We think it’s safe to say that the new 2020 Corvette C8 is undoubtedly one of the most impressive debuts we’ve seen in quite some time. With jaw-dropping specs, sizzling new styling, and a long list of desirable options, we’re nothing short of impressed. Throw in a starting price under $60,000, and we’re floored. Unfortunately, it’s looking like that latter bit may only be temporary, as a new report indicates a price hike for the 2021 model year could be on the way.
That’s the latest from MotorTrend, which cites an unnamed “well-placed source” as providing the tip. Apparently, the original sub-$60,000 target was only planned for the first year of production, but by the 2021 model year, the Corvette C8 price would get a significant bump. MotorTrend’s source did not divulge how big of a bump to expect.
As MotorTrend points out, the same thing happened with the Corvette C7. Initially, the previous-generation Corvette was listed with a starting price of $51,995, just $1,400 more than the outgoing C6. However, a year later, that price jumped $4,000 to $53,993.
With that in mind, it makes sense for Chevrolet to pad the sticker for the Corvette C8 as well. Assuming a $4,000 price hike is in order for the C8, a $63,995 mid-engine supercar still seems like one amazing deal.
What’s more, there’s a long list of optional extras out there to boost the price even higher. For example, the optional Z51 package, which includes the performance exhaust system and other bits needed to manage the claimed sub-three-second 0-to-60 mph time, is another $5,000 all by itself.
And then there’s the issue of locating a dealer willing to sell a new Corvette C8 at MSRP, at least during the first few months of production, or until demand begins to match supply, rather than outpace it.
Still, when GM President, Mark Reuss, hit us with the sub-$60,000 price tag at the Corvette C8 debut in July, the point was made that the Vette is still affordable, even with a mid-engine configuration. And frankly, another four grand added on top won’t change that. Plus, it’s likely Chevrolet will include more standard equipment to justify the price hike.