Money From $3M Sale Of C8 Corvette VIN #0001 To Benefit Detroit Children’s Fund
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General Motors successfully auctioned off the first-ever production C8 Corvette Stingray to the tune of $3 million at Barrett-Jackson’s Scottsdale auction over the weekend. All proceeds from the sale will benefit the Detroit Children’s Fund – a non-profit aimed at providing less fortunate youth with a quality education.
The Corvette, which is the first mid-engine production Corvette ever and wears VIN #0001, was sold to Rick Hendrick, who owns Hendrick Motorsports and a variety of other companies under his Hendrick Companies umbrella. Hendrick is known for purchasing the first production model of various Chevrolet vehicles, including the first 2014 Camaro Z/28 and the first production C7 Corvette ZR1, both of which he purchased for six figure sums at previous Barrett-Jackson auctions.
“I am the number one Corvette junkie in the world,” Hendrick said after the sale. “Thanks to Chevrolet and Barrett-Jackson, because they always pick charities that are so good and help so many people.”
GM CEO Mary Barra at Barrett-Jackson Scottsdale 2020
The car that was physically present at Barrett-Jackson Scottsdale, a Torch Red example, is not the actual first production Corvette. The actual car, which will be built after production begins at Bowling Green Assembly in February, will be a black-on-black 3LT trim with the Z51 performance package.
GM says The Detroit Children’s Fund will use the proceeds from the Corvette auction to fund “comprehensive school interventions that result in academic success for kids.” These “interventions” are focused on helping good schools grow and ensuring underperforming schools can improve. In addition to the intervention programs, the money will also be used to help recruit, develop and retain strong school leadership and teaching talent.
Customer deliveries of the C8 Corvette are expected to begin before the end of February. The car was originally set to enter production in December, however its arrival was significantly delayed due to the 40-day UAW strike. GM is currently re-tooling the Bowling Green Assembly plant and re-training employees at Bowling Green Assembly on how to build the new mid-engine sports car. Deliveries to customers in other markets, such as Saudi Arabia, won’t begin until later in the year, while Australia won’t receive the right-hand-drive version of the car until 2021.
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Hendricks strikes again. His obsession to have every 001 Vin that comes off the Chevy assembly line.
I only wish that GM could build lots more of these corvettes per year. Hope GM can generate its build rate up to a level where all who wish for one of these beautiful cars could have one in less than 2 years. With the worldwide interest in this auto, it will take several years before the average guy can take delivery