Update: The last Chevrolet Corvette C7 was sold for $2.7 million, donated to build homes for the heavily injured service members returning home.

After closing down production of the Convertible and Coupe, it has come down to the last 7th-generation Corvette which Chevrolet will ever produce.

The last one off the assembly line will be sold at the 2019 Northeast Auction by Barrett-Jackson this Friday, June 28th, at Mohegan Sun, Connecticut.

General Motors and Barrett-Jackson will waive all profits from the sale, donating the money to the Stephen Siller Tunnel to Towers Foundation, which will use the proceeds to build homes for disabled servicemembers returning home.

The Chairman and CEO of General Motors – Mary Barra announced the sale:

“The sale of this iconic Corvette will help the foundation continue its good work, and pave the way for the next-generation Corvette that we will introduce on July 18”

The car actually doesn’t exist yet. Its production date is yet to be determined, so an identical-looking, black Z06 Coupe will appear on the auction block. The Corvette sports the Adrenaline red trim and special-tailored red leather interior.

The new 2020 Chevrolet Corvette will use a mid-engine layout with possibly a dual-clutch transmission, so this example is the last of a dying kind. Even though the C8 will take the brand to a new level of performance, the C7 is still a powerhouse.

Under the hood lives a 6.2-liter, supercharged V8 engine. The LT4 engine features a special-alloy aluminum head, forged aluminum pistons and lightweight connecting rods. Power comes from a 1.7-liter Eaton TVS Supercharger.

The engine will generate up to 650 hp and 650 lb-ft of torque and push the car from 0 to 60 mph in 3.7 seconds and up to 185 mph top speed.

A 7-speed manual transmission for that analog driving experience and sufficiently large Brembo brakes for the stopping power.

Not bad for a vehicle going extinct.

The new 2020 Chevrolet Corvette C8 will be unveiled on July 18th, after years of intensive speculation and air-tight information blackout by General Motors.