New Chevrolet Corvette Costs $15K More Than Predecessor

Chevrolet Corvette Z06 first official image

An increase in the 2023 Chevrolet Corvette prices for Australia is caused by excessive dealer fees and restriction of supplies by General Motors.

As a result, customers in Australia are dealing with new prices which are $15,000 higher than the old ones, across the range. The new Chevrolet Corvette costs $160,000 for the 2LT Coupe, $175,000 for the 2LT Convertible and 3LT Coupe, $190,000 for the 3LT Convertible, Drive informs.

Dealer delivery charges are mostly between $5000 and $10,000, though a number of GM dealers quoted $25,000 in excess on the cars from the first batch.

GM’s Australian division – General Motors Specialty Vehicles (GMSV) – says the reasons for the new Corvette price rises are “supply-chain” restrictions and “economic price increases”, in particular, exchange rate fluctuations.

Industry insiders suggest that dealer fees would not be so high if the manufacturer supplied more cars from the USA to Australia. Over the past 18 months, each of 55 dealers in Australia could allocate just four Chevrolet Corvettes.

Meantime, some dealers are holding 50 Chevy Corvette customer orders in excess So, waiting times may exceed 2 years given current production volumes of right-hand-drive Corvettes. Nevertheless, vehicle allocations are expected to increase with subsequent batches.

The Australia-spec 2023 Chevrolet Corvette cars will be available with new wheel and exhaust tip options, fresh color choices. The first examples of the new model are due to ship to Australia in the fourth quarter of 2022.

In the 2nd part of this year, General Motors will make an update on Australian allocations for the Corvette Z06.

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