From the moment it became apparent that the C8-generation 2020 Chevrolet Corvette would switch to a mid-engined configuration, there were concerns that its price tag would skyrocket. That couldn’t be further from the truth.
While speaking at the global unveiling of the new Corvette in California, GM president Mark Reuss has revealed that the car will start at less than $60,000 in the United States. That is a remarkable figure for a high-performance, mid-engined supercar and shows that while Chevrolet is looking to push the performance of the ‘Vette to new levels, it won’t force customers to pay exorbitant amounts for it.
To put that C8 Corvette’s price into perspective, the C7 Corvette Stingray starts at $55,900 in the United States but can easily be specced up to over $60,000 with the likes of the Z51 Performance Package and other options.
What makes the sub-$60,000 starting price all the more remarkable is the performance the car promises to offer. In entry-level Stingray guise, the 2020 C8 Corvette’s 6.2-liter V8 engine pumps out 490 hp and 465 lb-ft (630 Nm) of torque. Mated to an eight-speed dual-clutch transmission sending power to the rear wheels, the car accelerates to 60 mph (96 km/h) in less than three seconds.
In terms of the C8 Corvette’s rivals, well, it doesn’t really have any, at least not at $60,000. Picking up an entry-level Porsche 911 Carrera S in the United States will set back customers almost $115,000. When you venture in the world of mid-engined supercars, prices soar. The Honda NSX, for example, starts at $159,300. The Audi R8 starts at $172,450. BMW’s i8 is almost $150,000. The (admittedly faster) Ferrari F8 Tributo and Lamborghini Huracan Evo are both well over $250,000. Heck, even the 400 hp Lotus Evora 400 starts at over $90,000. Buying the 471 hp Lexus LC 500 requires at least $95,000.