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.