Chevy seriously wants to get rid of them.
We've reported on C7 Chevrolet Corvette discounts in the past but nothing quite like this. As we all surely know by now, the all-new mid-engined 2020 C8 Corvette has been officially unveiled to generally positive reviews. It's already nearly sold out for the upcoming model year. But what isn't sold out are leftover stock C7s, and Chevy is clearly anxious to get rid of them once and for all.
CarsDirect has learned that starting now through September 3, Chevy is offering what's called GM Supplier Pricing to unsold C7s that could result in up to $9,000 in savings. Appropriately called "Supplier Pricing for Everyone," the regular buying public is now eligible for this discount on all 2019 Corvette variants. Yes, this means everything from the base Stingray to the bonkers ZR1.
It's important to note, however, that the discount is based on the C7's configuration. CarsDirect found this example: a C7 Z06 with as much as $6,404 off MSRP. There's also a $3,000 loyalty discount for existing owners of any Corvette. Do the easy math and that's $9,404 in savings right there. There are, however, a few important things to note before running out to the nearest Chevy dealership. This offer is only good when buying, not leasing. Chevy is also playing around with the numbers somewhat.
For example, that C7 Z06 mentioned above has an MSRP of $95,020, but a Z06, in general, begins at $85,290. This means the vehicle has over $9,700 in options, so in reality that $9,404 discount may not be as great as one may think.
Advertising savings like this, which some may consider misleading, isn't anything new by an automaker, in this case, GM. This simply presents the opportunity for GM to advertise bigger savings than what some customers may be eligible for. Here's another example: a base C7 2019 Corvette Stingray has a Supplier Price of $53,606, which is a $3,389 discount off the $56,995 MSRP.
Despite this, it's evidently clear GM has authorized Chevy dealers to do what's necessary to clear out remaining C7 Corvette stock. If you're not a fan of the mid-engined C8, don't hesitate and buy now.