The 2024 Corvette is getting a price boost of approximately $15,000 for most trim levels compared to the MSRP of the 2023 Chevy Corvette C8 Stingray, partly due to new standard advanced safety features.
CarExpert reports the 2024 Chevy Corvette C8 Z06 is scheduled to arrive in Australia late this year, with a substantial price premium above the other 2024 Corvette variants in GM’s Down Under lineup.
The right-hand-drive Corvette Z06 for Australia
The markup for base 2LT trim of the Australian-spec 2024 Corvette Stingray is slightly more than $15,000 AUD, bringing it to $175,000 AUD versus the 2023 2LT’s MSRP of $160,000 AUD. For the 2LT Convertible, price jumped from $175,000 AUD for the 2023 Corvette to $190,000 AUD for the 2024 Corvette.
Higher trim levels see similar price increases. The 2024 Corvette 3LT Coupe price also rose to $190,000 AUD, up from last year’s $175,000 AUD. The 3LT Convertible had its price jacked up $15,000 AUD as well, going from $190,000 AUD in 2023 to $205,000 AUD in 2024.
The freshly arrived 2024 Corvette Z06 eclipses the other prices in the lineup, however, with $336,000 AUD worth of sticker shock, $121,000 AUD more than the 3LT Convertible. None of these prices include Australian on-road costs, CarExpert notes.
The 2024 Corvette is the second model year with $15,000 AUD price hikes year-over-year across the lineup of available variants. Prices for the 2023 Corvette increased by a similar amount relative to the 2022 model year. Australia and New Zealand also got a right-hand-drive 2023 Corvette Z06 as part of GM’s “Corvette Z06 global program.”
As a reminder, the Australian versions of the 2024 Chevy Corvette Stingray cradles the naturally aspirated 6.2L V8 LT2 gasoline engine developing 490 horsepower and 465 pound-feet of torque, while an eight-speed dual-clutch transmission transmits output to the rear wheels.
Meanwhile, the 2024 Corvette Z06 is equipped with the mid-mounted, naturally aspirated 5.5L V8 LT6, connected to an outboard exhaust system. Output is rated at 636 horsepower and 439 pound-feet of torque. Featuring a flat-plane crank, dry-sump lubrication, and a redline of 8,600 rpm, the LT6 ranks as the highest-horsepower atmospheric V8 ever used in a production car.
While the Z06 variant is also rear-wheel drive and features the same eight-speed dual-clutch transmission as the Stingray, it has a shorter final drive ratio at 5.56, giving the variant crisper acceleration. For braking, it features 14.6-inch-diameter front rotors with six-piston calipers and 15-inch-diameter rear Brembo brake rotors with four-piston calipers.
Notably, CarExpert does not mention the 2024 Chevy Corvette C8 E-Ray among the Vette variants coming to Australia in late calendar 2023. Production of the 2024 Corvette begins September 5th, 2023 at the GM Bowling Green plant in Kentucky.
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Comments
GM is one day going to be sorry for their crazy price increases! $15k for safety features that should be free is just not right especially when most of the safety features are standard on the lower level vehicles. Tomg
That’s 15k AUD which is about 10k in USD. Nevertheless, it’s still alot of money.
It’s also the second $15,000 increase since C8 landed in Oz.
I’ve also noted they’ve gone up $1000 per year in the states.
According to my guestimates GM is making approximately $50,000 per car in Oz.
They came into Oz at $144,990 + on roads, which contains more Oz taxes and over the top dealer charges just like they do in the states. So since they hit the market in the states at $59,995
GM and their dealers have become obsessed with price increases.
In Oz we can’t buy a base model C8 it comes with several options and when you put an order in GM can put more options or change them so when your ordered car eventually gets here they offer that car with different options increased price take it or leave it.
They just say NEXT and sell it to the person with deepest pockets.
So to the individual these prices keep going up and up, which puts them out of reach for ordinary blokes.
The working man’s sports car is turning into an elitists car, less people able to afford, less sales. People are getting sick of constant price rises.
GM knows what they’ve got and how popular it is, they don’t care what you do or say they’ll keep putting the price up. It’s very very popular still. Wait until the ZR1 comes out I reckon that’ll be around the $500,000Au, the Z06 is $330,000+.
They’ve still got 5years left sticking it up Australians, the C8 is supposed to finish 2029, a 10year run, the C3 ran for 15 years.
It’ll possibly be electric but hopefully it’ll be Hydrogen.
Unless they come up with something else extraordinary.
No surprise. All costs are going up. Every single safety feature means a potential lawsuit from an attorney because it “failed”
Gm our gouging Australian buyers, pricing the traditional corvette base out of owning a corvette
Only the wealthy can afford one now $450k aud for a zo6 ffs
They come into the country at $336,000 so if you’ve been quoted $450,000 that’s bloody ridiculous.
There will be more charges and stamp duty (tax) on that but not $114,000 worth
Convert that Z06 $336,000 AUD to the USD and you talking $226,880.00 US Dollars at today’s rate. With contract negotiations looming along with another interest rate hike, and inflation, I expect our prices will continue to go up. I just priced out a fully loaded E-ray convertible and it came in at $157,400. I expect the 2025 Z06 and ZR1 fully loaded to be over $200k.
The Australian car prices quoted are not including on road costs which are luxury car tax, stamp duty registration and dealer mark up of what ever they want
Drive away price $400 to $450 k
I thought LCT and dollar conversion were put on landing in Australia and the rest of the taxes and charges are put on (on roads).
Corvette is high end sport car at this point. Shame really
C8’s came into the country at $144,990
plus all the other Australian charges and taxes, then a couple of months later GM increased the price by $15,000 just because they can. It has also gone up $1,000 per year since it was released.
So much for the working man’s sports car. Started 2020 at $59,995US.
There’s a lot more details about this story but it’s pissing me off so this is all I’ll write. Thanks GM. RIP Holden.