1978 can be remembered as the year when two roads crossed: Wall Street and the Indianapolis Motor Speedway. The Wall Street journal reported that the limited edition 1978 Indianapolis Pace Car Replica Corvette was a smart investment. As a result, buyers were paying up to twice the sticker price to have one of these cars in their garages.
Otherwise, the 1978 Chevrolet Corvette celebrated its 25th Anniversary in style. Aside from leading the pace lap at Indy, all cars were given a 25th Anniversary emblem, Electric Defrost!!!!. The car had a slight redesign, including the first fastback rear since 1967 and completely redesigned instruments.
The engine choices remained in the 350-ci small-block V8 category. A 135 kW capable of 185 horsepower and a 164 kW capable of 220 horsepower were available for the 1978 model year.