Chevrolet has revealed the convertible version of last year’s striking Camaro Hot Wheels Edition, using this week’s 500 Festival at the Indianapolis Motor Speedway to roll out a fleet of 33 of the cars.

The 500 Festival is one of the lead-up events for the Indianapolis 500 race, which this year is scheduled for Sunday, May 26.

This year’s race will be the event’s 97th running and hopefully will live up to its reputation of being one of the greatest events on the motorsport calendar.

As for the Camaro Hot Wheels Edition Convertible, it arrives at Chevy dealerships this spring after a limited, one-time production run.

The Hot Wheels upgrade on the Camaro coupe costs $6,995 and we expect something similar for the convertible. Note, the upgrade is designed for 2LT (V-6) and 2SS (V-8) Camaro trims only.

The special Hot Wheels touches include a bright metallic paint scheme, special graphics, and red-lined wheels. The hood and tail-light surrounds also get some matte black touches, while the fenders and trunk lid features Hot Wheels flame badges.

Other features include a rear spoiler, upper grille, front splitter and side skirts, plus a set of 21-inch wheels in black, all borrowed from the high-performance Camaro ZL1.

For the interior, the Hot Wheels models get black leather trim, accented with red and black stitching and an embroidered Hot Wheels logo. The instrument panel and door inserts are also black, with the Hot Wheels flame on each door.

The 2013 Chevy Camaro Hot Wheels Edition Convertible is serving as the Official Vehicle of the Indy 500, but not the actual pace car. We have a feeling those duties will be reserved for the new 2014 Chevy Corvette Stingray.