It was another landmark year for Corvette in that the 1997 C5 model was the first all-new Corvette in 13 years and only the fifth or sixth (depending upon your viewpoint) major change in the car's 44-year history.
- The "fifth-generation" Corvette was offered only as a coupe in its debut year.
- Among the equipment featured for the C5 was a new, more compact 5.7-liter LS1 V-8 that produced 350 hp and 345 lbs.-ft. of torque.
- Although the engine was rated as 5.7-liter, the actual dimension was 5.669 liters as opposed to last years model of 5.733 liters
- A rear-mounted transaxle opened up more interior space and helped maintain a near 50/50 front-to-rear weight distribution.
- An Electronic Throttle Control system allowed engineers a limitless range of throttle progression.
- The 1997 Corvette's underbody structure was the stiffest in the car's history and consisted of two full-length, hydro-formed perimeter frame rails coupled to a backbone tunnel.
- The rails consisted of a single piece of tubular steel, replacing the 14 parts used previously.
- The cockpit of the all-new Corvette featured a twin-pod design reminiscent of the original 1953 Corvette.
- The instrument panel contained traditional backlit analog gauges and a digital Driver Information Center that comprised a display of 12 individual readouts in four languages.
- The new-design blunt tail section allowed for smoother airflow and resulting 0.29 coefficient of drag.
- The C5 Corvette was offered with a 4L60-E electronic four-speed overdrive automatic as the base transmission and an optional six-speed manual transmission.
- Corvettes came in Arctic White; Sebring Silver Metallic; Nassau Blue; Black; Light Carmine Red Metallic; Torch Red; and Fairway Green Metallic.
- Interiors came in Black; Light Gray; and Firethorn Red.
- Standard features included a removable body-color roof panel.
- Leather seats were standard equipment.
V.I.N. NUMBERS
- The serial number [Vehicle Identification Number -- VIN] was stamped on a plate on the inner vertical surface of the left windshield pillar visible through the windshield.
- The serial numbers ranged from 1G1YY22G*V5100001 to 1G1YY22G*V5109093
| Position | Character | Description |
| 1 | 1 | US built |
| 2 | G | General Motors product |
| 3 | 1 | Chevrolet Motor Division vehicle |
| 4 & 5 | YY | Corvette |
| 6 | 2 or 3 | Body style number
- 2 = Two door hatchback style 07, 08, 77, or 87
|
| 7 | 2 or 4 |
- 2=Active manual belts with driver and passenger inflatable restraint system
- 4=Active manual belts with frontal and side-impact driver and front passenger inflatable restraint system
|
| 8 | G | LS1 5.7-liter (346 cu. in) Sequential multiport-fuel-injection (SFI) V8 |
| 9 | ? | A check digit that calculates the characters in the serial number and gives it a single digit code and can be used to verify that the serial number is legitimate |
| 10 | V | The model year where 1997 |
| 11 | 5 | Bowling Green, KY |
| 12-17 | 100001 and up | production sequence for coupes |
- Corvette engines have the last six digits of the VIN stamped on the block just ahead of the cylinder head on the right-hand side combined with a three-letter engine code suffix
- Also cast into the top rear of the block is a four-symbol code indicating when the engine was built
- The first letter of the date code shows the month the block was cast
- The one or two numbers shows the month
- The last digit shows the year
- Engine suffixes:
| Code | Engine | Horsepower | Compression | Transmission | Fuel Supply | Extra features |
| ZYD | LS1 350-cid | 345-hp V-8 | 10.1:1 | automatic | multi-port injection | |
| ZYC | LS1 350-cid | 345-hp V-8 | 10.1:1 | manual | multi-port injection | |
- The 1997 Corvette exterior colors were:
- 10 = Arctic White
- 13 = Sebring Silver Metallic
- 23 = Nassau Blue Metallic
- 41 = Black
- 53 = Light Carmine Red Metallic
- 70 = Torch Red
- 87 = Fairway Green Metallic.
- Upholstery Codes
| Color | Leather Upholstery |
| Black | 193 |
| Light Gray | 923 |
| Red | 943 |
IDENTIFICATION
| Model | Model No. | Body/Style No. | Body Type | Factory Price | Shipping Weight | Production Total |
| Coupe | 1Y | Y07 |
2-dr. Hatch Coupe - 2 passenger
| $37,495 | 3229 | 9,092 |
ENGINE
| Feature | Standard Engine (RPO LS1) |
| Type | V-8, 90-degree Overhead valve |
| Block | Cast aluminum block and cylinder head |
| Displacement | 346 cid (5.7 liters) |
| Bore & Stroke | 3.90" x 3.62" |
| Compression ratio | 10.1:1 |
| Brake horsepower | 345 @ 5600 |
| Torque | 350 lb-ft @ 4400 |
| Main bearing | five |
| Valve lifters | hydraulic, two valves per cylinder |
| Fuel supply | Sequential Multi-port injection (MPI) system |
TRANSMISSION
- Four Speed Turbo Hydra-Matic Automatic Transmission (TMH 700-R4) with floor-mounted gear shifter
- Six-speed Manual with overdrive and floor-mounted gear shifter
CHASSIS
| Feature | Coupe |
| Wheelbase | 104.5 inches (2.654 m) |
| Overall length | 179.7 inches (4.564 m) |
| Overall width | 73.6 inches (1.869 m) |
| Overall height | 47.7 inches (1.212 m) |
| Front tread | 62.0 inches (1.575 m) |
| Rear tread | 62.1 inches (1.577 m) |
| Standard Tires Front/Rear | P245/45ZR-17 Goodyear Eagle GT / P275/40ZR-18 Goodyear Eagle GT |
| Steering | rack and pinion (power assisted) |
| Front suspension | Independent SLA forged-aluminum upper and lower control arms and steering knuckle, transverse monoleaf springs, steel stabilizer bar, and spindle offset. |
| Rear suspension | Independent five-link design with tow and camber adjustment, cast-aluminum upper and lower control arms and knuckle, transverse monoleaf springs, steel tie rods and stabilizer bar, and tubular U-jointed metal matrix composite driveshaft. |
| Brakes | Antilock four-wheel power disc |
| Body construction | Fiberglass; integral perimeter frame with center backbone/all-welded steel body frame construction |
| Fuel tank | 19.1 US Gal (15.9 Imp Gal) (72 liters) |
OPTIONS
| RPO CJ2 | Dual-zone air conditioning | $365 |
| RPO AQ9 | Adjustable leather bucket seats, requires six-way power passenger seat | $625 |
| RPO G92 | Performance axle ratio, not available with six-speed manual transmission | $100 |
| RPO CYF | California emission system | $170 |
| RPO JL4 | Active-handling System | $500 |
| RPO Z51 | Performance handling Package with Bilstein adjustable Ride-Control system | $350 |
| RPO F45 | Continuously Variable Real Time Damping, not available with RPO Z51 Pkg | $1,695 |
| RPO AAB | Memory package to recall settings for
- outside rearview mirrors
- radio
- power seats
- heating-ventilation and air-conditioning controls
| $150 |
| RPO UlS | Remote CD changer | $600 |
| RPO UNO | Delco/Bose music system | $100 |
| RPO V49 | Front license plate frame | $15 |
| RPO T96 | Fog lamps | $65 |
| RPO D42 | Luggage shade and cargo net | $50 |
| RPO B34 | Front floor mats | $25 |
| RPO B84 | Body side moldings | $75 |
| RPO C2L | Dual body color-keyed roof panel and blue transparent roof panel | $950 |
| RPO CC3 | Roof panel with blue tint | $650 |
| RPO AG2 | Power six-way passenger seat | $305 |