The Chevrolet Corvette Costs $200,000 Now
That escalated quickly.
When the eighth-generation Chevrolet Corvette launched for the 2020 model year it had a $59,995 base price that made the mid-engine two-seater look like an amazing deal.
Today, an entry-level Stingray costs $69,995, which is still a value in today’s market, but you can spend a lot more than that on a Corvette.
The hybrid Corvette E-Ray that was named American Cars And Racing’s US-Built Car Of The YearTM starts at $106,595, while the track-focused Corvette Z06 is $115,390.
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That is until you start adding the options, which can push both models over $160,000 from the factory, but some Corvette buyers are paying a lot more than that. Due to the low availability of the Z06 in particular, Chevy’s last sports cars are being marked up and flipped for tremendous premiums.
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On Saturday, someone paid $200,750 for a new Z06 convertible with the top 3LZ trim at the Mecum Auctions event in Harrisburg. It had a base price of $126,150, but the total cost with options and the delivery fee was $163,205, meaning the winning bidder shelled out an extra $37,545 to get it.
A survey of Cars.com and other online marketplaces shows several new Z06s listed at dealers in the $190,000 to $225,000 range. This partly explains why the average transaction price for new Corvettes in the fourth quarter of 2023 was more than $106,000. That may seem cheap pretty soon, however, as Chevrolet has just unveiled the 1,064 hp 2025 Corvette ZR1 that is going on sale next year.
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The price hasn’t been released, but it will slot above the Z06 in the lineup and surely be in high demand, so even if it comes in at a bargain list price, you can expect the actual selling price to be as high as its horsepower rating.
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