GM Selling Corvettes As Fast As They Can Make Them - So Raises Prices To Make More Money

If you've been waiting to buy a new Chevrolet Corvette Stingray, that's going to cost you.

The base price of the sports car just went up by $2,000, going from $51,000 to $53,000. General Motors (GM, Fortune 500) also increased prices for the Stingray convertible by $2,000. It now costs $58,000.

In addition, the price of the Z51 performance option package went up by $1,200. It now costs $4,000. The Z51 package adds larger wheels, performance tires and special aerodynamic features, among other things.

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ducati1199 - 3/10/2014 2:26:23 PM

-1 Boost

bye-bye gm. greedy scumbags.

just wait until these start falling apart.

Sciros - 3/10/2014 2:51:23 PM

-1 Boost

I actually was planning on getting one in a month. Either I get the old price, or I'm not picking one up. If GM really is selling them that fast then they won't care, but on principle it kind of makes me mad.

jeffy210 - 3/10/2014 6:41:37 PM

+1 Boost

Supply and demand. How is this any different from a dealer markup? It's just happening by the manufacturer instead.

vwowner1 - 3/11/2014 1:02:35 AM

+2 Boost

These price increases are not that significant considering the still relatively low price for what you are getting, especially when compared to its direct competition. I don't think the average Corvette buyer will care about a couple of thousand dollars extra for this car because it's still worth it and more.

Sciros - 3/11/2014 9:55:31 AM

+1 Boost

If it cost the same as its "direct competition" then people would simply buy that "direct competition." Price increases that start closing the gap make people look closer at other options. It's not like you HAVE to tick the "3.8 to 60" box. It makes the price difference between the "4.4 to 60" CLA AMG more significant and between the base-but-gorgeous F-Type less significant.