High demand and low availability have resulted in huge markups dealerships put on the Chevrolet Corvette C8.
U.S. dealers are charging tens of thousands of dollars over the model’s manufacturer’s suggested retail price (MSRP). Some markups are illogically enormous, GM Authority reports.
At some dealers in Florida, markups over the recommended prices reach $35,000 for a 2021 Chevy Corvette C8 Stingray Convertible 1 LT and $40,546 for a Coupe 2LT. For a Corvette C8 Stingray Coupe 1LT, a dealer asks incomprehensible $99,516 more than its MSRP of $61,595.
In California, a 2021 Chevy Corvette C8 Stingray Convertible 3LT сosts $168,700: $75,000 over the MSRT.
The waiting lists for the new Chevy Corvette C8 are long, and supply is very limited due to several production delays at the GM Bowling Green facility in Kentucky.
Dealers can ask as much as they want for the product, but will people buy it? The Corvette is a great car, but is it worth paying such great money for?