The mid-engine C8 Corvette got its big debut in July of 2019, dropping in for the 2020 model year with a starting price under the $60,000 mark. However, since the C8’s initial launch for 2020, GM has increased the C8 Corvette Stingray price every single year. In fact, compared to the 2020 Corvette Stingray, pricing for the 2024 Corvette Stingray is up a whopping $10,000.
The starting 2020 Corvette Stingray price was originally set at $59,995, including destination freight charge. Now, the starting 2024 Corvette Stingray price is set at $69,995, including DFC.
The base price for the C8 Corvette Stingray has increased every single year since its debut:
- 2021 model year: +$1,000
- 2022 model year: +$1,200 (including DFC increase from $1,095 to $1,295)
- 2023 model year: +$1,100 (including DFC increase from $1,295 to $1,395)
- 2023 model year: +$2,300
- 2023 model year: +$300 (RPO code PRF) 3 years of Remote Access Plan became standard
- 2024 model year: +$2,000 (including DFC increase from $1,395 to $1,595)
- 2024 model year: +$2,100 (including DFC increase from $1,595 to $1,695)
Looking over the numbers, we find that the Corvette Stingray price is up nearly 17 percent over the last five years for 1LT Coupe models:
- 1LT Coupe: +$10,000, or 16.7 percent
- 1LT Convertible: +$9,500, or 14.1 percent
- 2LT Coupe: +$9,800, or 14.6 percent
- 2LT Convertible: +$9,800, or 13.2 percent
- 3LT Coupe: +$9,800, or 13.6 percent
- 3LT Convertible: +$9,800, or 12.4 percent
Check out the table below for a more thorough breakdown of pricing for the C8 Corvette Stingray between the 2020 and 2024 model years:
Trim Level | Configuration | 2024 MSRP + DFC | 2024 MSRP + DFC | 2023 MSRP + DFC | 2023 MSRP + DFC | 2023 MSRP + DFC | 2022 MSRP + DFC | 2022 MSRP + DFC | 2021 MSRP + DFC | 2020 MSRP + DFC |
---|---|---|---|---|---|---|---|---|---|---|
Stingray 1LT | Coupe | $69,995 | $67,895 | $65,895 | $65,595 | $63,295 | $62,295 | $62,195 | $60,995 | $59,995 |
Stingray 1LT | Convertible | $76,995 | $74,895 | $73,395 | $73,095 | $70,795 | $69,795 | $69,695 | $68,495 | $67,495 |
Stingray 2LT | Coupe | $77,095 | $74,995 | $73,195 | $72,895 | $70,595 | $69,595 | $69,495 | $68,295 | $67,295 |
Stingray 2LT | Convertible | $84,095 | $81,995 | $80,195 | $79,895 | $77,595 | $76,595 | $76,495 | $75,295 | $74,295 |
Stingray 3LT | Coupe | $81,745 | $79,645 | $77,845 | $77,545 | $75,245 | $74,245 | $74,145 | $72,945 | $71,945 |
Stingray 3LT | Convertible | $88,745 | $86,645 | $84,845 | $84,545 | $82,245 | $81,245 | $81,145 | $79,945 | $78,945 |
Although the price increases for the C8 Stingray were done incrementally, they equate to a substantial increase over the initial 2020 model-year pricing when added up over a five-year period. Not that the pricing increases did not coincide with any differences between the model years – quite the contrary, as we laid out in several GM Authority reports detailing what’s new and different for the 2021 Corvette, the 2022 Corvette, the 2023 Corvette, and the 2024 Corvette.
As a reminder, the C8 Corvette Stingray features the naturally aspirated 6.2L V8 LT2 gasoline engine and rides on the GM Y2 platform. Production takes place at the GM Bowling Green plant in Kentucky.
Of course, fans will no doubt have quite a few thoughts on all this, so we want to know – are the price increases reasonable? Let us know your thoughts by posting in the comments, and remember to subscribe to GM Authority for more mid-engine Corvette news, C8 news, Chevy Corvette news, Chevy news, and around-the-clock GM news coverage.
Comments
And they say inflation is dead. The Feds need to open their eyes and go after all these gougers like automakers. I saw a story on the national TV news this week that that is what is coming. Good.
I’m not for taxing rich however seeing in the Corvette forums posts of C8 sales so the seller can make room for a Porsche, Z06 or other higher end sports car does make me re-think that sometimes. These rich aholes even admit to paying ADM.
That being said I’m still not for taxing the wealthy as I know the US government would be more reckless with thatmoney.
And real life street prices were in the 6 figures for BASE C8s for years as all the Boomers flocked to buy their “last corvette ever” with their retirement funds.
Yeah, see lots of boomers are also selling their C8s as they barely drive them too. Waste of their $$$, schmucks.
Another jealous comment from a broke, in debt up to the eyeballs, no social skills, generation whatever these infantile “adults” call themselves.
JUST AS BAD AS THEIR GREEDY DEALERS !!!!!
GM has to pay for EV development somehow
Still a bargain compared to every other vehicle in its class
As a lifelong Corvette owner, I agree, starting with a new 1967 and now a C8. I wish people who gave your comment a thumbs down would provide a reason for doing so and tell us what cars are better priced than the bargain C8s that have cars costing three times more and having trouble keeping up with it. Maybe they don’t know how to explain their reason or are too poor to be able to own one so they just look at the price and it scares them.
I waited 20 months for my 2023 HTC and consider it a great bargain. If you want a bargain basement car go to Kia
Still less than my new Pickup. If you don’t think a new StingRay is worth $70,000 I don’t know what to tell you.
General inflation is 20% – 30% over the last 4-5 years, or more. Corvette price increases are well below that, so I think GM is doing a fine job keeping prices relatively affordable.
I guess there are always two sides to a story (sometimes even more than two sides!), one side may seem somewhat irritated that the Mighty C8 Corvette Stingray is costing even more than it did when it first came out in 2020…but there are those who feel that even at it’s new base price (and consiquent other models prices going up also) that the C8 is still a real bargain in that segment of the market when you consider that the cheapest Porsche’s have a base price that is 20% to 30% higher than the C8’s base price, and we don’t hear too many complaints from those Porsche people when those cars also go up in price and the same goes for most Italian and British Sports Cars too. In my humble opinion, I think that the improvements in the C8 since 2020 are certainly worth something, and whether you agree or disagree that those improvements and with the added cost of every part and the labor to build this car included don’t add up to a $10,000 increase is sort of a moot point because…the cost went up and it probably isn’t going down anytime soon if ever. That said the C8 is still one hell of a bargain no matter how you look at it, and if those Chevy dealers that have been adding that pathetic and stupid “fair market value increase” sticker would just back down and sell the C8 (no matter what model) for the MSRP and give the future C8 buyers a break…I think this would continue to qualify the C8 as a continued best “Bang For Your Buck” sports car world wide with no real competition at whatever price the MSRP shows. When I purchased my 2001 C5 many years ago, the dealers (at least here in SoCal) were happy to sell whatever was on their lot and to order a new C5 for future Corvette owners…except for, then new to the market, 2001 C5 Z06, which was one of the first C5’s to start seeing an adenum put over the MSRP on those cars…and of course every subsequent year after that when a speciality model hit the Chevy showrooms, C5 to the present C8. But…the world has changed a lot in the last 20 years since the C5’s first hit the market place and I suppose we’lljust have to “grin and bear it” or…go find another sports car that pleases your taste and your bank account, but truthfully…good luck beating the Mighty C8, you’ll have your hands full attempting this unless you either lower your standards or go looking for a used C8 with low mileage and a boatload of options! Okay, ’nuff said.
It’s funny! No one complains about customers flipping vehicles. I sold a new Corvette for MSRP, last year. The guy told me this was his dream car and it was going into his garage for a very longtime. 10 days later, he flipped for $10,000 to a used car dealer. That used car dealer sold it and made another $7,500. Lesson learned! No more MSRP on hot products.
I have a 22 3LT Z51 Coupe. I just priced out the exact car for the 24 model. It is $9,000 more in 2 years. I also bought a 22 Tahoe Premier. It went up $6,000, so that’s a $15,000 increase in just 2 years. I was happy for myself but sad at the same time.
a neighbor bought a full race car kitted c8 last month. he replaced his race car camaro.
he will never drive it. it will sit in his garage and he will look at it. its what he does. good for him. if he can afford a 220k ornament (he makes less than me) who am i to hate. i’ll go stare at it with him now and then. it is totally cool and as car guy, i approve of this purchase. life is too short
True but who buys a 70k Vette? If you use the avg 100k+ sticker price, the % increase is less. Also the 2024 additional safety stuff is well worth that years increase. Now it’s almost as safe as a Hyundai.
I’ve been saving up for a corvette and this year the 2024 price really discouraged me.
Canadian pricing here:
2023 1LT 78,924$
2024 1LT 90,825$
Once I config with very basic options it goes over 100k which now triggers a luxury tax on top. So add another 2.5k there too. Then tax all that again with 15.1% for provincial and fed taxes.
Interest rates at 7.5%
I love the car. But it’s starting to feel like a dream out of reach.