Vote 2020 graphic
Everything you need to know about and expect during
the most important election of our lifetimes

Corvette Sales Are Down and Prices Are Going Up

Illustration for article titled Corvette Sales Are Down and Prices Are Going Upem/em

If you happen to be in the market for a brand new Chevrolet Corvette this holiday season, grab one now because the 2019 models are about to get a price bump.

Advertisement

Of course, this seems like an odd move given that sports car sales are down across the board—why not cut prices on slower-selling models, right?—but depending on the trim the actual price increase may not be too bad.

The folks over at Corvette Blogger got the scoop from Kerbeck Chevrolet regarding some price increases for the Corvette lineup in 2019.

Advertisement
Illustration for article titled Corvette Sales Are Down and Prices Are Going Upem/em

The Stingray and convertibles get a price pump of $405 and $905 respectively, which isn’t all that dramatic. But once you step up to the higher performance models the change is more so, such as the $2,000 increase on the ZR1. The prices on the chart do not include the destination fee or gas guzzler tax on the Z06 and ZR1 models.

Corvette Blogger also reports that the eight-speed automatic gets a small price increase from $1,725 and will increase to $1,995. Apparently, 80 percent of Corvettes are sold with the automatic transmission, which is higher than I expected. That’s a good gearbox, but wow.

Corvette sales have been on a steady decline since 2014. Last year Chevy sold about 25,000 Corvettes and while the 4th quarter Corvette sales have not yet been released, GM moved just under 15,000 units by the end of September. GM Authority reported that Corvette sales were down 27 percent in Q2, year over year.

Advertisement

In the wake of declining sales figures and the hype surrounding the upcoming mid-engined Corvette, pumping the price up in the current car may not be the smartest business move, but perhaps GM knows something we don’t.

Tom is a contributing writer for Jalopnik and runs AutomatchConsulting.com. He saves people money and takes the hassle out of buying or leasing a car. (Facebook.com/AutomatchConsulting)

Share This Story

Get our newsletter

DISCUSSION

Over time, does anyone else think the camaro getting all of these high-performance packages has cut into the corvette’s market? Especially since most corvette owners are a bit older and the current consumer group, overall, would rather buy a CUV than struggle getting in and out of a car? It seems like the camaro would be just as attractive, if not more so, to the people who typically buy corvettes because they are pretty damn fast, easier to get in and out of, and can be much less expensive.

I’d even say that’s why they are going mid engine with the corvette. If you want a sports car under $70k, they might just want you to buy a camaro, while if you have the extra scratch, you get the mid-engine corvette. Maybe corvette is going premium only and camaro is going to be chevy’s “poor-man’s sports car.”