This month, we’ve reported on several price increases for various Chevrolet Corvette C8 options, all of which are scheduled to go into effect for the 2021 model year. It was previously unknown how these price hikes would affect those 2020 Corvette customers whose orders were pushed back to the 2021 model year. Now, GM Authority has an official answer.
As it turns out, customers who ordered a 2020 Corvette, but had their order shifted to the 2021 model year, will need to pay the price hikes for any and all affected optional features included in their order.
“As we announced in May, we were holding the base price of the Corvette Coupe and Convertible the same for 2021,” General Motors said in a statement to GM Authority. “We did adjust the pricing for a few options, including the Z51, and those price increases will be in place on all 2021s.”
Base pricing for the 2021 Corvette remains at $59,995 for Coupe models and $67,495 for Convertible models, matching figures for the 2020 Corvette. However, certain popular options will see price hikes with the latest model-year changeover, including the Z51 Performance Package (+$995), the Front Lift Suspension (+$500), and the 5-Trident Spoke Black-Painted Aluminum wheels (+$200).
Back in May, it was reported that 2021 Corvette production would be moved back to November, while in June, General Motors confirmed that it would be unable to fulfill all 2020 Corvette orders as a result of a two-month production halt resulting from the COVID-19 pandemic. As such, the remaining 2020 Corvette orders will be shifted over to the 2021 model year.
Now, General Motors has confirmed that those 2020 Corvette customers whose orders were shifted to the 2021 model year will pay for any optional equipment price hikes put into effect for the 2021 model year, including those listed above.
Check out our coverage of everything new and different about the 2021 Corvette for more information on the latest model year.
The 2021 Corvette rides on the mid-engine Y2 platform, and draws motivation for the naturally aspirated 6.2L V8 LT2 engine. Production takes place at the GM Bowling Green Assembly facility in Kentucky.
Have you been affected by this optional equipment price hike? Let us know about it in the comments, and make sure to subscribe to GM Authority for more mid-engine Corvette news, Corvette C8 news, Corvette news, Chevrolet news, and 24/7 GM news coverage.