Chevy’s 2014 Corvette Stingray Sells for $1.1M

A price bid of $1.1 Million ended the auction for the first Chevrolet Corvette Stingray ever produced. Now who is this winning bidder and how much does he love sports cars? His name is Rick Hendrick, the current owner of the American NASCAR Team, also known as Hendrick Motorsports. This man also owns the 6th largest auto dealership in the US, the Hendrick Automotive Group in South Hill, Virginia. He was a race car driver in his younger years and so was his father.

Hendricks knows what kind of car he was dealing with. The 2014 Chevrolet Corvette Stingray is not called that for nothing. It is the most powerful model for a Chevrolet, with a 450 horsepower and 440lb-ft torque that’s able to accelerate from zero to 60 mph in less than 4 seconds. It is said to be the most fuel-efficient model, with an EPA exceeding 26 mpg of the current Corvette. The awe-inspiring race car boasts a breath-taking body design, which Hendricks have the privilege to paint and design however he wants, as part of taking home the coveted sports car.

Advanced technologies have created the lightest materials used in the car seats, with exceptional frame support and an eight-inch configuration screen that doubles as infotainment. The seven-speed manual transmission is new to the Corvette enthusiasts. It’s got the Active Rev Matching which intelligently anticipates gear selection and matches the gear shift to engine speed. The engine combines cutting-edge technologies of V-8, direct injection, Active Fuel management, valve timing and an advanced combustion system for more power and less fuel consumption.

The exterior is sculptured with the lightest materials car sports technology has to offer today. It has the removable carbon-fiber roof panel, a carbon-nano composite underbody and a new aluminum frame that shifts rearward for optimal weight distribution.

Hendrick’s love for cars prompted him to snatch the 2014 Chevrolet Stingray at the Barrett-Jackson car auction in Scottsdale, Arizona.

The car had a sticker price of $60,000 but auctions are unpredictable and it’s probably how the sports car fetched a hefty $1.1 million.

The money for the sale is to raise charity funds for a top school for auto designers, the College for Creative Studies in Detroit. It wasn’t the only sports car Hendrick bought that week. After signing a check for his new Chevy Stingray, he splurged into buying another Corvette for $270,000. This time, it’s a 1958 model owned by General Motors CEO Dan Akerson.