- Chevrolet donated the first production version of the new Z06 that will roll off the assembly line this summer, and bidders quickly decided it would be worth owning. In front Barrett Jackson auction this weekend, experts thought it could fetch over a million dollars. Instead, it was about $3.6 million.
- That’s partly because proceeds go to Operation Homefront, which supports military veterans with their needs as they transition back to civilian life die USA
- The Z06, which features a 670-horsepower, 5.5-liter V8, will be available starting at the more affordable price point of $90,000 when it reaches buyers later this year.
It was expected to sell for over a million dollars, but the first retail production 2023 Chevrolet Corvette Z06 sold for $3.6 million at this weekend’s Barrett-Jackson auction in Scottsdale, Arizona. Cars like this get their fair share of attention, but there was another reason VIN #1 sold off the production line for more than triple its expected value, and that’s because 100 percent of the proceeds from the sale go to Operation Homefront, a national nonprofit that works “to build strong, stable, and secure military families so they can thrive in the communities they’ve worked hard to protect.”
The parts used for the 670-horsepower, 5.5-liter LT6 V8 engine in this Corvette could be used in a race car, Corvette chief engineer Josh Holder told local news station ABC15 Arizona. That’s not surprising as this is the most powerful production naturally aspirated V8 ever found in a production car. Production of the new Z06 will begin this summer and will cost around $90,000. By spending $2.7 million more than that, it’s clear this auction was as much about charity as it was about the car.
Upping the ante for military families. The first production in 2023 #Corvette # Z06 The 70th Anniversary Edition cost $3.6 million @Barrett_Jackson. All proceeds from the auction go to @On_Homefront. pic.twitter.com/ppaltjtQBa
-Chevrolet (@chevrolet) January 30, 2022
Operation Homefront President and CEO, retired U.S. Army Brigadier General John Pray told ABC15 that Operation Homefront has responded to more than 50,000 requests for assistance, totaling $35 million in spending. Operation Homefront tweeted its thanks to Chevy for donating the vehicle and said that “it was inspiring to see the crowd so energetically supporting our nation’s military and veteran families.”
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