The 2003 Chevrolet Corvette is part of the C5 group or generation, widely lauded for its improved ride and performance. All trims include sport seats, fog lights, and a dual-zone climate control system. All 2003 cars had 50th anniversary badging in the nose and rear deck.

2003 also brought the special 50th Anniversary Edition Corvette, much sought-after by collectors. Of the 35,000 total 2003 cars produced, 11,000 were the Anniversary Edition, of which 7,000 were convertibles, and 4,000 coupes. The Anniversary Edition (A/E) was a $5,000 option. Specific to the option package were the color (anniversary red, with a shale interior and shale top on the convertible), standard magnetic ride control, 50th anniversary embroidery logos on the headrests and floormats, and special badging on the front fenders.