Gulf Coast Exotic Auto

2137 E Pass Rd, Gulfport, MS 39507
4.6
4.6 out of 5 stars

Used 1978 Chevrolet Corvette

For Sale:$59,900
Estimated payment:$1,358/mo.
$0 trade-in, 10% down payment, 48 months, Great credit score
  • Coupe
  • Condition
    Used
  • Transmission
    Automatic
  • Exterior Color
    two tone black and silver with red pinstriping
  • Interior Color
    Silver
  • VIN
    -

Engine

350Ci small block V8

Message from the seller

1978 Chevrolet Corvette Indy 500 Pace Car now available with Gulf Coast Exotic Auto **Official 62nd Annual Indianapolis 500 Pace Car Edition ** Only 50 Miles ** Collector-Owned ** Now available is this highly preserved 1978 Chevrolet Corvette Indy 500 Pace Car Edition, showing only 50 original miles. Finished in its factory-correct two-tone Black and Silver exterior with red striping over Silver leather interior, this Corvette is one of the most iconic special editions produced during the C3 era. Built to commemorate the 62nd Annual Indianapolis 500 held on May 28, 1978, this example remains in remarkable time-capsule condition. Powered by a 350ci L48 V8 engine paired with an automatic transmission, this Pace Car features factory equipment including front and rear spoilers, mirrored glass T-tops, special aluminum wheels, power steering, and four-wheel disc brakes. The car retains its original graphics package and has been meticulously stored as a collector example since new. The interior features silver leather bucket seats, power windows, tilt-telescoping steering column, factory radio, air conditioning, and the original gauge cluster showing just 50 miles. All trim, glass, decals, and finishes remain consistent with long-term preservation. With only 6,502 Indy Pace Car editions produced in 1978 and very few surviving in this mileage and condition, this Corvette represents a rare investment opportunity and a significant piece of Chevrolet and Indianapolis 500 history. For more information, please call Chris at 228-547-3600. We Offer Finance Options, Trade-Ins, Extended Warranties, and Worldwide Shipping. Although every reasonable effort has been made to ensure the accuracy of the information contained on this site, absolute accuracy cannot be guaranteed.

1978 Chevrolet Corvette: A Year of Iconic Design and Performance

The 1978 Chevrolet Corvette marked a pivotal moment in the evolution of this legendary American sports car. Building upon the stunning Mako Shark II-inspired design introduced in 1973, the '78 model year saw a refinement of aesthetics and a strong emphasis on performance and features, solidifying its status as a true icon of its era.

Key Features and Innovations:

  • The New Fastback Silhouette: The most significant visual change for 1978 was the adoption of a fixed glass fastback rear. This departure from the previous year's removable rear window created a sleeker, more aerodynamic profile and a larger, more accessible cargo area. This new design also contributed to improved structural rigidity.

  • The Pace Car Replica: Perhaps the most memorable aspect of the 1978 Corvette was its role as the Official Pace Car of the Indianapolis 500. This honor was celebrated with a limited-production Pace Car Replica model. These highly sought-after Corvettes featured a distinctive two-tone silver and black paint scheme, a front air dam, a rear spoiler, and unique fender louvers. The interior sported a special red, white, and blue stripe fabric and a mirrored T-top panel. A total of 6,502 Pace Car Replicas were produced, many of which were optioned with the L82 engine and performance packages.

  • Standard Power and Performance: While the iconic 454 cubic inch big-block engine had long been retired, the 1978 Corvette continued to offer robust V8 power.

    • The L48 350 cubic inch V8 was the standard engine, producing a respectable 185 horsepower.
    • The optional L82 350 cubic inch V8 was the performance-oriented choice, boasting a higher compression ratio and more aggressive camshaft, delivering 220 horsepower. This engine was particularly popular and often paired with the aforementioned performance packages.
  • Transmission Options: Buyers could choose between a three-speed automatic transmission for comfortable cruising or a four-speed manual transmission for a more engaging driving experience.

  • Refined Interior: The interior received a subtle refresh, enhancing comfort and driver focus. New standard features included power windows and an improved sound system. The overall layout remained driver-centric, with essential gauges easily accessible.

  • Performance Handling Package (FE7): For enthusiasts seeking enhanced agility, the optional FE7 Gymkhana suspension provided stiffer springs and shocks, a larger front stabilizer bar, and rear stabilizer bars, significantly improving cornering capabilities.

  • Other Notable Options and Features:

    • Air Conditioning: A popular comfort option.
    • Power Steering and Power Brakes: Standard on all models for ease of driving.
    • Tilt-Telescopic Steering Wheel: Allowing drivers to adjust the steering column for optimal comfort.
    • AM/FM Radio with Tape Player: Offering early forms of in-car entertainment.
    • Limited Slip Rear Axle: A desirable option for improved traction.

Impact and Legacy:

The 1978 Corvette successfully blended iconic styling with improved practicality and desirable features. The introduction of the fastback design was a bold and ultimately successful move, setting the stage for future Corvette generations. The Pace Car Replica, in particular, captured the imagination of enthusiasts and remains one of the most collectible C3 Corvettes. Despite emissions regulations tempering outright horsepower figures, the 1978 Corvette continued to represent American performance and automotive artistry, leaving an indelible mark on the history of the Chevrolet Corvette.

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Listed on October 28, 2025 (6 months ago)
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