Chevrolet has raised the prices of all models of Corvette by $1,000. The Corvette had originally entered 2021 model year sales without a price increase, but this change is effective immediately. It means that the lowest price you can expect to pay for the 8th generation of Chevrolet’s icon is now $60,995, for the base model 1LT.
The midrange 2LT and higher-end 3LT models see the same $1,000 price increase, now selling for $68,295 and $72,945 respectively. Convertible models remain at a $7,500 premium over the coupe model each is based on.
We should note that, though the idea of a sub-$60,000 Corvette is impressive, less than 16 percent of buyers opted for the relatively spartan 1LT, anyway. The best-selling ‘Vette was the 3LT version.
Mid-year price changes are not unusual in the auto industry. They typically come as a result of increasing component prices. However, Chevrolet has not commented on the reason for Corvette’s price bump. The Corvette production line is currently shut down until at least March 5. The hiatus is not due to the industry-wide shortage of microprocessors, but rather a delay in getting transmission parts from a supplier.
Related: See KBB Editors Test Drive the 2021 C8 Corvette
