New Chevrolet Corvette buyers are much richer than the old ones
They make $76,000 more than last year's customers
The new mid-engine Chevrolet Corvette Stingray was designed to better compete with high-end exotic cars, and it’s not just doing it on the track.
A Chevrolet spokesman told FOX Business that the median income of a Corvette buyer last year was up $76,000 to $214,000, suggesting it is being cross-shopped with cars well above its $59,995 base price, which is only $3,000 more than the previous version’s.
Chevrolet was only able to produce around 20,000 Corvettes in 2020 due to the challenges of the coronavirus pandemic, and it was a complete sellout.
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Some dealers have been listing the coupes and convertibles for tens of thousands of dollars over their suggested retail price due to the tight supply.
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The 2020 Corvette Stingray is powered by a 495 hp, V8, and capable of accelerating to 60 mph in 2.9 seconds, which is as quick as some mid-engine cars like the Audi R8 and Acura NSX that cost nearly three times as much as it.