Jason Polk, a geography and geology professor at Western Kentucky University, called it an isolated event, and said there was no indication that the sinkhole could spread.
"It's been stable," he said. "We haven't seen any other activity or movement since this morning."
Strode said it appeared at least two of the Corvettes could be saved, but museum officials were still trying to determine the extent of the damage and the value of the eight cars. He didn't know how soon the cars could be recovered.
"Safety will be paramount, but we'll also want to move as fast and as appropriate as we can," he said.
The museum is set to host the 2014 Corvette Caravan in late August, a celebration marking the museum's 20th anniversary. Museum officials expect car clubs from all 50 states and beyond to converge on Bowling Green for the celebration.
The museum had already hired an engineering firm to oversee the repairs, Strode said.
"The Corvette Museum has overcome adversity before and we'll overcome it again," he said. "And we'll have something spectacular to show you back there in short order."
Bowling Green, Ky., is also the lone place where General Motors builds the iconic Corvette.
Associated Press writers Brett Barrouquere and Rebecca Yonker in Louisville contributed to this report.