The museum is located only a quarter mile from the Bowling Green Assembly Plant, where Corvettes have been made since 1981. Public tours of the assembly plant are available. In addition, Chevrolet allows Corvette buyers to take delivery of their new vehicles at the museum, with a VIP tour of the plant and museum included for the buyer and up to three guests.
On February 12, 2014, a sinkhole opened under the floor of the Skydome area of the museum at around 5:44 AM local time, causing a portion of the floor to collapse. Eight rare and one-of-a-kind Corvettes, portions of the display stands and rails, large concrete floor slabs and dirt fell into the sinkhole, causing serious damage to some of the Corvettes. The Corvettes involved have an estimated value of a million dollars. The remaining 20 cars in the Skydome were immediately removed from that area. Starting March 3, 2014 through March 6, 2014, 5 of the 8 Corvettes were recovered from the sinkhole. The spire area of the Skydome is being reinforced before work starts on removing the final three buried cars. The museum reopened the day after the sinkhole appeared,
The museum also sponsors the Corvette Hall of Fame for individuals who have been involved with the Corvette automobile and made significant contributions in their respective fields. Each year, between two and four persons are inducted into this select group.