The 1987 Chevrolet Corvette got new roller lifters in the engine giving the engine 240 horsepower 5 more than the 1986 model. A new optional a tire pressure monitor was only installed on approximately 41 cars before a design flaw was discovered that could set off the monitor in other cars that were near the car with the problem. The tire pressure monitor did not come back until 1989. The new Z52 sport handling package which included some of the Z51 components with the softer base model suspension. The Z52 option included a radiator boost fan and heavy duty radiator, engine oil cooler, Bilstein shock absorbers, larger 16 x 9.5 in. wheels, thicker front stabilizer bars, 13:1 steering ratio. Both the Z51 and Z52 options included new structural enhancements to increase ridigidity, these enhancements were developed for the convertible and were added to coupes when Z51 or Z52 were ordered. A new option B2K could be ordered, when ordered the finished Vette was shipped to Callaway Engineering in Connecticut for modifications. This $51,000 option included the addition of twin-turbos which resulted in 345 horsepower. The first 4 twin-turbos used re-worked truck blocks but the rest used the production Vette engine. 123 Callaway coupes and 65 Callaway convertibles were produced.

Total 1987 Coupes - 20,007
Total 1987 Convertibles - 10,625

The "Vehicle Identification Number" (also VIN or serial number) is stamped on a plate on the inner vertical surface of the left windshield pillar visible through the windshield.

1987 Corvette engines have the last six digits of the VIN stamped on the block after the engine number. The date code the engine was manufactured was also cast into the block. The engine serial number includes a production sequence number starting with 0001001 and one of the suffixes below.