General Motors has confirmed it will apply an increased price to the 2021 Corvette Stingray this month.
The 2021 Corvette Stingray will receive a revised price as of March 3rd, 2021. While other publications have reported the revised price will reflect a $1,000 increase for all trim levels, GM has not officially said what the revised price will be as of this writing, nor what trim levels it will apply to.
Prior to the introduction of the revised price, the 2021 Corvette Stingray was priced from $59,995 including destination for the base 1LT trim level. Moving up to the 2LT trim level bumps the price tag to $67,295, while the range-topping 3LT starts at $71,945.
The C8 Corvette Stingray has received praise from critics and customers alike for its sub-$60,000 starting price, but with this impending price revision, the mid-engine sports car’s base price looks set to encroach above the $60k mark.
The 2021 Corvette is mechanically identical to the 2020 model year version and comes with a 6.2L LT2 V8 engine producing 490 horsepower and an eight-speed dual-clutch automatic transmission. While the powertrain remains the same, GM introduced two colors for the 2021 model year in the way of Silver Flare Metallic and Red Mist Tintcoat Metallic. The sports car also received a new available interior color combination for 2021: Strike Yellow/Sky Cool Grey.
Production of the 2021 Corvette occurs at the GM Bowling Green Assembly plant in Kentucky, where various parts shortages have caused significant production delays over the past month. The production line at the facility is currently on pause due to an ongoing transmission parts shortage and is scheduled to come back online on March 8th.
We’ll provide an update on the pricing situation surrounding the 2021 Corvette once more information becomes available, so be sure to subscribe to GM Authority for more mid-engine Corvette news, Corvette C8 news, Corvette news, Chevrolet news, GM production news, and 24/7 GM news coverage.
Comments
It will still be a screaming bargain. Who cares if it doesn’t start under $60k, that made great headlines at introduction but credentials and demand justify an increase.
@ Ford Guy
Agreed. The market can definitely support a price increase. Anyone can who can afford a $60,000 car definitely has the means to pay much more.
I disagree with your last sentence. Average selling price of a domestic brand car is a little over $40k. The Corvette is basically a car and a half. Look at how many families have 2-3 cars.
GM knew what they were doing by hitting $60k. It’s expensive, sure, but it’s within the realm of affordable for a median American family, particularly one where the kids have moved out.
..when Mustang $helby GT 500 list for double the amount it’s time to sign the dotted line..Corvette is GM’s gift to the automotive world
Just try and go buy one for that much. Let us know how you do.
I have a 2021 Corvette HTC. With 2LT, Z51, lift, GT2 seats, carbon flash mirrors and wheels. and some other options. With tax and extended warranty $98,580. Eric’s Chevrolet sold the car at MSRP! No regrets buying my first Corvette!
GM should have priced the 2020 model higher. The law of supply and demand. Yes we all knew GM will increase the price to get back into the law of supply and demand!
If you’re in the market for a base LT1 no big deal. Most Corvette owners add options, lots of options. You can easily add $15k to $30K. Buyers that add options pay for the the base LT1 buyers. Lift option up $500, Z51 up $995, now $1000 across the board. Just the beginning, typical GM!
Price increase on something they can’t supply and dealers are getting $20,000 over. Sounds like GM. You will NEVER get one for $60,000 its GMs most profitable piece of plastic and dealers are raping you, no thanks I have owned 35 vettes and will never pay list for that car.
One big thing is if you want to order a 82,000 LT2 You can only get red stitching if you Code 38 S if you add another $395.00 plus $4650 +$395.00 A total add on of $5,450. Red stitching is only offered on 3LT and not 2LT What gives with that
Thanks.
I have red stitching on my 2021 2LT. I have the Red/Black interior. GT2 seats HTC. It looks great!
The C8 is still a bargain. Most of the people who complain about the additional cost above base price due to options have never owned a vette of any generation and couldn’t afford a C8 even if the only thing available was a Stingray, 1LT at $60K. Those are the same people who bad-mouth Corvettes, but end up buying a Charger, Mustang or Camaro at something north of $60K and then finance it for 96 months. You’ve seen them – they are the same guys who think they need to challenge every vette when the traffic light turns green.
What about us guys that have had a 2020 on order since September 2019 and was changed to a 2021 and still as of March 2021 still do not have a car. Should we have to pay the higher marked up price? One article I read said that we would not have to pay the price increase..I hope they are right.
No matter what the MSRP, you can’t get a C8 for under 100K
No matter the MSRP, you can’t get a C8 for under 100K.
If you want one off a low-volume dealer floor in an urban market correct. If you go to one of several high volume dealers and put down a deposit you can get whatever options you select, all at MSRP. The only downside is you have to wait as they progress through their annual allocation.
Corvette C8 Dealers That Sell At MSRP