C4 vettes with moon hubcaps might have a .29 Cd but actual 2002 vettes don't (maybe a small scale plastic model of one did without mirrors or scoops or hood gaps):
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At speed its almost as high as my jacked up miata. C4 were the most aero. The C5 were styled, the c6's went back to Aero, the C7's were styled, with all of the aero in downforce.
Stock C6 ZO6's (505Hp) (aero) run about the same as C7 Z06's (650HP) (styled, with downforce) in the standing mile and are only about 6 Mph faster than Stock, '94 405Hp ZR1's...with nearly 250 more Hp.
If a stock C4 had a stock C7 Z06 motor, it would be at least 10mph faster in the standing mile than a C7 Z06, weighing the same.
Chevy won't post a Cd number for the C7, but it has to be well over .4
A1000lb heavier Hellcat Charger will run away from a C7 Z06 above 120 mph. 57 more Hp isn't why.
The .29 rating is on a list of cds which includes the cd of Monte Carlos and Regals. Looking around elsewhere online, the cd rating of 02 vettes ranges from .29 to .31 which is better than a G body. Of course sedans can have better cd than sports cars which sometimes sacrifice increased drag for more downforce for improved traction. Also, like with accounting, measurement numbers and ratios can be fudged with to reach a desired outcome. Either way, g bodies have a lot of room for improvement concerning air drag.