Out of nearly 300 C8 Corvettes for sale, none of them was the standard $59,995 model.
There was a lot of buzz when it was announced that the 2020 Chevrolet Corvette Stingray will start at just $59,995. That's a bargain for a sports car packing a 6.2-liter V8 with 490 horsepower 470 lb-ft of torque, although the cost soon mounts up when you start adding options. In reality, however, finding a completely stock 2020 Chevrolet Corvette is virtually impossible right now.
Now that the 2020 Chevrolet Corvette Stingray is arriving at dealers, CarsDirect has discovered that out of the 291 C8s listed automotive website Autotrader, none of them was the $59,995 base model.
The least expensive model available was a 2LT Coupe in Miami, Florida, finished in Black with Adrenaline Red interior being sold for $67,295, which is over $7,000 more than the base model. Conversely, the most expensive C8 Corvette was an Arctic White 3LT Coupe located in Scottsdale, Arizona, priced at $112,600. Surprisingly, several of the cars listed had also already been sold.
The publication notes that one possible explanation for the shortage of base models is that dealers usually receive models loaded with options when a new car launches.
Some dealers are even resorting to selling the new Corvette on eBay to maximize profits. CarsDirect found a Pennsylvania dealer listing a 1LT Coupe for sale on eBay equipped with the Z51 Package ($5,000), Magnetic Ride Control ($1,895), and Battery Protection ($100). The current bid is a whopping $82,200, which is over $15,000 more than the MSRP.
With high customer demand (Chevrolet received 37,000 reservations for the new Corvette last October) and the coronavirus likely to affect production, tracking down a new 2020 Chevrolet Corvette isn't going to be easy if you didn't pre-order one last year - let alone one for under $60,000. The high demand also means it's going to be a long time before dealers start offering incentive discounts for the C8 Corvette.