GM Wants To Protect Corvette Buyers From Price Increases

Industry News / Comments

But will the scheme be successful?

With the ongoing chip shortage and general global logistic backlogs hampering new vehicle supplies, prices have been soaring to record levels across the board, and popular models such as the Corvette Stingrahave been severely affected. Those looking to buy a new Chevrolet C8 Corvette are facing massive waiting periods, and it has become so bad that some are willing to break the law to get their hands on one. Corvettes are selling for crazy money at the moment, and the problem has become so severe that Chevrolet will now offer price protection on its popular sports car. According to a bulletin sent to dealerships, Chevy will offer incentives with protection credit to compensate for possible future price increases.

2020-2022 Chevrolet Corvette C8 Front View Chevrolet
2020-2022 Chevrolet Corvette C8 Side View Chevrolet
2020-2022 Chevrolet Corvette C8 Rear View Driving Chevrolet
2020-2022 Chevrolet Corvette C8 Rear-Facing View Chevrolet

At the moment, there's no indication of a looming price increase, but manufacturers tend to bump prices up from year to year. The Chevy Corvette, for example, rose in price to $62,195 for the 2022 model year, up $1,200 from 2021 due to a hike in equipment levels. The new price protection plan can be applied to cars built on or after the date of a price hike, and buyers will have to place their orders before the new pricing goes into effect. This incentive program will go a long way to securing price-sensitive buyers who are worried about further supply issues, delivery dates, and general market vulnerabilities.

2020-2022 Chevrolet Corvette C8 Front View Chevrolet
2020-2022 Chevrolet Corvette C8 Top View Chevrolet
2020-2022 Chevrolet Corvette C8 Rear View Chevrolet
2020-2022 Chevrolet Corvette C8 Front View Open Top Chevrolet
The Cadillac Lyriq Is A Show Car For The Street
The Cadillac Lyriq Is A Show Car For The Street
How The Corvette Z06 Compares To Nurburgring Rivals
How The Corvette Z06 Compares To Nurburgring Rivals

While orders for the C8 Stingray continue to pour in, Z06 reservation details are now in the open, and some dealers have begged customers to stop enquiring about the new high-performance model. Currently, even base model C8 Corvettes are hard to come by, and if you do manage to find one, expect to pay massive dealer markups - at least for those models not covered under the price protection plan. Should you manage to find a unicorn of a dealer that has both stock and a competitive pricing structure, be sure to let us and your fellow Corvette enthusiasts know about

2020-2022 Chevrolet Corvette C8 Dashboard Chevrolet
2020-2022 Chevrolet Corvette C8 Driver Mode Selector Chevrolet
2020-2022 Chevrolet Corvette C8 Steering Wheel Chevrolet
2020-2022 Chevrolet Corvette C8 Gearbox Controls Chevrolet

Join The Discussion

Gallery

2020-2022 Chevrolet Corvette C8 Rear View
2020-2022 Chevrolet Corvette C8 Top View
2020-2022 Chevrolet Corvette C8 Front View
2020-2022 Chevrolet Corvette C8 Front View Open Top
2020-2022 Chevrolet Corvette C8 Dashboard
12
Photos
Back
To Top