If you were one of the 33 major directors of the Indianapolis 500, you’d now be tooling around in one of the new Chevrolet Camaro Hot Wheels edition convertibles. Chevy lined up 33 of the softtop Hot Wheels Camaros at the Brickyard and gave one to each director—well, for a time, anyway; those directors will be expected to return them eventually—as a way of highlighting both this special-edition Camaro and the run-up to the 500 in May. The bow-tie brand hasn’t put a number on how many Hot Wheels cars it will build, but if past special editions are any gauge, expect around 1500 to see the light of day.

As is the case with the coupe, the premium for the Hot Wheels convertible is $6995. What do you get for nearly seven grand? Well, everything that comes with the Hot Wheels coupe, save for the ZL1′s rear spoiler. For starters, there’s the obvious blue-metalic finish with a matte-black racing stripe running from nose to tail, accented by bespoke, red-trimmed 21-inch wheels that carry a tag of $4780 all by themselves. Hot Wheels badging is added to the front fenders, the grille, and the decklid, but, perhaps, the coolest add-on is the flame detailing on the rear fenders. Inside is a black-leather interior featuring the famous Rick Irons–designed Hot Wheels logo on the seats and the floor mats.

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When it comes to powering the Hot Wheels Camaro, there are two engine choices available: The 323-hp, 3.6-liter V-6 or the 6.2-liter V-8. Both engines can be had with either a six-speed manual or a six-speed automatic, however, the eight-cylinder’s output changes depending on which transmission is selected—400 horsepower with the auto or 426 with the stick. Regardless of which transmission is bolted to the eight-cylinder, it gets an active-exhaust system, which gives us all the encouragement we need to keep the right pedal firmly matted.

By John Lamm