Quoted from: wikipedia.org
“In 1954, only 3,640 of this model were built and nearly a third were unsold at year's end. New colors were available, but the six-cylinder engine and Powerglide automatic, the only engine and transmission available, were not what sports car enthusiasts expected. It is known that 1954 models were painted Pennant Blue, Sportsman Red, and Black, in addition to Polo White. All had red interiors except for those finished in Pennant Blue that had a beige interior. Order guides listed several options, but all options were "mandatory" and all 1954 Corvettes were equipped the same.
In the October 1954 issue of Popular Mechanics there was an extensive survey of Corvette owners in America. The surprising finding was their opinions in comparison to foreign sports cars. It was found that 36% of those taking the survey had owned a foreign sports car, and of that half, they rated the Corvette as better than their previous foreign sports car. 19% rated the Corvette as equal to their foreign sports car and 22% rates the Corvette as inferior. And while many were well pleased with the Corvette, they did not consider it as a true sports car. The principal complaint of the surveyed owners was the extensive body leaks during rain storms.”
While newer versions of the Corvette are popular still today, millions of people from around the world attend auto shows to see first hand what great workmanship looks like in these classic 1954 Chevrolet Corvettes.