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.
We’ll keep our eyes open on this one, so subscribe to GM Authority for more mid-engine Corvette news, Corvette C8 news, Corvette news, Chevrolet news and 24/7 GM news coverage.
Source: MotorTrend
Comments
the z51 package gets you 0 – hot rear end mess in under 3 secs with that spoiler.
Appearance has always been, and will continue to be SUBJECTIVE.
Take a nap.
I believe that the sub-$60k was a publicity stunt by GM. How many are they really going to sell? Being a Corvette owner, not many people want a bare bones Corvette (absolutely ZERO options). You want at least some amenities in the vehicle.
Just my $.02.
I’ve said that a long time ago that the 60,000 original price was a sales gimmick!
No one wanting a Corvette will never buy a bare bones Vett! Again I was RIGHT!
A second year price increase of $4K may not seem like a lot of money at first blush; but it works out to almost 7-percent increase which means the 2021 Corvette Z51 LT3 will cost at minimum over $80K which translates that the Z06 if introduced in 2021 will most likely be over $100K and the 2022 C8 Corvette ZR1 will most likely cost $150-175K. The car would still be incredibly cheap compared to the Ford GT which has a 2019 price of about $500K.
A second year price increase ? So what’s new. Everyone deep down in their heart knew that was going to happen. We are all excited about the car, but don’t let GM think that we are all brain dead. The new Vette is a great buy when compared to some other cars in this class. When you start with add-ons, and the Z06 then the ZR1 this car is getting expensive Even though it is less than other super cars
To tell you the truth I would be happy with a car like the Saturn Sky. Put a 4 cylinder mid-engine in it making about 220 HP with a price of 26,000 to 35,000 They could call it a Corsair. The Sky was a nice sport car. I had one.
Wa La, Fiero
Guys,
I like this car but I want to see the Z06 specs. Thats what I would be interested in.
Also the issue is I need a 4 door. So as much as i want and like this car, i have to wait for GM to launch a sedan,
Thanks,
Sean
NEVER A TRUE SPORTCAR IS 2 DOORS AN 2 SEATER!!
Of course. Why would the price go down?
I love my 2004 commemorative edition ZO6 with only 16k miles on it ! Anybody interested in buying it ?
I’m on the waiting list for a new Corvette. The dealer won’t give me a price because they want to see how much over MSRP they can charge. So much for an under $60,000.00 price tag. I was willing to take a base model just to get one.
THERE LIES the problem, how much over charge or price gouging is the dealer going to get away with for you buying the car from them ,how money hungry are they!
I was right in what I said awhile ago ,the 60k was a SALES gimmick! With all the standard equipment that had nothing to do with the performance of the CORVETTE! It was only to justify the price of the car.To get a Corvette the way it is supposed to be your getting close to 80k, do the math. All the options that make a Corvette a Corvette an than the dealer ,their not happy in making the profit on the car they will go over an above an price gouge on the profit because of what it is . Its get better,GM is GOING to raise the price of the Vette next year’s model! Of course with the price increase there going to add more standard EQUIPMENT to help justify the price increase! REALLY HERE WE GO AGAIN WITH STANDARD EQUIPMENT! AGAIN I TOLD YOU! Watch out for the DEALERS TO PRICE GOUGE YOU ON THE PRIVILEGE OF THEM SALEING YOU THE NEW MID ENGINE CORVETTE ! IT STILL BROTHERS ME THAT GM LETS THE DEALERS GETAWAY WITH IT, ! ITS BULL SH.T!
HEY INFAMOUS
LOOK AT THE STANDARD EQUIPMENT LIST ON THE BASIC CORVETTE
https://media.chevrolet.com/media/us/en/chevrolet/home.detail.html/content/Pages/news/us/en/2019/aug/0815-corvette-pricing.html
THERE IS NO SUCH THING AS A BARE BONES CORVETTE
“Bare bones” is a figure of speech. Call it a “bargain basement model”, a “stripped down model”, an “entry level model”, etc.. It is the least expensive model, with the least amount of options. Nothing more, nothing less.
AR
I TOTALLY AGREE ,THERE IS NO SUCH A THINK AS A BARE BONES CORVETTE!! IT IS SUPPOSE TO BEA HIGH PERFORMANCE SPORTS CAR NOT A LUXURY CAR WITH ALL THE SO TO SPEAK STANDARD EQUIPMENT BUT THE KITCHEN SINK, GIVE GM TIME THEY’RE TRY THAT TO TO JUSTIFY THE COST OF THE CAR!!
Comparing the C7 pricing to the C8 pricing means many are not recognizing the truth of the Corvette lineup as it has been for many years regarding trim levels and overall option content.
Since the C8 only has the DCT transmission, for direct comparison the $1,995 8A in the C7 should be compared at every trim level.
C7 vs C8 1LT: $58,990 / $58,900 ($90 less)
C7 vs C8 2LT: $63,445 / $67,295 ($3,850 more)
C7 vs C8 3LT: $68,735 / $71,945 ($3,210 more)
Carbon Roof panel goes up $500
Carbon Interior trim goes up $500 (more content)
Almost all other options are the same price or a nominal increase. There are C8 carbon fiber exterior body options that weren’t available on the C7, but they’re all accessories that are added at the dealer.
All in all, the C8 is a screamin’ deal that is very little more than the outgoing model. Subtract $2k if the C7 has a manual, but it’s still a bangin’ discount for this new car.
Anyone complaining about the current C8 pricing OR any increases for next year and beyond is delusional. This is the same Corvette pricing we’ve had for many years by trim level and option content.
Maybe some day certain people will understand the difference between a luxury car an a performance sport car! I ask what the h..l does carbon fiber panels have to do with a street sport car? PERFORMANCE? CARBON FIBER is nothing more than something to brag about! Carbon fiber dash belongs on a LUXURY CAR SO YOU CAN flaunt it , has nothing to do with PERFORMANCE! FOR MY CORVETTE. I WANT A PERFORMANCE ENGINE AN A PERFORMANCE TRANSMISSION UNDER THE HOOD, THATS WHERE IT MATTERS! Carbon panels are for looks not PERFORMANCE on a street car! LOOKS FOES NOT EQUAL PERFORMANCE!!