With the 2020 Corvette Stingray being the hottest car currently for sale in America, we knew that there would be a number of owners that would attempt to flip the car for big bucks. Certainly, we’ve all seen the eBay ads with cars priced at $10,000 to $30,000 over the MSRP and we know there will be buyers for those cars no matter the price.
Back in May we wrote about the 2020 model year Corvettes being an “instant collector car” as that’s when there were only 2700 built prior to the COVID-19 shutdowns. And with the factory closed, it made a lot of sense for those early owners to go ahead and take the quick payday for their vehicles. Now that production is steadily rolling again, is the quick cash still there?
Apparently, many sellers believe it is.
For those buyers who missed out on ordering the 2020 early enough, the secondary market is turning out to be the only place where you can buy a 2020 Corvette and be drive it away immediately. While some dealers may have a 2020 Corvette for sale on the lot, it’s because the buyer backed out of the deal. And from the dealers we talk with, that’s not happening that much with the 2020 Corvettes.
A trip over to AutoTrader.com now shows a nationwide search for used 2020 Corvettes brings back 132 results. While some of these cars are listed for sale by individuals, in many cases you will find that the original owner has already sold the car to a pre-owned dealer who then adds even a larger mark-up to the price of the car.
The listings on AutoTrader range from a Black 1LT non-Z51 Coupe priced at $89,750 to a loaded 3LT Shadow Gray Z51 Coupe with the High Wing and 5VM Aero Package priced at $137,000. Most colors are available from our review and it appears the secondary market is about the only place where you can get a 2020 Corvette with those discontinued options like the high wing and aero package.
A similar search at Cars.com shows 118 used 2020 Corvettes available with White 1LT non-Z51 Coupe selling for $89,900 while the highest priced Stingray is a While 3LT Z51 Coupe with only 140 miles being sold by its original owner for $140,000. As we were scrolling through these listings we did see a few of the same cars that are listed on Autotrader as well. And surprise, surprise as we even found that 2020 Corvette with the crazy wrap job listed for sale at $95,500 with the car having just 2,100 miles on it.
So you have some choices if you absolutely need to have the car right now. And despite the mark-ups that are shown, these prices are still much lower than the MSRPs of similar sportscars from Porsche, Ferrari, McLaren, and Lamborghini. So if you’re a well-healed buyer who doesn’t need to “bring a banker,” your next Corvette could be just a keyword search away.
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