GMC Hummer EV Tesla Cybertruck vs. GMC Hummer EV 2021 Genesis GV80 2021 Ford Bronco 2020 electric vehicles Best car lease deals Best car insurance

2020 Chevy Corvette Stingray will reportedly cost more in 2021

The mid-engine performance bargain is rumored to have a price hike in its future.

Whatever the price, it'll probably still be quite a value.

Tim Stevens/Roadshow

It's fair to say Chevrolet earned a double jaw drop when it first said the mid-engine 2020 Corvette Stingray would cost under $60,000, and then revealed the starting price to be $59,995 after the destination fee. It might all be short-lived, however.

A Monday report from Motor Trend claims the sub-$60,000 price tag will be for just one model year. For the 2021 model year, the mid-engine Corvette will supposedly grow more costly, though the source did not share how much the price will climb. Looking back at the C7-generation Corvette's history of price increases, this does not seem far-fetched in the slightest.

A Chevrolet representative did not comment on the rumored news.

By announcing the base car with a $59,995 price, Chevy certainly earned the buzz the sports car deserves -- it's the first time the engine is moving from the front of the car for a production Corvette. However, now that the world is well aware the car is coming, and it'll be a bargain for its on-paper specs, the rumored news seems to earn more credibility. Vehicle prices do often increase slightly each year, and as Motor Trend points, out the C7-generation Corvette saw its fair share of price hikes.

The previous-generation Corvette Stingray originally started life as a $51,995 machine in 2014. A few months later, the price jumped to $53,993, then to $55,995 in 2015. There's a pattern here, and if demand for the C8 Corvette is as high as Chevy thinks it will be, the $59,995 price isn't likely to stick around long. In fact, General Motors says it will add a second shift to the Bowling Green, Kentucky, assembly plant to meet expected demand for the sports car.

Even for those hoping to find a true base model 2020 Corvette Stingray, I wish you luck. Dealers are really good at marking up desirable cars and the extra 5 horsepower atop the base car's 490 hp plus other performance goodies from the Z51 package will cost $5,000 more. A fully loaded Corvette Stingray will ring in at nearly $72,000.

Now playing: Watch this: 2020 Chevy Corvette: First look at the mid-engined wonder
1:55