2021 Corvette Price Won’t Go Up
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Pricing for the 2021 Chevrolet Corvette will not see a bump over the 2020 model year, as confirmed by Corvette executive chief engineer, Tadge Juechter, in a recent interview with MotorTrend. That means that the 2021 Corvette price will remain at $59,995 for Coupe models, while Convertible models will be $67,495. Both prices include the $1,095 destination fee.
2021 Corvette price will go unchanged from the 2020 model year.
Jechter said that tradition normally dictates a price hike for the second model year. However, as GM works to fulfill a backlog of 2020 model year orders, some orders are expected to be pushed into 2021. As such, a price hike would leave those at the back of the line paying more.
Chevy currently has more than 20,000 orders in for the 2020 Corvette, 83 percent of which are for Coupe models. The top 3LT trim level is the most popular at 44 percent, with Torch Red as the most popular exterior color, and Jet Black as the most popular interior color.
In addition to addressing the static 2021 Corvette price figures for base models, Juechter also confirmed that Magnetic Ride Control would not be bundled with the Z51 Performance Package, as reported by GM Authority back in early April.
Order books for the 2021 Corvette open later in July. “We initially said we would start taking 2021 Corvette orders at the end of this month but, again, due to the plant being down for two months, we’re adjusting that timing to late July,” Juechter said.
Production for the 2020 model year is expected to extend into Fall in order to help meet the backlog of orders. Convertibles will begin rolling off the line later this summer. Juechter also said that buyers will be contacted by Chevrolet about the status of their order in the next few weeks.
Unsurprisingly, Juechter acknowledged that the UAW strike in 2019 and the COVID-19 pandemic have presented challenges for the launch of the first-ever mid-engine Chevrolet Corvette. Production at GM’s assembly facility in Bowling Green, Kentucky, is only now coming back online with new safety measures in place.
“We’re acting like this is a new start, like we’re launching the car all over again,” Juechter said.
For those buyers waiting patiently for their new Vette, news that the 2021 Corvette price for base models will remain the same as the 2020 model year surely comes as a relief. Stay tuned, as we will have plenty more info on the 2021 Corvette posted soon.
In the meantime, subscribe to GM Authority for more mid-engine Corvette news, Corvette C8 news, Corvette news, Chevrolet news, and 24/7 GM news coverage.
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This is a bit of a surprise as most people in the media had said they expected General Motors to increase the base entry price of the 2021 Chevrolet C8 Corvette by possibly as much as 10-15 percent with the top end model Z51 with LT3 trim costing over $100K.
I am so glad they are not raising the price for the 2021 model year, it is just incredible that GM can build the Corvette at $59,995.
The fact that the prices won’t increase will be a blessing to those folks who would have liked to have bought a 2020 model, but due to the limited production run, may have changed their mind, for fear that they would not be able to get a ’20 model, but would have to pay lots more for an identical ’21.
I have a feeling this is exactly the reason why they chose not to increase it yet. Although there are a few tiny changes in 2021, you are essentially spot on.