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.
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.