GM has applied another price increase to the 2023 Corvette Stingray, GM Authority has learned.
As of June 13th, the 2023 Corvette Stingray will be $2,300 more expensive across the board, regardless of the trim level, options and features that are selected. That means the base price of a 2023 Corvette Stingray Coupe in the entry-level 1LT trim level will now be $65,595, up from $63,295. The 2LT trim level will now start at $72,895, up from $70,595, while the range-topping 3LT will start at $77,545, up from $75,245.
A GM spokesperson confirmed the price changes in an emailed statement sent to GM Authority, but said the higher prices would not be applied to customer 2023 Corvette orders that were already submitted.
|Trim Level||Configuration||2023 MSRP + DFC|
“The MSRP of the 2023 Corvette Stingray coupe and convertible has increased effective June 13,” the person said. “Customers with sold orders submitted prior to when the price increase became effective will not be impacted by the change. We monitor and adjust pricing on all our products regularly, and we’re confident the Corvette remains a winning formula of performance and attainability.”
The Corvette isn’t the only GM model to receive a price hike in recent months. As GM Authority covered previously, the 2022 Chevy Silverado 1500 and 2022 Chevy Silverado HD have also faced numerous price hikes this year, among many other GM vehicles, as the automaker and its industry rivals continue to grapple with rising costs for both components and shipping. Plant closures due to the semiconductor chip shortage have also added to the challenging market conditions.
Power in the 2023Corvette Stingray comes from the naturally aspirated 6.2L V8 LT2 gasoline engine, which is rated at 490 horsepower and 465 pound-feet of torque. Production of the sports car takes place exclusively at the GM Bowling Green plant in Kentucky.