Prices for the C8 Corvette have been elevated ever since the release of the C8 Stingray for the 2020 model year, with soaring demand and supply shortages exacerbating the issue and leading to substantial dealer markets. The issue continued in the years that followed, including for subsequent C8 variants like the C8 Z06 and C8 E-Ray. Thankfully, it looks as though all C8 Corvette prices are finally coming down.
GM Authority previously covered the ongoing price dips for the C8 Stingray and price dips for the C8 Z06. Now, it appears as though prices for the C8 E-Ray are falling as well, with some dealers offering substantial discounts.
For example, Platinum Chevrolet in Santa Rosa, California is now listing a new 2025 Chevy Corvette E-Ray 3LZ in Riptide Blue Metallic for $123,234, $5,000 off MSRP. Meanwhile, Gene Messer Chevrolet in Lubbock, Texas is listing a new 2024 Chevy Corvette E-Ray 2LZ in Silver Flare Metallic for $119,995, or $5,740 off MSRP. Finally, Carroll Chevrolet in Deland, Florida is listing a new 2024 Chevy Corvette E-Ray 2LZ in Rapid Blue for $107,200, a whopping $10,000 off MSRP.
These price dips match similar price cuts for new units of the C8 Stingray and C8 Z06, with GM Authority uncovering discounts up to $11,000 off MSRP for new units of the Z06, and $14,350 off MSRP for the Stingray.
All of this stands in stark contrast to market conditions just a few years ago. Back in 2022, GM Authority covered a dealer in Florida that was asking for $100,000 over MSRP for a new 2023 Z06.
Obviously, it’s looking like these prices are finally coming back down to Earth. Indeed, the C8 is depreciating at a much faster rate than new units of the C7-generation Vette, the latter of which serves as the last front-engine Corvette available with a manual transmission.
As a reminder, all C8 variants ride on the GM Y2 platform, while production takes place at the GM Bowling Green plant in Kentucky.
Comments
Shoot, you had Boomers here paying over $100k for BASE C8s for a couple years.
Uh hardly. There simply were NOT multiple people (as in your plural of Boomers) paying +$100,000 for a BASE C8 a few years ago. Mind you tax, title and all the other government grabs drove the prices up for all of us who purchased. But dealer mark ups in base C8s were NOT in the +$100,000 price range.
Hot take. The hype for the affordable Ferrari is drying up.
The people who own , owned or wanted Camaros/Mustangs don’t have the money for a base C8.
So, GM wake up, update and bring another alpha Camaro V8 back.
No one wanted the Camaro because it was smaller and looked similar to the 2010 Camaro.
The C8 was a huge success for several years before discounts and the demand just slowed down recently so that is normal with any make and model aging.
Wonder if GM will cut some shifts due to slower demand at the plant. The dealers don’t need to be flooded with the Vettes. Not a good look IMO.
It’s also worth mentioning that GM is now honoring GM Employee Pricing on C8 Stingray, which is a first for this generation Corvette.
So, you mention several large dealerships’ prices, which says only so much for the entire market. The only thing that I’ve noticed here in the KC area is that some are going for close to MSRP. Used ones are still elevated, however. You mentioned the depreciation of the C7, which had the worst manual transmissions of regard’s to daily driving. I don’t need to do heel and toe when I’m stuck in rush our traffic.
On another note, I don’t agree with those criticisms of the 6th Camaro generation. It had its own look and the alpha platform was much better than the 5th generation’s Zeta. And, the ZL-1’s LT4 was way superior to the LSA.
I’m waiting for the 4 door Corvette coupe.
The dealers are holding to much Corvette inventory even at sticker pricing. The floor plan interst is adding up. Time to discount to help retail customer sales and then reorder and stock wisely.
I traded my c8 lT3 conv. 2021 this spring. I purchased a C8 2024.
$3700 per yr. A total of $11,000 deprecation =13%
I’m happy with that. I doubt I will equal that again.
I think my 2024 will be my last C8
A couple of years ago, our local dealer had one C-8 in the show room with a mark up of $20,000 for “market conditions”. Same dealer had $10,000 mark up on the top of the line 3500HD diesel dually truck. Both of these vehicles had the usual BS mark-up items of special coating, nitrogen in the tires etc. Both sold very quickly. The mentality of people that I got to have it now baffles me. I have been waiting for the prices to get real. I am gong to wait a little longer. Oh, and for the dealer, I won’t even take my truck there for service because of their shenanigans.
I just picked up my Z06 1 LZ at sticker price. Biggest option was the governments gas guzzler tax $3000
Waiting on my order of standard C8. Got good discount from dealer. What amazes me is after 5 years of making this model, they still have constraints. GM–WAKE UP AND GET NEW VENDORS or hold their feet to the fire. The fact they have constraints on wheels is pathetic.
I hope the dealers who ripped people off with mark-ups suffer badly. In 2022 I waited 8 months working with a Chevy dealer in Ocala FL. We agreed on MSRP as the price and they ‘ordered’ me a car. At 8 months they called my and said the price was now MSRP + 30K. I wrote a letter to the dealer owner saying I would do everything I could to convince friends and neighbors never to patronize his dealership. I’ve succeeded convincing 5 people to never buy anything there. I did get a special order 2023 Corvette at MSRP from an honest dealer in my hometown of Detroit.
Glad I passed on the C8 and bought a Jaguar F-Type instead. The C8 is only a few years old but its sharp edge looks is aging fast.
C8 supply was just catching up with demand when interest rates skyrocketed, cutting demand. Now there are more than needed, at least until the economy improves. The stock market likes the political change so no telling how long the glut lasts. Big depreciation numbers are primarily due to ADM evaporation.
There is a limit to how many Corvettes you can sell at Porsche prices. I’m sure dealers are upset their markup days are over.
Can Corvette please combine a C6 rear with C7 front, and bring back the normal $60K base model price? Oh, and please return the manual transmisson. Thank you. The C8 rear still looks like a flattened sandwiched Camaro, and don’t care for the paddle shifters since we don’t drive in F1 circuits.