With discretionary funds increasingly decreasing, low-cost (or make that “approachable”) cars are all the rage. Before the 2014 Corvette Stingray, the first new Corvette in nine years, is going on sale in summer, there already is talk of a little less expensive model.
GM is planning to build an entry-level Corvette, unnamed sources told Reuters. It’s not a new car, but a de-contented Corvette: It would have al 5.3-liter V8 engine instead of the 6.2 L, and will have to shed a bunch of amenities, such as automatic climate control. It would be offered only as a coupe.
Sales of the Corvette have dwindled from a peak of 42,571 in 1977 to 14,132 last year. The car has become a toy of balding empty nesters.