probably more of competition for the t bird. The vette was more of a car targeted at first at the mga and triumps ect. It was introduced the same year in 55 as was the t bird. It sure wasnt targeted at the mustang because the first mustangs hit the street in late 64 as 65 models. Styling of that Studebaker was way ahead of its day though. Most of the cars of that period were just boxes
I distinctly recall the Corvette being introduced in 1954, because that was my senior year in high school.
Although I consider the 1954 Corvette, to be the best looking Corvette, it wasn't the tire screecher, that la ter models were, being powered by a triple deuce 6 cyl engine...backed up by a 2-speed "powerslide" tranny.
This white one is exactly like the first one I ever saw.
https://bringatrailer.com/listing/1954-chevrolet-corvette/ BTW; The word "tranny" meant something different than it does now!