Tuesday, December 6, 2022
News 2021 Chevrolet Corvette Gets $1,000 Price Hike in US

2021 Chevrolet Corvette Gets $1,000 Price Hike in US

C8 breaks $60k mark

  • Corvette no longer $59,995 for base trim

  • All models see $1,000 price hike


American buyers can say farewell to the days of the sub $60k Chevrolet Corvette, though for Canadian buyers, the pain of a mid-year MSRP increase doesn’t seem to have been willing to brave the cold.

When the C8 Chevrolet Corvette arrived in 2020, the $59,995 sticker price for a base model seemed like a bit of a steal. After all, this was a mid-engine, V8 powered sports car that had all of the appearance and trappings of a supercar. For less than half of the price of one of those.

Following the COVID-19 pandemic and other production issues that dampened the 2020 model year run, Chevrolet maintained the car’s base price for 2021, looking great on the ads for the car.

Now, Motor1 reports, the 2021 Corvette C8 is getting a price hike that started yesterday. The jump was just $1,000, which is not likely much for a buyer of this type of car, but it does make a big visual leap. The report cited a Chevrolet spokesperson who said that “The MSRP of the 2021 Chevrolet Corvette Stingray coupe and convertible at all trim levels will increase by $1,000 beginning March 1.” They added that “we monitor and adjust pricing on all our products regularly, and we’re confident the Corvette remains a winning formula of performance and attainability.”

Just 16 percent of buyers picked the 1LT coupe that made it in under that price point, said Motor1, with most going for a 3LT that was priced over $70,000.

Good news for buyers in Canada, though. The 2021 Corvette Stingray is still listed on Chevrolet.ca for $67,898 before destination and AC charge, the price it had when the 2020 car first launched here. We’ve reached out to GM Canada to find out if there is a plan for it to change.

 

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