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The Z06 arrived for the 2006 model year as a homologation vehicle in the third quarter of 2005 and is the lightest of all Corvette models. The Z06 was equipped with the largest-displacement small-block engine ever produced, a new 7,011 cc (7.0 L; 427.8 cu in) V8 engine codenamed the LS7. The engine has a power output of 505 hp and 470 lb⋅ft.
2017 corvette c7 z06
You can find a newer, low-mileage, Corvette at a price point that is reasonable when looking at a C7 vs the competition. You'll pay more than you would for a Mustang, Challenger or Camaro, but you'll get a lot more car for the money too. 
The Zagato company took a C7 Corvette Z06 and transformed it into the IsoRivolta GTZ, a "spiritual descendant" of the Iso Grifo A3/C (Corsa).  The original A3/C race car was developed by Giotto Bizzarrini not long after he left Ferrari, where he had served as cheif engineer behind the 250 GTO, which is revered as the world's most expensive car.  Bizzarrini purportedly fancied the A3/C as his "own personal evolution of (and improvement upon) the GTO design."
For only the second time in Chevrolet history, a Corvette is now available in a Drivers Series special edition. Actually, there’s four, all Grand Sports designed in collaboration with Corvette Racing team drivers Milner, Gavin, Magnussen and Garcia. The idea came from Chevrolet exterior design manager Kirk Bennion, a racing fan who was also at the Rolex 24, according to Corvette Marketing Manager Todd Christensen. Four Drivers Series special editions is definitely more fun than one.
The 427 Limited Edition option, code Q8A and Z44, was limited to 505 examples globally with 427 destined for North American customers. As a retirement gift to Wil Cooksey, the Corvette plant manager from 1993 to 2008, he chose the color scheme and hand signed and numbered the underside of the armrest console lids on all 505 examples in which this example is #6. As part of the package, the seats and the floor mats have “427” embroidery, and the center-console trim plate is color matched.
There were only 20 Z06s produced with the Competition Sport package for worldwide purchase. This Z06 is powered by a 7.0-liter LS7 V8 engine producing 505hp and 424 ft/lbs torque, paired to the 6-speed manual transmission. The LS7 engine can propel this Z06 from 0-60 mph in 3.6 seconds. This Z06 CSR features leather interior, articulated sport seats, premium audio system, CD player and heads-up display.
A successor to the ZR-1 made its debut in 2001 as the Z06, giving a nod to the high-performance Z06 version of the C2 Corvette of the 1960s. The Z06 uses a tuned version of the standard LS1 engine (designated the LS6), with a higher power output of 385 hp (390 PS; 287 kW), later bumped to 405 hp (411 PS; 302 kW) starting in 2002.