Car market

Chevrolet Figured Out How To Protect Corvette Z06 From Quick Resale

Chevrolet offers a financial incentive to buyers who hold their Corvette Z06 cars for at least one year after delivery.

Expect big markups and flipping, when it comes to iconic new vehicles, especially in a limited supply situation. This time we mean the 2023 Chevrolet Corvette Z06. Real fans ready to buy such an expensive ‘toy’ will certainly not be frightened by overpayment. Dealers or flippers can potentially earn $50,000- $60,000 over a Z06 vehicle’s MSRP.

A Reward from Chevrolet

To prevent resellers from the immediate advantage of early deliveries, Chevrolet offers a reward in the form of points via the My Chevrolet Rewards Program. A Chevy Corvette Z06 buyer will be able to redeem those points for the things like car accessories or car payments.

Will customers want to take advantage of the reward? Profit from resale may be much greater than from incentive. Though the company has already warned retailers against applying markups and unsavory sales tactics to the new Corvette Z06, will it work? The market dictates its terms.

Pricing, Production

The 2023 Chevrolet Corvette Z06 starts at $106,395 for the base 1LZ Coupe and $113,895 for the 1LZ Convertible including a $1,395 destination charge. The 2LZ Coupe costs $115,595, and the 2LZ Convertible is $122,595. The 3LZ Coupe and Convertible run $120,245 and $127,245, respectively.

The model enters production in September 2022, so customer deliveries should begin shortly after. The new price is a jump over the starting price (slightly above $80,000) of the previous-generation C7 Z06.

A potent hand-built, 5.5-liter flat-plane crank V8 engine powers this new iteration of the Z06. The unit delivers 670 horsepower and 460 pound-feet of torque – good enough to accelerate from zero to 60 mph in only 2.6 seconds.

The new Corvette Z06 targets to rival such beasts as the Porsche 911 GT3, Ferrari F8 Tributo, Lamborghini Huracan Evo, or the McLaren 720S.

Source: Autoblog

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