Complex Says: By the end of its life, the C3 Corvette had gotten pretty sad. The 1980 models were underpowered and only available with automatic transmissions, which effectively neutered them. Power was still fairly low (250hp) until the LT1 came along in 1992. Despite the still-recovering horsepower, GM did make the C4 faster around the track than the C3 by focusing on improving handling as much as possible. All 1986 'vettes were designated Indy Pace Cars.