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Chevrolet Raising Prices on the 2014 Corvette Stingray and Z51 Performance Package

by Keith Cornett on March 4, 2014

Chevrolet Raising Prices on the 2014 Corvette Stingray

When Chevrolet initially priced the 2014 Corvette Stingray coupe at $51,000 and the Convertible at $56,000, we were shocked at how much car an owner was getting for the money. Add to the fact that the very popular Z51 performance package added a mere $2800 to the sticker price and we can see how that pricing eventually led to demand outpacing supply.

To help meet the demand, Chevrolet is raising the prices on both the base Corvette Stingray Coupe and Convertible, which will see their prices go up $2,000. The Z51 package increases $1,200 for a total package cost of $4,000.

The pricing increase went into effect on Monday, March 3rd and dealers were notified this morning via an internal communications memo.

The base price of the 2014 Corvette Stingray increases from $51,000 to $53,000. Add the Z51 Performance Package and the base price for a Z51 coupe is now $57,000. The changes in the Convertible Stingray are similiar. The base price for the convertible increases from $56,000 to $58,000 and when you add the Z51 Performance Package, the base price for a Z51 Convertible is now $62,000. There is still a $995 destination charge on all Corvettes.

The Z51 Performance Package includes the larger 19-inch front and 20-inch rear wheels and tires; larger slotted rotors and brake-cooling ducts; Performance Traction Management; electronic limited-slip differential and differential cooling system; unique chassis tuning; and available Magnetic Ride Control active-handling system with Performance Traction management. Equipped with the Z51 package, the Corvette Stingray is capable of accelerating from 0 – 60 mph in under four seconds, and more than 1g in cornering.

We spoke with a representative from Chevrolet who told us that “customer demand for both Stingray models and especially the Z51 has exceeded expectations and we are trying to meet that demand.” The Chevy representative added “Customers who have an order in the system are not subject to the price increase.”

So that’s great news for those who already have an order in the system. We reached out to our friends at Kerbeck Corvette this morning who confirmed the price increase. Kerbeck’s Dave Salvatore says that the pricing increase is only on cars built after 3/3/2014 and that Kerbeck has a large selection of existing Corvette Stingrays in stock that are not subject to the price increase.

So the good news is that demand for the 2014 Corvette Stingray is at record high levels. The bad news, unless your got an order already in the system or you buy an existing Stingray off a dealer’s lot, prices are going up to meet that demand head-on.


Related:
The 2014 Corvette Stingray Will Start at $51,995
Dealers Face Decision to Sell the 2014 Corvette Stingray at MSRP or More
Strong Demand for the C7 Corvette Stingray Creates Opportunities for Sellers

 

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