Official: 2021 Corvette Price Increases For All Trims

Chevrolet was true to its word when it announced pricing for the 2020 Corvette Stingray coupe. Starting at $59,995, the C8 Corvette could be had for less than $60,000. Considering its power, performance, and much-improved handling and overall refinement compared to any of its predecessors, this is one hell of a great deal. But good luck trying to find any sub-$60k Vettes on dealer lots because, well, very few exist. Buyers understandably add options and packages, but Chevy was still able to promote that base price even when the 2021 model arrived. Until now.

Corvette Action Center has learned pricing for the 2021 Corvette has increased by $1,000 for all trims and both body styles. The new pricing takes effect today, March 1.

CarBuzz reached out to Chevrolet to confirm the news and a spokesperson told us the following:

“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.”

So there you have it. The base Corvette 1LT coupe now begins at $60,995 and the cheapest convertible costs $67,495. At the opposite end of the trim spectrum, the 3LT coupe and convertible start at $72,945 and $79,945, respectively.

This is by no means the end of the word and, honestly, it’s not at all unexpected. Vehicles typically increase in price at varying amounts for the new model year. Chevy, to its credit, initially retained 2020 Corvette pricing for 2021 because the previous model year was cut short due to the five-week-long UAW strike and, of course, the onset of the coronavirus pandemic. It would have been a bit unfair to charge more for those whose C8 orders were push back to several months.

It’s certainly possible those orders have been or are currently being fulfilled, hence the mid-year price increase for all new customers henceforth.