The 2023 Corvette Stingray has received a $15,000 price hike in Australia over the outgoing 2022 model.
According to Drive.com.au, the Australian-spec 2023 Corvette Stingray in the base 2LT trim level will be priced from $144,990 in Australia – up from $144,990 for 2022. The 2LT Convertible is up from $159,990 AUD to $175,000 AUD, while the 3LT Coupe will be also now be priced from $175,000 AUD. The 3LT Convertible will now be priced from an eyebrow-raising $190,000 AUD. Shipments of the 2023 Corvette Stingray to the country will commence in the fourth quarter of this year.
Drive.com.au reports that many General Motors Special Vehicles (GMSV) dealers in Australia applied large destination freight charges to the 2022 Corvette Stingray, which typically ranged from $10,000 to $15,000, due to the limited supply of the vehicle in the country. GM allegedly took notice that Australian buyers were willing to pay these inflated prices for the mid-engine sports car, which prompted the price increase, an anonymous GMSV dealer told the publication.
“GM have seen the invoice prices customers have been prepared to pay in Australia, and decided to help themselves to a greater portion of that,” the person said.
The automaker attributes the higher revised prices to the increased costs of doing business, partially driven by inflation and exchange rate fluctuations in the value of the Australian and US dollar. A total of 55 GMSV dealers are currently operational in Australia, with each of these stores allocated just four examples of the C8 Corvette Stingray in the past year and a half, according to Drive.com.au.
Deliveries of the right-hand-drive Corvette Stingray in Australia and New Zealand commenced earlier this year following a lengthy two-year wait for the mid-engine sportscar down under. Like U.S.-spec vehicles, right-hand-drive 2022 Corvette models are equipped with the naturally aspirated 6.2L V8 LT2 gasoline engine, rated at 490 horsepower and 465 pound-feet of torque. An eight-speed dual-clutch transmission sends power to the rear wheels.
Australian and New Zealand GMSV customers will eventually have the opportunity to purchase the new C8 Corvette Z06 locally in a right-hand-drive layout, GM said previously. Naturally, the price of this model will be much higher than the run-of-the-mill Stingray in these countries.