Chemdawg99

I'm afraid I have to disagree with the notion in bold in your post.

There is no way GM could keep the Corvette at the price it introduced in 2020 and have the platform remain profitable for the business. The pricing of the Corvette is very much in line with median income and keeps up with inflation. The Corvette is affordable to anyone with a profession or a career in a white-collar or blue-collar job that pays well (lawyer, doctor, plumber, head mechanic, police officer with some years on the force, military personnel in the senior enlisted or officer ranks, etc.). It is an aspirational car for the people who work hard in their chosen fields.

The median household income right now is $74,580. For individuals, the median income is $69,029. Even with the increase in price, the price of a Corvette is still roughly the median income of a household or individual.

HogwildC7

MSRP for a 2022 2LT Z51 cost me $77k now the same build is at $88K.

p4snow

Thanks to MM, got in before the 2022 mid year price increase. MSRP for my 2023 1LT coupe was $63,295 vs 2024 now $69,895 which represents a 10.4% increase.

Kumite

That definitely didn't take long at all. Looks like Chevy tentatively raised the price of MY2024 to gauge demand and now that they see demand is still high they feel comfortable asking for more. Wouldn't be surprised if the price goes up even more after the dust settles with the UAW strike.

Sportsman2003

They need to make up some of the money they have lost due to extensive DCT failures.

Pisswilly

There will be another price hike after they settle the contract.

ChotisBill

Some of the increase may be because of the up comming UAW contract.

jipper

yeah i agree...i have been reading more on the drive off depreciation and it is really outpacing the expcations, my build would be 92K with the price increase and i am seeing certified 22's with the same setup in the mid to high 70s. At this point, for me, this might be the straw that broke the camels back on buying a new one right now...have to talk through with my wife but leaning towards canceling my allocation next week and holding off....really sucks too but at some point enough has to be enough.

Zymurgy

Merged threads on the subject

Acpantera

You should be glad you're not a snowmobiler, My 200hp Arctic Cat Thundercat was $17.5k in 2022, now is $22k for 2024. Same sled sans decals.

Korbek

Called it. Same thing happened last year. Everyone was all happy 2023 models *only* went up X dollars from 2022 then a few months affer MY 2023 began another increase occurred.

Again this year called a 4-5k increase and folks were saying "see? It only went up a couple grand between base price & options" when 2024 MY began.

And again we see a 2md bump mid-model-year (or in this case practically the start of the MY).

An equally specced 2022 3LT HTC MSRC car with some cosmetic options would be like 8 or 9 grand more by mid-2024 model year prices. I'm bummed I had to sell my 2022 to buy land in KY, bc prices will just keep going up. Ahh well, didnt HAVE to sell it but I made the decision to bc I didnt like the thought of financing land at 8% mortgage rates.

But if I ever get back into a C8 I'm gonna have to pay up, sadly.

JTBogus

Both MM & Ciocca have new '23's on the lot at MSRP, and some used C8's also. No price increase, no waiting.

Warp Ten

Huumm ... So with a $2K increase in 2024 C8 base price.. will my 2021 C8 used price go up by $2K?

TensionED

Man that's messed up, what code are you at now? Until I pay I won't relax as it is still up to the dealer to be decent. The invoice will reflect the new price but GM will reimburse them if they honor the original price, though they don't have to. Here are the new prices from Corvette Blogger. Ouch!
Here is what the estimated revised pricing looks for all three Corvette models and their trim packages. Prices include the destination fee of $1,595:

2024 STINGRAY PRICES
• 1LT Coupe: $69,895
• 2LT Coupe: $76,995
• 3LT Coupe: $81,645
• 1LT Convertible: $76,895
• 2LT Convertible: $83,995
• 3LT Convertible: $88,645

2024 Z06 PRICES
• 1LZ Coupe: $111,695
• 2LZ Coupe: $120,595
• 3LZ Coupe: $125,245
• 1LZ Convertible: $118,695
• 2LZ Convertible: $127,595
• 3LZ Convertible: $132,245

2024 E-RAY PRICES
• 1LZ Coupe: $106,495
• 2LZ Coupe: $111,995
• 3LZ Coupe: $117,445
• 1LZ Convertible: $113,495
• 2LZ Convertible: $118,995
• 3LZ Convertible: $124,445​

switchlanez

I thought I had it bad with the MY23 price increase from MY22's MSRP w/ destination of $62,145. MY23 was originally slotted for a $1,050 increase. Then it got hit with a $2,300 increase a few months into production. Then they added $300 for a mandatory 3-year OnStar subscription as standard.

$62,145 (MY22) + $1,050 = $63,295
$63,295 + $2,300 = $65,595
$65,595 + $300 = $65,895
$3,750 net increase from MY22 to end of MY23

When I heard MY24 was initially only getting a $2k price increase over MY23 (from $65,895 to $67,895), I felt a little unsettled. MY23 increased by $3,750 despite a reduction in standard equipment (trunk lock cylinder delete) wherease MY24 saw a smaller increase yet a full suite of new safety tech features and standard rearview camera mirror. Granted I prefer no lock cylinder nor intrusive extra electronics but my opinion doesn't change the facts.

Now this additional $2k increase for a $4k net MY24 increase makes the $3,750 increase I paid for MY23 seem more reasonable. I won't deny that it sucks. I don't wish for more financial burden on anyone, be it MY23 or MY24 buyers. But this price history should add some perspective.

TensionED

Get ready as it may be coming. Getting error codes when trying to bring them up now.

muncie21

I'm thinking the increase is more than the UAW issue. Keep in mind that inflation is still a 'thing' and much higher than the 2020's or so. With the price of staples & energy increasing I can see why the C8 is also increasing in price. It may be a hard pill to swallow, but if you don't like the price hike there's other American built performance car options out there (maybe not great ones) like Camaro (at least for 1 more MY) Ford and perhaps Dodge.

TensionED

Checked a couple of stickers made today and they're showing the old price as of right now. I would feel much better if my sticker had the old price that I can talk to if my invoice comes in $2000 higher.

pltmgr

EVERYTHING I'm buying is experiencing price increases and more than the Govt figures for inflation. Im not surprised that the new C8 prices are increasing. I believe that the past few years of inflation is having and will continue to have a delayed impact on all prices. I also believe there are some lingering supply side issues in many industries which is not helping prices.

Rapid Z

I have to make a decision now if I buy or not. Car is building next week.