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|
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.
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