Blame inflation and demand.
While the spotlight has been focused on the upcoming C8 mid-engined Corvette, we should not forget about the current C7, which we're told won't immediately be discontinued upon the C8's arrival. In fact, the entire C7 lineup will return for 2019, including the ZR1 coupe and convertible. However, there will be some price increases.
CorvetteBlogger uncovered 2019 Corvette pricing and we can see that lower trim C7s, specifically the Stingray, Z51, and Grand Sport coupes, increase by $405 compared to last year. For example, the 2018 Stingray coupe based at $55,495 and for 2019 that figure is $55,900. The lower trim convertible equivalent, however, increases by $905.
Last year a Stingray Z51 convertible would set you back by $64,495, and for 2019 that figure has climbed to $65,400. Moving up the pyramid, the Z06 coupe and convertible have $1,405 and $1,905 price increases, respectively. Meanwhile, the ZR1 coupe and convertible have the biggest price boosts by $2,000 and $2,500, respectively. This means a 2019 ZR1 coupe and convertible now cost at least $120,900 and $125,400. We also need to note that none of these price increase includes the $1,095 destination fee or even the gas tax levied on the Z06 and ZR1.
Digging into the options reveals the eight-speed automatic with paddle shifters is also going up in price from last year. It will now add $1,995 to the price, instead of $1,725. Why the $270 difference?
Likely because some 80 percent of all C7s are ordered with the automatic. This is an easy way for Chevy to make more money. These price increases will only affect C7s invoiced from this point on, meaning if you go to a Chevy dealership lot right now, chances are those Corvettes won't be affected. Customers who have already placed an order but have not received delivery will obviously not be affected as well.