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Final Seventh Generation Corvette Sold for $2.7 Million

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2019 Chevrolet Corvette Stingray

A while back, we covered the end of the seventh-generation Corvette. The last model was slated to be sold at an auction held at the opulent Mohegan Sun casino in Connecticut. And boy howdy, this vehicle sold for a cool $2.7 million.

The winning bid broke records for an automaker-donated vehicle. Rest assured, all of that cash for the black Z06 went to a good cause — the Stephen Siller Tunnel to Towers Foundation.

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This charity builds mortgage-free, disability-accessible smart homes for catastrophically injured veterans and their families, and pays off the mortgages of service members or first responders killed in the line of duty. So far, the foundation has built 85 accessible homes. The proceeds from the auction will fund the construction of at least five more homes.

Frank Siller, chairman and CEO of the Stephen Siller Tunnel to Towers Foundation, expressed his delight with the sale. He looks forward to seeing the positive impact this donation will have on veterans in need.

Steve Hill, GM U.S. Vice President of Sales, Service and Marketing, was also proud of the event. “It’s appropriate that the most iconic vehicle ever built in the U.S., has the honor of being the highest auctioned vehicle at Barrett-Jackson for a charity,” he remarked.

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GM has long been committed to giving back to veterans. The automaker’s current and retired workforce includes over 60,000 veterans, and for the past five years, the company has supported the Stephen Siller Tunnel to Towers Foundation. Last year, GM helped raise $2.2 million, with proceeds coming from the first 2019 Corvette ZR1. NASCAR team owner Rick Hendrick purchased that hot rod for $925,000.

Source: Big News Network