C8 Corvette Z06 Prices Are Finally Cooling Off

The C8 Corvette Z06 launched for the 2023 model year amid widespread acclaim, and unsurprisingly, as soon as it hit the market, dealers weren’t shy about tacking on enormous markups to take advantage of consumers’ overwhelming demand. Indeed, as GM Authority covered in 2023, one Pennsylvania dealer was asking for $60,000 in “dealer market adjustment” fees, while in 2022, a dealer in Florida was asking for a whopping $100,000 over MSRP. Now, however, it appears as though pricing for the C8 Corvette Z06 is finally starting to cool off, much to the relief of consumers.

Interestingly, many dealers are now offering significant discounts on the C8 Corvette Z06, even advertising pricing below MSRP. For example, Criswell Chevy Buick GMC In Gaithersbug, Maryland is currently offering a new 2024 Corvette Z06 2LZ for $130,974, or $6,881 off MSRP. James Wood Autopark in Denton, Texas is offering a new 2024 Corvette Z06 3LZ for $130,485, a discount of $8,000 off MSRP. Meanwhile, Victorville Chevrolet Cadillac in Victorville, California is offering a new 2024 Corvette Z06 3LZ for $121,125, a substantial $11,000 off MSRP.

Notably, the C8 Corvette Z06 isn’t the only Chevy sports car with declining prices and disappearing markups. As GM Authority covered previously, many new Corvette Stingray units are now selling under MSRP as well, with GM Authority identifying discounts up to $10,000 off MSRP from at least one dealer.

For fans of Chevy’s mid-engine sports car, this all likely comes as very good news. Notably, the C8 is depreciating at a much faster rate than the previous-generation C7 Corvette, likely due to an initial jump in prices during the launch of the C8, as well as continuing demand for the C7 as the last front-engine Corvette with the option for a manual transmission.

As a reminder, the C8 Corvette Z06 is motivated by the naturally aspirated 5.5L V8 LT6 gasoline engine, which is rated at 670 horsepower and 460 pound-feet of torque. The GM Y2 platform provides the underpinnings, while production takes place at the GM Bowling Green plant in Kentucky.