Luxury and sports cars have huge markups in the car-crazy market of China, which is in addition to the existing 25 percent import tax on all foreign car purchases in the country. A $60,000 car in the United States can cost up to three times as much by the time it hits Chinese shores, which explains why these two C7 Corvette Stingrays Car News China found for sale have been marked up to the equivalent of $282,000 and $273,000 USD.
If those absurd prices weren’t enough to make you gasp, we’ll also add that neither of the cars are very well equipped, both being base models and missing the Z51 package. Then again, Chinese buyers can’t be overly picky. Chevrolet doesn’t sell the Corvette in China, so customers must acquire the car through a gray market dealer that bought the vehicle from an American dealership, which Car News China says is usually located somewhere on the West Coast. This will also add to the outrageous price, as the car will have likely been marked up by both the American dealer and the grey market dealer.
It’s true that $54,000 (roughly the price of a base model C7 Corvette) is a lot of money to spend on a car, but we can be thankful that the best part about Corvette – its relative attainability, can still be enjoyed in North America and several other markets to this day. Although with rumors of a mid-engine version of the car on the horizon, a more expensive ‘Vette isn’t out of the question.