The 2021 Chevrolet Corvette Just Got More Expensive – Starts Over $60,000

Since its global debut back in 2019, the 2021 Chevrolet Corvette’s strong point has been its value proposition. For less than $60,000, buyers got a mid-engined Corvette capable of hitting 60 mph in less than three seconds. While most buyers opted for the more expensive trim levels, even the base $59,995 car offered excellent performance.

However, for 2021, this mid-engined sports car is getting a slight price increase. According to Corvette Action Center via CarBuzz, the adjustment isn’t just for the base model. In fact, the entire range is now more expensive. However, there is a way you can still get the old price, but you need to act fast.

How much does the 2021 Chevrolet Corvette cost?

An image of a blue 2020 Chevy Corvette out on track.
2020 Chevrolet Corvette Stingray | Chevrolet

If you’re looking at buying a 2021 Chevrolet Corvette, you shouldn’t let this price increase affect your decision. According to CarBuzz, the entire range of models is now $1,000 more expensive. This means that the previous $59,995 base price is now $60,995. Subsequently, the convertible model jumps from $66,495 to $67,495.

According to CarBuzz, this means that the most expensive 2021 Chevrolet Corvette 3LT trim levels start at $72,945 for the coupe and $79,945 for the convertible. Thankfully, this price increase does not seem to affect the available options. This means that the performance-oriented Z51 Package should still cost you $5,995.

In the grand scheme of things, this 2021 Chevrolet Corvette price increase likely won’t matter to the average buyer. In fact, a report by GM Authority indicates that the average C8 buyer is far wealthier than the average C7 buyer. Additionally, the Corvette remains significantly cheaper than some of its European rivals.

Why did Chevrolet increase the base price?

An image of a 2020 Chevy Corvette out on track.
2020 Chevrolet Corvette Stingray | Chevrolet

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On average carmakers raise prices slightly as they move through the model years. As a result, this 2021 Chevrolet Corvette price bump is far from surprising.

Surprisingly, Chevy decided to carry over the 2020’s pricing for a considerable amount of time. Chevy could’ve easily cut the production of the 2020 model, raised prices, and gone straight into the 2021 model. Thankfully, they did not, giving buyers extra time to take advantage of the lower price of entry.

Given this change, expect prices to increase again once the 2022 model arrives sometime soon. However, for now, it seems the carmaker is focusing on fulfilling all of the delayed 2021 Chevrolet Corvette orders.

You can still get the old price if you act fast

If you’re looking at pulling the trigger on a 2021 Chevrolet Corvette, there is a way to retain the cheaper pricing. According to CarBuzz, the price increase won’t officially go into effect until March 2. This means that if you place an order for one of these mid-engined sports cars before then, you can still access the lower prices.

Additionally, previous orders in Chevrolet’s system won’t be affected by the price increase. Given the severe delays the 2021 Chevrolet Corvette has experienced lately, you’ll still have to wait a considerable amount of time before receiving your sports car. Since this is already the case, you might as well jump in and save $1,000.