Corvettes Are Getting More Expensive Just in Time for the Holidays

Matt Posky
by Matt Posky
corvettes are getting more expensive just in time for the holidays

As the media obsessively focuses on the upcoming, mid-engined C8 Corvette, the C7 languishes. Vette sales exploded in 2014 following the release of the seventh-generation model, declining ever since. Chevrolet only sold 25,079 Corvettes domestically in 2017 and, even though year-end sales aren’t yet in, General Motors looks ready to fall short of last year’s volume for 2018.

While it is not abnormal to see the popularity of a high-profile sports car wane in the years following a debut, it’s slightly less common to see an automaker increase its price without adding some new hardware — and that’s what General Motors is doing with the Corvette in 2019.

How much more you’ll be paying depends entirely upon which C7 you’re in the market for. According to Corvette Blogger, Grand Sport models and below will tack on an additional $405 ($905 for convertibles), while the Z06 adds an additional $1,000 on top of that. For the ZR1, consumers are looking at a $2,000 price increase for the hardtop and $2,500 for the convertible — resulting in an MSRP of $125,400.

Opting for the eight-speed automatic also results in a small price increase for 2019. Formerly $1,725, the transmission will now cost $1,995. You’ll also want to account for GM’s $1,095 destination fee and the gas guzzler tax applicable to the Z06 and ZR1.

Fortunately, the new prices only affect cars invoiced from this point on. Corvettes currently relaxing in showrooms will not be subject to the price increase. But the same can not be said for the next vehicle that rolls off a car carrier and onto a dealer lot.

Our best guess is that General Motors assumes dealers can sell discounted C7s for more after the mid-engine Corvette hits showrooms. We also suppose a grand or two isn’t going to change the minds of most prospective buyers, who probably view the model as a relative performance bargain, anyway.

Chalk it up to inflation if it makes you feel any better. Of course, it likely won’t — unless you’ve one of the precious few Americans who actually received a raise or meaningful holiday bonus this year.

[Image: General Motors]

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8 of 13 comments
  • Hummer Hummer on Dec 19, 2018

    Last November when GM had its 20% off SS sedan sale I compared the price between the discounted Holden and the then current discounts on the Corvette. The SS were going for around $38-41k and the Vette was within a couple grand. Many in the $42k range. The C8 is a beyond boneheaded move that further convinces me of GMs incompetence. Say goodbye to the affordable Vette, not to mention destroying the nameplate in a similar manner to the Blazer. Sure give us a midengine sportscar but don't destroy the Vette which has acrued a legacy over 7 generations and countless decades as an affordable front engine rear drive sportscar.

    • See 3 previous
    • Hummer Hummer on Dec 20, 2018

      @TheAnswerIsPolara You can find monthly specials on GMs website, the only specials this month is low lease offers on the Vette, depending on the time of the year you can get 10k off, same for trucks.

  • SaulTigh SaulTigh on Dec 19, 2018

    The current Corvette is awesome, and particularly compelling in base Stingray trim. Biggest problem with buying them? They're sold by Chevy dealers, all of whom seem to be much more interested in selling some SUV blob to subprime buyers, or pickup trucks. Ford dealer experience isn't much better, but I come out pissed off every time I try dropping in on a Chevy dealer.

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    • FreedMike FreedMike on Dec 20, 2018

      This...and it's true of Dodge dealers as well. When I bought my Jetta in late '16, I shopped a Cruze and a Dart. The sales staff at the Chevy and Dodge stores I went to looked at me like I had a third eye sticking out of my forehead or something. The Dodge guy actually said something to the effect that little cars were for gay guys and highly suggested I buy a RAAAAMMMMMMMMMMMMMMMMMMMM Rebel. Okey dokey. In retrospect, questioning my interest in the ladies aside, can I blame them for trying to push trucks on me? Not really. If these guys were being paid on commission, they'd probably make a "mini" on the compact car sale, but could actually make enough on the truck to pay their baby mama that month. Gotta have priorities, y'know.

  • Lou_BC "Owners of affected Wrangles" Does a missing "r" cancel an extra stud?
  • Slavuta One can put a secret breaker that will disable the starter or spark plug supply. Even disabling headlights or all lights will bring more trouble to thieves than they wish for. With no brake lights, someone will hit from behind, they will leave fingerprints inside. Or if they steal at night, they will have to drive with no lights. Any of these things definitely will bring attention.I remember people removing rotor from under distributor cup.
  • Slavuta Government Motors + Government big tech + government + Federal police = fascist surveillance state. USSR surveillance pales...
  • Johnster Another quibble, this time about the contextualization of the Thunderbird and Cougar, and their relationship to the prestigious Continental Mark. (I know. It's confusing.) The Thunderbird/Mark IV platform introduced for the 1971 model year was apparently derived from the mid-sized Torino/Montego platform (also introduced for the 1971 model year), but should probably be considered different from it.As we all know, the Cougar shared its platform with the Ford Mustang up through the 1973 model year, moving to the mid-sized Torino/Montego platform for the 1974 model year. This platform was also shared with the failed Ford Gran Torino Elite, (introduced in February of 1974, the "Gran Torino" part of the name was dropped for the 1975 and 1976 model years).The Thunderbird/Mark series duo's separation occurred with the 1977 model year when the Thunderbird was downsized to share a platform with the LTD II/Cougar. The 1977 model year saw Mercury drop the "Montego" name and adopt the "Cougar" name for all of their mid-sized cars, including plain 2-doors, 4-doors and and 4-door station wagons. Meanwhile, the Cougar PLC was sold as the "Cougar XR-7." The Cougar wagon was dropped for the 1978 model year (arguably replaced by the new Zephyr wagon) while the (plain) 2-door and 4-door models remained in production for the 1978 and 1979 model years. It was a major prestige blow for the Thunderbird. Underneath, the Thunderbird and Cougar XR-7 for 1977 were warmed-over versions of the failed Ford Elite (1974-1976), while the Mark V was a warmed-over version of the previous Mark IV.
  • Stuart de Baker This is depressing, and I don't own one of these.