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It goes from 0 to 60 in 3.7 seconds.

Its top speed is about 200 miles per hour.

At $65,800 some are calling it a bargain.

General Motors announced the price tag for the high-performance Z06 version of its Chevrolet Corvette on Monday, making it the cheapest sports car on the market with more than 500 horsepower.

"A lot of people were expecting it to be in the high $70,000 range or even into the 80s," said Jim Hall, an analyst with consulting firm Auto Pacific. "Sixty-five thousand is astonishing, and it all but guarantees it will sell out in its first year. Probably its first few years."

Built in Bowling Green, Ky., alongside traditional Corvette models, the Z06 has an aluminum frame instead of steel. Its body panels are made of carbon fiber rather than heavier fiberglass. Its 7-liter V-8 engine, hand-built in Michigan, is a liter larger than the traditional Corvette's.

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