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.
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Communication from my dealer is non existent My allocation was put in 10/10/2019. My dealer originally had 16 allocations but it was cut down to 8. When I called them they told me they weren’t sure if I was going to get a 2020 or 2021. Then I see on their website they have a 2LT and a 3LT coming soon with a price tag of +$100,000 fro each! If a customer canceled their order shouldn’t the next person in line have been bumped up and these cars built for them? The best information on C8 is coming from Rick Conti’s YouTube channel, he has credible Information I’ve seen out there.
My order was placed on October 19, 2019 for an LT-2 coupe. I've bugged my dealer (Radley Chevrolet, Fredericksburg, VA) about the status monthly. I'm disappointed they have not been more proactive about reaching out to customers. Some dealers put their status on websites. Now, with this price increase on options, I guess I'll have to eat the increase. I do find the overall price reasonable. My 2020 order still has not been converted to a 2021 order as far as I know. Has anybody else's been converted?
No, I have not been contacted and as of last week when I called them they claimed to not know what year my car will be.
Yes my c8 corvette convertible I put down payment on October 3rd 2019 was finally ordered but as a 2021. I’m very disappointed with the increase of prices. My salesman said I missed the cut off. What bs
BS it is the cut out was supposed to be on3/18/20
Same story here! Put down a deposit on a convertible in December. Now who knows when a 2021 may be available. My first corvette and I WAS really excited. I was at the museum to see the first 2020 museum delivery. It was amazing. Now I am wondering if I will ever see one.
my order was converted to a 2021 in july
I am very disappointed with GM’s communication with their loyal customers. I have been pushed to a 2021 C8 because of the shutdown. I fully understand this and accept being pushed. I do not accept having to pay more for my 2LT with Z51, front lift, GT2 seats, mag ride and a multitude of other accessories. Would it kill GM to bite the bullet on customers who have had orders in since 2019.
I don't have a horse in this race, I didn't order one. Covid did cause '20 ordered cars to become '21 ordered cars. I don't blame GM for that, poop happens. However inflicting those customers with price increases on top of the long wait time, that I do blame GM for. That didn't need to happen and it really reflects poorly on GM's treatment of some of their most devoted customers. Anyone that had placed an order for '20 and it got pushed into '21 should get the car they ordered at the price that was agreed upon. That is just an honest way to do business. I have been running my own business for 30 years. One thing I heard long ago and find it spot on was this "It will at times cost you money to keep your word". GM should post that in their main lobby.
I ordered my C8 HTC in January 2020, this would be my 4th corvette. It was an 85K car and the dealer wanted 10% down or $8500.00. The car was not built and they could not give me a date as to when it would be built. I told them you want 10K for what? an imaginary car?
They said they have 55, 2020 Allocations and only 3 left so if you want #53 we need the deposit. I offered them $2500.00 and it had to be refundable if no 2020 car was delivered. They took the deal. They only delivered 24 2020 C8's of the 53 and 12 people canceled which moved me up to #17 if I converted to 2021. My price will increase by $2500.0. I was told I was price protected on the 2020 and now I would be price protected on the 2021. Big deal if they do not produce the car price protection is meaningless. However if it is true that all orders not filled for the 2020 go to the front of the line respectively for 2021. If Bowling Green continues to limp along at 500 cars per day, I should get my car in 5-7 months. Have not decided what to do yet.
I ordered a 2020 Zeus Bronze 3LT with the nose lift, Z51 performance package, and pewter wheels last August and reordered it as a 2021 on July 30th.
My price for the 2021 car went up by $1,510, caused by an increase of $500 for the nose lift, $995 for Z51, and $15 for the front license plate bracket which I’ll never use.
I think GM should have waived the price increase for those clients with unfilled valid orders for a 2020 car but that may have been difficult to do, and it could have been worse. I certainly don’t blame my dealer.
By all means, if GM does not deliver an ordered/accepted 2020 C-8 Corvette, then GM is absolutely honor bound to deliver the same equipped car, as a 2021 for the same price.
Someone has had the deposit money since the order was placed, up to a year ago. If I ran my business the way they are handling this, I wouldn't have any customers in a short while. Right is Right!
When I contact GM regarding my 2020, I really do not get anything of consequence as far as information. Certainly they know where they are at with the orders and how many they are producing a day. Pretty simple math to approximate where a customer's order is at, I would think. They need to do much better with communication and not penalize 2020 buyers with 2021 prices.
My order has a 3000 status for the longest time I call GM every other week and it is the same answer “ you have a 3000 status” and no one can tell me whether I will be getting a 2020 or 2021
Call the dealer and they know even less
Its like a bad dream except that you’re paying 80 or 90 grand for this bad dream
I have the same issue. I had my 2015 Vette totaled when hit by a Michael and Sons work van from behind (at 50+ mph while I was at a stop). I loved that car! It actually saved my life because of the structural rigidity.
"luckily" it happened in August 2019 and I placed an order in September 2019 for the C8. I am still on the 3000 list but they keep telling me to call back in 3-4 weeks for an update. I have been "assured" that I will have a 2020 Vette, but am not confident of that prediction.
General Motors should allow Cadillac to build a variant of the C8 Corvette and unlike the Corvette, the Cadillac Cien would feature nose bleed pricing of almost $200K per unit but would be powered by the 6.2L V8 of the DPi-V8 which generates 600 hp (447 kW) @ 6,800 rpm.
I agree, that would be nice. but if it were to be a variant of the Corvette, such as was the Cadillac XLR, from 15-20 years ago, then it would have to be built at the Bowling Green plant alongside the Vette, and there may not be enough production capacity to build both versions, at least for the next several years. But, maybe, in four or five years , when the rush to have the latest and greatest Corvette has ebbed, Its possible Cadillac could pick up some of that capacity, because, at a $200K price they would only be able to sell only between five or six thousand units, tops, if that.
I was an original deposit holder for a c-8, after no communication at all, and myself finally going to the dealer, they said my order was cancelled and I could reorder a 2021, because of GM allocation issues. They did raise the price on it , almost $2500 however, even though i committed a $1000 deposit. Bad business!!!