The latest eighth-generation Chevrolet Corvette brings world-class performance without the supercar price tag. Nevertheless, the new 2021 Corvette still had a substantially greater average transaction price in February compared to the previous seventh-generation Corvette.
In an emailed statement to GM Authority, General Motors Car, Performance and Motorsports Communications Assistant Manager Trevor Thompkins confirmed that the average transaction price for the 2021 Corvette during the month of February, 2021 was $86,185. Critically, that’s a massive $26,000 increase over the previous-generation C7 Corvette.
As a reminder, pricing for the 2021 Corvette starts at $59,900 for 1LT Coupe models, and $67,400 for 2021 Corvette Stingray 1LT Convertible models. Note that those prices do not include the $1,095 Destination Freight Charge.
As GM Authority covered in February, Chevrolet attained record average transaction prices during the 2020 calendar year, with Chevrolet spokesperson Megan Soule confirming with GM Authority that Chevy’s average transaction prices in the U.S. reached $36,400. Not only is that a six-percent increase over the 2019 figure, but its also the highest average transaction price in brand’s 110-year history.
That said, General Motors sold just 21,626 units of the new C8 Corvette in 2020, making it a relatively low-selling vehicle in terms of volume (Chevy sold more than 1.7 million vehicles last year).
Nevertheless, demand for the new mid-engine sports car, including the latest 2021 Corvette, continues to run high, despite the absence of incentive deals. According to a recent report, the 2021 Corvette was in fact the fastest-selling car in the U.S. last month, with units spending less than two weeks on dealership lots before being sold (13.1 days, to be exact). The 2021 Corvette was the fastest-selling car in the U.S. in January, as well.
Now, with the impending arrival of more-expensive, go-faster variants of the C8 Corvette, including the new Z06 and E-Ray, the Corvette’s average transaction price will likely climb even higher, although both will be very low-volume. To note, GM recently announced that it would no longer accept new sold orders for the 2021 Corvette, with order books for the 2022 model year opening this summer.