Chevrolet Has Raised the Price of All Corvette Models by $2,000 Effective October 2nd

By
Keith Cornett
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6
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Chevrolet Has Raised the Price of All Corvettes Models by $2,000 Effective October 2nd

Photo Credit: Chevrolet


Chevrolet dealers received a memo overnight from General Motors announcing a $2,000 price increase across the board on all 2024 Corvette models. The effective date for this price increase was yesterday, making every new order submitted subject to the price increase.

However, dealers who had submitted orders for the 2024 models and have an 1100 status may have price protection. We’ve seen this before, and having a “price protected” order sometimes means having to fight with your dealer to insure you get it.

Here is what the estimated revised pricing looks for all three Corvette models and their trim packages. Prices include the destination fee of $1,595:

2024 STINGRAY PRICES
• 1LT Coupe: $69,895
• 2LT Coupe: $76,995
• 3LT Coupe: $81,645
• 1LT Convertible: $76,895
• 2LT Convertible: $83,995
• 3LT Convertible: $88,645

2024 Z06 PRICES
• 1LZ Coupe: $111,695
• 2LZ Coupe: $120,595
• 3LZ Coupe: $125,245
• 1LZ Convertible: $118,695
• 2LZ Convertible: $127,595
• 3LZ Convertible: $132,245

2024 E-RAY PRICES
• 1LZ Coupe: $106,495
• 2LZ Coupe: $111,995
• 3LZ Coupe: $117,445
• 1LZ Convertible: $113,495
• 2LZ Convertible: $118,995
• 3LZ Convertible: $124,445

This is a breaking story and if we have any updates, we’ll post them here. This is the notice that dealers received:

CHEVROLET is announcing revised prices effective for vehicles produced on or after October 02, 2023. This revision affects Base Model Prices, DFC, and specific options for 2024 MY CORVETTE. Dealer invoice amounts will increase accordingly. Dealer discounts remain unchanged.

Dealer price schedules will be available in GlobalConnect effective October 02, 2023.

Retail sold order price protection eligibility dates are dictated by the customer and dealer order dates as follows:

-Customer order date must be prior to the date of the price increase.

-GM systems order date (date dealer enters in GM system) must be no more than one workday after date of the price increase.”

These units will be invoiced at prices in effect at the date of production; however, the dealer open account will automatically be credited for the price increase once the unit has been delivered.”


Source:
Chevrolet

Related:
ZER Performance Package for the 2024 Corvette E-Ray to Cost $500
Chevrolet Increases the Pricing of R8C Corvette Museum Deliveries by 50% for 2024
[VIDEO] Corvette MSRP Trim Pricing for the 2024 Model Year Is Now Out

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6 COMMENTS

  1. Wow. So – $11,000 increase over four calendar years. That is about 19% increase or 5% a year. I had to wait – let’s see now – its almost three years. And have to pay $11,000 more than a person would for basically the same car when it came out. I know others will say something like, “It’s still a bargain”. Perhaps, but eventually it will just be an expensive toy.
    Time to look at Supra and MX-5 again?

  5. Really wanted to buy a C8 late next year, but will now buy a C7. Chevrolet can take the C8 and shove it up their butt.

  6. Was thinking about getting a C8, beautiful car. Seeing an MSRP sticker price of $67k-$69k, was like, ok i can do that. Get to the dealer and they mark it up to $90k…..Nope!
    That should be illegal!

Comments are closed.