The market for new C8 Chevy Corvette Stingray models appears to be cooling, with many 2024 models now offered below MSRP at dealerships across the United States. While some dealers will undoubtedly continue to apply markups as long as possible, substantial discounts are now increasingly more common, signaling a stabilization in demand for this once-highly coveted model. The drop in prices can be attributed to a number of different factors.
A few examples of the recent price drops include a Stingray 3LT model on offer from Bozarth Chevrolet in Colorado, which is listed at $94,855, a discount of $10,699. At AutoNation Chevrolet Doral in Miami, Florida, a new Stingray 2LT is listed at $89,490, a discount of $8,515. At Les Stanford Chevrolet in Detroit, Michigan, a new Stingray 2LT is listed at $79,000, showing a discount of $14,350. Finally, at Chevrolet of Carson in California, a new Stingray 2LT is listed at $88,300, a discount of $10,000.
The recent discounts highlight a stark shift in the market for the mid-engine Vette as the once-skyrocketing prices for the C8 Stingray begin to settle.
The C8 Corvette Stingray launched in early 2020 to a tremendous amount of fanfare, initially commanded high premiums due to supply shortages and overwhelming demand. As GM Authority covered previously, prices for the C8 initially averaged 83 percent higher than those for the previous-generation C7 Corvette. Today, however, the gap has narrowed significantly, with new C8 prices sitting 48 percent higher on average when compared to the C7.
Several factors have contributed to the rapidly narrowing price gap, including strong value for the C7. As the last front-engine Corvette and likely the last model to offer a manual transmission, the C7 continues to offer strong value among enthusiasts. The release of several high-performance C8 variants has also contributed, with models like the Z06, E-Ray, and ZR1 shifting buyer attention away from the base-level Stingray, consequently driving down prices for the entry-level model.
What’s more, the production challenges that constrained supply early in the C8’s lifecycle have eased, reducing scarcity-driven price hikes.
For consumers, this is likely all taken as very good news. Finally, it’s looking like the C8 Corvette is becoming more attainable for the average buyer.
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.
Comments
Expect this trend to continue until GM performs a long overdue refresh to the interior and exterior.
It’s really about time – the most recent car, the C7, had about 24-months from when it was first available for sale to when there were deals to be had at the dealerships. The C6 was even shorter, 18 months.
By my math, the C8 was almost 50 months. Impressive even with adding in a scamdemic.
Still do not want although it’s a beautiful machine. I’ll pick up another C6 or C7 someday where I can row my own gears.
I just can’t shake the Boomer stigma from the Vette. Looks like they finally ran out of the “This is the last Corvette I’m ever going to buy, I don’t care what it costs” crowd.
I would absolutely love to see a setup similar to the hybrid E-Ray’s in a Camaro.
LOL at the schmuck that paid $100K over MSRP just to be first to own one.
Les Stanford’s discount include GM employee pricing and I suspect this is the case with many of the other dealerships as well.
Waiting for the Z06 price to drop until I replace my 2020 C8 Z51. I know several car enthusiasts that paid tens of thousands over list for the Z06. Dealers are now offering a Z06 at list. If Chevy allows the employee pricing on a Z06 (would be over $10,000 off list) then I will order one in a heartbeat.
Just like when the first Acura NSX came out, dealers put stanchions around the models on the floor and early buyers paid $100k+ for a $55k sticker car. About a year later, discounts were everywhere.
Hopefully, the C8 will have the collector value the 1st NSX does, as the first mid-engine Vette.
That’s good…gives the Camaro affectionatos some hope for affordability…or they jump ship.
Even better if you own a 2010 or later model year Camaro there is a $2500 rebate from GM on in stock 2024 models.
Around 2019 2020 i was at Bozak chevrolet in burns harbor Indiana and could’ve bought a base z51 for 56k out the door ! Now not so cheap anymore
A local dealership currently has an inventory of 12 to 15 2024 Chevrolet Corvette C8s available, with discounts ranging from $7,000 to $10,000 off the manufacturer’s suggested retail price (MSRP). Additionally, the dealership is offering both new and used Z06 models. According to the sales manager, demand for the C8 has declined significantly, posing a challenge as their 2025 allocation predominantly comprises C8s and Z06s, with only one or two E-Ray models allocated per month. While the Z06 continues to generate some interest, consumer demand has largely shifted toward the E-Ray and the anticipated ZR1. Consequently, for prospective buyers, this period represents an optimal opportunity to purchase a C8 at a discounted price.
I couldn’t purchase a C8 back in 2019. So I decided to purchase a brand new C7 instead. List price was $65,000 minus a $15,000 discount. Plus other incentives and rebates I was able to purchase my C7 for $38000. A very good deal indeed. I also own 2 C5 Corvettes. When Chevrolet and GM decide not to play markup games anymore I just might be in the market for a C8. Till then I will wait till the C8 Corvette depreciates. Maybe then I will buy the C8 between $30000-$40000.