The limited edition Corvette is a celebration of 50 years of memory when the car first joined the 24-hour race in Le Mans. The new Corvette is a combo of the 7.0L V8 LS7 of the Z06 and the brake package and suspension setup of the ZR1. The peak output is still pegged at 505 horsepower.

The aggressive stance of the car can be attributed to the 20 inch rear and 19 inch front wheels hugged by PS2 Michelin tires. Carbon ceramic brakes from Brembo make sure you can stop on time. The suspension employs a Magnetic Selective Ride Control. Completing the package are carbon fiber elements to accessorize the car.

Consumers who want to get mechanical upgrades can get the performance package for Z07. When you get the upgrade, you will have your 2011 Z06 pimped with all the chassis upgrades and the new wheels.

Another carbon package for your regular Z06 is the CFZ Z06 which will give it carbon fiber rockers, roof panel, splitter, and spoiler (by the way, word on the street is that Hertz is planning to use some of these carbon fiber items on their next-gen Corvette ZHZ Convertible). You can get these with or without the Z07 package.

The Corvette Z06 Carbon Limited Edition upgrades will be rolling out this summer. By the way, there will only be two colors for this setup, you can get Supersonic Blue or Inferno Orange.

Corvette will be releasing the Grand Sport Model which will have a suspension system fit for the race tracks and wider body architecture. The Grand Sport Coupe is said to have a sticker price beginning at $55720 while the Grand Sport Convertible will require $59530.

The tag for the coupe increased by $6205 compared to the 2009 base model while the convertible is $5360 more expensive against the previous year’s release. Corvette owners say though that it is worth all the money.

The Grand Sport line can race from 0 to 60 in a matter of 4 seconds. Handling issues from the Z51 has also been improved with new gearing, stabilizer bars, spring configurations, revised shock absorbers, and wider rims and tires.

The LS3 engine is 0.2 second faster than the 2009 model’s performance. Consumers also have an option to upgrade the exhaust system to two modes which can boost the power from 430 horsepower to an impressive 436 hp. The torque will also be improved from 424 to 428 lb-ft.

The major renovations for the new models include wider fenders, rear spoiler, front splitter, brake ducts, Z06 brake set up. They sport 18 inch rims in front paired with 275 mm rubber and 19 inch wheels for the rear with wider 325 mm rubber.

Consumers may also opt for any of the stock colors of Corvette offered in the Grand Sport models. There is also a Heritage package which offers a front fender pimp out in four colors.

A Gulf One Corvette Z06, one of the racing icons of the 1960’s, ruled the block of the recently held Mecum Auction. The Gulf One Corvette Z06 was sold for $1.05 million during the Kissimmee, Florida event.

The top rated vehicle was based on the DNA of the Corvette Sting Ray. The Gulf One was one of the 14 units released I in 1963 specifically designed for tourneys and was among those Don Yenko outfitted vehicles.

It was driven by the Dick Thompson, popularly known as Flying Dentist, to some campaign wins like the Puerto Rico Grand Prix and the GT3 Class Daytona of 1963.

The car was restored to its likeness during the Sebring 12 hours in 1963. The detail of the flares of the modified fenders, which were last minute changes during that time, were also included.

The Gulf One Corvette Z06 has an original 327 V8 power plant which outputs 360 horsepower coupled with a manual four-speed transmission.

During the action, it got the main spotlight among the 750 automotive collectibles. The Corvettes had a 58% sold rate. The total sales for the event amounted to around $16.5 million which is quite a jump frp, $15.2 million during the previous run last 2008.

Other cars that were highly regarded during the event were a 1962 Mercedes-Benz 300SL Roadster that sold for around $525K. A 1969 Corvette L88 was tagged for $305K.

Organizers of the Mecum Auction noted the eagerness of the crowd during the event. They express excitement that the 2004 and 2005 levels of the collector’s market might be seen again this year.

More Car Auction info at Car Auction Online Basics!