Be prepared to pay some extortionate dealer markups for the remaining stock.
The 2020 Chevrolet Corvette Stingray was one of the most anticipated new cars of 2020, but the launch has been cursed with setbacks. Production of the mid-engine sports car was delayed for several months due to a United Auto Workers strike. Not long after customer deliveries began, GM was forced to close its factories in response to the coronavirus pandemic, cutting production of the 2020 Corvette short.
Before production was halted, only 2,700 2020 Corvettes had rolled off the production line this year. While production of the 2020 Corvette is expected to resume in July, it will still fall short of the 2019 model's production run by a huge margin.
Given its rarity, the 2020 Corvette is very likely to become a future collector's car. If you're still hoping to buy a 2020 Corvette, CarsDirect has discovered that while it hasn't sold out completely, there aren't many left. Right now, there are only around 30 C8 Corvettes available to buy in the entire US.
While the C8 Corvette starts at $59,995 including destination, base C8s are virtually impossible to find. Out of the 30 cars for sale, only two carry a price tag of under $70,000. More than half of the cars are being sold for over $80,000.
The most expensive car still available is a 3LT Coupe in Salt Lake Valley, Utah, being sold for $139,210, which is $50,000 over its $89,210 MSRP. Interestingly, Kerbeck Corvette, which is the largest Corvette dealer in the country, doesn't have any C8 Corvettes for sale.
"We pre-sold all of our 2020 Corvettes as well as the first few months of 2021s," the dealer said when asked about the lack of inventory. Instead, the dealer is accepting deposits for the 2021 Corvette. If you're desperate to own a 2020 Corvette you can still probably track one down if you look hard enough, but be prepared to pay some extortionate dealer markups for the remaining stock.