While the eighth generation Corvette starts out as a relative bargain compared to other mid-engine sports cars offering similar performance levels, customers are apparently loading up Chevy’s Stingrays with plenty of options and raising the final price much higher.
That’s the word recently to GM Authority from General Motors Car, Performance and Motorsports Communications Assistant Manager Trevor Thompkins.
Thompkins reported in an email that the average transaction price for the 2021 Corvette during February was $86,185 – some $25,190 above the base MSRP price of $60,995 for the coupe and $17,690 above the base MSRP price of $68,495 for the convertible, both including the $1,095 destination charge.
Despite those high figures, however, demand for the new Stingray continues to run faster than Chevy can produce the vehicles, with the 2021 Corvette being the hottest selling vehicle in America for the first two months of this year. In February, Stingrays spent just 13.1 days on dealer lots before being sold, and we’re surprised that it’s not just a few hours considering that virtually every one of these units is already sold before it even leaves the Bowling Green factory.
Meanwhile, these are apparently good times for Chevy overall as the company recorded the highest average transaction prices ever for all its vehicles during the 2020 calendar year, at some $36,400 or a 6 percent increase over the previous year. While the ultra-popular mid-engine Corvette no doubt played a hand in that success, its relatively low volume of 21,626 units was just a drop in the bucket to Chevy’s overall sales of more than 1.7 million vehicles last year.
All in all, these numbers appear to be solid confirmation that Chevy made the right call by changing the eighth-generation Corvette to a mid-engine layout, at least based on the overwhelmingly positive reaction to the car by the market. In fact, that average transaction price of $86,185 is $26,000 higher than the figure for the previous-generation Corvette.
With higher-performance variants (at higher prices) apparently on the way in the coming years, that figure for the C8 is likely to go even higher.
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