Corvette C7 mid-year price increase announced

[Stingray]

It was bound to happen... although unexpectedly so soon. Inflation or price hikes stink but this is still a great car though!

The new starting MSRP including DFC ($995) for these models are now:

Corvette Stingray Coupe (1YY07): $53,995

Corvette Stingray Coupe with Z51 Performance Package (1YX07): $57,995

Corvette Stingray Convertible (1YY67): $58,995

Corvette Stingray Convertible with Z51 Performance Package (1YX67): $62,995

The base price went up by $2000 (from 51K to 53K) and the Z51 Pkg went up by $1200 (from 2800 to 4000). Dest fee is still $995.
Dealers are stating the price increase is in effect for new orders as of 3/3/14. In-stock units and presold orders are not affected.

[BaylorCamaro]

Wow..

[Stingray]

Now found on CorvetteBlogger:

Chevrolet Raising Prices on the 2014 Corvette Stingray and Z51 Performance Package
by Keith Cornett on March 4, 2014



When Chevrolet initially priced the 2014 Corvette Stingray coupe at $51,000 and the Convertible at $56,000, we were shocked at how much car an owner was getting for the money. Add to the fact that the very popular Z51 performance package added a mere $2800 to the sticker price and we can see how that pricing eventually led to demand outpacing supply.

To help meet the demand, Chevrolet is raising the prices on both the base Corvette Stingray Coupe and Convertible, which will see their prices go up $2,000. The Z51 package increases $1,200 for a total package cost of $4,000.

The pricing increase went into effect on Monday, March 3rd and dealers were notified this morning via an internal communications memo.

The base price of the 2014 Corvette Stingray increases from $51,000 to $53,000. Add the Z51 Performance Package and the base price for a Z51 coupe is now $57,000. The changes in the Convertible Stingray are similiar. The base price for the convertible increases from $56,000 to $58,000 and when you add the Z51 Performance Package, the base price for a Z51 Convertible is now $62,000. There is still a $995 destination charge on all Corvettes.

The Z51 Performance Package includes the larger 19-inch front and 20-inch rear wheels and tires; larger slotted rotors and brake-cooling ducts; Performance Traction Management; electronic limited-slip differential and differential cooling system; unique chassis tuning; and available Magnetic Ride Control active-handling system with Performance Traction management. Equipped with the Z51 package, the Corvette Stingray is capable of accelerating from 0 – 60 mph in under four seconds, and more than 1g in cornering.

We spoke with a representative from Chevrolet who told us that “customer demand for both Stingray models and especially the Z51 has exceeded expectations and we are trying to meet that demand.” The Chevy representative added “Customers who have an order in the system are not subject to the price increase.”

So that’s great news for those who already have an order in the system. We reached out to our friends at Kerbeck Corvette this morning who confirmed the price increase. Kerbeck’s Dave Salvatore says that the pricing increase is only on cars built after 3/3/2014 and that Kerbeck has a large selection of existing Corvette Stingrays in stock that are not subject to the price increase.

So the good news is that demand for the 2014 Corvette Stingray is at record high levels. The bad news, unless your got an order already in the system or you buy an existing Stingray off a dealer’s lot, prices are going up to meet that demand head-on.

[mlee]

This should put a damper on some of the dealer markup.. 2k increase.

[Baldman]

Buds Chevrolet in St. Marys, Ohio has 33 of them in stock and in all colors.

[trashmanssd]

Cash in now then deep discounts later.

[Stingray]

Chevy has made it official....

[AZCamaroFan]

Originally Posted by Stingray

Now found on CorvetteBlogger:

Chevrolet Raising Prices on the 2014 Corvette Stingray and Z51 Performance Package
by Keith Cornett on March 4, 2014





To help meet the demand, Chevrolet is raising the prices on both the base Corvette Stingray Coupe and Convertible

so higher cost means they can make them faster
this is awesome!

[URBAN LEGEND]

Hmm.

[trashmanssd]

Originally Posted by AZCamaroFan

so higher cost means they can make them faster
this is awesome!

Higher cost so demands meets supply. its a nice end around trick, that puts more cash in their pockets. Why not people are that desperate for them.

[el ess A]

That's so they can afford the cash back on the ZL1 and the trucks.

[LostPony]

It's still a heck of a bargain for what your are getting. If I were in the market for a new Corvette this little increase wouldn't scare me off.

[Stingray]

Originally Posted by trashmanssd

Higher cost so demands meets supply. its a nice end around trick, that puts more cash in their pockets. Why not people are that desperate for them.

Marketing 101...

Originally Posted by LostPony

It's still a heck of a bargain for what your are getting. If I were in the market for a new Corvette this little increase wouldn't scare me off.

Now only if others can truly appreciate this... and if one has relatively expendable income or can comfortably afford spending 51K on a new base C7, then the new 53K pricepoint shouldn't be way out of reach. It stinks the cost went up but it is what it is... car prices rises all the time, mid-year or annually. The C7 is still a big bang for the buck!

And then add the basement price of (previously) $2800 for the Z51 Performance Pkg then IMO it was a no-brainer to begin with. Now that the Z51 pkg is priced at 4K, it's still a bargain. Heck a set of Z51 forged wheels alone cost 2K off the parts counter and that's if it's discounted. Breaking it down... whether you use it to its full capacity or not, you get a boat load of performance-based goodies on a Z51.


The Z51 Performance Package, elevates Corvette Stingray to its top performance level. This package includes:

• Larger 19-inch front and 20-inch rear wheels (forged lightweight)
• Dry sump oil system
• Electronic Limited Slip Differential
• Larger front brakes (13.6 inch vs. 12.6 inch) with black calipers
• Slotted Brake Rotors
• Specific shocks, springs and stabilizer bars
• Differential and transmission cooling (w/ active vents and extractors)
• Unique Aero Package that reduces lift for high-speed stability
• Michelin® Pilot® Super Sport® ZP summer-only tires that are aggressively tuned to provide outstanding handling, grip and road-holding capability
• HD Cooling
• Performance Gear Ratios