I just looked at mine, and it appeared to have a hole where the shifter would be. Upon closer examination though, the shifter is there. It is white (blended with interior), with a black dot on top (giving the appearance of a hole).
Check yours closer. It doesn't appear to be a separate piece, but rather it apprears to be molded with the console.
Uhhh, wait a minute. I just reread your title. Your talking about Fly's Vette, aren't you? I'm refering the the new Scalextric one. Sorry about that.