CORVETTE SILVER ANNIVERSARY EDITION
Chassis#: 1Z8748S430034
Sold for USD$55,000
  2024 Barrett-Jackson : Scottsdale AZ
 
1978 Chevrolet Corvette Coupe
Chassis#: 1z87l8s417560
Sold for USD$11,000
  2024 Mecum : Kissimmee
 
1978 Chevrolet Corvette Silver Anniversary Coupe
Chassis#: 1z87l8s429333
Sold for USD$22,000
  2024 Mecum : Kissimmee
 
1978 Chevrolet Corvette Coupe
Chassis#: 1z87l8s409412
Sold for USD$16,500
  2024 Mecum : Kissimmee
 
1978 Chevrolet Corvette Pace Car Edition
Chassis#: 1z8748s901706
Sold for USD$49,500
  2024 Mecum : Kissimmee
 
1978 Chevrolet Corvette Pace Car Edition
Chassis#: 1z8748s901769
Sold for USD$28,600
  2024 Mecum : Kissimmee
 
1978 Chevrolet Corvette Silver Anniversary Coupe
Chassis#: 1z8748s424212
Sold for USD$20,900
  2024 Mecum : Kissimmee
 

Chevrolet Corvette C3s That Failed To Sell At Auction

1978 Chevrolet Corvette C3's that have appeared at auction but did not sell.
VehicleChassisEventHigh BidEst. LowEst. High
1978 Chevrolet Corvette Pace Car Edition Coupe1z87l8s9024752024 Mecum : Houston$23,000$35,000$45,000
1978 Chevrolet Corvette Pace Car Edition Coupe1z87l8s9037992024 Mecum : Houston$35,000  
1978 Chevrolet Corvette Pace Car Edition1z87l8s9064432024 Mecum : Glendale$0  
1978 Chevrolet Corvette Pace Car Edition Coupe1z87l8s9057342024 Mecum : Glendale$27,000  
1978 Chevrolet Corvette Pace Car Edition1z87l8s9024942024 Mecum : Kissimmee$14,000  
1978 Chevrolet Corvette Pace Car Edition1z87l8s9039322024 Mecum : Kissimmee$21,000  
1978 Chevrolet Corvette Pace Car Edition1z8748s9045862024 Mecum : Kissimmee$40,000  
1978 Chevrolet Corvette Pace Car Edition Coupe1z87l8s9025542024 Mecum : Kissimmee$22,000  
1978 Chevrolet Corvette Coupe1z8748s4041582023 Mecum : Kansas City$13,000  
1978 Chevrolet Corvette Silver Anniversary Coupe1z8748s4218972023 Mecum : Monterey$13,500  
1978 Chevrolet Corvette Silver Anniversary1z8748s4089162023 Mecum : Indy$30,000$50,000$60,000
1978 Chevrolet Corvette Silver Anniversary Coupe1z87l8s4303782023 Mecum : Indy$35,000  
1978 Chevrolet Corvette Silver Anniversary Coupe1z8748s4341992023 Mecum : Indy$16,000  
1978 Chevrolet Corvette 2023 Spring Carlisle   
1978 Chevrolet Corvette Pace Car Edition 2022 Mecum : Kansas City$13,000  
1978 Chevrolet Corvette Custom Coupe 2022 Mecum : Dallas$19,000  
1978 Chevrolet Corvette Pace Car Edition 2022 Mecum : Harrisburg$55,000  
1978 Chevrolet Corvette Indy Pace Car1Z87L8S9047392022 GAA : July 2022$16,500  
1978 Chevrolet Corvette Silver Anniversary 2022 Mecum Indy$17,000  
1978 Chevrolet Corvette Coupe 2022 Mecum Indy   
1978 Chevrolet Corvette L82 Anniver 2022 Carlisle Auctions : Spring Carlisle   
1978 Chevrolet Corvette Pace Car Edition 2022 Mecum : Glendale$22,000  
1978 Chevrolet Corvette Coupe 2022 Mecum : Kissimmee$22,000  
1978 Chevrolet Corvette Silver Anniversary 2022 Mecum : Kissimmee$40,000  
1978 Chevrolet Corvette Pace Car Edition 2021 Mecum : Chattanooga   
1978 Chevrolet Corvette Coupe 2021 Mecum : Las Vegas$23,000  
1978 Chevrolet Corvette 2021 Fall Carlisle Auction   
1978 Chevrolet Corvette Pace Car Edition 2021 Mecum : Orlando$23,000  
1978 Chevrolet Corvette Pace Car Edition 2021 Mecum : Orlando   
1978 Chevrolet Corvette 2021 Carlisle Auctions : Lakeland Winter Auction   

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1978 Chevrolet Corvette C3

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