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2021 Chevrolet Corvette Stingray Buyers Definitely Won't Like This

Pricing / 31 Comments

Assuming this new report is true, of course.

When Chevrolet unveiled the new 2020 Corvette Stingray, it promised the new mid-engined supercar will cost less than $60,000. Just last week, the automaker confirmed the new Corvette will start at $59,995 including the $1,095 destination charge. Of course, it's easy to increase the base price when you start exploring the options list, but it's still a performance bargain when you look at the impressive specs.

Regardless of the trim you select, every C8 Corvette is powered by a 6.2-liter V8 engine that sends 490 horsepower and 465 lb-ft of torque through an eight-speed dual-clutch transmission – that's 40 more horsepower and 10 more lb-ft of torque than theoutgoing C7 Corvette. Chevrolet has also confirmed the new Corvette will hit a top speed of 194 mph, while the 0-62 mph sprint takes less than three seconds with the optional Z51 package installed. Don't expect the C8 Corvette to keep its sub-$60,000 price tag for very long, however.

A "well-placed source" has told Motor Trend that the sub-$60,000 base price would only last for the C8 Corvette's first model year, so expect a price hike next year. While it isn't clear how much next year's model will cost, previous Corvette pricing strategies may give us some clues.

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As Motor Trend points out, the 2014 C7 Corvette launched with a starting price of $51,995. After a few months, the base price increased to $53,993 due to unprecedented demand. By the time the 2015 model rolled out, the starting price had increased to $55,995.

Chevrolet's pricing strategy has generated a lot of buzz about the C8 Corvette. Costing only $3,000 more than its predecessor means the mid-engined Corvette will entice new buyers without stinging its loyal customers. And even if the price does increase, we suspect the C8 Corvette will still be one of the best-value sports cars on the market.