High demand means more money.
Something like this was bound to happen and today there's proof. The all-new 2020 Chevrolet Corvette Stingray is one of the most talked-about vehicles in recent times. Its first-ever mid-engine design has created a lot of interest among new and old Corvette fans alike, though it's the former Chevy is aiming for the most. That said, the start of C8 production was delayed until earlier this month following a long UAW workers strike, but there's still more demand than available supply, at least for now. And it seems one auction house is taking full advantage of that.
Premier Auction Group, based out of Port Charlotte, Florida has listed a 2020 Corvette 2LT Coupe for auction at no-reserve. Thing is, the car itself hasn't even been built yet, only specced.
A vehicle description is provided with all included options, but we went to the Chevy configurator website and "built" the car ourselves in order to have images. Among this C8's highlight is Ceramic Matrix Gray Metallic exterior paint over a Jet Black Mulan leather interior, GT1 bucket seats, head-up display, Bose Performance Series sound system, performance exhaust, carbon flash side vents, front and rear grille accents, exterior badge package, carbon flash-painted aluminum wheels, and all-season tires. All told, the final price tag comes to $69,450, including the $1,095 destination fee. As a reminder, the base price for a new 2020 Corvette begins from $59,995.
With about $10k in extras, this particular C8 isn't anything special. Heck, it doesn't even have the optional Z51 Performance Package, which adds $5,000 to the final price. But because 2020 Corvette production has been delayed, this auction house figures demand is higher and, therefore, someone is willing to pay up.
However, because this is a no-reserve, it's entirely possible the final auction price won't go above the list price. After all, anyone can simply head to the online configurator and build this exact C8 to determine its true value. And it's not like the C8 Corvette is one model year only. If anything, Chevy is just getting started with its all-new mid-engined machine.
So far, there's only been one other 2020 Corvette auction we were aware of, that of the first C8 to roll off the line production line. That car was sold to Rick Hendrick for $3 million, though all proceeds will be donated to the Detroit Children's Fund.