Drivetrain choices unfortunately hit a new low in 1982. Basically there were no choices. Only one engine was possible: 350 cu. in., 200 hp. Mated to it was a four speed automatic transmission new that year to Corvettes. It featured a new fuel saving torque convertor clutch in gears two three and four. A manual transmission was not available. California Corvettes were the same as those sold elsewhere.

"Cross-Fire Injection" emblem as featured on the front fender of 1982 Corvettes.

The 1982 Corvette engine bay did offer a glimpse into the future. A new fuel delivery system called "Cross-Fire Injection" made it's debut. Sometimes called "Throttle Body Injection", it can be thought of as a combination of a carburetor and fuel injection. The new system enabled the engine to be rated at 200 hp and still satisfied the increasingly stringent anti-smog regulations. A new electrical fuel pump integral to the gas tank was part of the system.

First available in 1981 automatic transmission Corvettes, a new weight saving and performance enhancing fiberglass leaf spring was part of the rear suspension in all 1982 Corvettes.

It was well known that a new generation of Corvettes was in the works and that 1982 would be the last of the C3s. The occasion was commemorated by a special "Collector Edition" Corvette. Exclusive to the Collector Edition was a frameless hatchback supported by gas struts making access to the storage area much easier.

A distinctive two tone silver-beige paint was also part of the Collector Edition with a gradient or "fading shadow" motif on the side and hood. A clear lacquer top coat added gloss and depth. Distinctive cloisonné emblems completed the package. The look was unique and a year later is still positively embraced.

The Collector Edition did get a distinctive (but not sequential) VIN but was not a limited production quantity. 9,759 were sold. The Collector Edition broke new Corvette ground with a price over $20,000; $22,537.59 to be exact. A generous list of options was included.  A leather wrapped steering wheel, distinctive door trim, special bronze tinting on the glass roof panels and a leather covered horn button. Distinctive wheels were included. They were similar to the 1967 optional cast aluminum wheels; both cars were the last of their generation.