Rick Hendrick buys the first 2012 Camaro ZL1 for $250,000 at the Barrett-Jackson auction

Article by Christian A., on September 26, 2011

GM announced that at the Barrett-Jackson auction in Las Vegas on Saturday evening the first 2012 Chevrolet Camaro ZL1 was sold for an impressive $250,000. According to the manufacturer, the car was offered by Fairway Chevrolet-Buick-GMC in Las Vegas, with 100 percent of the auction proceeds benefitting the YMCA of Southern Nevada.

Now here’s the surprise: the car was bought by Rick Hendrick, owner of Hendrick Motorsports and chairman of Hendrick Automotive Group. Mr. Hendrick will take the delivery of his new Camaro in the first quarter of 2012.

Still, don’t think that the car is an ordinary Camaro ZL1 because it’s not! GM says that the car Hendrick just bought features a Carbon Flash Metallic exterior and will be the only model to feature this color. It will be the 69th ZL1 produced at the Oshawa Assembly Plant, in tribute of the legendary 1969 Camaro ZL1, of which only 69 were produced.

According to Chevrolet Marketing Vice-President Rick Scheidt, the 2012 Chevrolet Camaro ZL1 focuses on two aspects: design and advanced performance. This car therefore, he continued, is something that has not been seen in this segment.

Scheidt further said that the 2012 Camaro ZL1 can be considered as the most technically advanced version of this model and as such, the name was taken from the most exclusive and the most elite from the company’s history. For those not familiar, the ZL1 was the name of the racing engine created during the latter part of the 1960s that’s purely made of aluminum. This engine was fitted inside some of the regular production versions of the 1969 Camaro.

It was only for this Camaro model that the engine was used, guaranteeing that the 1969 Camaro would reach the status of legend especially among enthusiasts. It would remain to be the best example of the Camaro’s peak performance, that is, until today. With the 2012 Camaro ZL1, the company hopes that it would serve as a leap forward for this model as it brings performance capability for its segment to new heights.

Powering the 2012 Camaro ZL1 is the supercharged V8 engine with output projected at 550 horsepower, around 410 kW, making this the fastest Camaro from the company. The 2012 Camaro ZL1 though is simply about power as it also has a chassis, as well as suspension systems, that are highly developed and technologically advanced. This gives it track-ready and balanced handling with a braking power that more than complements the engine’s high output.

Development of this model in ongoing with the company expecting that its capabilities will be revealed once the testing is almost over, which is sometime in the later part of 2011. First unveiled during the 2011 Chicago Auto Show, the 2012 Camaro ZL1 is not just the highest performing version but also the most technically advanced in its class.

This model continues the Camaro’s momentum as it moves forward to a new sphere of leading-edge performance technology. Official launch of the 2012 Camaro ZL1 is slated to start during the early part of 2012.

Press Release

First 2012 Camaro ZL1 Offered for Sale Goes for $250,000

The first 2012 Camaro ZL1 offered to the public sold for $250,000 at the Barrett-Jackson auction in Las Vegas on Saturday evening.

The car was offered by Fairway Chevrolet-Buick-GMC in Las Vegas, with 100 percent of the auction proceeds benefitting the YMCA of Southern Nevada.

Rick Hendrick, owner of Hendrick Motorsports and chairman of Hendrick Automotive Group, placed the winning bid and is expected to take delivery of his new Camaro in the first quarter of 2012. His will be the only 2012 Camaro ZL1 coupe produced with a Carbon Flash Metallic exterior. It will be the 69th ZL1 produced at the Oshawa Assembly Plant, in tribute of the legendary 1969 Camaro ZL1, of which only 69 were produced.

Hendrick's generosity will allow the YMCA of Southern Nevada to open its doors many more people who need a helping hand.

The 1969 is the most exclusive and elite Camaro in history. That year, "ZL1" was the code name for the 427-cubic-inch, all-aluminum big-block engine developed for Corvette race cars in the late 1960s, but found its way into 69 Camaros in 1969. The '69 Camaro recently was voted the "best Chevy of all time" in an online contest.

The engine was originally developed as a racing engine for the Can Am series, where early all-aluminum 427 engines had delivered encouraging results in vehicles such as the groundbreaking Chaparral 2F race car. It was similar to Chevrolet's L-88 427 engine, which had an iron engine block and aluminum heads, but the ZL1's aluminum block reduced the engine's overall weight by more than 100 pounds. The ZL1 engine was officially rated at 430 horsepower, but it was known to produce more than 500hp.

The 2012 Chevrolet Camaro ZL1 is equipped with a supercharged 6.2L LSA V-8 engine that delivers 580 horsepower, and 556 lb.-ft. of torque. The ZL1's power is complemented by track-ready, advanced technologies including exclusive Performance Traction Management and third-generation Magnetic Ride Control.

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