Don't make the assumption that something has to be wrong for a color to be discontinues early in a production year. This has happened more than a few times through the years. It could be light dealer orders, discontinued or changed formula from the mfr. or they used up was wasn't used in the prior year model run. If I remember right green was discontinued mid run on the new Stingray, although they might have made a constraint excuse until it was officially dropped at model year end. I haven't heard any report of a severe fading usue. but I could have missed it. It sure wasn't bitched about on this forum. BTW, the color was used throughout GM.
Here is the announcement as reported here at CAC:
2005 MY Corvette – Precision Red Paint (27U) Replaced with Victory Red Paint (74U)
Date: August 4, 2004
As announced previously in "Chevylaunch.com", 2005 Corvette production began with two Red exterior paints on the palette: Precision Red (27U) and Magnetic Red (86U - additional charge $750.00).
A new, brighter, non-metallic Red is set to replace Precision Red. This new offering is Victory Red (74U). Victory Red is currently in the GM color palette, (i.e., Monte Carlo), and is brighter than Precision Red but less orange/yellow than Torch Red. Although Victory Red orders will not be scheduled for production until November 2004, it may be ordered beginning Thursday, August 5, 2004.
Final orders for the discontinued Precision Red (27U) must be entered by Saturday, August 21st. Precision Red will be constrained as it is phased out. As a result, any Precision Red orders not selected for production by the end of business on Tuesday, August 24th, will need to be changed to another color before that order can be scheduled for production. - See more at:
http://www.corvetteactioncenter.com...d-victory-red-paint.html#sthash.oSiIW3O4.dpuf