Chevrolet Corvette sales totaled 3,943 units during the first quarter of 2019, representing a 12 percent decrease in sales volume over Q1 2018. The continued decline in deliveries is most directly attributed to the age of the current Corvette C7, which hasn’t received any substantial updates since its launch for the 2014 model year, resulting in high anticipation of the upcoming all-new mid-engine Corvette C8. In fact, some C7 customers have even cancelled their orders. Due to that chain of events, Chevy has been attempting to find ways to incentivize current Corvette owners to get behind the wheel of a new Corvette C7, and is continuing to offer a $3,000 loyalty discount on new 2019 Corvettes in June 2019. Notably, the same Corvette discount was also offered during April and May.
Nationwide Corvette discounts and offers on 2018 and 2019 models for June 2019 are as follows:
- 2018 Corvette Base: 0 percent APR (interest-free) for 72 months when financing with GM Financial
- 2019 Corvette: $3,000 loyalty discount for current Corvette owners
Shoppers should note that the full $3,000 Corvette discount is only available to current owners of Corvettes model year 2005 and newer. The incentive is rather significant, as this is one of the largest discounts ever offered for the nameplate.
Additionally, the incentive is listed under the Stingray model on Chevy’s website, but is not listed under the Grand Sport, Z06, or ZR1 models. There isn’t a clause restricting the incentive to Stingray models, making it unclear whether or not the discount applies to all models. However, we have reached out to various sources at Chevrolet dealers and they have confirmed that the $3,000 Corvette discount applies to any 2019 Corvette, including the Stingray, Stingray Z51, Grand Sport, Z06, and ZR1.
For reference, here are the 2018 and 2019 Corvette trim levels and their corresponding starting MSRPs:
- Stingray 1LT – $56,590
- Stingray 2LT – $61,045
- Stingray 1LT w/ Z51 – $61,590
- Stingray 2LT w/ Z51 – $66,045
- Stingray 3LT – $66,335
- Stingray 3LT w/ Z51 – $71,335
- Grand Sport 1LT – $66,590
- Grand Sport 2LT – $71,045
- Grand Sport 3LT – $76,335
- Z06 1LZ – $80,590
- Z06 2LZ – $84,155
- Z06 3LZ – $89,535
- Stingray 1LT – $56,995
- Stingray 2LT – $61,450
- Stingray 1LT w/ Z51 – $61,995
- Stingray 2LT w/ Z51 – $66,450
- Stingray 3LT – $66,740
- Stingray 3LT w/ Z51 – $71,740
- Grand Sport 1LT – $66,995
- Grand Sport 2LT – $71,450
- Grand Sport 3LT – $76,740
- Z06 1LZ – $81,995
- Z06 2LZ – $85,560
- Z06 3LZ – $90,940
- ZR1 1ZR – $121,995
- ZR1 3ZR – $131,995
When applied to a 2019 ZR1 model, the $3,000 Corvette discount lowers the starting price to $118,995, and that of the entry-level Stingray 1LT model to $53,995.
The $3,000 Corvette discount is a rare occurrence, as Chevrolet seldom offers a cash-based discount on the sports car. It’s rather obvious that the purpose of the offer is to get current Corvette owners who are on the fence about buying a current C7 or waiting for the upcoming Corvette C8 to go for the C7. The all-new, mid-engine Corvette (aka the Corvette C8) will be revealed on July 18th, and is expected to go on sale by the end of the 2019 calendar year.
- Must take delivery by July 1st, 2019.
- See dealer for details.
- Incentive for the United States of America, unless otherwise specified.
- Some customers may not qualify for this offer.
- Offer not available with special finance, lease, and some other offers.
We strive to provide accurate and up-to-date information about the vehicles and their incentives in question, but errors and misprints can happen. In addition, the manufacturer can change incentive information at any time and without notice. Always consult with your dealer regarding color availability information before making purchase decisions. GM Authority will not be held responsible for any misprints, typos or any other errors.
About Chevrolet Corvette
The ChevroletÂ Corvette is a lineup ofÂ sports carsÂ sold globally. SlottingÂ above theÂ Chevrolet CamaroÂ asÂ Chevrolet'sÂ flagship sports car, the CorvetteÂ lineupÂ consists of the "base" Corvette Stingray, mid-level Corvette Grand Sport, Corvette Z06 andÂ range-topping Corvette ZR1.
The 2018 Corvette represents the fifth model year of theÂ seventh-generation (or C7) Corvette.Â Despite itsÂ age, the vehiclesÂ remains highly competitive in its segment. For the 2019 model year, the CorvetteÂ discontinues theÂ Carbon 65 EditionÂ whileÂ gaining the 2019 Corvette ZR1Â in Coupe and Convertible forms, along with two new colors - Elkart Lake Blue Metallic and Shadow Gray Metallic.
Chevrolet is working on a next-, eighth-generationÂ Corvette. The modelÂ is expected to beÂ mid-, rear-engined, allowing it to push the performance envelope even further that the C7.Â See more on the rumoredÂ mid-engine Corvette.Â Though it was previously believed that theÂ C7 generation will be discontinued when the mid-engined model is introduced, we now have reason to believe that the model will continue being offeredÂ alongside the mid-engined model.
TheÂ Corvette is builtÂ exclusively at theÂ GM Bowling Green plantÂ in Bowling Green, Kentucky, USA.
Related News & Info
- GM news
- RunningÂ GM salesÂ results
- GM forums
- Chevrolet CorvetteÂ information
- 2016 Chevrolet Corvette
- 2017 Chevrolet Corvette
- 2018 Chevrolet Corvette
- 2019 Chevrolet Corvette
- 2020 Chevrolet Corvette
- Next Corvette