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.
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.
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.
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.