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In 1988 The Corvette received a new 6-speed manual transmission. The standard 350 V8 gained 5 bhp due to a slight increase in the compression ratio. However, the big news was the introduction of the "King of the Hill" Corvette: the ZR-1 (RPO ZR1). The ZR-1's main feature was the LT5, a highly modified version of the 350 V8, developed with the help of Lotus, and built by Mercury Marine. The LT5 featured a very modern dual overhead cam, 32 valve design which put out a whopping 375 bhp. The ZR-1 also featured a distinctively wider back end and square tail lamps. The main problem was price. The ZR-1 cost nearly $60,000 (and many sold for much more than MSRP), compared to the base corvette coupe priced at $33,000 and convertible at $38,000.
BUYING A CORVETTE
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