We love the new 2016 Chevrolet Camaro SS, and now we have a better understanding as to why.

Tuning firm Hennessey Performance just got its hands on one, and the first thing that it did was to strap the car to a dyno.

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The result was 431 horsepower and 427 pound-feet of torque at the wheels, with a manual-equipped car. Assuming even a very conservative drivetrain loss of 10 percent, we’re talking an output of approximately 474 hp and 470 lb-ft at the crank. Recall, General Motors Company’s [NYSE:GM] official rating for the car is 455 hp and 455 lb-ft.

What’s interesting is that the same engine, in this case GM’s 6.2-liter LT1 V-8, when installed in a Corvette Stingray has been shown to produce less power on a dyno. Most tests have shown the output at the wheels of a Corvette Stingray to be close to the 400-hp mark, including one run by Hennessey with an automatic-equipped car (see video below). An extra 10 hp at the wheels is usually generated with the manual.

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Before you Camaro fans get too excited, just note that this is just one test, with one particular car. Things like ambient temperature, fuel mixes and even the speed that wind is being directed towards a car can all have an effect on dyno results, so we’ll have to wait until more test results come in.

Nevertheless, it’s starting to look like the Camaro SS, which is priced from just $37,295, with shipping, is a genuine performance bargain, especially when you consider that it has impeccable road-holding abilities too.

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