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.