Chevy confirmed the price increase with Roadshow and a spokesperson said in a statement, "We monitor and adjust pricing on all our products regularly, and we're confident the Corvette remains a winning formula of performance and attainability."
The increase comes amid aat General Motors' production plant in Bowling Green, Kentucky, home to the Corvette. Chevy never addressed the specific causes for the multiple instances of idled production lines, but the entire industry continues to reel from a . It's possible the automaker simply needed to pass along increased production costs to buyers, but $1,000 isn't anything that will likely dissuade buyers from the sports car.
There is a catch to this price increase, according to the report, though. For anyone who placed an order before March 2, or sees the code "1100" on their build or sale orders, the price increase doesn't apply. A Chevy spokesperson didn't speak to the specifics of what constituted the cutoff date, but confirmed this is the case. From here on out, the Corvette's a $60,995 machine.
That's arguably still one heck of a bargain considering the performance on tap. The 2021 Corvette still rocks a 6.2-liter V8 engine with 490 horsepower and 465 pound-feet of torque before ticking the option for the Z51 package. The performance goods included bump the figures to 495 hp and 470 lb-ft of torque. And new for the 2021 model is standardand and a digital tachometer for track driving sessions. Buyers can also option the Magnetic Ride Control shocks without opting for the full Z51 package.