The 1995 Chevrolet Corvette featured many changes, but is best remembered as the last year of the ZR-1. The ZR-1 was much-loved by its drivers and collectors, but the powerful car seemed to have priced itself out of the market; the only true difference between the ZR-1 and LT-1 was a more powerful engine. By this time, the LT-1s had grown so powerful and efficient that they were fast on the heels of the ZR-1s.

The base engine for 1995 was a 5.7-liter, 350-ci LT-1 V8, still rated at 300 horsepower, while the ZR-1 had an LT-5 engine rated at 405 horsepower. Changes for 1995 included strong brakes with larger front rotors and improved gas-charged shock absorbers.

The 1995 Corvette was selected to be the pace car for the Indy 500.