The average transaction price of a C8 Corvette Stingray topped $82,000 in the second quarter of 2021, setting a new record high for the nameplate.
According to data from Cox Automotive, the average price of a C8 Corvette Stingray in Q2 was $82,489. The mid-engine sports car has a base price of $60,995, while the hardtop convertible model is priced from $68,495. The vehicle’s high ATP suggests most customers are buying the vehicle with a relatively pricy list of options on it. Dealers are also charging full price or more for the C8 Corvette Stingray due to high demand and lower-than-usual production output throughout 2021.
Parts shortages caused brief shutdowns at the GM Bowling Green Assembly plant in Kentucky earlier in the year, but have returned to normal levels in recent weeks. Cox Automotive notes C8 Corvette production has been in “fits and starts,” in Q2, with quarterly sales rising 224 percent to 7,971 units. The publication notes this is the highest quarterly sales figured for the Corvette nameplate since 2016.
Tony Johnson, director of car and crossover marketing for Chevy, told GM Authority in June the automaker is “not even close,” to meeting demand for the C8 Corvette Stingray. Johnson said the company has an overwhelming amount of new sold orders for the vehicle at the moment, though he stopped short of sharing an exact figure.
“We have more orders than we can handle,” Johnson said. “I can’t give you a number (on how many orders we’ve received), but I can tell you it’s significant.
“We’re working on meeting that demand,” he added. “We know there’s a lot of customers who really, really are excited to get their hands on a Corvette.”
The 2022 C8 Corvette introduces a handful of minor changes, including two new exterior colors, a new low profile rear spoiler option and a limited-run IMSA Championship Edition package. Production of the 2022MY Corvette will begin in early September.
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Comments
Interesting, the Mazda dealer hurt the company and their own business when they added margin to the Miata.
Now this car meets my approval, I am on 3 wait lists to order this beauty!
I got mine on 3 months. I ordered it from Landers in Norman the day before Thanksgiving
and picked it up February 4th. They replaced the transmission in May, but I still love driving it.
Right an GM is laughing all the way to the bank, it’s their most profitable vehicle and the back end looks like they forgot to design it.
geez, I like the tail end! Actually, this is the first Vette I’ve ever been really excited about. The more I see them, along with the 2018-19s roaming around, I see the family resemblance, yet appreciate what they did to make the rear engine car so much more dramatic.
Right it’s GMs most profitable vehicle, The back end looks like they forgot to use a design team, stone ugly, all the newbies are the ones standing in line for a screwing.
If you had the chance to drive a C8 on a daily basis, you certainly wouldn’t mind what some minion thought of the rear of my car Z51 looks like as I drive by. Envy comes from small people and little children.
Says the guy who can’t afford a 30 year old Chevy Chevette.
Winner Winner Chicken Dinner
Further reinforcement to old saying that a fool and his money are soon parted.
Don’t get me wrong, I absolutely LOVE the C8 and would love to have one, but paying $20K MORE than sticker for any vehicle is proof that stupid people with money will do stupid things to show everyone else that they have money.
Couldn’t agree with you more. I bought a 2020 from a dealer who doesn’t charge ADM’s (additional dealer markup) I would not buy one if I would have had to pay the ADM, just on principal.
If someone goes to a dealership that charges 20k over msp they are not very smart, I ordered mine from a respectable dealer and was not charged over msp. I take delivery 8/23 via museum delivery. Can’t wait.
Again GM, missing the point in the actual count – when folks are placing multiple orders to see which one can be produced first, hen canceling the other orders, , you have a skewed count of “demand” for the car. Should be counting actual delivered out the door sales before getting too confident. Yes, there is demand, but most likely more comparable to any new model/ body style change for the Vette
I think the C8 is a fantastic car. Obviously, a lot of other people think so, too. However, US consumer debt is at an all time high. I wonder how many of these beauties are going to end up at auction in a couple years.
Many, many are still being “flipped”. Flippers generally order as much equipment as they can.
It’s all a matter of if you have the money or not and whether you drive it now or wait a year and a half
I wouldn’t call any body stupid for doing that like I won’t criticize any body waiting a year + to drive one (like I did)
It’s just as enjoyable to me like it’s to some friends that paid 20 grands over their choice
Nobody says anything if you buy a plain 911 for 40k’s over the C8 price again choices
I was at Ciocca’s last week, with only 50 cars on the floor, 75% were Z51s. Pushing the price up. I have not only done road racing, about 75 races and over 100 track days, most trying to find my car’s limits. So I know how driving around the Glen at full throttle can stress a can, so Kudos tp GM for the Z51, but only 1% of those cars will ever be driven in to that zone where such upgrades are needed. And all these unsuspecting buyers are stick with tons of brake dust and tires what should be out in below 40F. There should have been a Z51 for street, and a Z52 for track. I’m a little old now, but with all my experience I doubt I’d push my C8 that hard.