Watch the First Retail 2020 Chevrolet Corvette Convertible Hammer for $400,000

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Turning our attention to the black-over-black Corvette, you’re looking at the 3LT equipment group with GT2 seats, red seatbelts, and the Z51 Performance Package that used to retail at $5,000 for the 2020 model year. The corner-carving vehicle is also rocking 19- and 20-inch aluminum wheels with a five-spoke design, machined finish, and Carbon Flash paint.

Estimated to have retailed at $90,000 out of the dealership lot, this machine combines a small-block V8 with a dual-clutch transaxle. LT2 is how Chevrolet refers to the dry-sump engine, which develops 495 horsepower and 470 pound-feet (637 Nm) with the optional NPP performance exhaust.

An evolution of the LT1 that Chevrolet used in the seventh-generation Corvette, the 6.2-liter lump is capable of maintaining oil pressure at up to 1.25 G of lateral acceleration. The dry-sump design also requires less oil, namely 7.5 quarters or 2.25 quarts less than the LT1.

Chief engineer Tadge Juechter explained that Corvette owners have asked for a dual-clutch transmission, hence the Tremec-developed transmission. As for the actual reason for its adoption, a torque-converter auto decelerates the car when shifting whereas a dual-clutch setup avoids this compromise.

After two years of production, the mid-engine Stingray will be joined by the mid-engine Z06 for the 2022 model year. Expected to be revealed in July 2021, the first performance-oriented version of the C8 will feature a flat-plane crankshaft V8 derived from the powerplant in the C8.R racecar.