Bradan Donaldson
Starting price of the 2021 Corvette to increase by $1,000 on Monday, March 1st.
Updated: 5:45 PM ET
According to our sources, the starting price of the 2021 Corvette will increase this coming Monday by $1,000.
From what we’ve been told, the increase will only affect the MSRP and not the options.
Below is a summary of the changes showing the before and after MSRP which includes the destination charge:
| Model | 1LT – Old | 1LT – New | 2LT – Old | 2LT – New | 3LT – Old | 3LT – New |
| Stingray Coupe: | $59,995.00 | $60,995.00 | $67,295.00 | $68,295.00 | $71,945.00 | $72,945.00 |
| Stingray Convertible: | $67,495.00 | $68,495.00 | $74,295.00 | $75,295.00 | $78,945.00 | $79,945.00 |
Right now, we haven’t heard of the reasoning behind the increase.
From what we’ve been told, GM has made Corvette production a priority and apparently, production of other GM platforms have been reduced in order to insure that shared parts across the platforms, such as semiconductors, are available for Corvette production. While this is what we’ve heard, we’re not stating this as fact.
If production of other models within the GM lineup is being reduced, that means reduced profitability for the quarter. GM may be hoping to soften some of that loss by raising the MSRP of the Corvette. That’s purely a guess on our part.
How Does This Affect Orders?
Of course, the main concern for customers is how this will affect their orders.
All orders that have been entered into GM’s Order Workbench system at status code 1100 or higher are believed to be price-locked and will not be affected by the increase. If your dealer has not yet placed your order, the final price will increase by $1,000 after March 2.
We just received this confirmation from Chevrolet below:
The MSRP of the 2021 Chevrolet Corvette Stingray coupe and convertible at all trim levels will increase by $1,000 beginning March 1. Customers who have event code 1100 sold orders and beyond by March 2 will not be impacted by the price increase on the 2021 Corvette Stingray. We monitor and adjust pricing on all our products regularly, and we’re confident the Corvette remains a winning formula of performance and attainability.
You read it here first!
Chime in with your thoughts in the forums!
6 comments
This is the free market in action. The C8 is in high demand so GM can get away with a price increase. In fact, it’s under a two percent rise so I doubt it will hinder any sales. Heck, greedy dealers are ADMing 10K-30K and getting it. It will be quite a while before the General pays off the fixed cost of developing and tooling the car, so expect further increases if the demand keeps up. You gotta pay if you wanna play.
Thats why I am keeping my 2019 GS 2LT..No need to update when I am satisfied with what I currently own!!It could go up $10,000 Could possibly cause an increase in value of a C7!
lol going up on price of cars you dont have to sale .just try and make the cars for the people that have been waiting for ever to get one .signed losing patients
I think it’s fundamentally dishonest. They VERY LOUDLY PROCLAIMED that the C8 was:
1–Awesome
2–$60,000
The first claim is probably true, but the second one is utterly false.
IT WAS………
WARNING: $1000 MSRP increase for changing specs
Last week I was very excited to learn my 2021 order placed in September 2020 had moved to status 2000 for allocation. Like any sane purchaser, I verified my order. I contacted both the Corvette Concierge and the dealer to ask whether I can still make changes to my order. They both said yes.
My dealer helped me delete about $2000 worth of options yesterday, but to my surprise the base MSRP increased by $1000. Today I called the 1. dealer, 2. Corvette Concierge, and 3. GM customer assistance about the surprise increase. I did not place a new order, but just made a change to an existing order with the same order number; I retained my place in line and it is going to production. But a new MSRP was generated by the computer. Rather than getting any sort of help or sympathy, I was told by the dealer and Corvette Concierge that GM can change the MSRP at any time. Honestly, I was given no warning about a potential price increase–otherwise I would have left it alone. I don’t believe even the people I called could have predicted this outcome.
This seems contrary to what GM had communicated on February 26 about pre-existing orders.