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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I was affected as my 2020 order was at 1100 status
I don't see why they could not just make all the 2020 orders then start on 2021 even if they only made 100 2021. and the price increase, why ,I had a contract to pay of a 2020 at a price. bad gm.
WHY BOTHER. That company refuses to communicate with customers who placed orders *ONE YEAR AGO*, in 2019. As to where the "Official Answers" are coming from, maybe in a quiet moment you might suggest "why don't you guys at Chevrolet acknowledge those who put money down a year ago and GIVE THEM AN *OFFCIAL ANSWER* as to when their car might be produced - and whether it will be a 2020 or 2021."
Like many others who bailed out on them, I cancelled my order because up to several weeks ago, when I escalated the question to GM directly (because they do not keep their dealers in the loop any more) - I was told "your order has been accepted for production." Okay, when? "Sorry, we don't have that information."
Look, Chevy, you're the MANUFACTURER. If YOU don't know - WHO DOES? Does the "OFFICIAL ANSWER" guy know? Then tell THAT GUY to REACH OUT TO CUSTOMERS.
The facts on the ground are this: the vehicle is vaporware.
1) many (most?) who placed an order last year have been stiff-armed by the dealer ("we don't know anything about your car") and stiff-armed by Chevrolet
2) there is zero willingness on the part of that "OFFICIAL ANSWER GUY" to contact existing customers, those who placed orders a year ago, in 2019, and tell them if their order will be a 2021 car or not
3) if you place an order TODAY you will not see a vehicle for ONE YEAR to ONE AND ONE HALF YEARS
4) there will be no cars on dealer lots available for sale for ONE YEAR to ONE AND ONE-HALF YEARS. How do we know? Because Chevrolet won't even produce vehicles to complete orders from ONE YEAR AGO.
THIS IS A *VAPORWARE* PRODUCT. Announced, but not available.
The vehicle is VAPORWARE and a failure of execution on GM's part. It doesn't make sense either because the cost of a 3LT is the same range as several other competitor vehicles, companies who respect their customers and execute their business quite well.
The awareness of poor execution WILL NOT DRIVE SALES, Chevy. The word is getting around - no one is going to place an order THEN WAIT ONE YEAR, ONE AND A HALF YEARS, for a car.
I cancelled my order weeks ago because I figured "Chevrolet will try to stick me with a one-model-year-old "new" car - sorry, no way Chevrolet."
Are you getting a competor's vehicle instead and if so, what?
If this is true, it’s just discouraging. I was really looking forward to being a corvette owner. The NCM delivery was going to be special. I’ve been a continuous GM owner for the last 40 plus years. A great local Chevy dealership. I initially ordered the C8 coupe as a retirement present to myself that my wife was generously supporting. Once the convertible was available (a lifetime dream) I switched to the convertible. If GM will not hold the cost of the options to what they were with my original order, retaining me as a customer is not even close to their top priority. Very disappointing, classless! I’m unsure what I’m going to do other than talk to the owner of the local Chevy dealership, good guy, There are plenty of other options available,.
Your story is very similar to mine! I am retiring at the end of August. My first corvette and also waiting on a convertible. My wife is very supportive. I have owned around 25-30 GM cars and trucks. I put down a deposit in December and now the price is going up another $1500. Not a good business decision from GM.
I put down a deposit in December 2019 for a 2020 convertible. I have on my order the Z51 and front lift. The price was over $86k and now GM just raised the price another $1500. You are correct in that I have more information from this site than my dealer has! This is supposed to be my first corvette. Production starts in November for 2021 so does that mean I may get one in 2021??? They are running one shift! Just started convertibles last week! Very poor scheduling!
Mike F, it is my understanding they will begin making the 2020 Convertibles circa SEP-NOV 20. (RUMOR) Your Convertible may be delivered during the beginning of winter. Not what you expected I am sure. I order my car via the dealer in JUN 20, thus, I don't expect my car until JUN 21, as my dealer revealed GM has not given any allocations to dealers yet. My first Vette and a very frustrating process.
I'm having the same issues. No communication what so ever. Such an unprofessional organization. If I treated my customers like this I'd be out of business.
Not affected, as I do not have one on order. That said, I think GM is making a short sighted business decision here. The purchaser had no control over build stoppages and should not be penalized for them. Covid-19 aside, the GM strike by itself delaying builds is no excuse to extract more money from purchasers. Would be interesting for GM Authority to monitor the effects of this new policy and report how many orders were cancelled.
I am really disappointed with GM I put my deposit on 9/15/2019 and finally got called by my dealer to order and put my down payment this was 3/12/2020 I have been waiting almost a year for my car, I sold my C6 and now GM comes up with this BS
My order and down payment were for a 2020 LT2 Z51 with a couple extras like the “nose lift” black rims ect and now GM says that I have to pay over 2000 for a car that I had already signed for it at a price that’s ridiculous I smell a big class action suit
I too ordered and put down a deposit for a 2020 in December 2019. Convertible with front lift and Z51. It was $87k and I was notified in March that GM would not be able to produce my car. Now they are going to raise the price $1500! Production starts in November so I wonder if I will get a car in 2021?? Maybe they will raise the price a couple more times before I get it??
I would think that this is a dealer decision. Will they eat the rise in price? I don't know, but I did put my C7 and a lot of money down.
My dealer says if I don’t want it someone else will! I put down a deposit in December 2019.
Unfortunately, that may be the case. Since they have already sold my C7, I'm not sure what will happen...
What a hosin...
Gotta pay for the Lectrics!
I have heard that they will make all vehicles that were in the process (code 3000 and above) and they will be made as 2020s and when they are done they will shift over to 2021's the next week so no slowdown there. the lack of availability means you will get a screaming deal on leftover C7's which are great cars that you may not have been able to afford before all this started...and those who will get C8's will have a very desirable car that they can flip for at least whet they paid for it and maybe turn a small profit...
My order is recent so I am not happy with the increase but I accept it. For those with production 2020 accepted orders, GM should honor the 2020 rates for delivery of a 2021. These customers entered into a good faith bargain and GM needs to honor the earlier pricing. Good business practices would be to have employees that would notify accepted order customers of each time the car moves to the next step but no less than monthly by email on how the schedule is evolving. People would rather have an estimate subject to change than to be kept in the dark. They want to sell in the high-end market, they need to invest the little it costs to keep clients informed. They did so much right with the C8 that the C8 management team needs to fight the bean counters to complete with quality delivery. They will recoup their investment many times over.
When can we change my 2020 model order to a 2021 model order with the dealership.
Your 2020 order will be filled if it was at 3000 status or higher, and would have been deleted if still at 1100. However, customers with infilled 2020 orders should go to the top of your dealers allocation list for 2021 cars, and you should have been able to enter your order for the 2021 car through your dealer as of July 30th. That’s what happened to me.
Your 2020 order will be filled if it was at 3000 status or higher, and would have been deleted if still at 1100 status. However, customers with unfilled 2020 orders should go to the top of their dealer’s allocation list for 2021 cars. And, you should have been able to enter your order for the 2021 car through your dealer as of July 30th. That’s what happened to me.